On Thursday, in the midst of escalating Sino-U.S. animosity, South Korea reaffirmed support for its chip industry, with President Yoon Suk Yeol referring to the industry's competition as a "all-out war".   Yoon met with approximately 60 business executives, legislators, and ministers earlier...

Artificial intelligence-related stocks soared in extended session on Wednesday, increasing the market value by about $300 billion after chipmaker Nvidia Corp forecasted strong revenue growth and announced it was increasing production of its AI chips to keep up with rising demand.   After the...

As the world's semiconductor industry prepares for rising Sino-U.S. trade tensions, China's announcement on Sunday banning the use of some Micron Technology chips from the United States is a harsh reminder of the risks it faces.   China's action against Micron, the largest manufacturer of...

The situation on the bitcoin blockchain is getting hotter.   According to data from Glassnode, daily transactions have soared to an all-time high of 682,000 this month, over 40% higher than the previous peak in 2017. From 38% at the beginning of the year, Bitcoin's dominance, or its portion...

Some regulators are using outdated rules to maintain control over a technology that has the potential to fundamentally alter how societies and businesses function as the race to create more potent artificial intelligence services like ChatGPT accelerates.   With the rapid advancements in the...

Meta has been slapped with a record 1.2 billion euro ($1.3 billion) fine by the European Union's chief privacy regulator for its management of user information and given five months to halt transmitting customers' data to the United States.   According to a DPC statement issued on Monday,...

After a crucial vote on Thursday, European legislators moved one step closer to approving new laws governing artificial intelligence systems such as ChatGPT.   The widely anticipated AI Act of the European Union appears to be the world's first complete legislation regulating the technology,...

If legislation requiring internet companies to pay news publishers is implemented, Google and Meta would stop providing access to news items in Canada, company officials told Canadian parliamentarians on Wednesday.   As part of a larger worldwide trend to demand internet companies pay for...

Concerns about the future caused U.S. consumer confidence to decline to a nine-month low in April, increasing the likelihood that the economy could experience a recession this year.   The percentage of Americans who plan to purchase large household appliances over the next six months has...

After a long, chilly crypto winter, struggling bitcoin miners are now enjoying the warmth of spring.   The cryptocurrency's surge to above $30,000 this year, which worked in concert with lowering electricity prices to enhance their profitability, has provided a lifeline to the power-hungry...

The greatest auto market in the world, China's, is moving quickly toward an electric future, leaving major international companies in the backseat.   Car executives will return to a very different market from the one they left in 2021 when the industry assembled for a small event under...