Oyo, previously valued at a whopping $10 billion, postpones IPO plans for the second time.
Oyo, the once high-flying Indian budget hotel chain, has withdrawn its Initial Public Offering (IPO) application from the Securities and Exchange Board of India (SEBI) for the second time, delivering…
Newgen collaborates with ASEAN Business Partners to broaden its presence in Southeast Asia
Newgen Software has announced a strategic partnership with ASEAN Business Partners (ABP), marking a significant step towards enhancing the digital banking landscape across Southeast Asia. This collaboration focuses on deploying…
PEPE Hits New Record as Ethereum Prices Climb on Anticipated ETF Approvals
The Ethereum-based memecoin, PEPE, has achieved a remarkable 27% increase, reaching a new all-time high in the last 24 hours. This surge is largely attributed to the speculative anticipation surrounding…
Disney reaches agreement to sell stake in Tata Play, reports Bloomberg News
In a significant move, Walt Disney has agreed to sell its stake in Tata Play, the satellite TV provider owned by India’s Tata Group. This deal values Tata Play at…
Gala Games Attacker Returns $22M in Ether Following GALA Token Breach
Gala Games, a prominent player in the blockchain gaming sector, recently confronted a severe security breach where an attacker unauthorizedly minted $200 million worth of GALA tokens. This incident unfolded…
Governments and Tech Companies Pledge Collaboration to Address AI Risks at Seoul Summit
SEOUL: More than a dozen countries and some of the world’s biggest tech firms pledged on Wednesday to cooperate against the potential dangers of artificial intelligence (AI), including its ability…
Bitcoin Reaches New Milestones in Local Currencies of Japan, Argentina, and the Philippines
Bitcoin has recently achieved notable gains, experiencing a 7% increase in a single day which propelled its value towards record highs in various countries across Asia and South America. As…
Alibaba Ignites China AI Price War with Major Discounts
Alibaba Group Holding Ltd has initiated a significant reduction in prices for its artificial intelligence (AI) services, cutting costs by up to 97%. This drastic move has triggered immediate responses…
Binance Encourages Participation from Small to Medium Projects to Address Low Circulation and High Valuation Challenges
Crypto exchange Binance has taken a proactive stance against the prevalent trend of low float and high fully diluted valuations (FDV) in the cryptocurrency industry. On May 20, Binance extended…
Moonshot AI’s Kimi Chatbot, China’s ChatGPT counterpart, introduces premium service for the masses.
In a move to monetize its AI capabilities, Moonshot AI’s Kimi Chatbot has begun charging fees for faster response times, joining the expanding list of Chinese AI companies exploring revenue…
Bitcoin Needs a $93K Valuation to Surpass Silver in Market Cap
In 2024, silver has notably outperformed Bitcoin, reclaiming its position as the eighth-largest asset by market cap, a spot it lost to Bitcoin in March. This resurgence in silver’s value…
Get ready for the premier tech event, CEE 2024, at Suntec Singapore.
Get ready for an exciting weekend as the Consumer Electronic Exhibition (CEE) returns to Suntec Singapore. From May 23 to 26, the convention center will transform into a tech haven,…
Debate Intensifies Over the Importance of Decentralization in Crypto
On May 19, Ethereum researcher Dankrad Feist ignited a spirited discussion on the social platform X by proclaiming Ethereum as a true embodiment of the cryptocurrency vision. Feist’s assertion that…
Google may consider transitioning to TSMC for upcoming Pixel phone chipsets
Google may soon change its chipset manufacturer for upcoming Pixel phones, potentially shifting its Tensor chip production to TSMC starting next year. This news comes from the leaker @Revegnus1, who…
ByteDance, the parent company of TikTok, now boasts the most popular AI chatbot in China.
In the fast-evolving landscape of artificial intelligence, ByteDance Ltd has surged ahead of Baidu Inc in the competition to create China’s leading AI-powered chatbot. ByteDance’s Doubao, launched in August, has…
Samsung Electronics appoints seasoned executive to address ‘chip crisis’ during AI surge
Samsung Electronics has made a significant leadership change within its semiconductor division, appointing Young Hyun Jun as the new chief to navigate the company through a challenging “chip crisis.” This…
China creates groundbreaking electric car battery that fully charges in just 10 minutes
China has developed a revolutionary car battery that can charge in just 10 minutes and power a car for hundreds of miles before needing to be plugged in. A report…
South Korea and the UK to Co-Host Second Global AI Summit Amid Rising Risks
SEOUL – This week, South Korea and the United Kingdom will co-host the second global AI summit in Seoul, responding to the breathtaking pace of innovation since the first AI…
Chinese EV manufacturer Xpeng plans to successfully launch its first flying car by 2026.
Xpeng AeroHT, an affiliate of the Chinese electric vehicle manufacturer Xpeng, has ambitious plans to deliver its flying car to customers by 2026, according to a statement from Brian Gu,…
Five On-Chain Metrics Suggest Crypto Bull Market May Just Be Starting
Despite the cryptocurrency markets exhibiting sideways movement over the past three months, a surge in bullish sentiment is evidenced by five significant on-chain indicators. These indicators hint that the bull…