https://www.scmp.com/rss/521944/feed Oracle is a global technology company headquartered in Austin, Texas, with plans to move its world headquarters to Nashville, Tennessee. A leading entity in the enterprise software and cloud computing sectors, Oracle specialises in database management systems, cloud infrastructure (OCI), and a comprehensive suite of business applications including ERP, HCM, and CRM software. It primarily serves large enterprises and SMEs worldwide, providing robust, scalable, and customised solutions. Oracle is... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Agence France-Presse Agence France-Presse Iran’s Revolutionary Guards said on Tuesday that they would target leading US technology firms like Apple, Google and Meta if more Iranian leaders were killed in “targeted assassinations”. “These companies, starting from 8pm Tehran time on Wednesday, April 1, should expect the destruction of their relevant units in exchange for every assassination in Iran,” the Guards said in a statement listing the names of 18 companies it alleged were complicit in the killing of officials. “We advise the... https://www.scmp.com/news/world/middle-east/article/3348585/iran-says-will-target-apple-google-and-meta-if-more-its-leaders-are-killed?utm_source=rss_feed https://www.scmp.com/news/world/middle-east/article/3348585/iran-says-will-target-apple-google-and-meta-if-more-its-leaders-are-killed?utm_source=rss_feed Tue, 31 Mar 2026 17:23:28 +0000 Reuters Reuters US President Donald Trump appointed Meta Platforms CEO Mark Zuckerberg, Oracle Executive Chairman Larry Ellison and Nvidia CEO Jensen Huang to a council that will weigh ‌in on AI policy and other issues, the White House said on Wednesday. Google co-founder Sergey Brin and AMD CEO Lisa Su are also part of the initial batch of 13 members from the industry named to the President’s Council of Advisors on Science and Technology (PCAST). Trump ⁠has made securing US leadership in artificial... https://www.scmp.com/news/world/united-states-canada/article/3347903/trump-names-ceos-meta-nvidia-13-member-science-and-tech-council?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3347903/trump-names-ceos-meta-nvidia-13-member-science-and-tech-council?utm_source=rss_feed Wed, 25 Mar 2026 14:22:02 +0000 Alex Lo Alex Lo There is no artificial intelligence (AI) race to dominate the technology except in the minds of America’s billionaire tech bros and the ruling elites in Washington. Unfortunately, the global news media often uncritically adopt this dog-eat-dog narrative, including sometimes this newspaper. Now, I am not denying the intense competition between China and the United States in AI and other major industries of the 21st century. I am, however, claiming that competition is basically an end in itself... https://www.scmp.com/opinion/article/3346675/humane-chinese-ai-versus-dog-eat-dog-american-ai?utm_source=rss_feed https://www.scmp.com/opinion/article/3346675/humane-chinese-ai-versus-dog-eat-dog-american-ai?utm_source=rss_feed Sun, 15 Mar 2026 14:30:08 +0000 Iman Muttaqin Yusof Iman Muttaqin Yusof Southeast Asia is facing a growing cyber spillover risk from the widening US-Israel war with Iran, with security experts warning that state-linked hackers and criminal groups are seeking to exploit turmoil around energy, shipping and banking networks to hit targets far beyond the Middle East. The assessment comes as Iran said it would target economic and banking interests linked to the United States and Israel in the region after an attack on an Iranian bank, while the United Arab Emirates said... https://www.scmp.com/week-asia/economics/article/3346342/southeast-asia-faces-spillover-cyber-risk-iran-war-blast-radius-widens?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3346342/southeast-asia-faces-spillover-cyber-risk-iran-war-blast-radius-widens?utm_source=rss_feed Thu, 12 Mar 2026 09:00:12 +0000 Agence France-Presse Agence France-Presse Paramount Skydance, run by pro-Trump technology heir David Ellison, was poised to take control of Warner Bros. Discovery after Netflix said it would not raise its takeover offer, ending one of the biggest media bidding wars in a generation. The deal puts a constellation of media properties - from CNN to Nickelodeon to HBO - under the control of the family led by Oracle tycoon and White House ally Larry Ellison. Netflix said it was “declining to match” Paramount’s latest offer after the Warner... https://www.scmp.com/news/world/united-states-canada/article/3344795/netflix-abandons-warner-bros-bid-clearing-way-paramount?