A driverless car in China hit a jaywalking pedestrian, highlighting a challenge for AI.
BEIJING: In a recent incident that has sparked a significant debate online, a driverless ride-hailing car operated by Chinese tech giant Baidu collided with a pedestrian in the city of…
Crypto Exploits Near $1.4B This Year as Hackers Target CeFi: Report
According to cybersecurity firm Cyvers’ mid-year Web3 security report, the total volume of stolen crypto funds in 2024 is nearing $1.4 billion, with centralized exchanges (CeFi) emerging as the primary…
Australia’s Main Stock Exchange to Get Second Spot Bitcoin ETF
Blockchain-focused asset manager DigitalX has received regulatory approval to launch its spot Bitcoin exchange-traded fund (ETF), which will be the second Bitcoin ETF to trade on the Australian Securities Exchange…
Beijing Introduces Legislation for Robotaxis Amid Rising Backlash
Beijing is set to support the integration of robotaxis into ride-hailing and car rental fleets as advanced driver assistance systems gain traction in China. Draft guidelines from the Beijing Municipal…
Dyson, headquartered in Singapore, to Cut 1,000 Jobs in Britain
SINGAPORE – Dyson, the multinational technology company headquartered in Singapore, announced on July 9 that it would lay off approximately 1,000 of its 3,500 staff in Britain as part of…
Microsoft to Provide Apple Devices to Employees in China Due to Lack of Android Services
Microsoft Corporation announced a significant change in its operational strategy for its Chinese workforce. The tech giant will begin providing Apple iOS-based devices to employees in China, facilitating access to…
Invesco Ether ETF Sets Fees at 0.25% as Competition Among Issuers Heats Up
On July 9, asset managers Invesco and Galaxy announced the management fees for the Invesco Galaxy Ethereum ETF (QETH) at 0.25% in an amended filing to United States regulators. This…
Crypto Fear & Greed Index Hits Lowest Level Since January 2023
The Crypto Fear & Greed Index, a metric that tracks relative market sentiment, has plummeted to its lowest levels since January 2023, reaching 27 on July 9, according to data…
Samsung Electronics wins cutting-edge AI chip order from Japan’s Preferred Networks
Samsung Electronics Co., Ltd. has announced a significant breakthrough in its semiconductor manufacturing division. On Tuesday, the South Korean tech giant revealed that it had secured an order from the…
ASML CEO Highlights Importance of Legacy Chips Produced by China, Reports Handelsblatt
In an interview with Germany’s Handelsblatt newspaper published on Monday, Christophe Fouquet, the newly appointed Chief Executive Officer of ASML, emphasized the critical need for older generation computer chips, particularly…
The founder asserts that Chinese AI can excel with larger models and more data.
If you follow the latest developments in artificial intelligence, you’ll find that bigger models and more data are the keys to success. Jiang Daxin, the founder of Stepfun, a Shanghai-based…
Beijing Backs Integration of Self-Driving Cars in Ride-Hailing Services, State Media Reports
China’s capital, Beijing, is taking significant strides to support the integration of self-driving cars in online ride-hailing services, according to the official Beijing Daily. On Monday, the publication reported that…
KKR to Reduce Stake in Japan’s Kokusai Electric
Private equity firm KKR is planning to significantly reduce its stake in Kokusai Electric, a move that comes after a period of substantial growth for the Japanese chip equipment manufacturer’s…
Otoklix Partners with VinFast to Enhance EV Services in Indonesia During Energy Transition
VinFast, the pioneering Vietnamese electric vehicle (EV) manufacturer, has recently marked its entry into Indonesia by inaugurating a new dealership in the Jakarta suburb of Depok. This strategic move is…
Japanese Public Firm Metaplanet Buys Another $2.5M of Bitcoin
Metaplanet, a publicly-listed investment and consulting firm in Japan, is significantly increasing its Bitcoin holdings despite a recent dip in BTC prices, injecting additional capital to purchase the cryptocurrency. Latest…
Shanghai Releases China’s First Guidelines for Humanoid Robots
Shanghai has made a groundbreaking move by publishing China’s first set of governance guidelines for humanoid robots. These new rules aim to ensure that humanoid robots are safe and respectful…
Taiwan’s Central Bank Announces No Set Timetable for Digital Currency Launch
Taiwan’s central bank announced on Sunday that there is no set timetable for the launch of a digital currency, emphasizing the “huge and complex” nature of the undertaking. Despite this,…
Samsung Electronics Workers Strike Amid Rising Union Influence in South Korea
Samsung Electronics employees commenced a three-day strike on Monday, demanding higher wages and better working conditions. This move marks the latest effort by the National Samsung Electronics Union (NSEU) to…
Positive Outlook for Chinese AI Market Amid Western Scrutiny
Chinese artificial intelligence (AI) sector showcased its determination and innovation this week at a significant fair in Shanghai, signaling confidence in overcoming Western-imposed restrictions. The event saw companies unveiling advanced…
BYD’s Significant EV Price Cuts in Thailand Ignite Controversy; Prime Minister Demands Clarification
Thailand’s consumer protection agency has launched an investigation into BYD dealerships following numerous complaints from consumers about aggressive discounting tactics that have left many buyers feeling they overpaid for their…