DMR News
Advancing Digital Conversations
India Intensifies Efforts to Curb Darknet Drug Transactions Through Enhanced Crypto Surveillance
India’s Narcotics Control Bureau (NCB) is stepping up its monitoring of cryptocurrency transactions linked to drug trafficking on the darknet. This initiative is part of a broader national effort to…
Digital Domain Invests $26M in Hong Kong R&D Center for VFX and AI Video
Digital Domain Holdings, known for its Oscar-winning visual effects in Marvel Studios’ blockbuster films, is establishing a new research and development (R&D) centre at Hong Kong Science Park in Sha…
Google Offers Free Access to Faster Gemini 1.5 Flash AI
Google is enhancing the accessibility and efficiency of its Gemini AI assistant by providing free users with access to its 1.5 Flash AI model. This update allows users to experience…
Qoo10’s Korean Branches Under Investigation for Delayed Merchant Payments
The e-commerce market in South Korea, one of the largest globally, faces new challenges as two major platforms, Ticket Monster (TMON) and WeMakePrice, come under scrutiny. The Fair Trade Commission…
Sygnum Bank Achieves Profitability Following Surge in Crypto Trading Volumes
Sygnum Bank, a Swiss-based crypto bank managing $4.5 billion in client assets, has announced it reached profitability in the first half of 2024, spurred by a dramatic increase in cryptocurrency…
OpenAI Debuts SearchGPT: AI-Powered Search Engine Prototype
OpenAI has unveiled SearchGPT, an AI-powered search engine prototype aimed at delivering timely answers by sourcing information from the web. The launch positions OpenAI as a potential competitor to established…
SMC’s AI Cloud Services Set for Global Expansion, CEO Announces
Singapore-based AI cloud provider Sustainable Metal Cloud (SMC) is preparing for a global expansion, driven by increasing demand for its energy-efficient technology. This move was confirmed by the company’s CEO,…
Hashdex Submits S-1 for ETF Featuring Bitcoin, Ether, and Potentially Additional Cryptocurrencies
Digital asset manager Hashdex has made significant strides toward launching a pioneering exchange-traded fund (ETF) in the United States that combines Bitcoin and Ether, with the potential to include other…
The Evolution of Decentralized Finance: Transitioning Towards ‘NewFi’
As the landscape of decentralized finance (DeFi) evolves, the conversation among investors and industry stakeholders is intensifying, particularly with the burgeoning interest from institutional players. This interest has been catalyzed…
Sonos CEO Apologizes for Troubled App Rollout, Promises Fixes
Sonos has publicly apologized for the problematic rollout of its redesigned mobile app, which has led to significant customer frustration and a series of technical issues. The app, released in…
Thailand to Disburse Digital Money to 45 Million Citizens in Economic Stimulus Effort
In a significant move to boost its economy, Thailand‘s finance minister, Pichai Chunhavajira, has confirmed the implementation of a digital money distribution plan set to benefit up to 45 million…
Amazon’s Bold Move: Developing AI Chips to Outpace Nvidia in Cost and Speed
Inside Amazon.com‘s chip lab in Austin, Texas, a team of engineers was busy testing a new server design on a Friday afternoon. This server, loaded with Amazon’s own artificial intelligence…
European Investment Bank Advocates for Enhanced Innovation Financing in the EU
The European Investment Bank (EIB) has recently emphasized the urgent need for increased innovation financing within the European Union. A detailed report released on July 24, 2024, outlines the significant…
Ferrari Expands Cryptocurrency Payment System to Europe Following Success in the U.S.
Ferrari, the renowned Italian luxury sports car manufacturer, is set to broaden its cryptocurrency payment options to its European dealerships starting from the end of July 2024. This expansion follows…
Kamala Harris Takes to TikTok for Presidential Campaign Outreach
Vice President Kamala Harris officially launched her TikTok account on Thursday, July 25, adding a new dimension to her 2024 presidential campaign strategy. This move marks a significant step in…
Jio Joins Forces with MediaTek to Revolutionize the Two-Wheeler EV Market
India’s conglomerate Jio has partnered with Taiwanese semiconductor leader MediaTek to enhance the growing electric scooter market with advanced digital dashboards. Announced at an industry event in New Delhi on…
Republican Senator Withdraws Support for Elizabeth Warren’s Anti-Crypto Bill
United States Senator Roger Marshall, a Republican, has officially withdrawn his support for the Digital Asset Anti-Money Laundering Act (DAAMLA), a notable anti-cryptocurrency bill he co-sponsored with Democratic Senator Elizabeth…
Toyota Announces Plans for New EV Battery Plant to Power Future Lexus Models, Reports Nikkei
Japan’s Toyota Motor Corporation is planning to build a new battery plant for electric vehicles (EVs) in Fukuoka, located in the southwestern region of Japan. The Nikkei business daily reported…
SK Hynix Announces $6.8 Billion Chip Plant in South Korea, Boosting Nvidia Supply Chain
Memory chip giant SK Hynix announced on Friday plans to invest 9.4 trillion Korean won ($6.8 billion) in constructing a new semiconductor manufacturing plant. The new facility, known as a…
IBM Boosted by Growing Demand for Software and AI Despite Decline in Consulting
IBM has exceeded analysts’ expectations for its second-quarter revenue and increased its annual growth forecast for its software division, benefiting from a surge in AI-related spending by clients eager to…