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3344795/netflix-abandons-warner-bros-bid-clearing-way-paramount?utm_source=rss_feed Fri, 27 Feb 2026 00:35:17 +0000 Bochen Han Bochen Han TikTok and its Chinese parent ByteDance announced on Thursday the official creation of a new US venture – TikTok USDS Joint Venture – to operate the short video app used by 200 million Americans. The deal, the culmination of years of legal and political uncertainty, is part of the effort to comply with a 2024 US law that aimed to push ByteDance to divest TikTok to address national security concerns over the app’s links to Beijing. Without a divestment, the app would have faced a nationwide... https://www.scmp.com/news/china/article/3341074/who-are-owners-new-tiktok-us-entity?utm_source=rss_feed https://www.scmp.com/news/china/article/3341074/who-are-owners-new-tiktok-us-entity?utm_source=rss_feed Fri, 23 Jan 2026 22:02:59 +0000 Coco Feng Coco Feng TikTok has officially launched a US joint venture tasked with “safeguarding the American content ecosystem”, with commercial activities such as e-commerce, advertising and marketing remaining under the company’s existing US entities. The arrangement has been widely compared with Apple’s 2018 move to transfer mainland Chinese iCloud user data to Guizhou-Cloud Big Data (GCBD), according to Chinese media. GCBD is a project owned by the Guizhou provincial government-backed company AIPO Cloud... https://www.scmp.com/tech/policy/article/3340996/tiktok-us-joint-venture-seen-resembling-apples-china-icloud-deal?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3340996/tiktok-us-joint-venture-seen-resembling-apples-china-icloud-deal?utm_source=rss_feed Fri, 23 Jan 2026 14:00:09 +0000 Bochen Han Bochen Han TikTok and its Chinese owner ByteDance have officially established a venture to transfer parts of its US business to a consortium of mostly US investors, effectively securing the platform’s future for its 170 million American users. The company made the announcement on Thursday, hours ahead of a Friday shutdown deadline. The deal – first outlined by TikTok chief executive Chew Shou Zi in an internal memo last month – was set to close this week, though it had not previously received the formal... https://www.scmp.com/news/china/article/3340918/tiktok-confirms-deal-create-new-us-venture-averting-shutdown-few-hours?utm_source=rss_feed https://www.scmp.com/news/china/article/3340918/tiktok-confirms-deal-create-new-us-venture-averting-shutdown-few-hours?utm_source=rss_feed Fri, 23 Jan 2026 01:55:36 +0000 Jun Yu Chan Jun Yu Chan As US-China tensions increasingly reshape global business, an old dynamic is re-emerging with the return of the middleman. Multinational firms that once prized direct control are again turning to local partners to navigate political rifts and commercial barriers. The pattern echoes an older era: the same reliance on middlemen that once moved tea and porcelain through old Canton now underpins how TikTok, McDonald’s and Starbucks navigate a divided global economy. Under the Canton system, overseas... https://www.scmp.com/opinion/china-opinion/article/3339722/tea-tiktok-middlemans-return-reshaping-china-trade?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3339722/tea-tiktok-middlemans-return-reshaping-china-trade?utm_source=rss_feed Fri, 16 Jan 2026 01:30:08 +0000 Reuters Reuters Nvidia CEO Jensen Huang said on Monday that the company’s next generation of chips is in “full production”, saying they can deliver five times the artificial intelligence computing of the company’s previous chips when serving up chatbots and other AI apps. In a speech at the Consumer Electronics Show in Las Vegas, the leader of the world’s most valuable company revealed new details about its chips, which will arrive later this year and which Nvidia executives told Reuters are already in the... https://www.scmp.com/tech/big-tech/article/3338845/nvidia-ceo-huang-says-next-generation-chips-full-production?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3338845/nvidia-ceo-huang-says-next-generation-chips-full-production?utm_source=rss_feed Tue, 06 Jan 2026 02:51:23 +0000 Zhang Zhipeng Zhang Zhipeng US President Donald Trump last month signed an executive order for the “Genesis Mission”, a national campaign to use artificial intelligence (AI) to boost scientific breakthroughs. In the opening section, the mission is explicitly described as “comparable in urgency and ambition to the Manhattan Project”. The comparison is compelling, but also misleading. At first glance, the order evokes the image of America in the 1940s, muscular and confident, mobilising the whole nation to end World War II.... https://www.scmp.com/opinion/world-opinion/article/3337800/likening-trumps-ai-mission-manhattan-project-sadly-mistaken?utm_source=rss_feed https://www.scmp.com/opinion/world-opinion/article/3337800/likening-trumps-ai-mission-manhattan-project-sadly-mistaken?utm_source=rss_feed Sun, 28 Dec 2025 08:30:07 +0000 Coco Feng Coco Feng The Chinese commerce ministry’s latest remarks on the TikTok deal in the US signalled acceptance rather than approval, as Beijing “hopes” the arrangement will comply with Chinese laws and strike a balance between rival interests, analysts say. The Chinese Ministry of Commerce, which oversees trade and export controls, declared its position a week after TikTok announced the formation of a joint venture, controlled by a consortium of American investors, that would take over its operations in the... https://www.scmp.com/tech/big-tech/article/3337819/chinas-stance-tiktok-deal-not-green-light-no-strings-attached-analysts-say?