Nvidia Gears Up to Launch Cutting-Edge AI Chip Tailored for China Market
Nvidia is working on a version of its new flagship AI chips for the China market that complies with current U.S. export controls, according to three sources familiar with the…
Malaysia Celebrates Its Second Unicorn: Biotech Giant ALPS Global Holdings Bhd Sets Sights on NASDAQ
Malaysia has marked an achievement as ALPS Global Holding Bhd (ALPS) reaches unicorn status, according to Minister of Science, Technology, and Innovation Chang Lih Kang. This makes ALPS the country’s…
China Trade Fears Trigger $500 Billion Loss in Chip Stocks
The semiconductor industry faced a significant setback on Wednesday, losing over $500 billion in stock market value. This marks the worst session for the sector since 2020, triggered by reports…
Illicit Chip Flows to Russia Decline, But China and Hong Kong Persist as Key Transshipment Hubs
Semiconductors and other restricted goods shipped through China and Hong Kong to support Russia’s war efforts have decreased by a fifth this year, according to previously undisclosed U.S. Commerce Department…
Byju’s Founder Confronts Crisis Amid Ed-Tech Giant’s Collapse
Byju Raveendran, an Indian mathematics whiz who rose from teacher to startup billionaire, is now facing his toughest challenge yet. His education technology company, Byju‘s, has seen its valuation plummet…
Kraken Custody Extends Services to UK and Australia
Kraken, a leading cryptocurrency exchange, has officially announced the expansion of its Kraken Custody services to institutional clients in the United Kingdom and Australia. This strategic move marks Kraken Custody’s…
MUFG Executives to Take Pay Cuts Following Information Firewall Breach
Mitsubishi UFJ Financial Group (MUFG), Japan’s largest banking group, has announced pay cuts for its CEO and five other executives following breaches of “firewall” regulations at its banking and securities…
Over 40% of Japanese Companies Lack AI Implementation Plans
A recent Reuters survey conducted by Nikkei Research has revealed that nearly 25% of Japanese companies have integrated artificial intelligence (AI) into their operations. However, over 40% of businesses have…
Samsung Set to Acquire UK-Based AI Startup Oxford Semantic in Strategic Move
Samsung Electronics announced today that it has signed an agreement to acquire Oxford Semantic Technologies, a UK-based startup specializing in knowledge graph technology. Established Founders Specialization Key Technology Clients 2017…
Intel’s Investments in China Possibly Caused New US Restrictions
According to a recent report by the Financial Times, Intel Capital is one of the most active foreign investors in China’s artificial intelligence and silicon startups. Currently, Intel Capital owns…
You Can Now Add Multiple Audio Tracks to Instagram Reels
Instagram announced a new feature allowing users to add multiple audio tracks to their Reels, available globally starting Tuesday, July 16. This update enables creators to incorporate up to 20…
Ola Electric Targets $4.5 Billion Valuation in Anticipated IPO
Ola Electric, an Indian e-scooter manufacturer backed by SoftBank, is preparing for its initial public offering (IPO). According to sources with direct knowledge of the matter, the company is expected…
Nigerian Court Issues Arrest Warrant for Prison Doctor Amid Health Concerns for Detained Binance Executive
Justice Emeka Nwite of the Federal High Court in Abuja has escalated the legal proceedings involving a Binance executive’s health concerns by issuing a bench warrant for Dr. Abraham Ehizojie,…
IMOTO Unveils VISION.ev: Indonesia’s First Locally Manufactured Electric Motorcycle
Jakarta played host to the global unveiling of VISION.ev, an electric motorcycle fully designed and engineered in Indonesia. This event marks a major advancement towards sustainable transportation. The launch took…
Rakuten Increases Target Price to RM1.23, Anticipates Growth in AI Server Demand for SNS
Rakuten Trade has affirmed its ‘buy’ rating for SNS Network Technology Bhd (KL) at 84 sen, raising the target price to RM1.23 from 54 sen. This upgrade reflects a revised…
Indian Crypto Exchange Hit by $235M Hack, Pauses Withdrawals
Web3 security firm Cyvers has identified several suspicious transactions involving WazirX’s Safe Multisig wallet on the Ethereum network. According to an X post by Cyvers, approximately $234.9 million worth of…
TSMC Surpasses Second-Quarter Profit Forecasts Amid Ongoing AI Chip Demand Surge
Taiwan Semiconductor Manufacturing Company (TSMC) exceeded revenue and profit expectations in the second quarter, driven by the growing demand for advanced chips used in AI applications. Metric Q2 2024 Actual…
Kaspersky to Shut Down U.S. Operations and Lay Off Staff After Ban
Kaspersky will exit the U.S. market and lay off dozens of employees following a U.S. government ban on its software due to security concerns. Starting July 20, the Russian cybersecurity…
Japan’s Nikon eyes innovative 3D printing for US defence market
Nikon Corp, the renowned Japanese precision equipment maker, is attracting interest from U.S. defense and aerospace companies for its advanced metal 3D printers. This expansion is part of Nikon’s broader…
Ultrahuman’s Smart Ring Receives FDA Approval for AFib Detection
The smart ring has long been overshadowed by the smartwatch. For years, tech giants like Apple and Google have battled for dominance over wrists, leaving the smart ring market relatively…