Draft document outlining restrictions caused major stir as tech stocks tumbled, sent investors into a panic. Chinese authorities have said they may revise newly drafted online gaming rules shortly after the planned restrictions caused major tech companies to lose billions of dollars. State broadcaster CCTV reported on Saturday that the […]
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China’s internet giants order $5 bln of Nvidia chips to power AI ambitions -FT
The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. Courtesy NVIDIA/Handout via REUTERS Aug 9 (Reuters) – China’s internet giants are rushing to acquire high-performance Nvidia (NVDA.O) chips vital for building generative artificial intelligence systems, making orders worth $5 billion, the […]
‘Vegan Leather’: How Fashion Giants Recast Plastic as Good for the Planet
The index rates polyester as one of the world’s most sustainable fabrics, for example, using data on European polyester production provided by a plastics-industry group, although most of the world’s polyester is made in Asia, usually using a dirtier energy grid and under less stringent environmental rules. The Higg rating […]
Tech giants lost over $1 trillion in value in last three trading days
The world’s largest technology companies have shed over $1 trillion in value in just three trading sessions. Stocks at large have sold off since the Federal Reserve raised its benchmark interest rate on Wednesday, but technology has endured more pain than other sectors of the economy. Investors now have less […]