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3337819/chinas-stance-tiktok-deal-not-green-light-no-strings-attached-analysts-say?utm_source=rss_feed Fri, 26 Dec 2025 12:00:09 +0000 Agence France-Presse Agence France-Presse Oracle tech tycoon Larry Ellison is offering a US$40.4 billion personal guarantee to back Paramount’s hostile bid for Warner Bros Discovery, deepening a bidding war with Netflix, a statement said on Monday. The amended proposal, worth a total US$108 billion from the company run by Ellison’s son David, addresses concerns raised by Warner Bros’ board, which saw the Paramount bid as too risky and asked shareholders to accept a competing buyout offer from Netflix. Netflix shocked the industry on... https://www.scmp.com/news/world/united-states-canada/article/3337388/paramount-vs-netflix-ellison-guarantees-us40-billion-sons-warner-bros-bid?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3337388/paramount-vs-netflix-ellison-guarantees-us40-billion-sons-warner-bros-bid?utm_source=rss_feed Mon, 22 Dec 2025 16:00:10 +0000 Zhou Xin,Coco Feng Zhou Xin,Coco Feng China’s ByteDance, owner of TikTok, has seen its valuation surge to US$500 billion on the private market as it advances a survival plan in the US, up sharply from US$400 billion earlier this year, according to two sources. With the deadline for a sell-or-ban law looming, TikTok CEO Chew Shou Zi informed employees last week that the company had signed a binding agreement to divest its US entity into a joint venture controlled by American investors. “Investors are happy about the deal’s terms as... https://www.scmp.com/tech/big-tech/article/3337343/tiktok-owner-bytedances-valuation-hits-us500-billion-us-survival-plan-advances?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3337343/tiktok-owner-bytedances-valuation-hits-us500-billion-us-survival-plan-advances?utm_source=rss_feed Mon, 22 Dec 2025 13:00:13 +0000 SCMP Editorial SCMP Editorial The long-running saga of TikTok that has caused much friction and resentment between China and the United States may finally come to an end. A deal has been signed between the commercial parties and blessed by US President Donald Trump, though it’s unclear whether Chinese regulators have cleared it. What was supposed to be a forced sale on national security grounds is now a joint venture. In response to a question, Chinese Ministry of Foreign Affairs spokesman Guo Jiakun said the country’s... https://www.scmp.com/opinion/comment/article/3337208/tiktok-deal-could-show-way-forward-us-china-engagement?utm_source=rss_feed https://www.scmp.com/opinion/comment/article/3337208/tiktok-deal-could-show-way-forward-us-china-engagement?utm_source=rss_feed Sun, 21 Dec 2025 23:15:17 +0000 Wency Chen Wency Chen Beijing-based ByteDance has raised pay and sweetened incentives as the TikTok owner steps up efforts to retain and attract talent globally, as it makes progress on settling the future of its US business. In an internal letter released to all staff on Friday and seen by the Post, the social media giant said it would lift both the upper and lower limits of compensation packages for staff across all ranks. For its full-year 2025 performance cycle – with reviews starting on January 15, 2026 –... https://www.scmp.com/tech/article/3337174/bytedance-raises-pay-boosts-bonuses-retain-staff-amid-ai-talent-war?utm_source=rss_feed https://www.scmp.com/tech/article/3337174/bytedance-raises-pay-boosts-bonuses-retain-staff-amid-ai-talent-war?utm_source=rss_feed Sat, 20 Dec 2025 08:41:45 +0000 Zhang Shidong Zhang Shidong Hong Kong stocks traded sideways on Thursday, with technology stocks retreating on growing anxiety that a global boom in artificial intelligence could turn into a bubble. The Hang Seng Index edged up 0.1 per cent to 25,498.13 at the close. The Hang Seng Tech Index dropped 0.7 per cent. On the mainland, the CSI 300 Index slid 0.6 per cent and the Shanghai Composite Index added 0.2 per cent. Xiaomi, the Chinese smartphone and electric vehicle maker, tumbled 2.5 per cent to HK$40.20 and Pop Mart... https://www.scmp.com/business/china-business/article/3336845/hong-kong-stocks-resume-decline-tech-giants-stumble-ai-bubble-jitters?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3336845/hong-kong-stocks-resume-decline-tech-giants-stumble-ai-bubble-jitters?utm_source=rss_feed Thu, 18 Dec 2025 02:32:02 +0000 Reuters Reuters Cryptocurrencies tumbled on Thursday and bitcoin fell back below the US$90,000 threshold in a renewed signal of market jitters, as fresh concerns about artificial intelligence profits weighed on technology stocks. Risk sentiment turned sour after US cloud firm Oracle’s profit and revenue outlook missed forecasts and executives flagged higher spending – a sign that AI infrastructure outlays are not turning profits as quickly as investors had hoped. Bitcoin was last down 2.5 per cent at... https://www.scmp.com/tech/blockchain/article/3336042/bitcoin-drops-below-us90000-ai-worries-sour-risk-appetite?utm_source=rss_feed https://www.scmp.com/tech/blockchain/article/3336042/bitcoin-drops-below-us90000-ai-worries-sour-risk-appetite?utm_source=rss_feed Thu, 11 Dec 2025 08:03:27 +0000 Agence France-Presse Agence France-Presse In pursuit of the AI dream, the tech industry this year has plunked down about US$400 billion on specialised chips and data centres, but questions are mounting about the wisdom of such unprecedented levels of investment. At the heart of the doubts: overly optimistic estimates about how long these specialised chips will last before becoming obsolete. With persistent worries of an AI bubble and so much of the US economy now riding on the boom in artificial intelligence, analysts warn that the... https://www.scmp.com/tech/tech-trends/article/3335997/ais-us400-billion-problem-are-chips-getting-old-too-fast?