Governance

Top tech news stories today: April 24, 2024

Explore the partnerships shaping the digital landscape from the Philippines’ regulatory moves against Binance to Coca-Cola’s deal.

AuthorSylvia Shen

Reading Time2 min

PublishedApril 24, 2024

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Headline

Explore the partnerships shaping the digital landscape from the Philippines’ regulatory moves against Binance to Coca-Cola’s deal.

Context

Today’s edition showcases developments across various sectors, including blockchain, fintech, IT infrastructure, AI, and IoT. From the Philippines’ regulatory moves against Binance to Coca-Cola’s billion-dollar deal with Microsoft. The Philippines’ SEC ordered Google and Apple to remove Binance’s apps from their stores due to alleged violations of securities laws. Binance faces accusations of offering unregistered securities and operating as an unregistered broker. ( CNBC )

Evidence

Pending intelligence enrichment.

Analysis

Walmart’s fintech startup One enters the buy now, pay later market. Walmart’s broader strategy aims to diversify revenue streams beyond retail. ( CNBC ) Chinese universities and research institutes acquired high-end Nvidia AI chips via resellers despite U.S. bans. Nvidia and server makers claimed compliance with export laws. ( Reuters ) Google’s $640.62 million investment in a Groningen data centre, aims to create 125 jobs. Since 2014, Google has invested over $4.1 billion in Dutch data centres and related infrastructure. ( Reuters ) IBM is reportedly close to acquiring cloud software provider HashiCorp, driving the latter’s stock up by 24% to a market value of $6.1 billion. IBM pursues acquisitions to bolster its cloud offerings. ( Reuters )