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…
Binance Bolsters Security and Trust by Converting $1 Billion SAFU to USDC Stablecoin
Binance, the largest cryptocurrency exchange globally, announced on Thursday a significant strategic move involving the conversion of its $1 billion Secure Asset Fund for Users (SAFU) into USDC stablecoin. This…
SiMa.ai raises $70 million in funding to launch a GenAI chip with multimodal capabilities
In a significant stride towards enhancing the capabilities of edge computing with artificial intelligence (AI), Silicon Valley-based SiMa.ai has announced a groundbreaking extension funding round of $70 million. This move…
Upbit Halts High-Value Crypto Transactions Over Regulatory Changes
Upbit, one of South Korea’s leading cryptocurrency exchanges, has announced a temporary suspension of deposits and withdrawals for digital assets exceeding 1 million Korean won (approximately $721). This decision is…
India considers countermeasures for election misinformation, including labels and an AI safety alliance.
In the rapidly evolving landscape of artificial intelligence (AI), the debate around the authenticity and ethical use of AI-generated content has become a global concern. With India emerging as a…
Tether CEO Stresses Importance of Competition in Stablecoin Market for Regulatory Engagement
Tether CEO Paolo Ardoino, speaking at Paris Blockchain Week, highlighted the significance of Ripple’s decision to launch its own stablecoin, noting that this move could enhance the legitimacy of the…
China’s Chery to invest US$800m in a Vietnam car plant.
HANOI, Vietnam – In a landmark move that propels Vietnam further into the global electric vehicle (EV) landscape, Chinese automaker Chery has inked a partnership with local conglomerate Geleximco. The…
Nvidia and Indosat intend to invest $200 million in an AI center in Indonesia, according to the government.
JAKARTA – In a significant advancement for technology infrastructure in Indonesia, Nvidia and the telecommunications company PT Indosat Ooredoo Hutchison have announced their collaboration to establish an Artificial Intelligence (AI)…
Telegram’s Durov Foresees Crypto-Inspired Devices to Counter Government Surveillance
Pavel Durov, the founder of the encrypted messaging app Telegram, envisions the emergence of secure communication devices inspired by cryptocurrency hardware wallets as a response to increasing government surveillance. In…
Japanese lens manufacturer Hoya pauses operations due to a cyberattack.
In a startling development, Hoya Corp, the world’s second-largest eyeglass lens manufacturer, announced on Thursday that a system failure has halted the production of several of its products. This interruption,…
Singapore biotech startup secures $4 million in seed financing from Elev8 and Seeds Capital
In a significant boost to the future of precision healthcare, Auristone, a groundbreaking biotechnology startup, has successfully closed a US$4 million seed funding round. This financial injection marks a pivotal…
Normalizing Trends Emerge in Spot Bitcoin ETF Market After Initial Hype
The initial excitement surrounding the launch of spot Bitcoin ETFs appears to be waning as the market begins to stabilize. This shift in momentum has been marked by a recent…
SingleInterface, a SaaS startup, secures $30M to expand online business services.
In a landmark move, SingleInterface, the innovative SaaS startup known for bridging the gap between offline businesses and digital growth, has announced a successful $30 million fundraising round. This marks…
Tesla to scout locations in India for a huge $3 billion electric vehicle plant
Tesla, the renowned electric vehicle (EV) manufacturer, is poised to significantly expand its global footprint by setting its sights on India for the establishment of a new electric vehicle factory.…
Tether and Circle Adopt Contrasting Strategies to Navigate Global Stablecoin Regulations
As the integration of traditional financial systems with the cryptocurrency economy deepens, significant stablecoin issuers like Tether and Circle are charting distinct paths through the evolving regulatory landscape. Each company’s…
SK Hynix, Nvidia’s supplier, commits $3.87 billion to a US chip packaging plant.
In a significant boost to the U.S. semiconductor industry, SK Hynix, the global memory chip powerhouse, has unveiled plans to channel approximately $3.87 billion into constructing a state-of-the-art packaging plant…
Former Snap AI Leader Introduces Higgsfield, Challenging OpenAI’s Sora Video Generator
In an era where artificial intelligence is reshaping creative landscapes, a groundbreaking development has emerged from the confines of OpenAI’s laboratory, introducing a generative AI model named Sora. This cutting-edge…
In-Depth Analysis: Changpeng Zhao’s Upcoming Sentencing and Its Implications for the Crypto Industry
Former Binance CEO Changpeng “CZ” Zhao is set to appear before Judge Richard Jones in the United States District Court for the Western District of Washington on April 30, following…
Raisinghani, a SaaS entrepreneur, secures $5.5 million for new AI project to enhance sales productivity.
In an era where artificial intelligence (AI) is reshaping the operational landscapes of businesses, SiftHub emerges as a beacon of innovation. Founded by Manisha Raisinghani, the former CTO and co-founder…