FTX customers set to receive more than expected in reorganization plan
Cryptocurrency exchange FTX has made a surprising announcement that may bring relief to its customers. According to a court filing, almost all customers of the [more…]
Category: Technology
PLDT in talks to sell stake in data centre business to Japan’s NTT, valuation at $750 million
In a move set to reshape its data centre landscape, the Philippines’ leading telecommunications giant, PLDT, is in advanced discussions to sell up to 49% [more…]
British startup Wayve hits the accelerator with $1.05 billion funding boost
In a move set to redefine the landscape of self-driving cars, British startup Wayve announced a staggering $1.05 billion investment round, spearheaded by SoftBank, Japan’s [more…]
Alipay+ targets global expansion in Europe, Latin America, and Middle East
In a move to expand its global presence, Chinese fintech giant Ant Group is leveraging its digital offering, Alipay+, to connect mobile payment apps worldwide. [more…]
Presight acquires majority stake in AIQ, accelerating A.I. integration in energy sector
In a move aimed at advancing the integration of artificial intelligence (AI) in the energy sector, Abu Dhabi-based AI firm Presight has acquired a 51% [more…]
Microsoft commits $1.7 billion to expand A.I. infrastructure in Indonesia, plans data centers and training for 2.5 million
Microsoft is making moves in Indonesia that could change the game for cloud services and artificial intelligence. The tech giant announced a whopping $1.7 billion [more…]
Meituan to launch food-delivery platform in Riyadh, marking first overseas expansion
Meituan, the Chinese on-demand local services giant, is gearing up for its first international expansion, with plans to launch its food-delivery platform in Riyadh, Saudi [more…]
ByteDance mulls shutting down TikTok in U.S. instead of selling, sources say
ByteDance, the parent company of TikTok, is facing a tough decision in the United States. If the Chinese tech giant exhausts all legal avenues to [more…]
Apple boosts iPhone production in India, diversifies away from China
Technology giant Apple has reportedly manufactured a whopping $14 billion worth of iPhones in India during the last fiscal year. This significant production milestone marks [more…]
Hong Kong Web3 Festival wraps up with Bitcoin boom and ETF hopes
Hong Kong’s recent Web3 Festival buzzed with enthusiasm as industry leaders and enthusiasts gathered to discuss the future of cryptocurrencies, particularly bitcoin. The festival concluded [more…]