A student is playing chess with an intelligent robot in Xuzhou City, Jiangsu Province, China on May 13, 2025. Cfoto | Future Publishing | Getty ImagesBEIJING — China’s latest education policies for the year restrict the extent to which children can use generative artificial intelligence in the classroom, according to a local government report on Thursday.The guidelines cited in the report, which weren’t publicly available, covered AI education and generative AI use in primary and secondary schools during 2025.China’s Ministry of Education did not immediately respond to a request for comment.Primary school students are prohibited from using unrestricted generative AI…
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Emerging artificial intelligence opportunities could push Cisco higher, according to Wells Fargo. Analyst Aaron Rakers upgraded the technology stock to overweight from equal weight. He also lifted his his price target to $75 from $72, signaling 22% upside. Rakers pointed to accelerating AI momentum and diversification for the company as one driver for his rating change. Exiting its fiscal third quarter, Cisco already managed to surpass its $1 billion cumulative order target for the fiscal year. With this, the company could continue to diversify into other AI opportunities, such as large-scale sovereign AI opportunities and long-term traditional enterprise adoption. “We…
A Foot Locker store in New York, US, on Monday, May 27, 2024. Foot Locker Inc. is scheduled to release earnings figures on May 30.Bloomberg | Bloomberg | Getty ImagesDick’s Sporting Goods has agreed to buy smaller rival Foot Locker for $2.4 billion, the companies said on Thursday.Shares of Foot Locker surged 75% to $22.50 premarket after the announcement, while Dick’s Sporting fell 9%.The sporting goods retailer has offered $24 per share of Foot Locker, representing an 86% premium to the stock’s last close. Foot Locker has lost about 40% of its value so far this year.The deal follows a…
Johann Wadephul (CDU), Federal Foreign Minister, makes a statement during an informal meeting of NATO foreign ministers.Sebastian Gollnow/picture alliance via Getty ImagesGermany is backing U.S. President Donald Trump’s call to increase the defense spending target of NATO members to 5% of their individual gross domestic product, German Foreign Minister Johann Wadephul said Thursday.When asked about NATO chief Mark Rutte’s reported proposal that members of the alliance should increase defense spending to 3.5% of GDP while committing an additional 1.5% to wider security-related matters, Wadephul said he believed this suggestion had been coordinated — including with the U.S. — and that…
Artwork for Ubisoft’s upcoming “Assassin’s Creed Shadows” game.John Keeble | Getty ImagesShares of Ubisoft sank 18% on Thursday after the French video game firm reported full-year earnings that disappointed investors.Ubisoft reported a 20.5% drop in net bookings for the fiscal year ending March 31, 2025, as a strong performance of the company’s latest “Assassin’s Creed” game did little to boost its full-year sales. “Assassin’s Creed: Shadows” was released in March following two consecutive delays.Ubisoft cited “lower than expected partnerships” for the decline in net bookings, which totalled 1.85 billion euros ($2.1 billion). The company also reported an operating loss of…
The Alibaba office building in Nanjing, Jiangsu province, China, on Aug. 28, 2024.CFOTO | Future Publishing | Getty ImagesAlibaba shares fell on Thursday after the Chinese e-commerce giant missed earnings expectations for its fiscal fourth quarter on both the top and bottom line.Shares were down 5% in premarket trade in the U.S. at 6:02 a.m. ET.Here’s how Alibaba did in its fiscal fourth quarter ended March versus LSEG estimates:Revenue: 236.5 billion Chinese yuan ($32.6 Billion), versus 237.2 billion yuan expectedNet income: 12.4 billion yuan, compared 24.7 billion expected.While falling short of analyst expectations, revenue was nevertheless up 7% year-on-year.Alibaba’s net…
An Iranian national flag flies at the Persian Gulf Star Co. (PGSPC) gas condensate refinery in Bandar Abbas, Iran, on Jan. 9. 2019.Ali Mohammadi | Bloomberg | Getty ImagesOil prices fell sharply on Thursday on expectations that the U.S. and Iran may soon reach a deal over Tehran’s nuclear program.International benchmark Brent crude futures with July expiry were last seen trading 3.7% lower at $63.65 a barrel, while U.S. West Texas Intermediate futures stood at $60.66, down nearly 4% for the session.Speaking in Doha, Qatar during his Middle East trip, U.S. President Donald Trump said the U.S. was getting close…
Donald Trump speaks alongside Apple CEO Tim Cook (L) during the first meeting of the American Workforce Policy Advisory Board in the State Dining Room of the White House in Washington, DC, March 6, 2019.Saul Loeb | AFP | Getty ImagesU.S. President Donald Trump on Thursday said he told Apple CEO Tim Cook that he doesn’t want the tech giant to build its products in India, taking shots at the company’s moves to diversify production away from China and urging him to pivot Stateside.”I had a little problem with Tim Cook yesterday,” Trump said. “I said to him, ‘my friend,…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, shares of eToro soared in the crypto and stock trading platform’s Nasdaq debut. Plus, Johann Kerbrat, the general manager of Robinhood Crypto, discusses the company’s new deal with a Canadian crypto firm from Consensus 2025. And, Jose Fernandez da Ponte, general manager of the blockchain, crypto and digital currencies team at PayPal, discusses the company’s stablecoin PYUSD.14:54Wed, May 14 20253:47 PM EDT Source link
In this photo illustration, a Foxconn logo is seen displayed on a smartphone.Sopa Images | Lightrocket | Getty ImagesFoxconn, the world’s largest contract electronics manufacturer, has received approval from the Indian government to build a semiconductor plant in a joint venture with HCL Group, drawing an investment of 37.06 billion rupees ($433 million). The plant, which will be built in India’s northern state of Uttar Pradesh, will be operational by 2027, Ashwini Vaishnaw, India’s information minister, said in a cabinet briefing on Wednesday. Vaishnaw said the facility will manufacture Foxconn’s display driver chips, which are used in mobile phones, laptops, automobiles, PCs,…
