India’s Oyo, once valued at $10 billion, seeks new funding at 70% discount

techcrunch.com Oyo, the Indian budget-hotel chain startup, is negotiating with investors to raise a new round of funding that could cut the Indian firm’s valuation to $3 billion or lower,…

Worldcoin Price Rises on May 9 New ChatGPT Rumors and Traders Focus on AI Meme Coin for Gains

cryptonews.com Worldcoin ($WLD), the biometric crypto project helmed by OpenAI CEO Sam Altman, has shot up a blistering 37% in the last seven to trade at $6.17 as of this writing. A rumor…

The Morning Download: OpenAI Tackles Fake Images; Apple's AI Chips

cio.createsend1.com Good morning, CIOs. As companies work to leverage the opportunities associated with generative AI, CEOs are looking toward those who bridge technology and business…

P&O Ferries boss asked if he is ‘modern-day pirate’ for paying staff £4.87 an hour

theguardian.com The boss of P&O Ferries has been asked if he is “a pirate” who appears to be “robbing staff blind” – as he confirmed to MPs that the group’s seafarers had been receiving pay…

Nikkei Leads Asian Stocks Higher, But Hang Seng Dips; FX Down

asiafinancial.com Most Asian stock markets extended gains on Tuesday on the back of renewed bets for US rate cuts after last week’s cooler-than-expected jobs data. South Korean shares jumped…

Billion-Dollar Bets: Will These Surprise Moves Supercharge or Sink Microsoft Stock?

investorplace.com Knowing must come before owning. Many passive investors (not to be confused with passive-income investors) just own Microsoft (NASDAQ:MSFT), but they don’t really know what…

Malaysian government defends presence of companies that supply weapons to Israel at defense show

abcnews.go.com Malaysia will not interfere in business relations between arms manufacturers and other countries, its defense minister said after protesters demanded that the government…

Amazon to invest $9bn for cloud infrastructure in Singapore

siliconrepublic.com The investment comes as rivals such as Microsoft have been making significant AI and cloud investments in Asian countries such as Japan and Indonesia. Amazon has shared…

Amazon commits US$9 billion outlay in Singapore to expand cloud infrastructure

scmp.com Including the Singapore investment, AWS has this year announced plans to spend about US$35 billion outside the US, including in Japan Saudi Arabia and Mexico . The company…

Video Streaming Subscriptions Reach Record Levels in Southeast Asia, Representing Rebound

variety.com The video-on-demand streaming sector in Southeast Asia delivered record subscription numbers and subscription revenues in the first quarter of the year, according to a new…

WEEX Exchange Marks 3 Years of Sustained Growth and Innovation, Unveils Highly-Anticipated Platform Coin WEEX WXT

cryptoslate.com With the US SEC’s approval of the spot Bitcoin ETF application, Bitcoin’s price soared to a new historic high of $72,000, bringing cryptocurrencies back into the view of…

Alipay+ Looks to Expand as eWallet Use Grows

pymnts.com China’s Ant Group is reportedly looking to expand use of its payments product Alipay+. “What we found is that people want to use their home e-wallets when they travel…

Shell in talks to sell Malaysian fuel stations to Saudi Aramco, sources say

theglobeandmail.com Energy giant Shell SHEL-N is in talks with Saudi Arabia’s state-owned Saudi Aramco to sell its gas station business in Malaysia, the second-largest such network in the…

Hong Kong police freeze assets linked to crypto exchange JPEX amid $403m fraud wave

dlnews.com After months of hibernation, the JPEX case in Hong Kong has come back to life. On April 18, Hong Kong police officials said they froze assets worth more than US$29 million…

Texas secessionists appear to change their policy

newsweek.com A campaign group pushing for Texas to leave the United States and become a fully independent nation has suggested the Lone Star State wouldn't have to take a share of…

ByteDance lifestyle app Lemon8 sees popularity surge in the US as TikTok faces sell-or-ban ultimatum

scmp.com It has been the most downloaded lifestyle app on Apple ’s App Store in the US since April 7, ahead of Pinterest and dating platform Tinder . It was briefly unseated by…

Truth of Malaysian court ruling on Shariah laws is being twisted

asia.nikkei.com Shanmuga Kanesalingam is a partner at Kuala Lumpur-based law firm Kanesalingam & Co. and co-founder of the Malaysian Centre for Constitutionalism and Human Rights.…

Philippines Vows To De-Escalate South China Sea Tensions, Dismisses Use Of Water Cannons: 'Will Not Follow The Chinese Coast Guard...Down That Road'

benzinga.com The Philippines has pledged to abstain from escalating tensions in the South China Sea, rejecting the use of water cannons or any other offensive weapons. The announcement…

