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21 Aug 2024

SK Telecom and Lambda Partner to Launch AI Cloud Services in South Korea

SK Telecom and Lambda have joined forces to introduce AI cloud services in South Korea, aiming to revolutionize the country's AI infrastructure and accelerate AI adoption across various sectors.

2 Sources

LG Energy Solution Ventures into Battery Safety Diagnostics Software Business

LG Energy Solution, a leading battery manufacturer, is expanding into the battery safety diagnostics software business. The company aims to leverage its expertise to enhance battery safety and explore new business opportunities in the growing electric vehicle market.

3 Sources

China's Youth Unemployment Crisis Gives Rise to 'Rotten Tail Kids'

China's soaring youth unemployment has led to the emergence of a new working class dubbed 'rotten tail kids'. These young people, facing limited job prospects, are turning to manual labor and gig work, challenging traditional career expectations.

4 Sources

Google Introduces New Gemini AI Features to Enhance Gmail Experience

Google has unveiled two new Gemini AI features for Gmail: "Help me write" and "Polish." These tools aim to improve email composition and refinement, offering users advanced AI assistance in their daily communication.

8 Sources

SleekFlow Secures $7M Funding to Boost Global Expansion and AI Capabilities

Hong Kong-based omnichannel platform SleekFlow raises $7 million in Series A extension funding led by Atinum Investment. The company plans to use the funds for global expansion and enhancing its AI-powered features.

2 Sources

Chevron to Invest $1 Billion in New Tech Hub in Bengaluru, India

Chevron Corporation announces plans to establish a $1 billion technology center in Bengaluru, India, aiming to boost innovation and create 600 new jobs in the region.

4 Sources

Chinese Fintech Companies Show Mixed Results in Q2 2024 Earnings Reports

FinVolution Group, Yiren Digital, and Futu Holdings release their Q2 2024 financial results, showcasing growth in various sectors but facing challenges in an evolving market landscape.

3 Sources

Microsoft Unveils Phi-3.5 Models, Outperforming Competitors in AI Landscape

Microsoft has released new Phi-3.5 models, including Vision, Instruct, and Mini-MoE variants. These models demonstrate superior performance compared to offerings from Google, Meta, and OpenAI across various benchmarks.

3 Sources

Snap Inc. Executives Sell Shares Worth Over $285,000 in Recent Transactions

Multiple Snap Inc. executives, including the Chief Accounting Officer, General Counsel, and a Director, have sold shares of the company worth a combined total of over $285,000. These insider sales have raised questions about the company's future prospects.

3 Sources

Chinese Tech Companies Report Mixed Q2 2024 Results Amid AI Push and Global Expansion

Several Chinese technology companies, including Zepp Health, Kingsoft Cloud, GDS Holdings, and FinVolution Group, have released their Q2 2024 earnings reports. The results show varying performances across different sectors, with a common theme of AI integration and international expansion efforts.

8 Sources

AMD's Strategic Moves in the AI Chip Market: Challenging NVIDIA's Dominance

AMD is making strategic moves to challenge NVIDIA's dominance in the AI chip market. The company's recent product launches and partnerships aim to provide cost-effective alternatives in the rapidly growing AI industry.

4 Sources

Google Cloud Unveils Major Security Updates Focused on Convergence

Google Cloud announces significant security enhancements at its annual Security Summit, emphasizing a convergence-based approach to address evolving cybersecurity challenges in cloud environments.

3 Sources

Regulatory Challenges and Policy Shifts in India's Financial Sector

Recent developments in India's financial sector raise questions about regulatory oversight and policy consistency. This story examines the implications of proposed changes to the RBI's regulatory powers and the government's stance on cryptocurrency.

3 Sources

FinVolution Group Reports Strong Q2 2024 Financial Results

FinVolution Group, a leading fintech platform in China, announces impressive second quarter 2024 financial results, showcasing substantial growth in key metrics and continued international expansion.

2 Sources

Cisco Executives Sell Significant Shares in Company Stock

Multiple high-ranking executives at Cisco Systems, including the CEO and CFO, have sold substantial amounts of company stock, totaling over $25 million. This series of transactions has caught the attention of investors and market analysts.

3 Sources

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