Sean O'Meara

England

Editor at Asia Financial

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Articles

TikTok Ups Shift to AI Moderation, Axes Hundreds of Jobs - SCMP

Oct 11, 2024 | asiafinancial.com | Sean O’Meara |Sean O'Meara

ByteDance-owned social-media platform TikTok is to axe hundreds of jobs as it shifts more of its moderation work away from humans and to artificial intelligence, the South China Morning Post reported. TikTok already employs a mix of automated detection and human moderators to review content posted on the site but is now accelerating the switch to AI, at the cost of about 500 roles, mostly based in Malaysia, the report continued.
China Stocks Slip as Stimulus Boost Fades, Retailing Lifts Nikkei

Oct 10, 2024 | asiafinancial.com | Sean O'Meara

Asian shares saw a mixed day to end the week with Chinese markets finally running out of puff after a rollercoaster week of ups and downs following Beijing’s ‘bazooka’ stimulus blitz. Equities across the region were headed for their first weekly loss in five, and all eyes will be on the details of more much-anticipated fiscal stimulus from Beijing this weekend.
Sean O'Meara

Oct 10, 2024 | asiafinancial.com | Sean O'Meara

TikTok Ups Shift to AI Moderation, Axes Hundreds of Jobs – SCMP The app’s Chinese owners are feeling the pressure from US regulators over spying claims and content concerns China Stocks Slip as Stimulus Boost Fades, Retailing Lifts Nikkei Investors will be watching keenly over the weekend when Beijing is expected to unveil more policy support measures Russia Looks to Boost Coal Exports to Power-Hungry India India imported 176 million tons of thermal coal in 2023, with 26.2 million tons coming...
Renewables Set to Supply Half of World’s Power by 2030 - YE

Oct 10, 2024 | asiafinancial.com | Sean O’Meara |Sean O'Meara

Renewables are on track to produce nearly half of the world’s electricity by the end of the decade, Yale Environment 360 reported. Citing a new report by the International Energy Agency, over the next six years the world will add more than 5,500 gigawatts of renewable capacity – equal to the total current capacity of China, India, the US and EU combined – with solar accounting for most of the growth, the story continued.
Russia Looks to Boost Coal Exports to Power-Hungry India

Oct 10, 2024 | asiafinancial.com | Sean O'Meara

Russia is looking to boost its coal exports to India as the world’s most populous country struggles to meet surging power demand. China remains the biggest buyer of Russian coal but Moscow has said India may overtake it by the start of the next decade as Beijing plans cutbacks on coal usage for power generation.
Hang Seng Jumps on Stimulus Bets, Nikkei Tracks Wall St Higher

Oct 9, 2024 | asiafinancial.com | Sean O'Meara

Asia’s major stock markets were back on the front foot on Thursday as the promise of more stimulus measures from Beijing lifted the mood in what has been a rollercoaster ride for the region’s markets this week. Chinese stocks resumed their rally, fanned by expectations a briefing from finance officials this weekend would deliver more fiscal support, while the dollar lingered near a two-month high before a US inflation report.
X Now Prime Source of Chinese Fake News on US Election - GV

Oct 9, 2024 | asiafinancial.com | Sean O’Meara |Sean O'Meara

Social media platform X has overtaken WeChat as the primary source of disinformation among Chinese-Americans about the upcoming US presidential election, GlobalVoices reported.
US to Push For Google to Sell Off Chrome, Android Operations

Oct 9, 2024 | asiafinancial.com | Sean O'Meara

Google could be forced to divest its Chrome browser and Android operating system operations, as US regulators push for court action on what they see as the tech giant’s illegal monopoly in online search. The divestment calls come after a judge found in August that Google, which processes 90% of US internet searches, had built an unlawful dominance. The Justice Department might also ask the court to end Google’s payments to have its search engine pre-installed or set as the default on new devices.
Foxconn Mega Factory to Build Nvidia Superchip AI Servers

Oct 9, 2024 | asiafinancial.com | Sean O'Meara

Foxconn is building a mega chip factory in Mexico where it will assemble AI servers using Nvidia’s GB200 superchip for its next-generation Blackwell family computing platform. Taiwan’s Foxconn, the world’s largest contract electronics manufacturer and Apple’s biggest iPhone assembler, has been benefiting from the artificial intelligence boom as it builds servers used to process AI work.
China Stocks Sink on Stimulus Doubts, Tech Lifts Nikkei

Oct 8, 2024 | asiafinancial.com | Sean O'Meara

China’s stock markets grabbed the headlines on Wednesday, amid a day of mixed results across the region, as share prices plunged over investor scepticism about Beijing’s plans to turn around the country’s struggling economy. Mainland Chinese stocks tumbled, with their Hong Kong peers also in retreat, as investors booked profits after a blistering rally with officials failing to inspire confidence over China’s stimulus plans.