Foreigners spend 700% more on Alipay in China over Labour Day holiday as inbound tourism slowly recovers

scmp.com The app benefited from an increased number of international tourists brought in by China’s new visa-free entry policies, the company said. Spending that international…

Hong Kong’s monetary authority to replace ‘virtual bank’ with ‘licensed digital bank’ to boost public confidence

scmp.com The term “virtual bank” will soon be consigned to history, according to Arthur Yuen Kwok-hang, deputy CEO of HKMA. The de facto central bank started a one-month consultation…

Xi Jinping trip to Europe, Toyota earnings, Malaysia interest rates

asia.nikkei.com Welcome to Your Week in Asia. The world's second largest economy is to strengthen ties with Europe. From May 5 to 10, Chinese President Xi Jinping is on his first trip to…

MSFT Analysis: Why Microsoft Stock Is a Must-Own for Investors in 2024

investorplace.com Microsoft's CEO is a true visionary, making the long-term outlook of Microsoft stock quite bright With Microsoft‘s (NASDAQ: ) cloud services business Azure gaining market…

Stock Market Crash Alert: 7 Must-Buy Nasdaq Stocks When Prices Plunge

investorplace.com These Nasdaq stocks to buy are firing on all cylinders after reporting blowout quarterly earnings The market has been pulling back for the past few weeks and that is the…

EV-Maker Zeekr Plans First Major Chinese IPO in US in Two Years

asiafinancial.com Electric carmaker Zeekr is planning the first major IPO in the United States by a China-based company in more than two years. The group, known formally as Zeekr Intelligent…

Defense chiefs from U.S., Australia, Japan and Philippines vow to deepen cooperation

pbs.org Defense chiefs from the U.S., Australia, Japan and the Philippines vowed to deepen their cooperation as they gathered Thursday in Hawaii for their second-ever joint meeting…

Apple Takes Measured Approach to AI Amid Tech Giants’ Race

pymnts.com As tech giants like Google, Microsoft and OpenAI accelerate their artificial intelligence (AI) efforts, Apple is charting a more deliberate course and expressing optimism…

Elon Musk’s Plan For AI News

bigtechnology.com Elon Musk emailed me this week with some surprising details about his plan to distill and present news on X using AI. I’d written him after trying Grok — X’s AI chatbot —…

Crypto Poker Players Got Robbed Millions Worth of Assets in Singapore

coingape.com Eleven people were robbed in Singapore of multiple items including cryptocurrencies and fiat. A new report from local sources shows that the suspect broke into a house in…

This Is the World’s Safest Country

247wallst.com Looking to move somewhere safer? Tired of dealing with the too-common occurrence of political violence, mass shootings, and other dangers? You’re not alone, and an…

Leonardo DiCaprio & Jane Goodall To Exec Produce ‘Howl’ From Promethean Pictures: Live-Action Film About A Dog And Wolf’s Survival Journey Will Be Told From…

deadline.com Leonardo DiCaprio and revered environmental activist Jane Goodall will executive produce Howl, a film following an abandoned family dog and a young wolf, which will unfold…

US stands to lose Canadian natural gas when LNG Canada terminal starts up

finance.yahoo.com The start-up of LNG Canada, the country's first such export terminal, is likely to strain its natural gas supplies for multiple years and force producers to reduce exports…

ECARX Releases Multiple Intelligent Driving Features for Skyland Pro

benzinga.com SHANGHAI, China, May 03, 2024 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. ECX ("ECARX" or the "Company"), a global mobility technology company, today announced the launch of…

Tiffany Haddish said she got so much hate that she made a fake Instagram, hunted down her trolls, and confronted them

aol.com None Tiffany Haddish described taking revenge on people trolling her online. • None The actor and comedian said she used a fake profile to hunt down where mean comments came…

China's automakers must adapt quickly or lose out on the EV boom in the face of regulatory scrutiny abroad and competition at home

cnbc.com BEIJING — Chinese automakers, including state-owned auto giant GAC Group, can't afford to take it easy in the country's electric car boom if they want to survive. Adoption…

Indonesia sneakily buys spyware, says Amnesty International

theregister.com Indonesia has acquired spyware and surveillance technologies through a "murky network" that extends into Israel, Greece, Singapore and Malaysia for equipment sourcing,…

Tiffany Haddish Started Fake Social Media Account to Find and Call Trolls: “People Think They Can Just Say Whatever”

hollywoodreporter.com Tiffany Haddish opened a fake Instagram account to track down her online trolls and sometimes call them on the phone, the comedian said this week. In a new profile with the…

Tiffany Haddish Got So Much Hate Online That She Started Investigating Her Trolls and Calling Them on the Phone: I Find Their ‘Credit Report, Police Records’

variety.com Tiffany Haddish revealed to the Los Angeles Times that she sometimes investigates the trolls spamming her social media accounts with hateful comments and finds a way to…

