China’s Breakthrough Paves the Way for ‘Fault-Tolerant’ Quantum Computing
Leading quantum physicist Pan Jianwei and his team at the University of Science and Technology of China (USTC) have achieved a groundbreaking development in the field of quantum physics. Their…
Sony Appoints New Co-CEOs to Lead PlayStation
Sony has unveiled a significant leadership transformation within its PlayStation division, appointing Hermen Hulst and Hideaki Nishino as co-CEOs, a move set to take effect from June 1st. This change…
Nvidia proudly unveils quantum computer centers powered by the new CUDA-Q platform.
Nvidia has announced a significant advancement in its quantum computing initiatives, revealing plans to enhance quantum computing capabilities at national supercomputing centers worldwide using the open-source Nvidia CUDA-Q platform. Supercomputing…
Baidu’s robotaxi division anticipates achieving profitability next year
SHANGHAI — Chinese tech company Baidu announced on Wednesday that its Apollo Go robotaxi division expects to achieve profitability by next year. This optimistic projection aligns with CEO Elon Musk’s…
Japan expects a sharp rise in power output by 2050 due to AI and chip plant demands.
The Japanese government has projected a significant increase in electricity demand, anticipating a 35% to 50% rise by 2050. This forecast is driven by the growing energy needs of semiconductor…
Lumen Technologies Expands Cybersecurity Services in the Asia-Pacific Region
Lumen Technologies Asia Pacific has broadened its cybersecurity service offerings with the latest expansion of its Advanced Managed Detection and Response (Advanced MDR) services. Announced on May 14, 2024, this…
Significant Drop in Bitcoin Mining Difficulty Last Week Marks Largest Since Last Crypto Winter: Bernstein Report
In a notable shift within the cryptocurrency mining industry, Bitcoin (BTC) mining difficulty decreased by approximately 6% last week, marking the most significant decline since the crypto winter of December…
Google teams up with Airtel to deliver cloud and GenAI solutions to Indian businesses.
Airtel, India’s second-largest telecom operator, announced on Monday a strategic long-term partnership with Google Cloud aimed at developing and delivering cloud and generative AI products to Indian enterprises. This collaboration…
Analyst Warns of Potential ‘Panic Sell-Off’ If Bitcoin Falls Below $60K
As Bitcoin (BTC) hovers near the $60,000 mark, market analysts warn of a potential panic sell-off should it fall below this critical threshold. FxPro’s Alex Kuptsikevich suggests that a break…
Huawei introduces a new NAS solution to address GenAI’s most significant data challenges.
In the fast-paced world of generative AI, managing the sheer volume of data and files can seem overwhelming. Addressing this burgeoning issue, Huawei has introduced its high-performance OceanStor A800 network-attached…
Meesho, an Indian social commerce platform, secures a huge $275M with 150M users.
In a significant development in the e-commerce sector, Meesho, a prominent social commerce platform based in Bengaluru, India, has secured a substantial $275 million in a new funding round. This…
North Korean Cyberattacks Intensify with New ‘Durian’ Malware Targeting South Korean Crypto Firms
A new wave of cyberattacks spearheaded by the North Korean hacker group Kimsuky has surfaced, utilizing an advanced malware variant named “Durian.” According to a recent threat report by cybersecurity…
China’s top chipmaker SMIC cites intense competition after missing profit targets.
In a critical evaluation of its first-quarter performance, Semiconductor Manufacturing International Corporation (SMIC), China’s largest contract chip manufacturer, disclosed a significant shortfall in profits, underlining the intensifying competition within the…
Decade-Dormant Bitcoin Wallets Transfer $61M, Stirring Market Curiosity
Two previously dormant Bitcoin wallets, containing a total of 1,000 BTC valued at $61 million at today’s prices, have suddenly sprung into action after a ten-year sleep. This unexpected movement…
Activity Declines Notably on Bitcoin’s Runes Protocol
Since its launch, the Runes protocol has experienced a noticeable decrease in user engagement and transaction volume. This change has sparked discussions about the sustainability and long-term viability of the…
South Korea prepares a big $7 billion support package for its chip industry.
South Korea is poised to significantly bolster its semiconductor industry with an expansive support package valued at over 10 trillion won ($7.30 billion), according to statements made by Finance Minister…
Binance Bribery Allegations Put Nigeria’s Foreign Investment at Risk
The recent bribery allegations by Binance CEO Richard Teng against Nigerian government officials are casting a shadow over Nigeria’s efforts to attract foreign investment. SBM Intelligence, a prominent Africa-focused risk…
Biden aims to curb the influx of low-cost Chinese electric vehicles.
In a bold move aimed at recalibrating the competitive landscape of the electric vehicle (EV) market in the United States, President Joe Biden’s administration is reportedly poised to significantly ramp…
Analysts Predict Potential ‘Explosive Rally’ in Altcoin Market, Highlight Key Indicators
The altcoin market appears to be at a pivotal stage, often referred to as the “disbelief stage,” which precedes significant rallies according to historical patterns. This article delves into the…
Tech giants begin to view Southeast Asia as the next huge opportunity.
Long perceived as a peripheral player in the technology sector, Southeast Asia is rapidly establishing itself as a pivotal hub for the industry. This dynamic change is highlighted by the…