Ingram Micro Ready to Move on Plan for $1 Billion-Plus IPO
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...
Crypto Investment Firm BlockTower Capital Suffers Losses in Hack
BlockTower 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...
Uber to Buy Delivery Hero’s Taiwan Business for $950 Million
Uber 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...
TSMC Reports Phenomenal 60% Surge in April Sales Driven by AI Chip Demand
Taiwan 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...
Apple Nears Deal With OpenAI to Put ChatGPT on iPhone
Apple 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....
Pentagon Teams Up With SpaceX to Block Russia From Using Starlink
Pentagon 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...
WhatsApp, Banned in China, Is Suddenly Working for Some Users
WhatsApp, 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...
TikTok Places ByteDance Founder Among China Moguls in Singapore
ByteDance, 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...
Amazon Commits $9 Billion to Double Singapore Cloud Push
Amazon’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...
Jack Dorsey Leaves Bluesky Board, Calls X ‘Freedom Technology’
Jack 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...