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3335997/ais-us400-billion-problem-are-chips-getting-old-too-fast?utm_source=rss_feed Thu, 11 Dec 2025 03:46:32 +0000 Reuters Reuters Paramount Skydance on Monday launched a hostile bid worth US$108.4 billion for Warner Bros Discovery, in a last-ditch effort to outbid Netflix and create a media powerhouse that would challenge the dominance of the streaming giant. Netflix had emerged victorious on Friday from a weeks-long bidding war with Paramount and Comcast, securing a US$72 billion equity deal for Warner Bros Discovery’s TV, film studios and streaming assets. But Paramount’s latest attempt means the jockeying for Warner... https://www.scmp.com/news/world/united-states-canada/article/3335657/paramount-counters-netflix-us1084-billion-bid-warner-bros?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3335657/paramount-counters-netflix-us1084-billion-bid-warner-bros?utm_source=rss_feed Mon, 08 Dec 2025 15:07:02 +0000 Themis Qi Themis Qi British institutional investor L&G Asset Management is not perturbed by the rising debt issuance in the artificial intelligence sector, even as it sees opportunities in the equities of industry giants. Credit related to the AI sector could grow between US$500 billion and US$800 billion a year and reach nearly US$3 trillion by 2030, according to Ben Bennett, head of investment strategy in Asia at the asset management firm known for its active fixed income strategies. “We are defensive in terms of... https://www.scmp.com/business/banking-finance/article/3335546/lg-asset-sees-ai-equity-upside-despite-us3-trillion-debt-concerns?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3335546/lg-asset-sees-ai-equity-upside-despite-us3-trillion-debt-concerns?utm_source=rss_feed Mon, 08 Dec 2025 02:41:27 +0000 Bloomberg Bloomberg ByteDance’s TikTok will invest more than 200 billion reais (US$37.7 billion) to build a data centre in Brazil, marking its first project in Latin America. TikTok would partner with data centre developer Omnia and Casa dos Ventos, one of Brazil’s leading renewable energy providers, in a data centre in the northeastern state of Ceara, Monica Guise, head of public policy at TikTok Brazil, said on Wednesday. The project, which would be developed near the industrial port of Pecém, would fully rely on... https://www.scmp.com/tech/big-tech/article/3335129/bytedances-tiktok-invest-more-us37-billion-brazil-data-centre?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3335129/bytedances-tiktok-invest-more-us37-billion-brazil-data-centre?utm_source=rss_feed Thu, 04 Dec 2025 02:45:07 +0000 Reuters Reuters TikTok said Tuesday it had named former Boeing government affairs chief Ziad Ojakli as the short video app’s head of public policy for the Americas as it works to complete a deal to separate its US assets from its parent company. The move comes as TikTok’s Chinese owner ByteDance is working to sell about an 80 per cent stake in its US assets to a consortium of US and global investors to meet the national security requirements set out in a 2024 law. President Donald Trump signed an executive... https://www.scmp.com/tech/policy/article/3334164/tiktok-names-former-boeing-executive-us-public-policy-chief?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3334164/tiktok-names-former-boeing-executive-us-public-policy-chief?utm_source=rss_feed Wed, 26 Nov 2025 03:20:09 +0000 Agence France-Presse Agence France-Presse Taiwan’s Foxconn Technology Group and OpenAI on Friday announced an agreement to design and build artificial intelligence data centre hardware, the latest in a string of infrastructure deals for the US creator of ChatGPT. Foxconn, the world’s largest electronics contract manufacturer, has seen profits soar after shifting its focus from low-margin iPhone assembly to AI servers that are now in huge demand, as firms plough hundreds of billions of dollars into the technology. Optimism over AI has... https://www.scmp.com/tech/tech-trends/article/3333657/taiwans-foxconn-expands-ai-hardware-push-openai-deal?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3333657/taiwans-foxconn-expands-ai-hardware-push-openai-deal?utm_source=rss_feed Fri, 21 Nov 2025 06:52:44 +0000 Xinmei Shen Xinmei Shen Ant Group affiliate OceanBase has unveiled plans to strengthen its presence in Hong Kong, using the city as a base for overseas expansion to grow its share in the global database market dominated by US technology giant Oracle. The Chinese distributed database provider had designated Hong Kong as a “strategic hub” for its global expansion, following rapid growth in the city, as well as in Macau and the mainland, CEO Evan Yang said on Thursday. The move further solidified Hong Kong’s role as a hub... https://www.scmp.com/tech/big-tech/article/3331779/ant-group-affiliate-oceanbase-uses-hong-kong-hub-challenge-oracle?