Alibaba quarterly profit drops 75% as AI investment spending grows
HONG KONG (AP) — China’s technology giant Alibaba on Thursday reported a 75% drop in profit for the…
US futures nearly unchanged as AI-related stocks hit by heavy selling, oil prices rise
U.S. futures are flat as artificial intelligence-related stocks continue to sell off, while oil prices jetted higher again.…
South Korea’s Kospi index jumps more than 16%
BANGKOK (AP) — South Korea’s Kospi index jumped more than 16% on Friday, tracking Wall Street gains, as…
Asian shares mostly decline and South Korea’s Kospi drops 4.5%
HONG KONG (AP) — Asian shares were mostly lower on Monday and South Korea’s Kospi fell 4.5% as…
America In Focus: US inflation cooled in June, but AI build-out poses latest threat
The economy, inflation and how those forces could impact the lives of Americans were front and center over…
UKZN student to represent South Africa at international entrepreneurship competition
University of KwaZulu-Natal (UKZN) student Chwayita Momoza has been selected to represent South Africa at the Middle East,…
World shares slide following an AI-led retreat on Wall Street
BANGKOK (AP) — World shares were mostly lower on Friday, with Tokyo’s Nikkei 225 losing 4% as heavy…
Hundreds of economists say ‘we must act now’ on AI’s economic impact
SAN FRANCISCO (AP) — Hundreds of economists say in an open letter that institutions “must act now” to…
Massive AI buildout poses latest inflation threat as consumers pay more for laptops and electricity
WASHINGTON — American consumers — and the Federal Reserve — are being hit with another high-cost headache .…
ASUS Partners with Intel to Launch Advanced AI Lab In Oman
ASUS, in collaboration with Intel, announced the opening of a state-of-the-art Artificial Intelligence (AI) Lab at the Directorate-General…
Utah now lets AI refill prescriptions but doctors are wary
WASHINGTON (AP) — A prescription refill program that quietly launched in Utah earlier this year has kicked off…
Bereaved South Koreans try AI-generated videos of deceased loved ones
SEOUL, South Korea (AP) — When he wanted to give a gift to his father who sacrificed much…