Samsung SDI, GM Agree on $3.5 Billion EV Battery Facility in US
Samsung SDI, a South Korean battery maker, has finalized an agreement with General Motors (GM) to build a joint electric vehicle (EV) battery factory in Indiana, USA. The two companies…
India Achieves 5 Million Users in Central Bank Digital Currency Initiative
India is progressively advancing its exploration of a central bank digital currency (CBDC), achieving significant milestones without rushing the process, according to Shri Shaktikanta Das, the Governor of the Reserve…
Huawei’s Autonomous Driving System to Power BYD’s New Off-Road Electric SUVs
Chinese electric vehicle manufacturer BYD has reached an agreement with Huawei to incorporate Huawei’s advanced autonomous driving technology into its off-road Fangchengbao electric vehicle lineup. According to a statement from…
India’s AI Startups Introduce Affordable Voice Bots Nationwide
Executives from Alphabet Inc.’s Google DeepMind, Microsoft Corp, and Meta Platforms Inc recently gathered in Bangalore with tech founders to witness Sarvam AI, one of India’s leading AI startups, introduce…
Thai Authorities Crack Down on Illegal Bitcoin Mining Operation Linked to Power Outages
Authorities in Thailand have taken decisive action against an illegal Bitcoin mining operation in Ratchaburi, a town located west of Bangkok. This raid, conducted on August 23, follows numerous complaints…
Chinese Electric Vehicles Face 100% Tariff in Canada
Canada announced it will impose a 100% tariff on Chinese electric vehicles (EVs), starting October 1, aligning with similar moves by the United States and European Union. This measure will…
Swiggy Plans $15 Billion Valuation with Major IPO Move
Swiggy, a prominent Indian food delivery company backed by SoftBank, is planning to pursue a valuation of approximately $15 billion for its upcoming initial public offering (IPO), aiming to raise…
European Union Cuts Tariffs on China-Made Tesla EVs and Other Chinese Vehicles
The European Union announced on Tuesday that it would significantly reduce the planned tariffs on electric vehicles imported from China, offering a notable decrease for Tesla’s China-made EVs. Initially set…
China Mobile Backs Honor with Strategic Investment
Chinese smartphone maker Honor has announced an investment from China Mobile’s parent company as it prepares for an initial public offering (IPO). The investment amount remains undisclosed. Formerly a unit…
Beijing Robot Conference Showcases Humanoid Competition for Tesla’s Optimus
Tesla’s Optimus robot faced strong competition at the World Robot Conference in Beijing, where Chinese companies showcased their latest advancements in humanoid robotics. While Tesla’s Optimus remained motionless inside a…
Unitree’s Humanoid Robots Now Available for Industry Use
The competition in the humanoid robotics industry is intensifying, with China’s Unitree making significant strides by mass-marketing its humanoid robots at relatively affordable prices. This development sets the stage for…
AI Drives Baidu’s Strategy as Ad Revenue Drops
Baidu has emphasized its leadership in artificial intelligence (AI) as a strategic advantage in navigating an increasingly competitive market, despite a slight decline in quarterly revenue. This statement comes during…
India’s Cryptocurrency Regulation: Forthcoming Government Consultation Paper Crucial for Future Policy
India stands on the brink of a pivotal moment in the regulation of cryptocurrencies as the Department of Economic Affairs (DEA) prepares to release a critical consultation paper. This document,…
Hong Kong Regulator Cracks Down on Noncompliant Cryptocurrency Exchanges Amid Licensing Efforts
Hong Kong is intensifying its regulatory oversight on cryptocurrency exchanges that are still in the process of being fully licensed, following initial approvals. This move is part of the city’s…
China Tests Cargo Drone with Record-Breaking Payload Capacity
China marked a significant development in aviation technology with the successful test flight of an unmanned civilian drone capable of carrying up to 3.2 metric tons of cargo. The SA750U,…
Chinese Firms Seek Advanced AI Capabilities via Amazon Cloud Services
State-linked Chinese entities are increasingly turning to cloud services, including those provided by Amazon Web Services (AWS), to gain access to high-end U.S. chips and artificial intelligence capabilities that are…
China’s WeRide Postpones U.S. IPO Due to Documentation Delays
WeRide, a China-based self-driving technology company, has delayed its initial public offering (IPO) in the U.S., citing delays in completing necessary transaction documents. The company indicated in a Thursday statement…
China Slams EU Tariffs on Electric Vehicles, Pledges Defense of Its Industry
China has strongly criticized the European Union’s recent decision to impose tariffs on electric vehicle (EV) imports, labeling the move as unfair and pledging to take necessary steps to defend…
Shein Accuses Temu of Copyright Infringement and Counterfeiting
Shein has filed a comprehensive lawsuit against its rival Temu, accusing the fast-fashion retailer of engaging in widespread copyright infringement, counterfeiting, and intellectual property theft. This legal action, taken in…
CZ and Binance Confront New Lawsuit Over Allegations of Facilitating Crypto Laundering
Binance and its former CEO, Changpeng “CZ” Zhao, are embroiled in a new legal challenge as they face a class-action lawsuit initiated by three cryptocurrency investors. These plaintiffs claim that…