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3331779/ant-group-affiliate-oceanbase-uses-hong-kong-hub-challenge-oracle?utm_source=rss_feed Thu, 06 Nov 2025 09:00:30 +0000 Reuters Reuters OpenAI, Oracle and Related Digital will build a data centre campus of more than 1 gigawatt in Saline Township, Michigan, as part of their Stargate push to expand US artificial intelligence infrastructure capacity. The announcement made on Thursday underscores the AI industry’s surging appetite for computing power, driven by the pursuit of technology capable of matching or surpassing human intelligence. The companies said it was a multibillion-dollar investment, without disclosing the exact... https://www.scmp.com/tech/big-tech/article/3331000/openai-oracle-plan-1-gigawatt-stargate-data-centre-michigan-related-digital?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3331000/openai-oracle-plan-1-gigawatt-stargate-data-centre-michigan-related-digital?utm_source=rss_feed Fri, 31 Oct 2025 04:05:08 +0000 Sylvia Ma,Alice Li Sylvia Ma,Alice Li US President Donald Trump has said a final ownership deal on TikTok could be struck during an expected meeting with Chinese President Xi Jinping this week, a summit that would build on the latest round of trade talks between representatives of the world’s two largest economies in Malaysia. When asked whether he anticipated a concrete deal over Chinese firm ByteDance’s divestment of the American version of its short-video app – a persistent sticking point in bilateral relations – Trump said it... https://www.scmp.com/economy/global-economy/article/3330504/trump-hints-trade-deal-end-tiktok-saga-run-china-summit?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3330504/trump-hints-trade-deal-end-tiktok-saga-run-china-summit?utm_source=rss_feed Mon, 27 Oct 2025 14:00:26 +0000 Reuters Reuters A lobbying group whose board includes US firms such as Oracle, Amazon and Exxon Mobil is urging the Trump administration to immediately suspend a rule it says halted billions of dollars’ worth of US exports and will prompt China and other countries to drop US firms from their supply chains. In a letter addressed to US President Donald Trump and seen by Reuters, the National Foreign Trade Council takes aim at the so-called Affiliates Rule, which bars American companies from shipping goods and... https://www.scmp.com/news/world/united-states-canada/article/3329720/us-business-lobby-urges-trump-end-new-curbs-exports-china?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3329720/us-business-lobby-urges-trump-end-new-curbs-exports-china?utm_source=rss_feed Mon, 20 Oct 2025 19:58:47 +0000 Ralph Jennings Ralph Jennings A tentative deal for the management of Chinese short video app TikTok in the United States is facing new pressure after last week’s flare-up in trade tensions between Beijing and Washington, with analysts mixed in their assessment of the pact’s chances for survival. “It’s probably quite hard to see that [deal] happening under such an atmosphere,” said Gary Ng, senior Asia-Pacific economist at Natixis. “I don’t know whether it will collapse or go through … The biggest downside is the US could... https://www.scmp.com/economy/global-economy/article/3329137/us-china-tensions-back-upswing-tiktok-deal-risk?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3329137/us-china-tensions-back-upswing-tiktok-deal-risk?utm_source=rss_feed Wed, 15 Oct 2025 15:00:09 +0000 Agence France-Presse Agence France-Presse Wall Street stocks rebounded on Monday from steep pre-weekend falls as US President Donald Trump softened his posture on China following earlier threats of large tariffs. European stock markets made modest gains while Asia’s leading stock markets began the week in the red as they caught up with Wall Street’s sharp losses on Friday. Gold reached a fresh record high thanks to its status as a safe-haven investment. “Things have calmed down almost as dramatically as the flare up on Friday when... https://www.scmp.com/business/banking-finance/article/3328876/wall-street-stocks-bounce-trump-softens-posture-china-after-tariff-threats?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3328876/wall-street-stocks-bounce-trump-softens-posture-china-after-tariff-threats?utm_source=rss_feed Mon, 13 Oct 2025 22:40:17 +0000 Alex Lo Alex Lo It must have been quite an intellectual or spiritual comedown going from “the end of history” to “the decline of Western civilisation”. For a political writer who first made his name by claiming the final historical triumph of Western liberal democracy and free-market capitalism over all other economic and political systems, the decline of his own society – à la Oswald Spengler, who wrote The Decline of the West – seems to have occupied Francis Fukuyama greatly of late. I write this not in... https://www.scmp.com/opinion/world-opinion/article/3328325/how-fukuyama-goes-end-history-end-west?utm_source=rss_feed https://www.scmp.com/opinion/world-opinion/article/3328325/how-fukuyama-goes-end-history-end-west?utm_source=rss_feed Sat, 11 Oct 2025 01:30:08 +0000 Andy Xie Andy Xie The AI bubble is entering extra time