Xurya secures a US$55 million investment to enhance renewable energy initiatives in Indonesia
Indonesia’s premier renewable energy company, Xurya, has secured a substantial new investment of US$55 million to enhance its operations and drive the nation’s renewable energy sector forward. The funding round…
Detroit Implements New Limits on Police Use of Facial Recognition Technology
The Detroit Police Department, under the terms of a recent legal settlement, has established strict new policies on the use of facial recognition technology. This agreement, designed to serve as…
Uber and Lyft Drivers in Massachusetts to Earn $32 per Hour Under New Law
Starting August 15, Massachusetts rideshare drivers will receive a minimum hourly wage of $32.50 and additional benefits, following a settlement between the state and companies Uber and Lyft. This agreement…
Samsung Electronics workers to stage a strike from July 8-10, according to a union official.
A workers’ union at Samsung Electronics in South Korea has announced a strike from July 8-10, as part of their increasing industrial action against the country’s most valuable company. The…
Decrease in Crypto Hacking Incidents: June Sees a 54.2% Reduction in Losses
June witnessed a significant decline in the financial impact of cryptocurrency hacks, with losses plummeting by 54.2% compared to the previous month. This marked reduction highlights a shift in the…
Apple Aims to Integrate AI Features into Vision Pro Headsets
Apple is set to expand its artificial intelligence capabilities to the Vision Pro headsets, according to Bloomberg’s Mark Gurman. This initiative is part of Apple’s broader strategy to integrate their…
TikTok’s Instagram competitor, Whee, struggles to gain traction
In an unexpected move earlier this month, TikTok launched a new social app called Whee. This Instagram-like service allows users to take and share photos with friends while offering features…
Axelera secures $68M to challenge Nvidia with innovative edge AI chips
Nvidia has been leading the charge in the age of AI hardware, with its high-performance GPUs being employed by some of the world’s largest technology companies to power training and…
Honor claims AI is ‘worthless’ without data privacy.
George Zhao, CEO of Chinese smartphone company Honor, stressed the importance of data protection in the evolving landscape of artificial intelligence. Zhao’s remarks highlight the necessity of safeguarding user data…
Floki Inu Issues Alert on Counterfeit Tokens Across Solana and Base Platforms
Floki Inu, a prominent memecoin project, has issued a warning to its users and the broader cryptocurrency community regarding fraudulent tokens falsely claiming affiliation with its brand. These unauthorized tokens…
TikTok and influencers significantly influence Gen Z’s shopping choices.
Generation Z in the Asia-Pacific region is revolutionizing the fashion industry by taking cues from idols and influencers, significantly driven by the social media platform TikTok, according to a new…
Global Cryptocurrency ATM Installations Approach Historical Peak
The global landscape of cryptocurrency ATMs has witnessed a notable resurgence, with the number of installations nearing its historical peak set in December 2022. Over the past year, the total…
Launch of U.S.-Based Spot Ethereum ETFs Postponed Due to SEC Review Delays
The anticipated launch of spot Ether exchange-traded funds (ETFs) in the United States, initially expected as early as July 2, has encountered delays. The U.S. Securities and Exchange Commission (SEC)…
Global Climate Tech Firm Aether Fuels Secures $34M in Series A Funding
Global advanced climate technology company Aether Fuels has announced securing $34 million in Series A financing from a syndicate of global investors. The funding aims to accelerate the company’s efforts…
Nigerian Chair Highlights Blockchain and AI as Tools Against Illicit Financial Flows in Africa
At the recent Pan-African Conference on Illicit Financial Flows and Taxation, Olanipekun Olukoyede, the chairman of Nigeria’s Economic and Financial Crimes Commission (EFCC), emphasized the critical role of blockchain technology…
Chinese AI startups move to Singapore to drive global expansion
When Wu Cunsong and Chen Binghui founded their artificial intelligence startup, Tabcut, two years ago in Hangzhou, China, they quickly encountered numerous challenges, including a lack of venture capital. This…
U.S. Court Advances Majority of SEC Claims in Lawsuit Against Binance
In a significant development, Binance, the world’s largest cryptocurrency exchange, faces continued legal challenges as a U.S. court has decided to allow most claims lodged by the Securities and Exchange…
Billionaire Expresses Skepticism on Significant Bitcoin Price Increases
Peter Thiel, the former CEO of PayPal and a prominent investor through his Founders Fund, has voiced skepticism about the potential for a significant increase in Bitcoin’s price from its…
India’s opposition urges Modi government to investigate Foxconn’s hiring practices
NEW DELHI – India’s opposition Congress party has called on Prime Minister Narendra Modi’s government to scrutinize Foxconn‘s hiring practices following a Reuters report that revealed the Apple supplier excludes…
IRS Unveils Final Guidelines for Crypto Broker Reporting Regulations
On June 28, the United States Internal Revenue Service (IRS) announced the completion of its final draft concerning new reporting requirements for crypto brokers. These new regulations aim to refine…