Samsung Teases Innovative AI-Enhanced Upgrades for New Foldable Phones
In a stylish Parisian hotel, Samsung Electronics‘ mobile chief TM Roh showcased the company’s latest products, including foldable smartphones and the new Galaxy Ring, highlighting Samsung’s strategy to lock customers…
HSBC Australia Implements Restrictions on Payments to Crypto Exchanges Due to Scam Concerns
Starting July 24, 2024, HSBC Australia, a branch of the international banking giant, has initiated a significant policy change by blocking payments to cryptocurrency exchanges. This measure is part of…
India Intensifies Efforts to Curb Darknet Drug Transactions Through Enhanced Crypto Surveillance
India’s Narcotics Control Bureau (NCB) is stepping up its monitoring of cryptocurrency transactions linked to drug trafficking on the darknet. This initiative is part of a broader national effort to…
Digital Domain Invests $26M in Hong Kong R&D Center for VFX and AI Video
Digital Domain Holdings, known for its Oscar-winning visual effects in Marvel Studios’ blockbuster films, is establishing a new research and development (R&D) centre at Hong Kong Science Park in Sha…
Qoo10’s Korean Branches Under Investigation for Delayed Merchant Payments
The e-commerce market in South Korea, one of the largest globally, faces new challenges as two major platforms, Ticket Monster (TMON) and WeMakePrice, come under scrutiny. The Fair Trade Commission…
SMC’s AI Cloud Services Set for Global Expansion, CEO Announces
Singapore-based AI cloud provider Sustainable Metal Cloud (SMC) is preparing for a global expansion, driven by increasing demand for its energy-efficient technology. This move was confirmed by the company’s CEO,…
Thailand to Disburse Digital Money to 45 Million Citizens in Economic Stimulus Effort
In a significant move to boost its economy, Thailand‘s finance minister, Pichai Chunhavajira, has confirmed the implementation of a digital money distribution plan set to benefit up to 45 million…
Jio Joins Forces with MediaTek to Revolutionize the Two-Wheeler EV Market
India’s conglomerate Jio has partnered with Taiwanese semiconductor leader MediaTek to enhance the growing electric scooter market with advanced digital dashboards. Announced at an industry event in New Delhi on…
Toyota Announces Plans for New EV Battery Plant to Power Future Lexus Models, Reports Nikkei
Japan’s Toyota Motor Corporation is planning to build a new battery plant for electric vehicles (EVs) in Fukuoka, located in the southwestern region of Japan. The Nikkei business daily reported…
SK Hynix Announces $6.8 Billion Chip Plant in South Korea, Boosting Nvidia Supply Chain
Memory chip giant SK Hynix announced on Friday plans to invest 9.4 trillion Korean won ($6.8 billion) in constructing a new semiconductor manufacturing plant. The new facility, known as a…
OneStream Skyrockets in Market Debut, Boosted by KKR Backing
Shares of financial software maker OneStream, backed by private equity firm KKR, rose nearly 30% in their Nasdaq debut on Wednesday, giving the company a valuation close to $6 billion.…
Taiwanese Rocket Startup Poised to Test Japan’s Ambitious Space Hub Vision
A Taiwanese startup, TiSpace, is set to become the first foreign company to launch a rocket from Japan by early next year. This initiative is part of a broader strategy…
SK Hynix Achieves Record Quarterly Profit in 6 Years, Driven by AI Chip Dominance
SK Hynix, a leading global memory chipmaker, announced that its second-quarter profits have reached the highest level in six years, thanks to its strong position in the advanced memory chip…
Chinese AI Video Model Allegedly Censors Politically Sensitive Content
A new video-generating AI model named Kling, developed by Beijing-based Kuaishou, is now widely accessible. However, it appears to censor politically sensitive topics linked to its country of origin, China.…
LG Energy Solution Lowers Earnings Forecast Amid Sluggish EV Demand; Shares Plummet
South Korean battery manufacturer LG Energy Solution (LGES) has issued a warning about a revenue decline for this year, projecting a drop of over 20%. The company attributes this decline…
Indian Finance Minister Overlooks Crypto Tax Reduction Requests in 2024 Budget
During the presentation of the 2024 Union Budget on July 23, Indian Finance Minister Nirmala Sitharaman made no mention of cryptocurrencies, leaving the existing taxation structure unchanged. This decision was…
Baidu’s Robotaxi Vision Faces Scrutiny Despite Recent Stock Surge
China’s rapid adoption of autonomous driving technology is not generating the expected optimism for Baidu Inc., as analysts struggle to identify a new growth catalyst for the company. Baidu’s shares,…
Hex Trust Secures Preliminary Approval for Payment Institution License in Singapore
Hex Trust, a leading digital asset custodian, has achieved a significant regulatory milestone by obtaining in-principle approval from Singapore’s financial regulator for a major payment institution (MPI) license. This development…
DeepL Expands AI Translation Services with Traditional Chinese Launch in Asia
German artificial intelligence translation startup DeepL has launched traditional Chinese as a language option, aiming to expand its footprint in Asia. DeepL, valued at $2 billion, focuses on providing translation…
Waymo-Zeekr Launches Robotaxi Service in San Francisco
Waymo has started testing a new robotaxi model on the public roads of San Francisco, developed in partnership with Chinese electric vehicle manufacturer Zeekr. Currently, Waymo has a small fleet…