by walling in money and sharing it among key players. As profitable firms plug money back into loss makers, the net cash requirement for the bubble circle is being minimised for the collective loss. The next step is for profitable companies to sell stocks to raise cash and pump it into loss makers. However, this extra time is likely to be measured in quarters, not years. It is possible that the US government will pump borrowed money into the bubble next,... https://www.scmp.com/opinion/world-opinion/article/3327497/why-clock-ticking-fed-fuelled-ai-bubble?utm_source=rss_feed https://www.scmp.com/opinion/world-opinion/article/3327497/why-clock-ticking-fed-fuelled-ai-bubble?utm_source=rss_feed Sat, 04 Oct 2025 21:30:07 +0000 Bloomberg Bloomberg OpenAI has completed a deal to help employees sell shares in the company at a US$500 billion valuation, propelling the ChatGPT creator past Elon Musk’s SpaceX to become the world’s largest start-up. Current and former OpenAI employees sold about US$6.6 billion of stock to investors including Thrive Capital, SoftBank Group Corp, Dragoneer Investment Group, Abu Dhabi’s MGX and T Rowe Price, a person familiar with the transaction said. That boosted San Francisco-based OpenAI’s price tag well past... https://www.scmp.com/tech/tech-trends/article/3327625/openai-valuation-reaches-us500-billion-vaults-past-spacex-worlds-largest-start?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3327625/openai-valuation-reaches-us500-billion-vaults-past-spacex-worlds-largest-start?utm_source=rss_feed Thu, 02 Oct 2025 08:16:31 +0000 Reuters Reuters Tesla CEO Elon Musk on Wednesday became the first person ever to achieve a net worth of US$500 billion, propelled by a rebound in the electric-vehicle company’s shares and surging valuations of his other start-ups this year. His net worth stood at US$500.1 billion as of 4.15pm US Eastern time, according to Forbes’ billionaires index. Musk’s fortunes are tied closely to Tesla, where he held a more than 12.4 per cent stake as of September 15. The stock has risen more than 14 per cent so far this... https://www.scmp.com/business/companies/article/3327568/teslas-elon-musk-becomes-first-person-hit-us500-billion-net-worth-forbes-list-shows?utm_source=rss_feed https://www.scmp.com/business/companies/article/3327568/teslas-elon-musk-becomes-first-person-hit-us500-billion-net-worth-forbes-list-shows?utm_source=rss_feed Thu, 02 Oct 2025 01:55:33 +0000 Khushboo Razdan Khushboo Razdan Beijing’s top US envoy on Monday presented China as a global leader in globalisation and multilateralism, taking a jibe at Washington for “closing doors” as the US under President Donald Trump imposes hefty unilateral tariffs on countries around the world and tightens its visa policies. Characterising China and the US as “two main builders of the post [second world war] international order”, and celebrating the economic relationship that grew once Washington reestablished official relations with... https://www.scmp.com/news/china/article/3327302/chinas-us-ambassador-chides-washington-closing-doors-enacting-tariffs?utm_source=rss_feed https://www.scmp.com/news/china/article/3327302/chinas-us-ambassador-chides-washington-closing-doors-enacting-tariffs?utm_source=rss_feed Mon, 29 Sep 2025 23:49:46 +0000 Angela Huyue Zhang Angela Huyue Zhang After four extensions of the statutory deadline to ban TikTok or force its Chinese owners to divest, US President Donald Trump has now signed an executive order transferring the app to US ownership. The announcement follows years of diplomatic sparring, bureaucratic manoeuvring, repeated efforts by federal and state governments to curtail the platform and even a ruling from the US Supreme Court. Has the fate of America’s most viral social media app finally been decided? Those expecting closure... https://www.scmp.com/opinion/world-opinion/article/3327128/why-trumps-tiktok-deal-will-be-music-chinas-ears?utm_source=rss_feed https://www.scmp.com/opinion/world-opinion/article/3327128/why-trumps-tiktok-deal-will-be-music-chinas-ears?utm_source=rss_feed Sun, 28 Sep 2025 05:09:35 +0000 Coco Feng Coco Feng Beijing-based ByteDance launched the international version of its short video app in 2017. TikTok soon became a global hit thanks to its advanced algorithm. This success, however, drew the attention of the US government and others, which raised concerns about data privacy and national security. After a rocky few years, TikTok seems ready to secure a permanent foothold in the US market via a deal that would see American investors control the US operations. The following timeline plots TikTok’s... https://www.scmp.com/business/article/3327039/tiktoks-tumultuous-journey-global-sensation-geopolitical-bargaining-chip?utm_source=rss_feed https://www.scmp.com/business/article/3327039/tiktoks-tumultuous-journey-global-sensation-geopolitical-bargaining-chip?utm_source=rss_feed Fri, 26 Sep 2025 12:00:15 +0000 Bochen Han Bochen Han US President Donald Trump on Thursday declared that a deal for TikTok satisfied the requirements of the US’ sale-or-ban law for the Chinese-owned short-video app, punctuating months of deliberations and years of angst in Washington over the app’s