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Apple’s decision to lower App Store commission fees in mainland China is expected to provide a modest but meaningful boost to the profitability of leading gaming firms Tencent and NetEase, according to Morningstar. The iPhone maker said it would reduce fees on in-app purchases and paid transactions to 25% from 30%, effective Sunday. The move… Continue reading Apple fee cut to boost Tencent, NetEase margins in China, analysts say

Samsung Electronics and AMD have deepened their long-standing partnership with a new agreement focused on artificial intelligence infrastructure, as global demand for high-performance data centre systems accelerates. The memorandum of understanding was signed at Samsung’s semiconductor campus in Pyeongtaek, South Korea, during a visit by AMD chief executive Lisa Su, alongside Samsung Electronics vice-chairman and… Continue reading Samsung, AMD expand AI chip ties: here’s why it matters

Meta-owned artificial intelligence start-up Manus has introduced a desktop application that moves its AI agent beyond the cloud and directly onto personal computers. The launch shifts how autonomous agents operate, allowing them to interact with files, apps, and workflows stored locally on user devices. Until now, Manus’ general-purpose agent functioned through a web interface, executing… Continue reading Meta’s Manus drops desktop AI: is this the end of cloud-only agents?

Chinese AI stocks are surging on Wednesday after Nvidia CEO Jensen Huang gave investors exactly the kind of signal they were waiting for. Huang publicly endorsed OpenClaw at Nvidia’s flagship event, marking a big signal from one of AI’s most influential chip leaders. Stocks like MiniMax and Zhipu surged more than 20% on Wednesday as… Continue reading Why Chinese stocks are surging over Nvidia CEO’s OpenClaw endorsement

Microsoft is considering legal action against Amazon and OpenAI over a multibillion-dollar agreement that could reshape how advanced artificial intelligence is delivered to businesses. At the centre of the dispute is a reported $50 billion deal tied to OpenAI’s new commercial product, Frontier. The issue raises questions about whether Amazon Web Services can distribute OpenAI’s… Continue reading Microsoft vs Amazon on OpenAI deal: what’s really at stake here?

Asian markets opened broadly higher on Wednesday, extending the rebound from the brutal previous week as investors took their cue from another positive session on Wall Street. The MSCI Asia-Pacific ex-Japan index rose about 0.8% at the open and is trading 1.7% up at press time, marking its third straight day of gains. Oil prices dipped… Continue reading Asian markets climb as oil dips, Fed decision keeps traders cautious

US stocks ended higher on Tuesday, extending gains from the previous session as investors weighed rising oil prices, geopolitical tensions in the Middle East, and the start of the Federal Reserve’s two-day policy meeting. The S&P 500 rose 0.25% to close at 6,716.09, while the Nasdaq Composite gained 0.47% to 22,479.53. The Dow Jones Industrial… Continue reading Dow Jones rises as oil above $103, Fed meeting in focus