McDonald’s scraps AI pilot after order mix-ups go viral
Fast food giant pulls plug on AI-powered voice-ordering at about 100 outlets after viral videos of order mishaps.
Category Archives: Economy
Nvidia becomes world’s most valuable company, dethroning Microsoft
Chip giant's market capitalisation hits $3.335 trillion as stock price continues its stellar rise.
Why Microsoft, OpenAI and Nvidia are facing anti-monopoly probes
US Justice Department and Federal Trade Commission are seeking to root out anti-competitive practices in field of AI.
For China’s booming EV industry, US and EU markets a tough nut to crack
Chinese EVs are facing a slew of tariffs in Western markets as policymakers fear local brands cannot compete on price.
Malaysia handed back $156m in stolen 1MDB funds, US embassy says
US ambassador says returned assets can be used for original purpose of bettering the lives of everyday Malaysians.
‘I love you guys!’: Elon Musk lands $44.9bn pay deal after Tesla vote
Musk hails 'awesome shareholder base' after vote to restore compensation deal rejected by US judge.
X starts hiding ‘likes’ on users’ posts
Social media platform says change will better protect users' privacy.
US expands Russia sanctions, targeting entities in China, UAE and Turkey
Washington's latest sanctions announcement comes as US President Joe Biden attends the G7 summit in Italy.
Former SpaceX workers file suit alleging harassment, wrongful termination
Eight former engineers accuse CEO Elon Musk of overseeing a 'pervasively sexist culture' at the rocket company.
Denmark says Korean instant noodles too spicy to eat safely
Danish Veterinary and Food Administration recalls Samyang instant noodles over ‘acute poisoning’ risk.
Johnson & Johnson to pay $700m to settle claims it misled consumers
Pharmaceutical giant's payout settles allegations it misled consumers about safety of its talcum-based powder products.
US stock market hits new record ahead of interest rates decision
S&P 500 gains 0.3 percent ahead of US Federal Reserve’s latest decision on interest rates.
Vietnam tycoon sentenced to death could face new charges, state media says
Truong My Lan accused of illegally transferring $4.5bn in latest development in country’s biggest-ever fraud case.
Boeing CEO to front US Senate amid safety crisis
Outgoing CEO Dave Calhoun’s slated appearance comes after whistleblowers alleged problems in production of aircraft.
Nvidia overtakes Apple to become world’s second-most valuable company
Chipmaker's market capitalisation passes $3 trillion after latest rally in stock price.
Malaysia’s chip industry falls in the crosshairs of US sanctions on Russia
Kuala Lumpur-based Jatronics has been accused of supplying parts needed to sustain Moscow's war in Ukraine.
China’s volunteer programmers work in the shadows to keep the internet free
Open-source platforms such as V2Ray are gaining popularity amid Beijing's crackdown on commercial VPNs.
Google announces $2bn investment in Malaysia, as gov’t hails 26,500 jobs
Tech giant says investment in Southeast Asian country will 'pave the way for delivering the transformative power of AI'.
China lifts ban on Australian beef exporters in the latest sign of thaw
Move follows lifting of restrictions on imports of Australian wine, coal, timber and barley.
Melinda French Gates says she’s donating $1bn in support of women, families
Philanthropist says it is 'frustrating' that some believe it is not the right time to discus gender equality.