security implications. “I have determined that the proposed divestiture would allow the millions of Americans who enjoy TikTok every day to continue using it while also protecting national security,” Trump wrote in an executive order issued on... https://www.scmp.com/news/china/article/3326902/trump-signs-order-saying-tiktok-sale-meets-us-requirements?utm_source=rss_feed https://www.scmp.com/news/china/article/3326902/trump-signs-order-saying-tiktok-sale-meets-us-requirements?utm_source=rss_feed Thu, 25 Sep 2025 21:04:16 +0000 Bloomberg Bloomberg OpenAI plans to invest roughly US$400 billion to develop five new US data centre sites in partnership with Oracle and SoftBank Group, marking the biggest push yet to fulfil an earlier pledge to spend a half-trillion dollars on artificial intelligence infrastructure in the country. The new locations, spread across Texas, New Mexico and Ohio, will eventually have a capacity of 7 gigawatts of power, or as much as some cities, the companies said Tuesday. The plans were announced by executives from... https://www.scmp.com/tech/big-tech/article/3326619/openai-expands-stargate-five-new-data-centre-sites-across-us?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3326619/openai-expands-stargate-five-new-data-centre-sites-across-us?utm_source=rss_feed Wed, 24 Sep 2025 03:06:22 +0000 Reuters Reuters US President Donald Trump is expected to approve a deal for TikTok through an executive order, declaring that it satisfies the requirements of law later this week, the Wall Street Journal reported on Monday, citing a senior White House official. This would cap months of US-China deliberations that underscored wider trade talks and solidify the timeline for a much-awaited deal to keep the popular short video app running in the US. Trump has said that the United States and China have made progress... https://www.scmp.com/news/world/united-states-canada/article/3326412/trump-approve-us-china-tiktok-deal-week-executive-order-report?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3326412/trump-approve-us-china-tiktok-deal-week-executive-order-report?utm_source=rss_feed Mon, 22 Sep 2025 11:14:38 +0000 Associated Press Associated Press US President Donald Trump said prominent billionaires – including media mogul Rupert Murdoch and tech founder Michael Dell – could be part of a deal in which the United States will take control of US operations of TikTok. Trump name-dropped the 94-year-old Murdoch and his son Lachlan Murdoch, the head of Fox News and News Corp, as part of a group of possible participants in a deal during an interview recorded on Friday and broadcast on Sunday on Fox News. “I think they’re going to be in the... https://www.scmp.com/news/world/united-states-canada/article/3326320/fox-news-rupert-murdoch-tech-ceo-michael-dell-could-take-part-tiktok-deal-says-trump?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3326320/fox-news-rupert-murdoch-tech-ceo-michael-dell-could-take-part-tiktok-deal-says-trump?utm_source=rss_feed Sun, 21 Sep 2025 19:36:09 +0000 Frank Chen Frank Chen The White House claimed on Saturday that the US operations of TikTok will be spun off, its board will be mostly Americans and its algorithm will be controlled in the US, after President Donald Trump and his Chinese counterpart Xi Jinping discussed a deal for the short video platform in a phone call on Friday. The US unit of TikTok will be majority-owned and controlled by American investors under the deal to separate from its Chinese owner, ByteDance, White House Press Secretary Karoline Leavitt... https://www.scmp.com/news/world/united-states-canada/article/3326269/us-tiktok-deal-gives-americans-6-7-board-seats-white-house?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3326269/us-tiktok-deal-gives-americans-6-7-board-seats-white-house?utm_source=rss_feed Sat, 20 Sep 2025 15:13:23 +0000 Bloomberg Bloomberg Shares of chipmakers rose on Tuesday as the group posted its longest winning streak in almost eight years. The Philadelphia Stock Exchange Semiconductor Index rose 0.3 per cent in its ninth straight positive session, its longest such streak since 2017. The gauge has jumped 8.7 per cent over the period and is now up 22 per cent this year, beating the Nasdaq 100 Index’s almost 16 per cent gain. Among notable movers, ON Semiconductor jumped 3 per cent, Intel rose 2 per cent and Applied Materials... https://www.scmp.com/tech/tech-trends/article/3325800/chipmakers-post-longest-win-streak-2017-amid-ai-growth?