Ingram Micro Inc., a technology company backed by Platinum Equity, is gearing up for a significant milestone as it prepares for an initial public offering (IPO) that could potentially raise over $1 billion. Sources familiar with the matter have indicated that the company is actively moving forward with its...
Read moreBlockTower Capital, a prominent crypto investment firm known for managing $1.7 billion in assets, has recently become the target of a sophisticated cyber attack that has resulted in significant losses for the company. Sources close to the matter, who requested anonymity due to the sensitivity of the information, revealed...
Read moreUber Technologies Inc. has made a significant move in the Asian market by acquiring Delivery Hero SE's Foodpanda business in Taiwan for a hefty sum of $950 million. This strategic purchase underscores Uber's commitment to expanding its presence in the region and solidifying its control over key markets. The...
Read moreTaiwan Semiconductor Manufacturing Co. (TSMC) achieved remarkable growth in April, with sales skyrocketing by 60% to NT$236 billion ($7.3 billion). This surge was primarily fueled by the sustained demand for artificial intelligence (AI) chips, further boosted by the nascent recovery in the consumer electronics sector. The world's leading contract...
Read moreApple is getting ready to bring more artificial intelligence features to the iPhone. They are close to making a deal with OpenAI, a startup that specializes in AI technology. This agreement would allow Apple to use OpenAI's ChatGPT on iPhone. ChatGPT is a feature that uses AI to help...
Read morePentagon officials and Elon Musk's SpaceX have stopped the Russian military from using Starlink internet terminals without permission in the war with Ukraine. The Defense Department's space policy chief confirmed this action, which prevented Russia from accessing the high-speed internet service during the conflict. The Russian military had been...
Read moreWhatsApp, a popular messaging service, is now working for some users in China, despite being banned by the government for years. This is a surprising development in a country known for having strict internet restrictions. Normally, people in China use virtual private networks (VPNs) to access WhatsApp. But recently,...
Read moreByteDance, the company behind the popular app TikTok, has been in the news recently due to a lawsuit against the US government. The lawsuit revealed that Zhang Yiming, the billionaire founder of ByteDance, is currently living in Singapore while maintaining his Chinese citizenship. Zhang's decision to move to Singapore...
Read moreAmazon's cloud computing division, Amazon Web Services (AWS), is planning to invest an additional $9 billion in expanding its cloud infrastructure in Singapore. This significant investment comes after AWS had already allocated over SG$11 billion for the same purpose through 2023. The decision to double down on Singapore highlights...
Read moreJack Dorsey has left the board of Bluesky, a social networking service he helped start a year ago. This happened after he felt bad about selling Twitter to Elon Musk. He made this announcement on X, a platform now owned by Musk. Dorsey is giving money to support open...
Read more
