Antler Secures $72M for Second Southeast Asia Startup Fund
Antler has reinforced its commitment to Southeast Asia with the successful closure of its second regional startup fund, raising $72 million. This fund aims to support early-stage startups in key…
New Milestone for China’s Low-Altitude Economy with Largest Cargo Drone Flight
China successfully conducted a test flight of its largest unmanned cargo aircraft designed for civilian use, signaling its growing commitment to developing a robust low-altitude economy. The twin-engine aircraft, with…
Waymo Robotaxis Cause Late-Night Noise Disruption in San Francisco Neighborhood
Waymo’s robotaxis have become an unexpected source of noise in a San Francisco neighborhood, with a nightly honkfest from their parking lot disturbing nearby residents. Since late July, software engineer…
Samsung Sees Sales Increase as Athletes Use Foldable Phones for Podium Selfies
Samsung’s foldable Galaxy Z Flip6 smartphone has seen a notable increase in sales, attributed to the “victory selfies” taken by athletes on the podium at the Paris Olympics. As a…
Chinese AV Startup WeRide Prepares for Big U.S. Market Debut
WeRide, a Chinese autonomous vehicle (AV) startup, is actively preparing for its debut on the U.S. stock market. The company has filed with the Securities and Exchange Commission (SEC) to…
Alibaba Takes the Lead in AI Math Models with Qwen2-Math
Alibaba Cloud, the cloud division of the Chinese tech giant Alibaba, has released a new math-focused large language model (LLM) named Qwen2-Math, positioning it as the world’s most powerful AI…
Binance Recovers $73M in Stolen Funds, Surpasses 2023 Security Milestone
Binance, the world’s largest cryptocurrency exchange by trading volume, has achieved a significant milestone in its security operations by recovering or freezing $73 million in stolen user funds in 2024.…
Singapore Sees Increase in Chinese EV Launches with New Incentives
Chinese electric vehicle (EV) manufacturers are increasingly entering the Singaporean market as the government bolsters EV adoption through extended incentives and the expansion of charging infrastructure. Notable recent entries include…
India Opts Not to Regulate Crypto Transactions Amid Tightened Oversight
The Indian government has disclosed that it currently has no plans to regulate the buying and selling of cryptocurrencies, even as it intensifies efforts to oversee crypto-related activities such as…
South Korea Indicts Kakao Founder for Alleged Stock Manipulation
South Korean prosecutors have indicted Kim Beom-su, the billionaire founder of Kakao Corp, on charges of stock market manipulation, Yonhap news agency reported on Thursday. Kim, also known as Brian…
Mox Bank Initiates Crypto ETF Trading in Hong Kong
Mox, a Hong Kong-based virtual bank subsidiary of Standard Chartered, has recently introduced crypto exchange-traded fund (ETF) trading services for its customers, marking a significant development in the region’s financial…
Binance Records $1.2 Billion in Inflows During Major Market Downturn, CEO Reports
On August 5th, amid a significant market downturn, Binance, the leading cryptocurrency exchange, experienced one of its largest trading days of 2024, with a staggering $1.2 billion in net inflows.…
China’s Robotaxi Revolution Threatens Ride-Hailing Drivers
China’s ride-hailing drivers, like 36-year-old Liu Yi from Wuhan, face new challenges as robotaxis become more prevalent. Liu, who began driving part-time this year due to a construction slowdown, fears…
SoftBank-Backed Ola Electric Achieves $4 Billion Valuation in IPO
Ola Electric‘s initial public offering (IPO) received bids worth $1.8 billion, marking a significant milestone as the first stock offering by a pure-play electric vehicle (EV) maker in India. The…
ByteDance Enters AI Video Market with New App
ByteDance has introduced Jimeng AI, a text-to-video application, expanding its presence in the AI video generation market. This move places ByteDance alongside other Chinese tech firms and OpenAI, the creator…
Waymo Announces New Service Areas in San Francisco and Los Angeles
Waymo, a subsidiary of Alphabet, is expanding its autonomous ride-hailing service areas in San Francisco and Los Angeles to meet growing customer demand, the company announced on Tuesday. This move…
Nvidia Approves Samsung’s HBM3E Chips for AI Processors
Samsung’s latest high-bandwidth memory (HBM) chips have passed Nvidia’s tests for use in its artificial intelligence (AI) processors, according to three sources familiar with the matter. This development marks a…
EtherealX Secures $5M to Revolutionize Satellite Launches in India
Indian space startup EtherealX has secured $5 million in seed funding to develop fully reusable medium-lift launch vehicles, aiming to make satellite launches more cost-effective and time-efficient. Space launches have…
New Chinese Internet Satellites Aim to Challenge Starlink
China launched the first batch of its “Thousand Sails” internet satellites on Tuesday, aiming to rival Elon Musk’s Starlink. The constellation, planned to comprise more than 15,000 low-Earth orbit (LEO)…
Malaysia Aims to Enhance Semiconductor Industry with New Chip-Design Hub
Malaysia has established a chip-design hub in Selangor state to enhance its semiconductor industry and attract foreign investments. This initiative aims to upgrade Malaysia’s capabilities from traditional testing and packing,…