Apple Expands Indian Market Reach with New Airtel Streaming Deal
Apple is partnering with India’s Bharti Airtel to offer its music and video streaming services for free to Airtel’s premium customers. This collaboration provides Apple access to thousands of potential…
Nvidia Board Approves Massive $50 Billion Share Repurchase Plan
Nvidia has announced a $50 billion stock buyback, following approval by its board of directors. The announcement was made alongside the company’s fiscal second-quarter earnings report, which exceeded Wall Street…
PlayStation 5 Price Hike Announced by Sony in Japan
Sony has announced a 19% price increase for its PlayStation 5 console in Japan, citing challenges related to the global economic environment. Starting September 2, the PS5 will retail at…
Samsung SDI, GM Agree on $3.5 Billion EV Battery Facility in US
Samsung SDI, a South Korean battery maker, has finalized an agreement with General Motors (GM) to build a joint electric vehicle (EV) battery factory in Indiana, USA. The two companies…
AI Drives Baidu’s Strategy as Ad Revenue Drops
Baidu has emphasized its leadership in artificial intelligence (AI) as a strategic advantage in navigating an increasingly competitive market, despite a slight decline in quarterly revenue. This statement comes during…
Infineon Settles Qimonda Legal Dispute for $837 Million
Infineon Technologies AG, a German chipmaker, has agreed to pay 753.5 million euros ($837.21 million) to settle a long-standing legal dispute with Qimonda AG’s insolvency administrator. This settlement concludes a…
GM Restructures Software Division with 1,000 Workforce Reduction
General Motors (GM) is laying off over 1,000 salaried employees globally in its software and services division as part of a strategic move to streamline operations and focus on high-priority…
UK Approves Amazon for Prime Air Drone Delivery Trial
Amazon is set to participate in a new trial in the United Kingdom to expand the use of drones for commercial deliveries. The country’s Civil Aviation Authority (CAA) announced that…
Alibaba Earnings Fall Short as Cloud Business Shows Growth
Alibaba reported lower-than-expected earnings for the June 2024 quarter, missing both top- and bottom-line expectations as it continues to struggle with challenges in its core e-commerce business. Despite ongoing efforts…
Tencent-Backed Airwallex Reaches $500 Million in Sales, Eyes IPO Readiness
Airwallex, a payments startup backed by Tencent, has reached a significant milestone with an annual revenue run rate of $500 million. CEO and co-founder Jack Zhang revealed the company’s aim…
Tencent’s Profit Soars 82% as Gaming Division Drives Growth
Tencent, the Chinese tech giant, reported an 82% surge in its quarterly profit, driven by accelerated growth in its key gaming division. The company surpassed both revenue and profit expectations…
Singapore’s Syfe Secures $27M to Accelerate Growth in Key Markets
Singapore-based investment platform Syfe has secured $27 million in a Series C funding round to accelerate its growth across the Asia Pacific region, focusing on expanding its services in Singapore,…
Intel Reduces Arm Holdings Investment, Raises $146.7 Million
Intel sold its 1.18 million share stake in British chip designer Arm Holdings during the second quarter, according to a regulatory filing on Tuesday. This sale would have generated approximately…
Antler Secures $72M for Second Southeast Asia Startup Fund
Antler has reinforced its commitment to Southeast Asia with the successful closure of its second regional startup fund, raising $72 million. This fund aims to support early-stage startups in key…
Chinese AV Startup WeRide Prepares for Big U.S. Market Debut
WeRide, a Chinese autonomous vehicle (AV) startup, is actively preparing for its debut on the U.S. stock market. The company has filed with the Securities and Exchange Commission (SEC) to…
Anduril Industries Secures $1.5 Billion in Funding, Now Worth $14 Billion
Anduril Industries, a defense technology start-up, announced a significant milestone on Wednesday, raising $1.5 billion in its Series F funding round. This latest capital influx has elevated the company’s valuation…
New Services Coming to Airbnb: Co-Hosting, Experiences Relaunch and More
Airbnb CEO Brian Chesky announced on Tuesday’s Q2 earnings call that the company will expand its services beyond short-term rentals to include co-hosting, relaunching its “experiences,” guest services, and more.…
Elon Musk’s X Lawsuit Forces GARM to Close, Signaling Potential Industry Shifts
A recent antitrust lawsuit filed by Elon Musk’s X has led to the sudden shutdown of the Global Alliance for Responsible Media (GARM), a key initiative under the World Federation…
Rossmann Cuts Ties with Tesla Over Musk’s Political Stance
European drugstore giant Rossmann announced on Tuesday it will no longer purchase Tesla’s electric vehicles for its fleet, effective immediately. This decision follows Tesla CEO Elon Musk’s public support for…
Tech CEOs Reverse RTO Mandates with Only 3% Requiring Full-Time Office Work
Tech firms have spent the last two years urging workers back into the office, often using layoffs as a threat. Even Zoom shifted back to in-person work last year. However,…