Apple’s iPhone sales surge by nearly 40% in China in May

Apple Inc’s smartphone shipments in China saw a significant increase of 39.6% in May compared to the same month last year, according to data from the China Academy of Information and Communications Technology (CAICT). This substantial growth highlights Apple’s dominant position in the Chinese market amid a broader rise in demand for foreign-branded smartphones. Foreign-branded… Continue reading Apple’s iPhone sales surge by nearly 40% in China in May

This 2-year-old startup just got $120 M to build an AI chip and counter Nvidia

In the ever-evolving landscape of artificial intelligence, a two-year-old startup, Etched, has emerged with a bold mission: to challenge Nvidia’s dominance in the AI chip market. Founded by Harvard dropouts and headquartered in Cupertino, California, Etched has recently raised $120 million in venture funding to develop its competitive AI chip, Sohu. This significant investment positions… Continue reading This 2-year-old startup just got $120 M to build an AI chip and counter Nvidia

Maldives seeks alliances with China as Fitch downgrades its credit rating to junk status

Maldives Trade Minister Mohamed Saeed held discussions with senior officials from Chinese banks to form strategic alliances aimed at boosting the Maldivian economy. This comes as the US credit rating agency Fitch downgraded Maldives’ credit rating to junk status, raising concerns about the country’s ability to repay its foreign debt. High-level talks with Chinese banks… Continue reading Maldives seeks alliances with China as Fitch downgrades its credit rating to junk status

Crypto exchange Bybit rises to second place globally, says Kaiko report

Bybit, one of the world’s top three cryptocurrency exchanges by trading volume, has experienced a significant surge in market share according to Kaiko’s latest data debrief report. The report highlights Bybit’s impressive growth, especially after launching spot Bitcoin ETFs in the US, positioning it as a major player in the global crypto trading landscape. Since… Continue reading Crypto exchange Bybit rises to second place globally, says Kaiko report

Toyota, Denso, and Toyota Industries to sell $1.1 billion in Aisin shares

Toyota Motor Corp., Denso Corp., and Toyota Industries Corp. have announced plans to sell shares worth approximately ¥178 billion ($1.1 billion) in Aisin Corporation. The decision is part of a broader strategy to enhance capital efficiency and drive future growth for the group while maintaining strong capital ties. Sale to fund strategic investments The trio’s… Continue reading Toyota, Denso, and Toyota Industries to sell $1.1 billion in Aisin shares

Cardano (ADA) transitions to decentralized governance as Chang hard fork looms

The Cardano Foundation has unveiled a detailed governance plan ahead of the Chang hard fork, designed to make the blockchain fully decentralized. #Cardano charts a new path with decentralized governance ahead of Chang hard fork. The Interim Constitutional Committee (ICC) takes center stage, guiding pivotal decisions for Cardano’s future. Foundation’s strategic move ensures transparency and… Continue reading Cardano (ADA) transitions to decentralized governance as Chang hard fork looms

Coinbase will not support Ocean-Fetch.ai migration in AI token merger

Coinbase has announced that the crypto exchange will not support the Ocean (OCEAN) and Fetch.ai (FET) token migration as part of the project’s merger into the Artificial Superintelligence Alliance (ASI). On June 26, Coinbase posted a statement on X notifying its customers that the US-based crypto exchange will not implement OCEAN to FET migration “on… Continue reading Coinbase will not support Ocean-Fetch.ai migration in AI token merger