Asia - CybAI news

19 Aug

Kim Dotcom Vows to Continue Legal Fight Against Extradition

stp2y0 CommentsRAG modelsAsia, Federal Bureau of Investigation, Government, New Zealand, Paul Goldsmith, Technology

Kim Dotcom, the internet entrepreneur facing extradition from New Zealand, vowed to continue his legal battle after the government confirmed he should face trial in the US.“I love New Zealand. I’m not leaving,” Dotcom posted on X after the news was reported late last week. He told his followers not to worry because he had a plan, without providing any details. Source link lol

18 Aug

Juice Spacecraft to Pass Earth En Route to Jupiter

stp2y0 CommentsRAG modelsAsia, Caroline Harper, EUROPEAN SPACE AGENCY, Great Britain, infrastructure, Materials, Pacific Ocean, science, Space Exploration, Technology, UK SPACE AGENCY

The European Space Agency's Juice craft will return to Earth on Monday night, taking part in a "world first" fly-by.Flight controllers from Esa will guide the Jupiter Icy Moons Explorer (Juice), with UK instruments on board, past the Moon and then Earth. Source link lol

17 Aug

Asia’s Utility Stocks Have Never Had It So Good in Two Decades

stp2y0 CommentsRAG modelsartificial intelligence, Asia, china, india, japan, policy, stocks, Technology, TORRENT POWER LTD, Utilities, YTL CORP BHD

Utilities stocks have emerged as an unlikely favorite of investors in Asia, and bets are growing that their standout rally this year has further to go.Powering the sector’s boom after two years of losses are supportive local policies and the frenzy surrounding artificial intelligence, which is causing a dramatic increase in electricity demand in many parts of the world. As concerns grow about a potential global economic slowdown and rising geopolitical tensions, utilities firms’ high dividend payouts and the defensive nature of their stocks are also being touted as tailwinds. Source link lol

16 Aug

Texas Instruments Wins $4.6 Billion in Chips Act Grants, Loans

stp2y0 CommentsRAG modelsAsia, construction, INTEL CORP, jobs, policy, science, TAIWAN SEMICONDUCTOR MANUFAC, Technology, Texas, TEXAS INSTRUMENTS INC, Utah

Texas Instruments Inc. is set to receive $1.6 billion in Chips Act grants and $3 billion in loans, the Biden administration announced Friday, marking the latest major award from a program designed to boost American semiconductor manufacturing. The funding will help pay for one factory in Utah and two in Texas — projects that will cost about $18 billion through 2029 — the Commerce Department said in a statement. The effort is expected to generate around 2,000 manufacturing jobs and thousands more in construction. Source link lol

16 Aug

Tech Rally Propels Emerging Stocks To Best Week in Four Months

stp2y0 CommentsRAG modelsALIBABA GROUP HOLDING-SP ADR, Asia, Bonds, Currency, Emerging Markets, SAMSUNG ELECTRONICS CO LTD, South Africa, stocks, TAIWAN SEMICONDUCTOR MANUFAC, Technology, US Dollar Spot

Emerging-market stocks rallied on Friday, driven by tech companies in Asia, following US data which boosted investor optimism that the world’s biggest economy will avoid a recession. The MSCI gauge for developing world stocks climbed as much as 1.6%, extending their weekly gains to 2.8%, on track for the biggest since April. Taiwan Semiconductor Manufacturing Company, Samsung Electronics Co and Alibaba Group Holding are the biggest contributors to the rally. Source link lol

16 Aug

Japan’s Foreign Trade Law Adds Chip Gear to Secure Supply Chains

stp2y0 CommentsRAG modelsAsia, business, Fumio Kishida, Government, japan, law, politics, regulation, Technology

Japan has decided to apply foreign trade regulations to chipmaking equipment as part of its efforts to secure stable supply chains, the Ministry of Finance said on Friday. Foreign investors are now required to give prior notice when conducting direct investment in equipment tied to chipmaking, including acquiring a 1% or bigger stake in a listed company or buying shares in an unlisted company, the ministry said. Source link lol

15 Aug

Mobile Networks Market Sees ‘Glimmer of Hope’ After Long Decline

stp2y0 CommentsRAG models5G Network, Asia, china, cities, DELL TECHNOLOGIES -C, ERICSSON LM-B SHS, india, NOKIA OYJ, North America, Radio, Technology

The years-long decline in demand for radio access networks that has battered sales at mobile equipment makers Ericsson AB and Nokia Oyj is showing signs of stabilization, according to a report from Dell’Oro Group Inc.Three of the six regions tracked by Dell’Oro showed signs of growth in the second quarter, compared to one region in the prior period, said the Redwood City, California-based telecom research company, whose reports are widely watched by the industry. Source link lol

15 Aug

Grab Revenue Misses Estimates in Sign Turnaround Still Fragile

stp2y0 CommentsRAG modelsAsia, Earnings, Indonesia, Interest Rates, new york, Peter Oey, Southeast Asia, startups, Taxes, Technology, UBER TECHNOLOGIES INC

Grab Holdings Ltd. shares slumped after the ride-hailing company reported quarterly revenue growth that trailed estimates, highlighting intense competition in the Southeast Asian market.The stock slid 10% in pre-market trading in New York after the company said revenue rose 17% to $664 million in the three months through June, missing the $676.9 million analysts predicted on average. Adjusted earnings before interest, taxes, depreciation and amortization were $64 million, roughly in line with estimates. Source link lol

14 Aug

Byju’s at Risk of Insolvency Again as Top Court Halts Settlement

stp2y0 CommentsRAG modelsAsia, Debt, Emerging Markets, finance, Government, india, Markets, regulation, startups, supreme court, Technology

Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.Troubled education-technology startup Byju’s is back facing a potential insolvency after India’s top court ordered a stay on a ruling that allowed it to avert bankruptcy. Source link lol

14 Aug

Hon Hai Shipments of Next-Gen Nvidia Chips to Be Limited in 2024

stp2y0 CommentsRAG modelsAmericas, artificial intelligence, Asia, Emerging Markets, engineering, HON HAI PRECISION INDUSTRY, infrastructure, Jensen Huang, NVIDIA CORP, Technology, Utilities

Hon Hai Precision Industry Co. will only start shipping a small volume of servers containing Nvidia Corp.’s next-generation chips in the fourth quarter, signaling the challenges the US AI accelerator designer faces in speeding up its innovation.Hon Hai’s shipments of servers containing GB200, or a Grace processor bundled with an upcoming Blackwell graphic processing unit, will grow significantly only in the first quarter of 2025, company spokesman James Wu told analysts in a conference call on Wednesday. The Taiwanese manufacturer will be one of the first server makers to ship gear containing GB200 chips, Wu added. Source link lol