TikTok on Tuesday labeled as "pure fiction" a report that China is exploring a potential sale of the video-sharing platform's US operations to billionaire Elon Musk as the firm faces an American law requiring imminent Chinese divestment.

The communications minister has vowed to finish drafting a regulation on artificial intelligence in the next three months as Indonesia continues to navigate its policy stance on the advanced technology taking the world by storm.

Chinese officials are exploring a potential sale of US TikTok operations to billionaire Elon Musk as the video-sharing platform faces an American law requiring imminent Chinese divestment, Bloomberg News reported Monday.

Virtual products will remain available to buyers, such as electricity bills, taxes and digital gold vouchers, while physical products like home accessories, fashion and electronics are only available until Feb. 9.   

China and Hong Kong combined accounted for 61.6 percent of Korean semiconductor exports in 2020, but by the end of 2024, that figure had dropped to 51.7 percent, according to data from the Korea International Trade Association.

The Google funds were transferred to the Canadian Journalism Collective, a non-profit set up to distribute the money, a spokesperson for the tech giant confirmed.

The OJK plans to issue a new regulation on BNPL services that requires users to be over 18 and have a monthly income of at least Rp 3 million in a bid to control the popular payment method and protect consumers against falling into a debt spiral.

Failing to develop supporting infrastructure and regulations, as well as nurturing local talent, could cause Indonesia to be sidelined in the global AI boom, multiple surveys show, while experts caution about taking a balanced approach to mitigate related risks.

Conversational artificial intelligence (AI) tools may soon "covertly influence" users' decision making in a new commercial frontier called the "intention economy", University of Cambridge researchers warned in a paper published Monday.

In a blog post, the company said it plans to restructure as a PBC, which "requires the company to balance shareholder interests, stakeholder interests, and a public benefit interest in its decision making."

The Italian Data Protection Authority (GPDP) watchdog began an investigation in March 2023 when it temporarily blocked ChatGPT in Italy over privacy concerns, becoming the first Western country to take action against the popular AI chatbot.

Bootstrapping is the process of founding or running a company using one’s personal finances or the firm’s own operating revenue.

The AI Journey international conference on artificial intelligence in Moscow unveiled the recent developments in AI, with learning machines more widely used, unconfined to industry and business.

US President-elect Donald Trump on Monday praised Japan's SoftBank for its decision to invest $100 billion in the United States and create 100,000 new jobs, a big win for his incoming administration.

Indonesia is playing hardball to get Apple to fulfill its obligations, including on local content and investment, before it green-lights sales of the iPhone 16 series in Southeast Asia’s largest economy.

President Joe Biden's administration has finalized a series of subsidies, including a $7.86 billion award for Intel, $6.6 billion for Taiwan Semiconductor Manufacturing Co's US unit and $1.5 billion for GlobalFoundries.

The country is planning to add nuclear power to the national energy mix through a small-scale nuclear power plant, targeted to start operating by 2032, as part of its energy transition to fulfill its net-zero commitment.

It was carefully crafted to deal only with control by a foreign adversary, and it was part of a broader effort to counter a well-substantiated national security threat posed by the PRC [People's Republic of China]," the appeals court argued.

The BRIC grouping of major emerging economies initially included Brazil, Russia, India and China, and has since expanded to take in other countries. 

The cryptocurrency soared through the mark to a peak of $103,800, having enjoyed a blistering rally since the November 5 election of Trump, who pledged on the campaign trail to make the United States the "bitcoin and cryptocurrency capital of the world".

The tech giant has published a website notice alerting all users of an impending billing increase as a result of the planned VAT hike to 12 percent starting in January 2025, preempting the government's formal decision on the matter expected next week.

Energy and Mineral Resources Minister Bahlil Lahadalia said on Nov. 27 that the government would only provide subsidized fuel to vehicles with yellow license plates, the plates used for public transportation and trucks. 

Among the materials banned from export are metals gallium, antimony and germanium, Beijing's commerce ministry said in a statement that cited "national security" concerns.

Google and Facebook-owner Meta Platforms urged the Australian government on Tuesday to delay a bill that will ban most forms of social media for children under 16, saying more time was needed to assess its potential impact.

Chinese tech giant Huawei will on Tuesday launch its first smartphone equipped with a fully homegrown operating system, a key test in the firm's fight to challenge the dominance of Western juggernauts.

Both GoTo and Grab charge the government-recommended flat rate of Rp 15,000 (94 US cents) per meal and integrate digital platforms to facilitate orders daily.

On Wednesday, the US Department of Justice submitted its recommendation for the breakup to US District Court Judge Amit Mehta, who is set to impose steps next year to address Google's monopoly power in online search.

"The age of AI has started. A new computing era that will impact every industry and every field of science," the CEO said.

The country’s GMV is projected to grow by 13 percent to US$90 billion by the end of the year after previously expanding by only 6 percent last year.

The US-based Nvidia Corporation has become a powerhouse in AI development by leveraging its advanced graphics processing unit (GPU) technology, initially developed for gaming, as a foundation for data-intensive AI processing.