GMAsia News

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🇮🇳India

AI News·16h ago

WiMi’s Next-Generation Quantum Convolutional Neural Network Reshapes Classical Data Classification Methods

WiMi Hologram Cloud Inc., a prominent global provider of Hologram Augmented Reality (AR) Technology, has unveiled a significant advancement in quantum machine learning. The company has introduced a quantum convolutional neural network specifically designed for classical data classification tasks. This innovative technology incorporates interaction layers to systematically enhance the overall efficiency and accuracy of data processing. WiMi’s development aims to reshape traditional data classification methods, marking a notable step forward in the application of quantum computing to real-world data challenges. This could have implications for various industries relying on robust data analysis.

via Celebrity HintRead →

🇯🇵Japan

AI News·17h ago

Honda Wins Red Dot Awards For EV Outlier Concept And Brand Film For Honda Electric Motorcycle Business In Red Dot Design Award 2026

🇨🇳China

AI News·17h ago

China’s telecoms giants bet on ‘token factories’ as AI drives revenue growth

🇭🇰Hong Kong

AI News·18h ago

AI takes center stage at Hong Kong computer festival amid rising hardware costs

The Hong Kong Computer & Communications Festival 2026 has commenced, highlighting artificial intelligence as its central theme. The four-day event, held at the Hong Kong Convention and Exhibition Centre, is drawing significant crowds. Alongside the focus on AI, organizers have implemented various cash coupon schemes. These initiatives are designed to stimulate retail sales and enhance consumer engagement. The festival aims to showcase the latest advancements in technology while also boosting the local economy.

via The Standard 英文虎報Read →

🇸🇬Singapore

AI News·19h ago

TikTok ads use AI clones of popular figures Dewy Choo, Zhang Linghe to target S’poreans

AI-generated clones of popular figures Dewy Choo and Zhang Linghe are being used in TikTok advertisements to target consumers in Singapore. These deepfake advertisements exploit the identities of these well-known personalities without their consent, promoting various products to Singaporean TikTok users. This incident highlights a growing concern regarding the misuse of AI technology for deceptive marketing practices and identity theft on social media platforms. The unauthorized use of celebrity likenesses raises significant questions about digital rights, platform accountability, and consumer protection in the age of advanced AI. Authorities and platforms are increasingly challenged to address the ethical and legal implications of such sophisticated scams.

via StraitstimesRead →

🇸🇬Singapore

AI News·19h ago

Samsung unveils plan to return up to US$79 billion to shareholders

Samsung Electronics has announced plans to return a significant portion of its earnings to shareholders this year, with an expected payout of up to 110 trillion won (US$79 billion). This move aligns Samsung with a trend seen among its industry rivals, including SK, in prioritizing shareholder returns. The strategy likely aims to bolster investor confidence and reward long-term stakeholders. This substantial return package underscores the company's strong financial performance and its commitment to delivering value. It also signals a broader corporate strategy among major Asian tech firms to balance reinvestment with direct shareholder benefits.

via The Business TimesRead →

🇨🇳China

AI News·20h ago

Alibaba signals faster AI payoff, margin gains halfway through US$56 billion capex plan

Alibaba Group Holding is reportedly halfway through its substantial US$56 billion AI infrastructure spending plan, a move that analysts anticipate will significantly accelerate cloud growth and expand operating margins for the Chinese tech giant. This massive investment is expected to lead to a faster payback on its artificial intelligence initiatives. Nomura analysts specifically highlighted that cloud growth has not yet peaked, suggesting a continued upward trajectory for Alibaba’s cloud services. The ongoing capital expenditure underscores Alibaba’s commitment to solidifying its position in the competitive AI and cloud computing landscape. This strategic investment is poised to reshape its financial performance and market standing in the coming years.

via SCMPRead →

🇸🇬Singapore

AI News·21h ago

Tourists Can Now Make QR Payments With Wise in Sri Lanka

Tourists visiting Sri Lanka can now utilize Wise for QR payments at LankaQR merchants nationwide. This new service allows Wise customers from the UK, Europe, Australia, New Zealand, Singapore, Malaysia, and Brazil to scan and pay locally. LankaQR, Sri Lanka’s national interoperable QR payment network, facilitated this integration through its existing partnership with Alipay+. The rollout was announced by Channa de Silva, CEO of LankaPay, who highlighted its potential to significantly boost Sri Lanka’s tourism sector. This initiative provides international visitors with another convenient payment option while supporting local businesses.

