Bitcoin Struggles to Break $67K Despite Rising Interest from Retail and Institutional Investors
Bitcoin’s price remains stubbornly below the $67,000 mark despite significant interest from both retail and institutional investors. As of October 23, 2024, Bitcoin is trading at $66,432, reflecting a slight…
Allegations of North Korean Involvement Rock Cosmos Ecosystem
In an unsettling revelation, Jacob Gadikian, a developer within the Cosmos ecosystem, disclosed on X that North Korean programmers might have been involved in the development of Cosmos’ Liquid Staking…
SK Hynix Posts Record Gains Thanks to Generative AI Demand
SK Hynix, one of the world’s largest memory chipmakers, reported a record quarterly profit for the third quarter, driven by the surging demand for high bandwidth memory (HBM) used in…
AI voice systems for cars get a boost from Qualcomm and Google partnership
Qualcomm and Google are partnering to help car manufacturers develop AI voice assistants for vehicles using the Android Automotive OS (AAOS). Qualcomm announced that it is collaborating with Google to…
Texas Instruments Profit Beats Expectations as China Automotive Chip Market Rebounds
Texas Instruments (TI) has reported a better-than-expected profit, suggesting a potential rebound in China’s automotive chip market, even as industrial weakness continues to affect the company’s overall performance. The analog…
TSMC Alerts US After Huawei Product Found Containing Its Chip
Taiwan Semiconductor Manufacturing Company (TSMC) has informed the U.S. government that one of its chips was found in a Huawei product, potentially violating U.S. export restrictions on the Chinese company.…
Arm Holdings Ends Qualcomm Chip Design License After Dispute
Arm Holdings Plc is set to terminate its architectural license agreement with Qualcomm Inc, which has previously allowed Qualcomm to use Arm’s intellectual property to design its own chips, according…
Indian Startup Neysa Secures $30 Million to Expand AI Services
Neysa, an Indian AI startup, has raised $30 million in an all-equity Series A round as it seeks to position itself against global hyperscalers like AWS, Google Cloud Platform, and…
Japanese Party Leader Proposes Crypto Tax Reforms in Election Campaign
Yuichiro Tamaki, the leader of Japan’s Democratic Party for the People (DPP), has outlined a significant proposal to amend cryptocurrency taxation, promising to reduce the tax on crypto gains to…
South Korea’s New Drone Serves as a Flying Shopping Cart
South Korean researchers have unveiled a new drone prototype that functions as a “flying shopping cart,” designed to transport goods over uneven terrain. Developed by a team from the Seoul…
Qualcomm Brings AI Power to Mobile Chips with New Snapdragon 8 Elite
Qualcomm announced on Monday that it is integrating technology initially developed for its laptop chips into its mobile phone processors, with the goal of enhancing their capabilities for generative AI…
DJI Sues US Defense Department to Remove Chinese Military Label
DJI, the world’s largest drone manufacturer, is escalating its legal battle against the U.S. Department of Defense (DoD) to remove its designation as a “Chinese Military Company.” DJI argues that…
Fuji Soft Backs KKR’s Initial Offer as Bain Presents Higher Proposal
The board of Japan’s Fuji Soft (9749.T) is continuing to back the first stage of a 558.4 billion yen ($3.72 billion) buyout offer from KKR, despite receiving a higher counter-offer…
Apple’s iPhone Sales in China Climb 20% in First Three Weeks
Apple’s new iPhone sales in China surged 20% in the first three weeks following their launch, according to data from research firm Counterpoint. This growth compares to the 2023 model’s…
Samsung delays ASML chip equipment deliveries for new Texas factory, sources reveal
Samsung Electronics has delayed receiving deliveries of ASML’s chipmaking equipment for its new $17 billion factory in Taylor, Texas, as it faces challenges securing major customers for the project, according…
Casio Systems Remain Down After Ransomware Attack
Japanese electronics giant Casio has confirmed that several of its systems remain unusable almost two weeks after being hit by a ransomware attack. A Casio spokesperson, Ayuko Hara, informed TechCrunch…
Hong Kong Police Dismantle $46 Million Deepfake Crypto Romance Scam
Hong Kong police have successfully dismantled a sophisticated criminal operation using artificial intelligence deepfakes to orchestrate a crypto romance investment scam, leading to the arrest of 27 individuals. This elaborate…
Super Nintendo World in Orlando Set to Open May 2025
Super Nintendo World is set to open at Universal Orlando Resort on May 22, 2025. This will be the third Nintendo theme park globally, following locations in Los Angeles and…
Autonomous Driving Company Pony AI Targets US IPO with Strong Backing from Toyota
Pony AI, a Chinese autonomous driving firm backed by Toyota, has filed for an initial public offering (IPO) in the United States. This marks another indication of rising investor interest…
Horizon Robotics Aims to Raise $696 Million in Largest Hong Kong IPO of 2024
Horizon Robotics, a Chinese autonomous driving firm, plans to raise up to $696 million in its upcoming Hong Kong initial public offering (IPO), marking the city’s largest listing of 2024.…