South Korea and Singapore to Strengthen Ties with Strategic Partnership
South Korea and Singapore have agreed to establish a strategic partnership next year, as announced by Singapore’s Prime Minister Lawrence Wong during a joint press conference with South Korean President…
Hong Kong Plans to Increase Licensing for Crypto Exchanges by Year-End
Hong Kong’s financial regulator, the Securities and Futures Commission (SFC), has announced its intention to issue additional licenses to cryptocurrency exchanges and digital asset firms operating within the region by…
Crypto Adoption on Track to Hit 8% by 2025
Global cryptocurrency adoption is nearing a significant milestone, with 7.51% of the world’s population currently utilizing digital currencies, according to a recent report by MatrixPort. This trend indicates a shift…
China urges US to lift sanctions on semiconductor and vehicle firms
China’s Commerce Minister, Wang Wentao, expressed “serious concerns” on Tuesday in a call with U.S. Secretary of Commerce Gina Raimondo regarding U.S. semiconductor policies and restrictions on Chinese connected vehicles.…
Palau Launches Blockchain-Enabled Savings Bonds in Collaboration with Soramitsu
The Republic of Palau has unveiled a groundbreaking initiative, Palau Invest, which features a blockchain-based savings bonds prototype system. This development comes with the full support of Japan’s Ministry of…
AI Fund led by Andrew Ng makes first India investment with Jivi
Andrew Ng-led AI Fund has made its first investment in India, backing the AI-powered healthcare startup Jivi. The announcement was made on Tuesday, marking the fund’s entrance into India’s burgeoning…
VESSL AI raises $12M to slash GPU costs for machine learning models
South Korean startup VESSL AI has raised $12 million in a Series A funding round, focusing on its machine learning operations (MLOps) platform that promises to reduce GPU expenses by…
Huawei introduces HarmonyOS Next to compete with iOS and Android
Huawei Technologies is set to release its new mobile operating system, HarmonyOS Next, on Tuesday, positioning it as a competitor to Apple’s iOS and Google’s Android. This launch is part…
Super Micro stock jumps following AI GPU shipment announcement
Super Micro Computer‘s shares saw a significant 15% rise following the company’s announcement that it is now shipping over 100,000 graphics processing units (GPUs) used for artificial intelligence every quarter.…
National Bank of Bahrain Launches First Bitcoin Investment Fund
The National Bank of Bahrain (NBB) has made a significant move in the financial landscape by launching its inaugural Bitcoin investment fund, aimed specifically at institutional investors within the Gulf…
Samsung apologizes after missing third-quarter profit expectations
Samsung’s Vice Chairman, Jun Young-hyun, the new head of the company’s Device Solutions Division, issued a rare apology on Tuesday following the company’s disappointing third-quarter profit guidance. The apology came…
AI Boom Has Room to Grow Says Foxconn Chairman Amid Language Model Evolution
Foxconn CEO and Chairman Young Liu has indicated that the surge in corporate investment in artificial intelligence (AI) infrastructure will continue as large language models (LLMs) advance. In an interview…
Nissan Joins ChargeScape with Major Investment in EV Charging Tech
Nissan Motor announced on Monday that it will invest in ChargeScape, an electric vehicle (EV) battery charging technology company. While the investment amount remains undisclosed, Nissan will acquire a 25%…
Samsung denies interest in separating chip manufacturing division
Samsung Electronics has ruled out the possibility of spinning off its contract chip manufacturing, known as its foundry business, as well as its System LSI logic chip design operations, despite…
US Files Complaints to Seize Assets from North Korean Hackers
On October 4, the United States government initiated legal action to seize over $2.67 million in digital assets that were reportedly stolen by the notorious Lazarus Group, a hacking organization…
China Faces EU Tariffs on Electric Vehicles as Trade Dispute Grows
The European Union has initiated a significant economic measure against China by imposing tariffs on electric vehicles (EVs), escalating the risk of retaliatory actions and potential repercussions for domestic businesses…
Strong AI Demand Propels Foxconn to Record Third-Quarter Revenue
Foxconn, the world’s largest contract electronics manufacturer, has exceeded market expectations, posting record third-quarter revenue driven by robust demand for artificial intelligence (AI) servers. Revenue surged 20.2% year-on-year to T$1.85…
Tata iPhone Component Plant Shuts Down Indefinitely After Fire Incident
Production has been indefinitely halted at Tata Electronics’ plant in southern India, following a fire that broke out over the weekend. The facility, which produces key components for Apple’s iPhone,…
AI Chip Market Challenges Threaten Samsung’s Profit Growth
Samsung Electronics is expected to report a substantial recovery in quarterly profit, with projections of over a four-fold increase to 10.33 trillion won ($7.67 billion) for the quarter ending September…
Mark Zuckerberg Surpasses Jeff Bezos as World’s Second Richest Person
Mark Zuckerberg has ascended to become the world’s second-richest person, surpassing Jeff Bezos according to the Bloomberg Billionaires Index. On Thursday, Zuckerberg’s net worth reached an impressive $206.2 billion, eclipsing…