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Tencent Holdings has begun letting users shop on Alibaba Group Holding's Taobao e-commerce platform directly through its WeChat app, in another landmark deal aimed at tearing down the digital walls separating two of China's biggest internet giants. WeChat users can now open Taobao links and complete purchases within the Tencent multipurpose app, according to checks by the South China Morning Post on Wednesday. When users buy or add a product to their shopping cart, they are asked to link their W
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A judge on Monday ruled against Google in its battle against Epic Games. Experts told BI the ruling shows how antitrust law has turned on Big Tech.
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A federal judge ruled Monday that Google must open the Play Store to rival third-party Android app stores. U.S. District Judge James Donato ordered the tech giant to allow for the distribution of third-party app stores and platforms through its own Android app store for a period of three years. The ruling marks a…
The U.S. Department of Justice is considering asking a federal judge to break up Google after its ubiquitous search engine was declared an illegal monopoly, but it is just one of many possible remedies under review, according to a court filing.
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"To expect an accelerated smartphone replacement cycle now due to AI is premature," analysts led by Edison Lee wrote.
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Not so for Samsung Electronics which accompanied its profit forecast on Tuesday with an apology. Samsung stock fell 1.2% in local trading on the Korea Exchange on Tuesday after its profit forecast for the third quarter fell short of expectations. “Today, Samsung Electronics management would like to apologize to you first,” Jun Young-hyun, the newly appointed head of the company’s chip business, said in a public letter.
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STORY: Samsung Electronics had an apology for investors on Tuesday. The tech giant announced that its third-quarter profit would be lower than expected.It said sorry for falling behind rivals in providing high-end chips to Nvidia in the booming AI market.The South Korean firm said delays with a major AI chip customer, and increased competition from Chinese chipmakers led to a drop in its semiconductor earnings.It all highlights the challenges for Samsung, which faces increasing rivalry in both regular and advanced silicon.The world’s largest maker of memory chips, smartphones and TVs estimated a profit of just under $6.8 billion for the three months till the end of September - well below expectations. One analyst said that the numbers were a "shock", and looked unlikely to improve soon.Samsung’s slow entry into the AI chip market has made it more reliant on lower-margin chips, increasing its vulnerability to Chinese competition and waning demand for smartphones and PCs.High-margin AI server chips are helping the chip market recover, but Samsung is lagging local rival SK Hynix in supplying such products to Nvidia.Samsung shares are down over 20% this year, and dropped another 1% or so following Tuesday's news.