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Big Tech’s $635b AI spending faces energy shock test, S&P Global says

Euphoria over AI ‌had ⁠carried global stock indexes beyond the highs of 2025, but has lost steam since A view of data center servers. PHOTO:PIXABAY Massive investments in artificial intelligence that underpinned record runs in equities face a major hurdle as the Middle East ​crisis clouds prospects for growth and energy costs, said Melissa ‌Otto, … Read more

Australia readies social media court action citing teen ban breaches

ESafety Commissioner probes Meta, Google, Snapchat, TikTok over suspected breaches of world-first ban The move comes as Meta, ByteDance’s TikTok and YouTube face hundreds of lawsuits filed on behalf of children and school districts about the addictive nature of social media. PHOTO: PEXELS Australia threatened on Tuesday to sue social media giants for allegedly flouting … Read more

China’s DeepSeek AI chatbot suffers longest outage since viral rise in early 2025

DeepSeek’s status website showed that the chatbot suffered a ‘major outage’ lasting 7 hours, 13 minutes BEIJING: China’s popular DeepSeek artificial intelligence chatbot suffered its longest outage on Monday since the rise of its flagship R1 and V3 models early last year. DeepSeek’s status website showed that the chatbot suffered a “major outage” lasting 7 … Read more

Sony to hike PlayStation 5 prices again as memory chip costs surge

AI boom drives memory makers to prioritise data-centre chips, squeezing supply for devices Prices of the PlayStation Portal remote player will also climb to $249.99 from $199.99.۔ PHOTO: PLAYSTATION WEBSITE Sony Group is raising global prices of its PlayStation 5 consoles, including a $100 increase in the United States, marking its second hike in less … Read more

China blasts ‘false’ news after report says chipmaker supplying Iran

China is a key partner of Iran but has not announced military assistance to Tehran in the war Chinese Foreign Ministry spokesperson Lin Jian attends a press conference in Beijing, China, on April 10, 2025. PHOTO: REUTERS China’s foreign ministry accused the media of publishing “false information” on Friday following a report that said the … Read more