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Meta lashes Australia bid to make tech giants pay for news
Meta lashes Australia bid to make tech giants pay for news In new draft laws, social media companies, including Meta, Google and TikTok will first be given a chance to strike content deals with local news publishers, and if they refuse, will face a compulsory levy that amounts to 2.25 per cent of their Australian revenue. Tech giant Meta on Thursday (Jun 4) attacked Australia's "grossly unfair" bid to make social media companies pay for news, saying it is vehemently opposed to the draft...
Pentagon labels tech giant Alibaba and electric car maker BYD as aiding Chinese military
Pentagon labels tech giant Alibaba and electric car maker BYD as aiding Chinese military The Pentagon has added several prominent Chinese businesses to its list of Chinese military companies - Bookmark The Pentagon has added several prominent Chinese businesses, including the tech giant Alibaba, electric car maker BYD and search engine Baidu, to its list of Chinese military companies, preventing them from getting U.S. defense contracts. The list, updated and published Monday by the Pentagon,...
Pentagon blacklists China tech giants as US competition expands
The Pentagon added tech giants Alibaba and Baidu and carmaker BYD to a blacklist of Chinese companies with military ties amid widening competition between the world’s two largest economies. Drug maker WuXi AppTec, robot company Unitree and carmaker Nio were among other businesses added to the 1260H list, according to a US Department of Defence notice. Some Chinese companies no longer operating in the United States were removed in the annual update.
Tech giant OpenAI files for US initial public offering
Tech giant OpenAI files for US initial public offering OpenAI did not disclose the size or terms of the offering, and said a timeline has not yet been determined. ChatGPT-maker OpenAI has confidentially filed for a United States initial public offering (IPO), joining rival Anthropic in a push towards the stock market as investors seek exposure to the artificial intelligence boom. OpenAI did not disclose the size or terms of the offering.
AI demand, earnings optimism lift tech giants' market value in May
AI demand, earnings optimism lift tech giants' market value in May June 2 : The world's most valuable technology companies with the exception of Alphabet added billions of dollars in market value in May, as upbeat earnings outlooks and strong demand for AI chips fuelled a rally in their shares. Apple, memory chipmakers Micron Technology, Samsung Electronics and SK Hynix led the gains, adding $598 billion, $512 billion, $481 billion and $377 billion, respectively, in market value. Their...
Meta hits out at Labor's plan to make tech giants pay for news
Meta hits out at Labor's plan to make tech giants pay for news Thu 4 Jun 2026 at 12:22pm In short: Meta, the parent company of Facebook and Instagram, has criticised Labor's proposed Media Bargaining Incentive. The plan would see large digital platforms taxed up to 2.25 per cent of Australian revenue unless they strike deals to pay for local journalism. The draft laws will be introduced into parliament later this year.
US says BYD, Baidu, Alibaba and other tech giants are aiding China's military
US says BYD, Baidu, Alibaba and other tech giants are aiding China's military WASHINGTON: The US on Monday (Jun 8) added Chinese e-commerce giant Alibaba, internet search provider Baidu and automaker BYD to a list of companies it believes are aiding Beijing's military, in a move that could inflame tensions between the countries. The long-awaited update supersedes a list from early 2025, and comes less than a month after President Donald Trump met China's Xi Jinping on a visit to Beijing,...
Amazon unveils latest warehouse robot as tech giants continue AI layoffs
Amazon has unveiled its latest warehouse robot that can take commands in conversational language, underscoring how AI-powered automation is advancing as companies continue to slash their corporate workforce in AI-driven efficiencies. The tech giant's next-generation Proteus is an autonomous mobile robot, which is designed to understand natural language commands from workers and transport items in warehouses. It was launched at the company's Delivering the Future event in London on Thursday.
Tech giants warn AI safety gaps could hand bioweapons to bad actors
Synthetic DNA can be used for vaccines, but it can also create bioweapons. Tech giants and biotechnology experts are asking for stronger regulation.
How US immigration policy change may 'trouble' Apple, Google, OpenAI & other tech giants
The AI race between the US and China has entered a new phase, shifting from a battle over microchips to a war for top artificial intelligence (AI) talent. Tightening US immigration policies appears to be stinging Silicon Valley as top American tech giants, including Apple, Google, OpenAI and Microsoft, face a trend of brilliant Chinese scientists increasingly opting to return home, taking Washington’s ambitious AI visions back to Beijing. For years, American tech hubs held a massive...