Over 700 ByteDance employees laid off in Malaysia as AI takes center stage
ByteDance, the Chinese parent company of TikTok, has laid off over 700 workers from its Malaysian unit as it pivots towards a more AI-driven approach to content moderation, according to…
Dubai’s Crypto Regulator Takes Action Against Unlicensed Firms
Dubai‘s Virtual Assets Regulatory Authority (VARA) has launched a significant crackdown on unregulated cryptocurrency companies and those violating its marketing regulations. On October 9, VARA announced that it had issued…
Ticketmaster Leads the Way with Apple Wallet’s New iOS 18 Features
Ticketmaster is the first ticketing company to adopt the new, enhanced Apple Wallet features introduced with iOS 18. The update allows event tickets in the Apple Wallet app to display…
New AMD AI chip aims to challenge Nvidia’s dominance
AMD introduced a new artificial intelligence chip, the Instinct MI325X, on Thursday, aiming to challenge Nvidia’s dominance in the data center GPU market. The chip is set to enter production…
Argentina Surpasses Brazil in Cryptocurrency Inflows
Argentina has officially overtaken Brazil as the leading country in Latin America for cryptocurrency inflows. Between July 2023 and June 2024, Argentine crypto users deposited an astonishing $91 billion in…
South Korea Permits Division of Cryptocurrency Holdings in Divorce Settlements
Married couples in South Korea can now legally divide their cryptocurrency holdings during divorce proceedings, according to IPG Legal, a law firm specializing in the country’s legal system. This development…
GM Drops Ultium for Alternative Battery Technologies
General Motors (GM) is moving away from its standardized Ultium battery system, opting for a more varied approach with different battery cell chemistries and formats. This change diverges from GM’s…
FBI Unveils Cryptocurrency Initiative to Investigate Crypto Price Manipulation
The FBI has adopted an innovative approach to combating price manipulation in cryptocurrency markets by creating its own token, NexFundAI, as part of a comprehensive investigation into fraudulent activities. This…
Porsche Issues Recall for Over 27,000 Taycan EVs Due to Battery Short Circuit Risk
Porsche has issued a recall affecting more than 27,000 of its Taycan electric vehicles due to the risk of a short circuit in one of the battery’s cell block modules.…
Thai SEC Proposes Inclusion of Crypto Products in Mutual and Private Funds
Thailand’s Securities and Exchange Commission (SEC) has made a significant move to accommodate the increasing interest in cryptocurrency investments from institutional investors. On October 9, the finance regulator proposed allowing…
DeepMind and University of Washington Researchers Win 2024 Nobel Prize in Chemistry
DeepMind researchers Demis Hassabis and John Jumper, alongside University of Washington professor David Baker, have won the 2024 Nobel Prize in Chemistry for their significant contributions to understanding the structure…
IREN Faces Lawsuit Over Alleged Overstatements in Computing Capabilities
IREN, previously known as Iris Energy, is currently facing a class-action lawsuit from investors who claim that the crypto mining company misrepresented the capabilities and readiness of its high-performance computing…
ByteDance introduces Ola Friend earbuds exclusively in China
ByteDance, the parent company of TikTok, has launched its first set of earbuds, marking a deeper move into hardware. Priced at $170, the new Ola Friend earbuds are only available…
Crypto-Mining Malware Infects 28,000 Users But Nets Only $6,000
A recently discovered malware, which infected tens of thousands of devices, managed to yield surprisingly low profits for the effort involved. Cybersecurity firm Doctor Web reported on October 8 that…
Amazon launches AI tech to streamline package deliveries
Amazon announced on Wednesday the launch of Vision-Assisted Package Retrieval (VAPR), an AI-powered technology designed to streamline package deliveries for its electric vehicle fleet. The new system, which integrates vision-based…
Cardano Implements Argentina’s First Legally Enforceable Smart Contract
The Cardano blockchain is pioneering legal technology in Argentina by hosting the first smart contract that is enforceable under Argentine law. This development represents a significant integration of blockchain technology…
Bluesky Uses Meta’s Moderation Woes to Draw Users to Its Platform
Bluesky has gained attention on Threads, Meta’s social media platform, as more users express frustrations over Meta’s content moderation. Meta has been facing criticism for its moderation policies on Threads,…
Amazon’s latest warehouse tech to deploy 10 times more robots
At its Delivering the Future event on Wednesday, Amazon revealed plans for its next-generation robot-powered delivery warehouses. The first of these advanced fulfillment centers is located in Shreveport, Louisiana. Spanning…
Ryan Salame Seeks to Delay Prison Report Date to December 7
Ryan Salame, formerly co-CEO of FTX Digital Markets, is set to commence a prison sentence of seven-and-a-half years. However, recent developments have led him to request a postponement of his…
Canva Reverses Price Hike After Customer Backlash
Canva has reversed its decision to raise prices by up to 300% for long-term customers, responding to backlash from small businesses and other users. Initially, the Sydney-based design software company,…