Top tech news stories today: July 10, 2024

Fintech

1. SGX has no immediate plans to allow crypto listings, CEO says

Singapore Exchange (SGX) has no immediate plans to allow cryptocurrency listings on its bourse, CEO Loh Boon Chye said on Tuesday, adding that conditions are still not ripe for such a move. (The Star)

IT infrastructure

2. Cloud storage firm Nasuni valued at about $1.2 bln in majority investment led by Vista

Cloud storage firm Nasuni has been valued at about $1.2 billion through a majority investment led by Vista Equity Partners, the companies said on Tuesday. (US News)

3. Sri Lanka paves way for Musk’s Starlink to enter telecoms marketg to support use of self-driving cars in online ride-hailing services, state media says

Sri Lanka’s parliament approved amendments to decades-old law on Tuesday to allow Elon Musk’s Starlink, the satellite of SpaceX, to set up operations in the South Asian island nation.(The Economic Times)

4. Turkey launches first home-grown communication satellite into orbit

Turkey launched its first domestically-produced communications satellite, Turksat 6A, into orbit early on Tuesday, in a move Ankara said would widen the country’s satellite coverage and meet its television broadcasting needs. (The EDGE)

Tech trends

5. Occidental’s 1PointFive to sell carbon credits to Microsoft

1PointFive, a carbon capture, utilization and sequestration (CCUS) company, today announced it has entered into an agreement with Microsoft to sell 500,000 metric tons of carbon dioxide removal (CDR) credits over six years to support Microsoft’s carbon removal strategy. (1PointFive)

6. Microsoft to offer Apple devices to employees in China, cites absence of Android services

Microsoft is switching its employees in China from Android to Apple devices due to the lack of Google services in the region. This move is part of Microsoft’s Secure Future Initiative aimed at bolstering security after recent breaches.(The Indian Express)

AI

7. Musk’s xAI, Oracle end talks on $10 billion server deal, the Information reports

Billionaire Elon Musk’s artificial intelligence startup xAI and tech giant Oracle have ended talks on a potential $10 billion server deal, the Information reported on Tuesday. (Investing.com)

8. China leads the world in adoption of generative AI, survey shows

China is leading the world in adopting generative AI, a new survey shows, the latest sign the country is making strides in the technology that gained global attention after U.S.-based OpenAI’s ChatGPT launched in late 2022. (WestLow)

9. Wall Street analysts bullish on genetic testing firm Tempus AI

Wall Street brokerages started covering SoftBank Group-backed Tempus AI on a bullish note on Tuesday, betting that the company’s AI-powered library of clinical and molecular data could lead to more powerful diagnostic and test kits. (Market Screener)

10. Alibaba bets on gen AI tools for overseas merchants, executive says

Alibaba’s international e-commerce unit is leveraging generative AI tools for translation, content creation, and product returns. VP Kaifu Zhang expresses optimism in AI’s potential despite China-U.S. tensions. The unit, with 300 million consumers and over one million merchants globally, has seen significant growth with earnings increasing by 44% in the last quarter. (The Economic Times)

11. Samsung Electronics wins cutting-edge AI chip order from Japan’s Preferred Networks

Samsung Electronics said on Tuesday it won an order from Japanese artificial intelligence company Preferred Networks to make chips for AI applications using the South Korean firm’s 2-nanometre foundry process and advanced chip packaging service. (The SEPE)

12. Singapore minister says future without international AI framework ‘messy’

Singapore’s digital development minister Josephine Teo said the future looks “messy” without an internationally agreed upon framework for artificial intelligence (AI) governance. (Reuters)

13. Flying Car Factory Planned for China

Flying car company XPeng Aeroht has signed a deal with the Guangzhou Development District in China to focus on the manufacturing, mass production and sales of its flying vehicles. (IOT World Today)

Tuna-Tu

Tuna Tu

Tuna Tu, an intern reporter at BTW media dedicated in IT infrastructure and media. She graduated from The Communication University of Zhejiang and now works in Hangzhou. Send tips to t.tu@btw.media.

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