Apple’s smartphone sales in China fell 6% in the eight weeks leading up to the launch of the iPhone 17.The drop highlights the intense competition in the world’s largest smartphone market, where domestic brands like Vivo, Xiaomi, Oppo, and Huawei hold larger market shares. Overall, China’s smartphone market contracted 2%…

China has banned its major tech firms from buying Nvidia’s AI chips, tightening its grip on sensitive technology imports amid rising tensions with the US, as per an FT report.Nvidia’s advanced products, including the RTX Pro 6000D and H20 models, were gaining lots of attention from Chinese firms eager to…

Bitfarms stock price has gone parabolic in the past few days, soaring to a high of $2.90, its highest level since July last year and 350% above its lowest level this year. This surge has brought its market capitalization to over $1.6 billion.Bitfarms stock price analysis The daily timeframe chart shows…

Asian equity markets ended on a mixed note on Wednesday as investors looked ahead to the Federal Reserve’s interest-rate decision later in the day, with a 25-basis-point cut widely anticipated and already priced in.China and Hong Kong stocks lead gainsChina’s Shanghai Composite Index advanced 0.37% to close at 3,876.34 after…

Shares of Workday rose by more than 5.5% to $231.24 in premarket trading on Tuesday after activist investor Elliott Management disclosed it had built a stake of more than $2 billion in the human resources software provider.Elliott, one of the world’s most influential activist investors, said it viewed Workday as…

Investors in India are holding onto their used gold jewelry and coins, anticipating further price increases despite recent record highs. This has led to a scarcity of these items in the market, as many are reluctant to sell, expecting bullion prices to continue their upward trend.In stark contrast to March, when…

Nvidia shares slipped over 1% in pre-market trading after the Financial Times reported that China’s internet regulator has banned the country’s biggest technology companies from buying its artificial intelligence chips.The move adds to ongoing pressure on the stock, which has been weighed down by regulatory scrutiny. China’s State Administration for…

Large language models have been widely adopted since their launch, but new research shows how much they are being embedded into everyday routines.A working paper released this week by the National Bureau of Economic Research, led by OpenAI’s Economic Research team and Harvard economist David Deming, analysed 1.5 million ChatGPT…