Sachin Bansal’s fintech Navi targets a $2B valuation in its first big outside funding.
In a bold move that could potentially redefine the landscape of the Indian fintech sector, Sachin Bansal, the visionary co-founder of Flipkart, is currently in advanced discussions to secure a…
Bitcoin Halving Sparks Surge in Layer 2 Adoption
On April 20, Bitcoin marked a significant milestone with its fourth halving event, known as “Epoch V.” This event, which slashes the new bitcoin supply by 50%, not only celebrated…
The competition to lead in general AI intensifies as Dell backs SiMa.ai with an investment.
In a significant development that underscores the escalating interest and investment in edge AI technologies, SiMa.ai, a pioneering chip startup, has proudly announced a $70 million funding round. This investment,…
Tether’s Issuance on TON Blockchain Reaches $60M, Marking a ‘Great Start,’ Says CEO
Since its introduction to The Open Network (TON) on April 19, Tether (USDT) has experienced significant growth, with $60 million worth of the stablecoin now issued, making TON the 11th-largest…
Alibaba’s esteemed chairman, Joe Tsai, asserts that China trails by two years in the AI competition.
In a revealing dialogue on the podcast ‘In Good Company,’ Joe Tsai, the co-founder of the Chinese e-commerce behemoth Alibaba, engaged with Nicolai Tangen, CEO of Norway’s Norges Bank Investment…
Bitcoin Miners Eye AI Integration in Post-Halving Era, CoinShares Reports
In the wake of the recent Bitcoin halving, which cut the reward for mining by 50%, CoinShares has released a report suggesting that crypto miners may increasingly turn to artificial…
SpaceX deploys South Korea’s second spy satellite, escalating the space race with North Korea.
SEOUL – In a significant advancement for South Korea’s space and defense capabilities, the country’s defence ministry announced the successful launch and orbit entry of its second homegrown spy satellite…
Bitcoin Transaction Fees Plummet Following Record High on Halving Day
Just one day after the fourth Bitcoin halving event, which saw average transaction fees soar to a record $128, the fees have dramatically decreased. On April 21, the cost for…
Apple MacBook supplies dwindling in Indonesia following recent restrictions on imports.
Indonesia’s ambitious move to bolster domestic production by enforcing stringent import regulations has triggered a wave of concerns among multinational corporations. With the onset of potential shortages looming, including coveted…
India’s Emergence as a Leading Tech Power in Asia: A Challenge to China
In recent years, China has reigned supreme as Asia’s technological powerhouse, boasting the presence of global giants like Tencent and Alibaba, and serving as the manufacturing hub for renowned brands…
Victory Securities Announces Fee Structure for Newly Approved Bitcoin and Ether ETFs in Hong Kong
Hong Kong-based investment firm Victory Securities has unveiled the proposed fee structure for its upcoming Bitcoin and Ethereum exchange-traded funds (ETFs), following the Hong Kong Securities and Futures Commission’s (SFC)…
Bitcoin Maintains Stability Following Its Fourth Halving Event
On Friday, Bitcoin experienced its fourth halving, a significant event in the cryptocurrency’s lifecycle that adjusts the rate at which new coins are generated. Despite the potential for volatility, Bitcoin…
Aerospike determined to grow real time database for AI with $109M raise
In the ever-evolving landscape of artificial intelligence (AI) and machine learning (ML), the role of robust database technologies is becoming increasingly pivotal. As the demand for AI solutions continues to…
Generative AI’s Potential in Healthcare Questioned
Generative AI, a rapidly advancing technology capable of generating and analyzing diverse data formats such as images, texts, and videos, is progressively making inroads into the healthcare sector. This technological…
New Zealand Explores the Potential Introduction of Digital Cash
The Reserve Bank of New Zealand (RBNZ) has initiated a 101-day public consultation to gather input on the foundational principles and design options for a potential digital dollar. This move…
StealthMole secures $7 million in Series A funding for its great artificial intelligence-driven platform that monitors the dark web.
Singapore and Seoul, Thursday – In a significant boost to the global fight against cybercrime, StealthMole, a pioneering dark web intelligence startup, has successfully closed a $7 million Series A…
Binance Secures Dubai Crypto License as Co-Founder Zhao Relinquishes Voting Power
Binance, the world’s largest cryptocurrency exchange, has successfully obtained a Virtual Asset Service Provider (VASP) license in Dubai, marking a significant regulatory milestone. This achievement came after Changpeng Zhao, Binance’s…
Lambda obtains a $500 million loan using Nvidia chips as security
Lambda, a pioneering artificial intelligence cloud provider, has announced a monumental financial maneuver with a $500 million loan acquisition, marking a significant stride in the AI industry’s hardware sector. This…
Hanwha Aerospace to separate its industrial solutions divisions from defense operations
SEOUL – In a strategic move aimed at bolstering its defence sector, South Korea’s Hanwha Aerospace Co announced plans to spin off its industrial solutions and semiconductor equipment businesses. This…
Ailytics Successfully Obtains $2.7 Million in Pre-Series A Financing Spearheaded by Tin Men Capital
In a significant boost for AI-driven workplace safety and productivity, Ailytics, a pioneering Singapore-based AI software startup, has successfully raised US$2.7 million in an oversubscribed pre-series A funding round. The…