Technology

Meta reduces stock options for staff despite trading at record highs

Meta Platforms (META.O) has cut back on its annual distribution of stock options by about 10% for tens of thousands of employees despite the social media giant trading at record
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Apple reveals first custom modem chip, shifting away from Qualcomm

Apple (AAPL.O) on Wednesday revealed its first custom-designed modem chip that will help connect iPhones to wireless data networks, a move that will make the company less reliant on chips
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Hong Kong issues nine digital asset platform licenses

Hong Kong’s financial secretary Paul Chan on Wednesday said the city’s regulators have issued nine digital asset platform licenses, adding that more approvals are in the pipeline.The government is also
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Russia fines Google for YouTube clip telling Russian troops how to surrender

A Russian court has fined Alphabet’s (GOOGL.O) Google 3.8 million rubles ($41,530) for hosting content on YouTube that included videos instructing Russian soldiers how to surrender, Russia’s TASS news agency
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Tencent’s messaging app Weixin launches beta testing with DeepSeek

Tencent said its Weixin app’s search function is beta testing access to DeepSeek, a major move by the country’s dominant messaging app as firms race to link up with China’s
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Meta plans investments into AI-driven humanoid robots

Meta Platforms (META.O) is establishing a new division within its Reality Labs unit to develop AI-powered humanoid robots that can assist with physical tasks, according to an internal company memo
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OpenAI board rejects Musk’s 97.4bn dollars offer

OpenAI on Friday rejected a $97.4 billion bid from a consortium led by billionaire Elon Musk for the ChatGPT maker, saying the startup is not for sale and that any
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Meta to show rival ads providers on Marketplace after EU antitrust fine

Meta Platforms (META.O) will allow rival classified ads service providers to post listings of their ads on Facebook Marketplace, the company said on Thursday, three months after it was hit
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OpenAI says Musk’s takeover bid contradicts his lawsuit against it

Billionaire Elon Musk’s bid to buy OpenAI, which wants to be a for-profit entity, clashes with his lawsuit arguing that assets of the ChatGPT maker should not be for private
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India, France sign declaration for modular nuclear reactor partnership

NEW DELHI (Reuters) – India and France have signed a declaration of intent to collaborate on modern and small modular nuclear reactors, India’s foreign ministry said on Wednesday during Prime
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