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Employees work on the assembly line of new energy vehicles at a factory of Chinese EV startup Leapmotor on April 1, 2024 in Jinhua, Zhejiang Province of China. Shi Kuanbing | VCG | Visual China Group | Getty Images Shares of auto giants fell sharply on Monday, after U.S. President Donald Trump imposed long-threatened tariffs…
Jaque Silva | Nurphoto | Getty Images SoftBank has committed to spending $3 billion per year for itself and its subsidiaries to use OpenAI’s tech, according to a joint announcement on Monday. The two also announced a new joint venture, billed as “SB OpenAI Japan,” which will market OpenAI’s enterprise tech exclusively to major companies…
Markets around the world braced for volatile trading on Monday as investors began to assess the potential fallout from President Trump’s announcement of tariffs on Mexico, Canada and China. On Monday, markets in Japan and South Korea were more than 2 percent lower. The Taiwan Stock Exchange weighted index slumped around 4 percent. Overnight trading…
The sell-off that hit the biggest technology companies in the United States at the start of the week abated on Tuesday, with some of the hardest-hit shares finding their feet. Shares in tech companies, especially those propelled by the profit-making potential of artificial intelligence, fell on Monday after the Chinese A.I. company DeepSeek said it…
Nasdaq futures slumped and technology shares slid in Japan on Monday as surging popularity of a Chinese discount artificial intelligence model wobbled investors’ faith in the profitability of AI and the sector’s voracious demand for high-tech chips. Nasdaq 100 futures were down 2.6% and S&P 500 futures slipped 1.4% by the European morning, and shares…
Listen to article Meta has begun testing advertisements on its microblogging platform, Threads, as the company looks to explore new revenue streams. The move comes after the platform’s year-and-a-half existence as one of Meta’s few ad-free services. In a statement, Adam Mosseri, head of Instagram, confirmed that the test would start with a select group of users…
Yuko Mohri thought she knew what the Japanese government wanted from its artists: something conservative and quiet. It certainly wasn’t a renegade punk rocker with a penchant for moldy fruits. “It started out as a joke,” she said during a recent interview in her Tokyo studio. She was explaining how memories of a school science…
In a number of ways, Japan’s economy seems to have gone back in time. Inflation and wage growth are mostly back where they were in the early 1990s, just before the spiral of price deflation and economic stagnation that became known as “the lost decades.” That prompted the Bank of Japan on Friday to raise…
Microsoft on Tuesday said it has changed some key terms of a deal with OpenAI after the ChatGPT creator announced a joint venture with Oracle and Japan’s SoftBank Group to build up to $500 billion of new AI data centres in the United States. President Donald Trump gathered the leaders of the “Stargate” effort at…
US Secretary of State Marco Rubio (2R) stands alongside Indo-Pacific Quad ministers, L-R, Japanese Foreign Minister Iwaya Takeshi, Indian Foreign Minister Subrahmanyam Jaishankar and Australian Foreign Minister Penny Wong, during a photo opportunity before meetings at the State Department in Washington, DC, on January 21, 2025. Andrew Caballero-reynolds | Afp | Getty Images The United…