Taylor Swift’s ‘The Tortured Poets Department’ Breaks Global Streaming Record in Its First Week

billboard.com Taylor Swift has already broken, re-broken and extended several records across the Billboard charts this week. In addition to her staggering sales and streaming totals in…

Analysis: Microsoft’s $2.2 Billion AI Bet May Boost Malaysia’s Tech Industry

pymnts.com Microsoft will inject $2.2 billion into Malaysia’s burgeoning cloud and artificial intelligence (AI) infrastructure over the next four years, CEO Satya Nadella announced on…

Microsoft continues multibillion-dollar cloud and AI sprinkle in Malaysia

theregister.com Microsoft CEO Satya Nadella has announced a $2.2 billion investment to advancecloud and AI infrastructure in Malaysia. The latest gift from Satya's sack comes days after the…

First Tim Cook, now Satya Nadella is also wooing Indonesia

aol.com May 2, 2024 at 8:06 AM • None Microsoft plans to invest $1.7 billion in cloud and AI infrastructure in Indonesia. • None CEO Satya Nadella visited Indonesia this week The…

Microsoft will invest $2.2 billion in cloud and AI services in Malaysia

apnews.com KUALA LUMPUR, Malaysia (AP) — Microsoft is investing $2.2 billion over the next four years in Malaysia’s new cloud and artificial intelligence infrastructure as well as…

McDonald's plans to step up deals to combat slower fast food traffic

nbcchicago.com McDonald’s plans to step up deals and value messaging to combat slowing sales. The Chicago burger giant said inflation-weary customers are eating out less often in many big…

Road to 10 Million Users: Coinstore’s Approach with James Toh

beincrypto.com Coinstore, a dynamic player in the cryptocurrency industry, has experienced remarkable growth since its establishment in 2020. Within three years, it has expanded to serve…

Microsoft pours $2.2 billion into Malaysia for cloud and AI expansion

cointelegraph.com In its statement, Microsoft will collaborate with Malaysia to establish a national AI Center of Excellence and enhance cybersecurity capabilities.

Malaysia's KFC closes over 100 stores amid consumer boycott

asia.nikkei.com KUALA LUMPUR/JAKARTA -- The impact of boycotts against American consumer brands is further spreading in Muslim-majority countries in Southeast Asia. Malaysia's operator of…

20 China Firms Among 300 Sanctioned by US Over Russian War

asiafinancial.com The United States imposed hundreds of new sanctions on Wednesday against Russian and Chinese companies over the war in Ukraine. The US Treasury hit nearly 200 targets and…

Microsoft to invest $2.2bn for AI and cloud growth in Malaysia

siliconrepublic.com Earlier this week, Microsoft revealed plans to invest $1.7bn into Indonesia over the next four years as it aims to establish its AI dominance in Southeast Asia. Microsoft is…

Microsoft announces $2.2bn cloud and AI investment in Malaysia

asia.nikkei.com KUALA LUMPUR -- Microsoft will invest $2.2 billion in cloud and artificial intelligence infrastructure in Malaysia, making it the single largest investment in its 32-year…

Microsoft announces $2.2bn AI, cloud investment in Malaysia

aljazeera.com Microsoft CEO Satya Nadella says firm will provide education and training to 200,000 people. Microsoft will invest $2.2bn in artificial intelligence and cloud infrastructure…

Microsoft to Invest $2.2 Billion in AI Infrastructure in Malaysia

wsj.com The U.S. tech giant’s investment over four years will build on previously announced plans to construct its first data center region in Malaysia, and mark its single biggest…

The US needs allies to help build a naval coalition if it wants to stand a fighting chance against China's massive fleet, retired admiral says

businessinsider.com Chinese warships in Qingdao, Shandong. Fu Tian/China News Service/VCG via Getty Images The US needs to assemble its own naval coalition, retired US Navy Adm. James Stavridis…

Enovix Reaches Development Agreement with a Leading Smartphone OEM

benzinga.com FREMONT, Calif., May 01, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") ENVX, a global high-performance battery company, today announced it has reached a development…

Malaysia and Japan test recycling dead palm trees into biofuel

asia.nikkei.com KUALA LUMPUR -- Japanese and Malaysian researchers are testing a process to turn felled palm trees into biomass that serves as a renewable source of energy. The trunks of…

Microsoft announces significant commitments to enable a cloud and AI-powered future for Thailand - Microsoft Stories Asia

news.microsoft.com Commitments include new cloud and AI infrastructure, AI skilling opportunities, and support for Thailand’s growing developer community Bangkok, May 1, 2024 – Today,…