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BUSINESS

  • NVIDIA’s Huge Step in Vietnam: AI, Data Centers, and a Healthcare Acquisition NVIDIA plans to expand in Vietnam with a new AI R&D center and data center, marking a significant milestone for both parties.
  • Apple Struggles with AI Integration in China, iPhone 16 Features at Risk AI features for iPhone 16 may face delays in China due to challenges adapting Baidu's model for local users.
  • Cryptocurrency Exchanges Hit $10 Trillion in November Trading, Setting New Records Cryptocurrency exchanges saw record $10 trillion in trading volumes in November, driven by bullish trends and U.S. election optimism.
  • Russian Aluminum Imports to South Korea Jump 35% in Just One Month South Korea's Russian aluminum imports hit a 12-year high, driven by rising domestic demand and global supply chain shifts.
  • Elon Musk’s $101 Billion Compensation Deal in Jeopardy After Court Ruling Elon Musk's $56 billion compensation plan faces legal challenges as a court deems it inappropriate amidst rising CEO pay controversies.
  • Mattel Sued Over Shocking Adult Website Link on Kids’ Doll Packaging Mattel faces a lawsuit after a children's doll linked to an adult website, causing emotional distress for a mother and her daughter.
  • NVIDIA’s $3.3 Trillion Market Value Crashes—Apple Takes the Lead NVIDIA's stock fell over 4%, losing its title as the most valuable company amid U.S. export control concerns on China.
  • Starbucks Faces Growing Pains in China: Could a Stake Sale to Local Firms Help Revive Growth? Starbucks is exploring options, including selling its stake in China, to improve performance with local partners.
  • Samsung's Lee Jae Yong Makes Fortune's '100 Most Powerful People in Business' List—Here’s Who Else Made It Lee Jae Yong ranks 85th on Fortune's "100 Most Powerful People in Business," highlighting his leadership amidst industry challenges.
  • Tesla vs. Rivian: Settlement Reached After Claims of Stolen Trade Secrets Tesla and Rivian have settled a four-year lawsuit over alleged trade secret theft, with a dismissal likely by December 24.
  • China Steals America's Top AI Talent: Is Silicon Valley Losing Its Edge? China is rapidly becoming a global AI hub, attracting top talent and fostering startups, supported by major tech firms and the government.
  • China’s Plan to Outmaneuver US Restrictions in Chip Manufacturing China's semiconductor industry is rapidly growing, focusing on self-sufficiency, with production capacity expected to rise significantly.
  • Taiwan’s AI Strategy: Is $3 Billion Enough to Rival China’s Dominance? Taiwan plans to invest $1 billion annually in AI to diversify its economy and reduce reliance on China, enhancing national security.
  • Bezos Denies Telling Musk to Sell Tesla & SpaceX Shares: The Epic Feud Continues Bezos denies urging the sale of Tesla and SpaceX shares amid Musk's claims, highlighting their rivalry and stock market fluctuations.
  • Judge in Shanghai Calls Cryptos 'Commodities,' But Cautions Against Speculation and Crime Judge Sun Jie clarifies that cryptocurrency is legal in China as a commodity but warns against its speculative and illicit uses.
  • U.S. Faces $3.4 Billion Economic Loss as China Tightens Control Over Essential Tech Minerals U.S. faces $3.4 billion loss from China's export ban on gallium and germanium, critical for semiconductors amid escalating tech conflict.
  • New Crypto Mining Ban Hits Russia: Full Restrictions for Key Areas Due to Power Shortages Russia imposes new cryptocurrency mining restrictions due to power shortages, banning mining in several regions from Dec 1 through 2031.
  • Huawei’s Struggle to Keep Up: U.S. Sanctions Threaten China’s Semiconductor Ambitions Huawei faces challenges in chip production due to U.S. sanctions, risking its semiconductor ambitions and technological progress.
  • NVIDIA's Explosive Growth: 94% Revenue Jump and a $19.3 Billion Profit NVIDIA reports a 94% revenue surge, driven by AI chip demand, while facing competition and regulatory scrutiny in the market.
  • Bitcoin at $93K and Climbing: Is the $100K Mark Just Around the Corner? Bitcoin approaches $100,000 amid strong institutional adoption, but experts warn of potential volatility and a possible blow-off top.
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