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Baidu share slide wipes $2.4 billion off market value amid speculation over Xi meeting

February 17 2025 | TW News Correspondent

The Hong Kong shares of Baidu (9888.HK), opens new tab plunged on Monday, wiping $2.4 billion off its market value, after the founder of the Chinese search engine giant was not spotted at a rare meeting betwee...
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South Korea aims to secure 10,000 GPUs for national AI computing centre

February 17 2025 | TW News Correspondent

South Korea on Monday announced plans to secure 10,000 high-performance graphics processing units (GPUs) within this year in a bid to keep pace as the global AI race escalates.

"As competition for dominance in the AI industry intensifies, the competitive landscape is shifting from battles between companies to a full-scale rivalry between n...
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New downloads of DeepSeek suspended in South Korea

February 17 2025 | TW News Correspondent

South Korea's data protection authority on Monday said new downloads of the Chinese AI app DeepSeek had been suspended in the country after DeepSeek acknowledged failing to take into account some of the agency's rules on protectin...
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Meta plans investments into AI-driven humanoid robots, memo shows

February 16 2025 | TW News Correspondent

 

Meta Platforms (META.O), opens new tab is establishing a new division within its Reality Labs unit to develop AI-powered humanoid robots that can assist with physical tasks, according to an internal company memo viewed by Reuters on Friday.

Facebook parent Meta is entering the competitive field of humanoid r...
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Apple aims to bring AI features and spatial content app to Vision Pro, Bloomberg reports

February 16 2025 | TW News Correspondent

Apple (AAPL.O), opens new tab is planning to add Apple Intelligence to its Vision Pro headset, along with an updated mode for guest users and a spatial content app as early as April, Bloomberg News reported on Saturday.

The company plans to roll out the features as part of a software upgrade and they could be available in...
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Elon Musk says xAI's Grok 3 chatbot to be unveiled on Monday

February 16 2025 | TW News Correspondent

Billionaire Elon Musk said on Saturday that his xAI's artificial intelligence chatbot and ChatGPT challenger Grok 3 would be released with a live demo at 8 p.m. Pacific time on Monday (0400 GMT on...
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X Agrees to Pay $10 Million in Settlement Over Trump Lawsuit

February 13 2025 | TW News Correspondent

Social media platform X, formerly known as Twitter and owned by Elon Musk, has agreed to pay $10 million in damages in a lawsuit filed by former U.S. Pre...
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Adobe Unveils Firefly Video Model to Rival AI Video Tools

February 13 2025 | TW News Correspondent

Adobe has introduced an AI-powered video generation tool called Firefly Video Model, aiming to compete with OpenAI’s Sora and startup Runway, according to a report by Reuters.

The AI model is designed to integrate with Adobe’s Premiere Pro software, assisting filmmakers and television producers in enhancing and refining video content. Unlike other AI tool...
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OpenAI's board has not received Musk's takeover bid, source says

February 12 2025 | TW News Correspondent

OpenAI's board has not yet received a formal bid from an Elon Musk-led consortium, although a lawyer for the billionaire said the offer had been sent to OpenAI's outside counsel.

A day after Musk pub...
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