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Katie Forster in Tokyo AFP

China blocks Meta's acquisition of AI firm Manus

China blocks Meta's acquisition of AI firm Manus

China has blocked Meta's acquisition of AI startup Manus, the top economic planning body said Monday, after a regulatory review that reportedly also saw Beijing restrict two co-founders from leaving the country. Facebook owner Meta had agreed to acquire Manus, an artificial intelligence agent created by a

Chip giant SK hynix posts record quarterly profit on AI boom

Chip giant SK hynix posts record quarterly profit on AI boom

Chip giant SK hynix said Thursday that net profit soared almost 400 percent to a record high in the first quarter thanks to the artificial intelligence boom, which helped it shrug off concerns that the Middle East war could hit the semiconductor industry. Huge investments from governments and major technology

AI demand drives chipmaker TSMC's net profit to fresh record

AI demand drives chipmaker TSMC's net profit to fresh record

Taiwanese chip maker TSMC said Thursday its net profit surged to a fresh record in the first quarter, fuelled by the global artificial intelligence race despite the war in the Middle East. Massive demand for AI hardware means business is booming for TSMC -- the biggest contract maker of microchips used

China tech giant Tencent bets on AI agents

China tech giant Tencent bets on AI agents

Tencent wants to bring artificial intelligence agents into its WeChat social media app, the Chinese tech firm's president said on Wednesday, a move that could change how hundreds of millions of users interact with the platform in the Asian nation and beyond. Agents -- programmes that execute real-life

Where AI lives: Southeast Asia's data centre boom

Where AI lives: Southeast Asia's data centre boom

Nonstop buzzing fills a windowless Microsoft data centre near Jakarta, part of a tech construction boom sweeping Southeast Asia that promises economic opportunities but is also hungry for resources. As demand for artificial intelligence heats up, technology giants are racing to invest billions of dollars in the region, attracted by