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AI boom sparks rally, frenzy and fear

AI boom sparks rally, frenzy and fear LONDON, June 10 : An AI boom has driven stock markets to record highs, big tech firms are piling hundreds of billions of dollars into new tech, while consumers, workers and businesses are grappling with existential questions unleashed by the likes of ChatGPT and Claude. Some analysts say Artificial Intelligence will boost productivity and make businesses more profitable.

Channel News Asia 3h ago

Commentary: China has become a tech superpower, so why is its economy slowing?

Commentary: China has become a tech superpower, so why is its economy slowing? China cannot keep boosting only one part of the economic growth equation, says public policy professor Donald Low. HONG KONG: For a country that still ranks as middle-income, that China leads the world in many of the industries of the future is nothing short of remarkable.

Channel News Asia 7d ago

Chinese EV makers recover in May but competition remains fierce amid overcapacity woes

Chinese EV makers recover in May but competition remains fierce amid overcapacity woes Consumer willingness to embrace new tech, along with cash subsidies from local governments, gave the EV sector a much-needed boost Sales of electric vehicles (EVs) in China recovered on solid footing in May, as new models fitted with higher-performance batteries and more advanced driver assistance systems drew consumers amid intensified competition. Although top performers last month have shored up EV...

South China Morning Post 9d ago

Trump wants to ‘manage’ China trade. Businesses see a tariff opening.

President Donald Trump says he wants to create a new “board of trade” to manage commerce with China. Business groups aren’t sure exactly how it would work, but they know they want to get in on the action. K Street lobbyists are growing increasingly optimistic that the administration’s vague proposal for a body to oversee trade with China, an idea first teased by U.S. Trade Representative Jamieson Greer in March, could evolve into a major channel for tariff relief between the world’s two...

Politico EU 11d ago

Investors bet humanoid robots will transform industry and homes over the next decade

Softbank CEO Masayoshi Son told CNBC this week that physical AI and robotics were where he saw the next trillion-dollar company emerging from. Humanoid robots, designed to mimic human movement and capabilities, have been hitting headlines in recent years, from their use as baggage handlers at Japanese airports to Tesla's big bet on its Optimus humanoid. Market watchers have predicted that the machines will change the world over the next decade and forecast that the industry will grow...

CNBC 7d ago

Flush With Cash From OpenAI, Opal Is Making an AI-Powered Audio Gadget

A small San Francisco startup known for making well-appointed, beautifully designed webcams is now vying to become the AI hardware company of the moment. Opal Camera is rebranding to Opal Electronics and will expand its product portfolio beyond webcams to a broad range of consumer devices, some of which will be AI-focused. It aims to emulate Sony Electronics as a wide-ranging consumer gadget brand by focusing on design and culture, not just tech.

Wired 8d ago

The Do’s and Don’ts of Buying Used Tech Gadgets

With a shortage of some components driving up costs of consumer electronics, refurbished devices are an attractive alternative to buying new.

NYT Technology 6d ago

Exploding rockets and exploding hardware prices make for a lousy new normal

It was explosive news week – if you're the price of a popular-but-aging piece of consumer gaming hardware or a Jeff Bezos rocket. This week on The Kettle, Brandon Vigliarolo is joined by Reg reporters Richard Speed and Dan Robinson to talk about the Steam Deck's 40+ percent price hike and what it means for the ongoing memory and storage shortage. Sure, it's just consumer hardware, but it's the latest in a line of price hikes justified in the name of AI and geopolitics – and it could spell...

The Register 9d ago