Technology

BLOOMBERG Apple Inc Chief Executive Officer Tim Cook has scheduled a trip to open the iPhonemaker’s first stores in India next week, underscoring the company’s ambitions for the country as a growth market and manufacturing base. Cook is likely to preside over the opening of the twin outlets in India’s financial and political capital, people familiar with the matter said, ...

BLOOMBERG SenseTime Group Inc showed off a suite of new artificial-intelligence (AI) services developed with the company’s access to vast troves of data and deep computing power, including the latest Chinese challenger to AI phenom ChatGPT. Chief Executive Officer Xu Li took the stage to demonstrate the large AI model SenseNova and a user-facing chatbot called SenseChat. Xu, with help ...

BLOOMBERG Samsung Electronics Co is heading for its lowest profit since the global financial crisis, if not longer, due to a sharp slowdown in tech demand that triggered losses at its semiconductor division. The South Korean chipmaker, which reports preliminary results for the March quarter, is expected to say operating profit plummeted about 90% to 1.45 trillion won ($1.1 billion), ...

BLOOMBERG Apple Inc’s slowing growth and cash-rich balance sheet are again fuelling speculation that the world’s most valuable company should make a big acquisition. Entertainment giant Walt Disney Co joined a long list of potential acquisition targets that over the years has grown to include Netflix Inc, Tesla Inc, Peloton Interactive Inc. and Sonos Inc. They all have one thing ...

BLOOMBERG Apple Inc is eliminating a small number of roles within its corporate retail teams, according to people with knowledge of the matter, marking its first known internal job cuts since it embarked on a belt-tightening effort last year. The company is shedding positions in what it calls its development and preservation teams, said the people, who asked not to ...

BLOOMBERG ByteDance Ltd’s revenue surged more than 30% to surpass $80 billion in 2022, matching the tally at archrival Tencent Holdings Ltd after twin video platforms TikTok and Douyin drew eyeballs and advertisers from social media incumbents. The world’s most valuable private tech firm told its investors in a recent memo that revenue surged from around $60 billion in 2021, ...

BLOOMBERG China’s Foreign Minister Qin Gang urged Japan to refrain from supporting US efforts to suppress the Chinese semiconductor industry, while his counterpart pressed for the swift return of a Japanese citizen detained by Beijing. During a meeting with his Japanese counterpart Yoshimasa Hayashi in Beijing, Qin said a chip blockade will only strengthen Beijing’s resolve to achieve self-reliance, according ...

BLOOMBERG Alphabet Inc’s Google is launching a tool to make its advertising service more transparent, following rivals like Meta Platforms Inc and Twitter Inc that years ago released public, searchable archives of the ads that run on their digital platforms. “Transparency breeds trust with people and with our partners, and helps keep us accountable for the work we do,” Dan ...

BLOOMBERG An India appeals court upheld a fine of about $160 million slapped on Alphabet Inc’s Google by the country’s antitrust regulator, amid growing scrutiny over the company’s ambition to expand the global reach of its Android mobile operating system. Yet in a relief for Google, the court allowed some concessions to corrective measures the antitrust regulator had sought. The ...

BLOOMBERG Apple Inc Chief Executive Officer Tim Cook returned to China to attend the high-profile China Development Forum to celebrate the iPhonemaker’s ties to the region even as tensions grow between Beijing and Washington. Apple and China have grown together, Cook said during an onstage discussion on technology and education at the state-sponsored showcase. He highlighted the company’s concerns about ...