Amazon, Meta, Google and Microsoft's 'AI problem' reaches China

Investors are expressing anxiety over significant capital expenditure by Chinese tech giants Alibaba and Tencent on AI infrastructure. Following a similar trend in the US, both companies saw substantial market value drops after failing to clearly articulate AI monetization strategies. This comes amid a Chinese consumer downturn, impacting profitability and raising concerns about the return on AI investments.

By TOI TECH DESK

Internet-only banks face scrutiny over system failures as pay rises

Internet-only banks are facing growing scrutiny over a string of customer-facing system failures, drawing attention to operational risks at the digital lenders as average pay across the sector continues to rise. All three internet-only banks paid average annual compensation above 100 million won ($66,700) in 2025, according to disclosures from the Korea Federation of Banks and the lenders. The latest disruption involved Kakao Bank, whose mobile app crashed Tuesday afternoon, according to a repor

By The Korea Herald

Ecolab to buy CoolIT for $4.75 billion to tap into AI data center boom