Intelligence
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Latest intelligence on infrastructure operators, policy decisions, market moves, and digital power shifts.
Global Cloud Services
Bezos completes plans to sell 50 million Amazon shares
Amazon’s founder Jeff Bezos accelerated stock divestment to over $8.5 billion, marking significant sales since stepping down as CEO.
Global Cloud Services
X abruptly suspended Yulia Navalnaya’s social media account
Suspension of Yulia Navalnaya’s account on social platform X sparks controversy; owner Elon Musk remains silent.
Story
ARIN’s new fee to be proportional to the IPV4 block size
ARIN, the American Registry for Internet Numbers has announced a new fee transfer processing fee to be paid by the recipient. This fee will be effective from the 1st of January 2023 and has been decided based on the decision of the ARIB Board of Trustees. The key highlight of…
Global Cloud Services
Microsoft develops AI server gear to lessen reliance on Nvidia
Microsoft is developing a new network card that could improve the performance of its Maia AI server chip and potentially reduce the company’s reliance on chip designer Nvidia. Developing New Products Microsoft CEO Satya Nadella has hired Pradeep Sindhu, co-founder of the…
Global Cloud Services
Bret Taylor’s new company rethinks user experience in the age of AI
We keep hearing about the concept of customer experience, the idea that we can digitally improve a customer’s interaction with a brand. So far, the results remain vague. Think of AI as a technology category Sierra, a new company started by Bret Taylor and Clay Bavor, thinks AI…
Asia-Pacific Cloud Services
Samsung has been the world’s top TV seller for 18 years
Samsung Electronics remains the global TV sales leader for the 18th consecutive year, boasting a 30.1% market share in 2023.
Global Cloud Services
Apple is still actively working on a foldable iPhone
Apple is actively developing a foldable iPhone, targeting a release around September or October 2026, with durability and pricing challenges.
Asia-Pacific Cloud Services
Samsung adjusts its chip factory construction plan
Samsung Semiconductor adapts chip factory plans, focusing on Pyeongtaek’s P4 plant cleanrooms, aiming to meet evolving market demands.
Leaders
Google Gemini Advanced update to edit and run Python code
Google rebrands Bard AI to Gemini, offering advanced chat features, Python code editing, and enterprise data protection.
Asia-Pacific Institutional Trends
Singapore fintech firm Xalts acquires a digital trading platform
Contour was launched in 2017 by a consortium of eight banks to digitize trade and is now used by 22 banks and more than 100 global companies including Tata Group, Rio Tinto and SAIC. An ambitious acquisition plan Xalts, a Singaporean fintech startup founded 18 months ago, has…
Companies
Chinese EV maker Xpeng to hire 4,000, invest $486.2 million in AI
* Xpeng’s CEO said the company plans to hire 4,000 new employees and invest 3.5 billion yuan ($486.2 million) in artificial intelligence technology. * The Chinese electric car maker also plans to launch about 30 new or upgraded models over the next three years. * CEO He Xiaopeng…
Global Institutional Trends
Nintendo shares plunge on delayed Switch 2 launch
Nintendo’s delay of Switch 2 to early 2025, from late 2024, led to an 8.8% stock drop, affecting revenue projections.
Global Cloud Services
Bitcoin now 80 trillion times more difficult to mine, with halving set for April
Bitcoin mining difficulty, which measures the difficulty of solving cryptographic puzzles in the mining process, exceeded 80 trillion.
Global Institutional Trends
Report reveals $1.9B surge in VC funding for cryptocurrencies in Q4 2023
Venture funding for cryptocurrency-related businesses reached $1.9 billion in Q4 2023, marking a notable increase from the previous quarter.
Asia-Pacific Institutional Trends
A game-changing partnership unveiled: LARUS & CMI sign MOU
LARUS Limited, a prominent IP address solutions company, has recently announced a significant achievement in the form of an MoU signed with CMI. This partnership was unveiled during the Capacity Middle East 2024 event, setting the stage for a mutually beneficial partnership.…
Europe and Middle East Cloud Services
Top tech stories today: February 19, 2024
Major social media platforms, such as YouTube, are testing new features. Bitcoin’s mining difficulty has experienced a notable surge
Companies
The ‘world’s largest casino’ exposed customers’ personal data
WinStar, based in Oklahoma, bills itself as “the world’s largest casino. Casino and hotel resorts also offer an app, My WinStar, where guests can access self-service options, their reward points and loyalty benefits, as well as casino bonuses during their hotel stay. Data breach…
North America Cloud Services Trends
BMW’s security breach exposed sensitive company information
BMW's February 2024 cloud-storage exposure is a secret-management and public-bucket control incident, not a customer-data breach. TechCrunch and SOCRadar describe a Microsoft Azure-hosted storage bucket in BMW's development environment that was publicly accessible and contained…
Companies
The EU will fine Apple 500 million euros
The EU plans to fine Apple around 500 million euros for antitrust violations, its first such penalty, alleging unfair competition.
Global Cloud Services
OpenAI has become the world’s third largest unicorn
OpenAI’s valuation skyrockets to over $80 billion post stock sale, marking a significant surge in investor confidence.