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 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 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 moreBitcoin is getting more attention from traditional investors who are new to the digital asset world through US exchange-traded funds. The biggest cryptocurrency had a big jump on Friday when a report showed that US employment didn't grow as much as expected. This made people think that interest rates...
Read moreApple Inc., one of the biggest companies in the world, has made headlines with its latest move. The tech giant recently revealed its plans for a massive stock buyback program, setting a new record for the largest buyback ever announced in the United States. The company's board of directors...
Read moreMicrosoft CEO Satya Nadella has promised to invest $2.2 billion in Malaysia for digital infrastructure. This investment is part of Microsoft's strategy to focus on Asia's growing technology market. Over the next four years, Microsoft plans to use this money to build infrastructure for its cloud computing and artificial...
Read moreMicrosoft has announced a big investment in Indonesia to bring cloud services and artificial intelligence (AI) to the country. The company will be investing $1.7 billion over the next four years. This investment will include building data centers and expanding AI infrastructure in Indonesia. The CEO of Microsoft, Satya...
Read moreElon Musk, the CEO of Tesla Inc., surprised many by making a sudden visit to China on Sunday. He was there to seek approval for new driver-assistance software that could potentially help boost the carmaker's revenue. During his visit, Elon Musk met with Premier Li Qiang, who played a...
Read moreKorean companies are dominating the corporate dollar bond market, surpassing their Chinese counterparts with a record-breaking surge in issuance. Data compiled by Bloomberg reveals that dollar bond offerings from South Korea have seen a remarkable 17% increase, reaching an unprecedented $17.6 billion so far in 2024. This surge not...
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