Xiaomi Corp’s Indian arm will start making wireless audio products in the country through a partnership with electronics manufacturer Optiemus in a push to further localise its operations, the company said on Monday. Xiaomi India will make its first local audio gadget at Optiemus Electronics’ factory in the northern state of Uttar Pradesh, the company said […]
Binance has appointed Richard Teng to head its regional markets outside the United States, at a time when the world’s largest cryptocurrency exchange has been facing scrutiny from U.S. regulators over compliance issues. Teng, who revealed his promotion on his LinkedIn profile, is already heading regions like Asia, Europe and the Middle East. He joined […]
Nvidia Corp said on Monday it was building Israel’s most powerful artificial intelligence (AI) supercomputer to meet soaring customer demand for AI applications. Nvidia, the world’s most valuable listed chip company, said the cloud-based system would cost hundreds of millions of dollars and be partly operational by the end of 2023. Gilad Shainer, a senior vice […]
Tesla Chief Executive Elon Musk is expected to visit China this week, three people with knowledge of the matter said, in what would be his first trip to the country in three years. Musk is expected to meet senior Chinese officials and to visit Tesla’s Shanghai plant, two of the sources said. It was not immediately […]
Chinese Commerce Minister Wang Wentao urged Japan to halt semiconductor export controls, calling it a “wrongdoing” that “seriously violated” international economic and trade rules, a statement from his ministry said on Monday. China’s latest condemnation of the export restrictions was made during Wang’s talks with Japanese Trade Minister Yasutoshi Nishimura on May 26 at the […]
The current global infrastructure financing landscape is a striking showcase of contrasting realities. On the one hand, there’s a vast pool of global financing waiting to be harnessed, with an estimated $31 trillion in assets held by pension and sovereign wealth funds. On the other, there’s a projected $15 trillion gap between global infrastructure needs and spending through […]
From 1970 to 2021, the global urban population surged from 1.19 billion to 4.46 billion, while the Earth’s surface temperature rose by 1.19 degrees Celsius above preindustrial levels. Cities, as engines of prosperity, have been major contributors to climate change. A new World Bank report, Thriving: Making Cities Green, Resilient, and Inclusive in a Changing Climate, suggests that […]
Social media platform TikTok said on Thursday it is in the early stages of exploring a chatbot called “Tako” that can converse with users about short videos and help them discover content, and is conducting tests with select users in the Philippines. OpenAI, backed by Microsoft Corp, last year launched chatbot ChatGPT, offering arguably the […]
Canada’s two biggest lenders, TD and Royal Bank of Canada, missed analysts’ estimates for quarterly earnings on Thursday as tough economic conditions spurred the banks to make higher provisions for borrowers falling behind on repayments. TD, which called off its $13-billion acquisition of U.S.-based First Horizon this month, said it does not expect to meet its medium-term […]
A state-sponsored Chinese hacking group has been spying on a wide range of U.S. critical infrastructure organizations, from telecommunications to transportation hubs, Western intelligence agencies and Microsoft said on Wednesday. The espionage has also targeted the U.S. island territory of Guam, home to strategically important American military bases, Microsoft said in a report, adding that “mitigating […]
