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All articles tagged with #technology sector

White House freezes tech green cards, probes elite universities over visa use
policy-and-immigration4 days ago

White House freezes tech green cards, probes elite universities over visa use

The Trump administration has launched a dual crackdown on international talent, suspending green card applications for eight major tech firms and investigating nine universities for alleged misuse of J-1 exchange visas. While officials claim these moves protect American wages, critics argue the actions contradict the administration’s reliance on immigrant innovation and threaten U.S. competitiveness in research and technology.

via Los Angeles Times|
#higher-education#immigration-policy#labor-market
October Opens with Tech Gains, Oil Spike, and Bond Yield Volatility
markets12 days ago

October Opens with Tech Gains, Oil Spike, and Bond Yield Volatility

U.S. stock markets began October with modest gains, led by technology, while oil prices spiked on reports of a U.S. carrier deployment to the Middle East. Treasury yields hit multi-decade highs before retreating, and Federal Reserve officials signaled caution on future rate hikes. Earnings from Accenture and Micron drove notable stock moves, and jobless claims remained low.

via CNBC|
#federal-reserve#markets#oil-prices
Trump-Xi State Dinner Showcases US Tech Power Amid Greenland Security Shift
politics17 days ago

Trump-Xi State Dinner Showcases US Tech Power Amid Greenland Security Shift

President Trump hosted Chinese President Xi Jinping for a three-day state visit, culminating in a White House dinner attended by 134 guests, including top US tech CEOs. The event highlighted US dominance in AI and technology while occurring shortly after a new US-Greenland security agreement that restricts Chinese military and investment access in the Arctic.

via Fox News|
#artificial-intelligence#greenland-security#politics
Alibaba to Raise HK$80 Billion to Accelerate AI Push
technology1 month ago

Alibaba to Raise HK$80 Billion to Accelerate AI Push

Alibaba plans an HK$80bn (about $10.2bn) share placement, with 100% of net proceeds earmarked for expanding its full‑stack AI capabilities and infrastructure, capitalizing on buoyant Chinese markets even as it posts a June quarter free cash outflow of $6.6bn and a 75% drop in net profit as AI spending rises. The move follows a wave of AI-related enthusiasm—including the Qwen 3.8‑Max model, CXMT IPO, and Unitree Robotics—while Alibaba navigates US regulatory pressure, including the Pentagon blacklist and ongoing tech‑policy talks ahead of a U.S.–China summit.

via Financial Times|
#alibaba#artificial-intelligence#asia-pacific
ECB Warns US Tech Slump Could Jeopardize Eurozone Stability
economy1 month ago

ECB Warns US Tech Slump Could Jeopardize Eurozone Stability

ECB researchers warn that a correction in US technology stocks could threaten euro-area financial stability, given European exposure to US tech equities and the historically linked performance of US and European markets. They note that AI-driven booms can inflate valuations and risk premia, so a US tech downturn could become a eurozone stability issue even if AI proves transformative, especially if broader market instability accompanies the slide.

via Financial Times|
#artificial-intelligence#economy#eurozone-economy
Meta’s AI gamble rattles investors as forecast misses
technology2 months ago

Meta’s AI gamble rattles investors as forecast misses

Meta Platforms shares fell about 6% after hours as Q2 revenue rose to $60.8B (up 28%), but its Q3 forecast of $61-64B and net income of $15.8B (vs. $18.5B est) disappointed amid a 55% surge in costs as Mark Zuckerberg presses ahead with massive AI infrastructure, including data centers and the TBD Lab/Muse Spark; 2026 capex guidance is now $130-145B, with ongoing monetisation and cloud ambitions to bolster future returns.

via Financial Times|
#artificial-intelligence#corporate-earnings-and-results#meta-platforms
Khanna: Trump-era policy worsened US chip shortage
us-politics-and-policy2 months ago

Khanna: Trump-era policy worsened US chip shortage

Ro Khanna, the top Democrat on the House China committee, says the Trump administration undermined Biden-era Chips Act incentives to boost U.S. memory-chip manufacturing, risking higher consumer electronics prices and greater reliance on Chinese suppliers like CXMT, which the Pentagon has blacklisted over alleged military ties. Apple is lobbying for clearance to buy CXMT chips amid AI-driven demand, while Khanna seeks clarity on funding under the act that could be delayed or withheld.

via Financial Times|
#china#semiconductors#technology-sector
Tesla profits dive as discounts and fading credits dent results
business2 months ago

Tesla profits dive as discounts and fading credits dent results

Tesla’s Q2 profit fell 17% to $1.2B as heavy discounting to boost EV demand weighed on margins, and revenue from regulatory credits collapsed to $146M from $439M. Automotive margin excluding credits came in at 16.3%, below expectations, with US demand hampered after the loss of a $7,500 tax credit. The company is accelerating a pivot to semiconductors, autonomous taxis and humanoid robots, boosting capex by 142% to $5.79B and posting a quarterly cash burn of $1.1B despite record deliveries of 480,126 and revenue rising 26% to $28.2B. Musk signaled 2026 capex above $25B as AI and chip initiatives expand.

via Financial Times|
#business#corporate-earnings-and-results#electric-vehicles
Shenzhen’s robotaxis push stirs worry among taxi drivers
technology3 months ago

Shenzhen’s robotaxis push stirs worry among taxi drivers

Shenzhen is expanding robotaxis to promote autonomous mobility, in a saturated taxi market with about 400,000 licensed drivers earning roughly 13 fares a day; July rules will enable robotaxi tests citywide as operators like Pony.ai and Baidu run pilots, raising concerns among drivers that automation could replace or erode livelihoods even as robotaxis may eventually supplement human drivers in China’s gig economy amid policy aims to address an ageing workforce and a manufacturing shift.

via Financial Times|
#chinese-employment#driverless-vehicles#gig-economy
Robot deliveries could replace 700,000 JD.com couriers, says founder
technology3 months ago

Robot deliveries could replace 700,000 JD.com couriers, says founder

JD.com founder Richard Liu warned that rapid automation could eventually replace about 700,000 delivery workers, as the company trains couriers for robot maintenance and runs pilot programs (e.g., airport delivery robots and robot restocking). The comments highlight policymakers’ worries about gig workers amid China’s push on robotics in its five-year plan, with youth unemployment rising and debates over social protections for platform workers.

via Financial Times|
#chinese-economy#employment#gig-economy
Coupang faces historic data-breach penalty as Korea tightens tech oversight
technology4 months ago

Coupang faces historic data-breach penalty as Korea tightens tech oversight

South Korea fined Coupang 624.6 billion won ($409 million) for a data breach that exposed the personal information of roughly two-thirds of the population, the largest such penalty in the country; authorities said security controls were lax and response was delayed, triggering leadership changes and fueling broader debates over US-Korea tech regulation.

via Financial Times|
#asia-pacific-companies#coupang#data-protection