Top tech news today: Crypto stablecoin network launch, Foxconn’s $80 million chip investment in Vietnam, and ADNOC’s groundbreaking use of AI in the energy sector.
1. Crypto firms launch global stablecoin network
A group of crypto companies, including Robinhood and Kraken, has introduced a worldwide stablecoin network to streamline cross-border transactions. Reuters
2. US election spurs prediction market activity
Speculators are increasingly using crypto markets to predict outcomes in the upcoming U.S. elections, fueling a niche betting trend. HeadTopics
3. Constellation eyes data centers at power plants
Constellation Energy plans to pursue data center developments at power plant locations despite regulatory setbacks, aiming to harness available energy resources. Seeking Alpha
4. Deeproute raises $100M to rival Tesla in China
Deeproute secures $100 million to accelerate its autonomous driving tech, hoping to challenge Tesla’s Full Self-Driving feature in China. TechCrunch
5. French families sue TikTok over content moderation
French families have filed a lawsuit against TikTok, accusing it of failing to remove harmful content, particularly affecting youth users. Reuters
6. Meta extends political ad ban amid US election
Meta will keep its political ad ban active post-election, a move aimed at reducing misinformation on its platforms. Forbes
7. Foxconn plans $80M Vietnam investment for chips
Foxconn’s Shunsin subsidiary plans to invest $80 million in Vietnam to produce integrated circuits, bolstering its Southeast Asia operations. Economic Times
8. US tech firms warn Vietnam on data law
Tech giants warn that Vietnam’s proposed data center law could hinder operations and stifle investment in the region. SCMP
9. Apple expands Find My AirTag to luggage
Apple’s new iOS feature enhances Find My compatibility with airline luggage tracking, improving recovery for lost items. The Verge
10. ADNOC deploys autonomous AI in energy sector
UAE’s ADNOC pioneers autonomous AI technology in the energy sector, aiming for increased efficiency and safety. Hellenic Shipping News
11. Palantir boosts revenue forecast on AI adoption
Palantir raises its revenue forecast for 2024, citing strong AI adoption as shares surge in response. Business Times
12. SK Telecom makes $3B AI investment
SK Telecom plans a $3 billion investment in AI, aiming to bolster its position in the artificial intelligence space. Capacity Media
13. US homebuyers aging due to high prices
Rising housing prices are pushing younger buyers out of the market, raising the average age of first-time homebuyers. PYMNTS
