Industry

Backpack Crypto Wallet and Exchange Founder Raises $17M; Startup Company Now Valued at $120 Million

Armani Ferrante made the crypto wallet and exchange venture successful as he raised $17 million in funding to aid global expansion and regulatory compliance as the exchange witnesses growing trading volumes.


Thailand’s Biggest Bank Closes A $860 Million Deal With Home Credit Vietnam

SCB X's acquisition of Home Credit's business in Vietnam for US$860 million will help its regional presence in a tech-savvy population.

Baidu's 6% Rise in Fourth-Quarter Revenue Fueled by AI Applications

China's top internet search engine saw a 6% rise in fourth-quarter revenue, buoyed by AI applications and expanding advertising, with adjusted net income soaring by 44%.

Tata Motors' $5 Billion Battery Factory Will Be in England, Promising 4,000 Job Opportunities

Tata announces that the new $5 billion battery factory in Bridgwater, Somerset will not just create 4,000 jobs, but will also drive Britain's electric vehicle transition.


Latest News

The lawsuit reveals that Nintendo aims to permanently shut down Yuzu, the emulator enabling Legend of Zelda play on Steam Deck, alleging copyright violations and unauthorized game access.
Apple is reportedly abandoning its "Project Titan" work on developing an autonomous electric car.
Here's a look at some of the latest gadgets that were revealed at this year's Mobile World Congress (MWC) in Barcelona, Spain.
A Willy Wonka-inspired fan experience in Glasgow, Scotland, did not leave a sweet taste to ticketholders.
Hackers believed to be from Vietnam, found a way to exploit vulnerabilities in Meta's Oculus system and bypass two-factor authentication.
Sony's layoff of 8% of its PlayStation workforce and the closure of PlayStation's London Studio follows Microsoft's gaming division layoff plan.
While in Japan, Zuckerberg will advance Meta's initiatives, help with AI development, integrate 350,000 Nvidia chips by 2024, and attend Mukesh Ambani's son's pre-wedding celebrations.
The Online Harms Act mandates internet platforms to regulate and remove harmful content, drawing parallels with European initiatives.
The lawsuit seeks reparations ranging from £600 million ($760 million) to £5 billion ($6 billion), highlighting concerns over pricing disparities between the UK and US markets.
By the third quarter of 2024, the streaming services in the U.S. will reach $17.3 billion, mostly driven by ad tiers and strategic collaborations.
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