TECH NEWS
I used to be a great sleeper. I would get a full eight to 10 hours of sleep without any supplements, and not even the blasting morning sun could wake me up. Now, I have to use a sleep mask, take magnesium and keep my pillow at the perfect height
TECH NEWS
The lack of accessible healthcare drives many to rely on social media feeds for medical advice. 3 min read One second, you're watching a cute animal video, and the next, you're being given unsolicited health advice from a wellness influencer who swears a trendy diet cured
TECH NEWS
The insurance industry’s AI journey did not begin with generative AI. Long before boardrooms became consumed with conversations around large language models, insurers were grappling with a more fundamental challenge: modernising decades-old technology foundations that were never designed for a digital-first world. For Durgesh Nandan, CIO at IFFCO-TOKIO General
TECH NEWS
LiveRamp announced the launch of its Hyderabad office as part of its long-term investment and growth strategy in India. The company plans to create over 100 jobs in the next 12 months on top of the over 250 employees already hired, reinforcing its commitment to building AI-led marketing capabilities in
TECH NEWS
Microsoft is preparing to cut under 2.5% of its workforce in another round of layoffs, according to a Business Insider report picked up on Tuesday. The reductions could be announced as soon as next week, and they would affect thousands of roles across the company. Sales and consulting teams
TECH NEWS
The US Commerce Department has lifted the export controls it placed on Anthropic’s most advanced models, ending a roughly three-week freeze that had pulled the company’s Claude Fable 5 offline. Reuters first reported the move on Tuesday, 30 June, citing a person familiar with the decision. Within hours,
TECH NEWS
Asia’s factories grew again in June, and the global scramble for AI hardware is doing much of the lifting, according to survey data published this week. Brisk demand for chips, servers, and data-centre equipment kept order books full even as the Iran war pushed up energy costs and lengthened
TECH NEWS
South Korea’s competition regulator has accused Google of abusing its dominant position in the Android app market, and signalled it will recommend corrective measures and a financial penalty. The Korea Fair Trade Commission said on Wednesday that its Market Surveillance Bureau found conduct affecting 14.16 trillion won, or
TECH NEWS
Lime has priced its US initial public offering at $25 a share, according to Bloomberg News. That is the midpoint of the $24 to $26 range the company had marketed. The offering raised roughly $174m in total. Neutron Holdings, the corporate entity behind Lime, sold 6.68 million shares in
TECH NEWS
Aconsortium of more than 140 financial and technology companies, among them Visa, Mastercard, Stripe and Coinbase, launched a new dollar-pegged stablecoin on Tuesday called Open USD. The venture, run by an independent company named Open Standard, is a direct swipe at the economics that have made Circle and Tether the
TECH NEWS
Bending Spoons, the Milan software group that owns Vimeo, WeTransfer and Evernote, has priced its US initial public offering above the marketed range to raise $1.68bn. The company and existing shareholders, including Baillie Gifford, sold 57.97 million shares at $29 each, according to a statement reported by Bloomberg.
TECH NEWS
CBC plans to raise its annual technology spending to more than $771mn, according to Bloomberg, as Singapore’s second-largest lender leans harder into AI and digital banking. The increase marks one of the first strategic signals from Tan Teck Long, who took over as group chief executive on 1 January
