In a significant development U.S.-headquartered digital currency exchange CrossTower has set up a local unit in India and has launched a trading platform to increase its traction in the burgeoning domestic crypto market. The development comes at a time when the fate of cryptocurrency is still unclear in India. CrossTower India has hired 35 people…
On Monday, Oliver Blume, the CEO of luxury sports car maker Porsche AG said, the carmaker is attracting huge demand for its all-electric coupe Taycan model, causing wait times to stretch to up to six months. “Our original production capacity for the Taycan was 20,000 units this year – we’ve sold that many in the…
On Friday, China’s Semiconductor Manufacturing International Corp said, it will invest $8.87 billion to build a chip plant in Shanghai. The development underscores Beijing’s efforts to boost its independence in the chip manufacturing sector. The development comes at a time when global chipmakers are struggling to fulfill orders from the electronics and automotive industries triggering new…
In a statement the CEO of global cryptocurrency exchange Binance said, its U.S. arm could potentially see an initial public offering in the next three years. “Binance.US is just going to do what Coinbase did,” said Zhao. He went on to add, Binance.US is set to close on a large private funding round in the…
On Wednesday, in a statement Royal Dutch Shell announced its plans to significantly expand its network of electric vehicle charging points in Britain. Shell plans on installing 50,000 on-street charging stations by 2025; it plans on implementing its plan through ubitricity, an on-street charging point company that it acquired earlier this year in February. Incidentally,…
OpenAI’s decision to establish London as its largest research hub outside the United States reflects a deeper recalibration of how leading artificial intelligence companies position themselves in an increasingly competitive and politically sensitive global landscape. The move is not merely an expansion of office space; it signals the convergence of talent, regulation, capital and geopolitics…
DeepSeek’s decision to withhold early access of its latest artificial intelligence model from major U.S. chipmakers marks a subtle but significant shift in the geopolitics of advanced computing. In an industry where collaboration between software developers and hardware manufacturers has long been standard practice, the move signals a recalibration shaped less by technical necessity and…
ByteDance’s proposed secondary share sale, led by early investor General Atlantic, is poised to value the Chinese technology giant at approximately $550 billion—an inflection point that underscores the company’s transformation from a fast-growing startup into one of the world’s most valuable privately held enterprises. The transaction reflects not merely investor enthusiasm but structural forces shaping…
Samsung Electronics has unveiled its latest flagship lineup, the Galaxy S26 series, pairing new artificial intelligence integrations and hardware refinements with price increases in key markets. The launch arrives at a pivotal moment for the global smartphone industry, as soaring memory chip prices and intensifying AI competition reshape cost structures and competitive dynamics. The decision…
As artificial intelligence systems expand across industries and geographies, scrutiny over their environmental footprint has intensified. OpenAI Chief Executive Sam Altman has entered that debate forcefully, rejecting claims that AI systems such as ChatGPT consume excessive water per query and arguing that energy comparisons between machines and humans are often framed misleadingly. His remarks reflect…
Renault is moving to assume full ownership of Flexis, the electric van joint venture it launched with Volvo Group and later joined by shipping major CMA CGM, in a decisive step that underscores the carmaker’s effort to centralize control over its next-generation commercial vehicle strategy. The agreement, expected to be completed by the first half…
Shares of IDFC First Bank plunged sharply after the lender disclosed suspected fraudulent transactions amounting to about ₹5.9 billion, triggering a swift reassessment of risk among investors and exposing the fragile psychology that often surrounds mid-sized financial institutions. The stock dropped as much as 20% intraday before trimming losses, marking one of its steepest single-session…
A year ago, videos of China’s humanoid robots wobbling through public demonstrations invited skepticism and online mockery. Machines stumbled during marathon trials, faltered in balance tests, and appeared more theatrical than practical during televised performances. Twelve months later, the same category of robots is executing aerial flips, coordinated kung fu routines, and tightly synchronized choreography…
The euro zone’s sharper-than-anticipated drop in inflation has prompted renewed debate inside the European Central Bank about the forces reshaping price dynamics. While energy base effects and softer domestic demand played their part, a less conspicuous but increasingly influential driver has been the surge in competitively priced imports from China. The influx has exerted downward…
When Rick Woldenberg assumed leadership of his family’s educational toy company nearly three decades ago, his priorities revolved around product design, distribution logistics and classroom innovation. Litigation against the federal government was not part of the business plan. Yet a sweeping tariff regime transformed the Illinois-based company into an unlikely protagonist in one of the…
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