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3325800/chipmakers-post-longest-win-streak-2017-amid-ai-growth?utm_source=rss_feed Wed, 17 Sep 2025 03:40:09 +0000 Todd G. Buchholz Todd G. Buchholz Ever since the Reagan boom of the 1980s, many elites outside the United States have been telling Americans that they have been hoodwinked – that cutting taxes and regulations is a reckless, unnecessary way to spur growth. Countries that provide generous childcare subsidies and wrap businesses in reams of red tape still enjoy equivalent incomes, the argument goes. So why put up with a rugged, muddy cowboy economy? Two reasons stand out. First, over the past 10 years, US income growth has left... https://www.scmp.com/opinion/world-opinion/article/3325463/why-world-still-free-riding-america?utm_source=rss_feed https://www.scmp.com/opinion/world-opinion/article/3325463/why-world-still-free-riding-america?utm_source=rss_feed Sun, 14 Sep 2025 06:30:09 +0000 Associated Press Associated Press The battle among billionaires for bragging rights as the world’s richest person got heated on Wednesday with the surprising surge of an old contender: Larry Ellison. In a stunning few minutes after markets opened, stock in Ellison’s Oracle rocketed more than a third, enough for him to temporarily wrest the title from its long-time holder Elon Musk and hand it to the software giant’s co-founder. But the stock market is fickle, and Musk was back on top by the end of the day, according to... https://www.scmp.com/tech/big-tech/article/3325121/larry-ellison-briefly-overtakes-elon-musk-worlds-richest-person-oracle-surges?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3325121/larry-ellison-briefly-overtakes-elon-musk-worlds-richest-person-oracle-surges?utm_source=rss_feed Thu, 11 Sep 2025 03:14:33 +0000 Bloomberg Bloomberg Oracle surged to a record high in extended trading after the company posted a major increase in bookings and gave an aggressive outlook for its cloud infrastructure business. Known for its database software, Oracle has recently found success in the competitive cloud computing market. Earlier this summer, it signed an unprecedented commitment with OpenAI for 4.5 gigawatts of data centre capacity – enough energy to power millions of American homes. It also counts companies such as ByteDance’s... https://www.scmp.com/tech/article/3324967/oracle-shares-surge-26-cloud-growth-and-openai-energy-deal?utm_source=rss_feed https://www.scmp.com/tech/article/3324967/oracle-shares-surge-26-cloud-growth-and-openai-energy-deal?utm_source=rss_feed Wed, 10 Sep 2025 02:22:01 +0000 Bloomberg Bloomberg OpenAI is considering eventually helping other businesses tap into the data centres and physical infrastructure needed for artificial intelligence, potentially creating a new revenue line that could offset some of the ChatGPT maker’s immense costs. The service would be loosely inspired by the success Amazon.com found renting out its spare cloud computing capacity to companies, OpenAI chief financial officer Sarah Friar said in an interview Wednesday. OpenAI was not “actively looking” at such an... https://www.scmp.com/tech/tech-trends/article/3322589/openai-finance-chief-sees-firm-selling-ai-data-centre-services-offset-chatgpt-costs?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3322589/openai-finance-chief-sees-firm-selling-ai-data-centre-services-offset-chatgpt-costs?utm_source=rss_feed Thu, 21 Aug 2025 04:00:08 +0000 Bloomberg Bloomberg SoftBank Group agreed to buy US$2 billion in Intel stock, a move that extends its US investment effort and offers a vote of confidence in the struggling chipmaker. SoftBank will pay US$23 a share for Intel ordinary share, according to a joint statement on Monday. The agreement, which the companies described as a move to “deepen their commitment” to US chip innovation, will be subject to customary closing conditions. Intel shares jumped about 5 per cent in late trading after the announcement.... https://www.scmp.com/tech/big-tech/article/3322296/japans-softbank-invest-us2-billion-intel-part-us-push?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3322296/japans-softbank-invest-us2-billion-intel-part-us-push?utm_source=rss_feed Tue, 19 Aug 2025 01:43:30 +0000 Bloomberg Bloomberg SoftBank Group Corp is building up stakes in Nvidia and Taiwan Semiconductor Manufacturing Co (TSMC), showing founder Masayoshi Son’s focus on the tools and hardware underpinning artificial intelligence. The Japanese technology investor raised its stake in Nvidia to about US$3 billion by the end of March, up from US$1 billion in the prior quarter, according to regulatory filings. It bought around US$330 million worth of TSMC shares and US$170 million in Oracle Corp, the filings show. That was... https://www.scmp.com/tech/big-tech/article/3320820/softbanks-growing-stakes-nvidia-tsmc-show-founder-masayoshi-sons-focus-ai-gear?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3320820/softbanks-growing-stakes-nvidia-tsmc-show-founder-masayoshi-sons-focus-ai-gear?utm_source=rss_feed Tue, 05 Aug 2025 09:07:48 +0000 Nicholas Spiro Nicholas Spiro Every quarter, MSCI publishes a ranking of the most actively traded cities in Asia’s commercial property investment market. As recently as 2022, the most widely traded metropolises included major capitals such as Tokyo and Seoul, as well as leading cities such as Shanghai and Sydney. Fast forward to 2024 and the ranking was more diverse. Chiba, the prefecture just east of Tokyo, and Osaka, Japan’s third-biggest city, were among the top 10 for the whole of last year. Moreover, in the first... https://www.scmp.com/opinion/asia-opinion/article/3320636/why-osaka-bengaluru-and-johor-are-overlooked-drivers-asia-property?utm_source=rss_feed https://www.scmp.com/opinion/asia-opinion/article/3320636/why-osaka-bengaluru-and-johor-are-overlooked-drivers-asia-property?utm_source=rss_feed Mon, 04 Aug 2025 08:30:09 +0000