via Fintech News SingaporeRead →

🇨🇳China

AI News·1d ago

Alibaba’s cloud growth comes with a rising AI bill

Alibaba is significantly increasing its investment in artificial intelligence infrastructure, leading to a surge in capital expenditure and a decline in profitability during the June quarter. While its cloud business accelerated and AI-related products maintained triple-digit growth, the company’s overall revenue growth picked up to 8.6% year-on-year. This aggressive spending, which more than doubled from the previous quarter, resulted in adjusted earnings falling and free cash flow remaining deeply negative. The move highlights Alibaba’s commitment to securing its position in China’s intense AI race, even as its traditional e-commerce engine loses momentum.

via KrAsiaRead →

🇨🇳China

AI News·1d ago

Xiaomi’s smartphone slump deepens as EVs shoulder more of the load

Xiaomi’s smartphone business experienced a significant slump in the second quarter of 2026, with revenue falling 7.5% and shipments dropping 26.5% year-on-year. This decline was attributed to adjustments in its product portfolio, reducing midrange and lower-end models, and weaker global demand exacerbated by rising component costs. Despite a 25.9% increase in average selling price, the gross margin for smartphones narrowed to 8.5%. In contrast, Xiaomi’s smart EV and other new initiatives saw substantial growth, generating RMB 24.9 billion in revenue, up 17.1% year-on-year, with EV deliveries nearing those of established Chinese EV specialists. While these new ventures are rapidly expanding their share of overall revenue, they remain unprofitable, recording an operating loss of RMB 2.6 billion for the quarter.

via KrAsiaRead →

🇨🇳China

AI News·1d ago

Geely’s core profit rises nearly half as exports cushion China sales decline

Geely Automobile saw its core profit attributable to shareholders jump 46.2% year-on-year in the first half of 2026, driven by robust overseas growth and a strategic shift towards higher-priced vehicles. This strong performance helped offset a significant decline in domestic sales within China. The Chinese automaker reported a core profit of RMB 9.68 billion (USD 1.4 billion) and a revenue increase of 14.7% to RMB 173.6 billion (USD 25.8 billion). Despite a modest 1% rise in overall vehicle sales, Geely’s gross profit climbed 25.7%, with its gross margin expanding by 1.6 percentage points, primarily due to its globalization and premiumization strategies.

via KrAsiaRead →

🇨🇳China

AI News·1d ago

The Uptake | Pricing the future

Unitree Robotics, a Chinese humanoid robot manufacturer, recently went public in Shanghai at a valuation of RMB 61 billion (USD 9.1 billion). This initial valuation was already significantly high, at 36 times its projected 2025 revenue and 219 times its earnings. On its first trading day, Unitree’s shares surged by approximately 486%, pushing its market capitalization to RMB 357.5 billion (USD 53 billion). This extraordinary debut is setting a new precedent for how China’s public markets might value emerging technology companies, particularly those whose long-term potential is clearer than their immediate profitability.

via KrAsiaRead →

🇸🇬Singapore

AI News·1d ago

Singapore Lawyers Can Now Get AI Training as 2,000 Tech Opportunities Open

Singapore is launching two new national programs, AIxLegal by the Singapore Academy of Law (SAL) and AIxLegal by the Singapore Corporate Counsel Association (SCCA), to provide practical AI training for lawyers and in-house counsel. These initiatives, part of the National AI Impact Programme and supported by the Infocomm Media Development Authority (IMDA), aim to equip legal professionals with skills in AI for research, drafting, case analysis, and contract management. Concurrently, IMDA is expanding its TechSkills Accelerator initiative, partnering with over 20 companies like Accenture and Microsoft, to create nearly 2,000 place-and-train opportunities in AI, cybersecurity, data, and software for fresh graduates and mid-career professionals. These programs underscore Singapore's commitment to upskilling its workforce and integrating advanced technologies across key sectors, ensuring its talent pool remains competitive in the digital economy.

via Fintech News SingaporeRead →

🇹🇭Thailand

AI News·1d ago

GIGABYTE Brings AORUS INFINITY to Gamescom 2026 with an Immersive Gaming Playground

GIGABYTE AORUS is set to showcase its latest innovations at Gamescom 2026, transforming its booth into an immersive gaming playground under the theme AORUS INFINITY. Visitors will have the opportunity to experience cutting-edge game titles on a range of advanced hardware, including AI gaming laptops, high-performance OLED gaming monitors, and custom PC setups. This event highlights GIGABYTE's commitment to integrating artificial intelligence into its gaming product line, aiming to enhance the user experience through intelligent features and optimized performance. The presentation at Gamescom, a major global gaming event, underscores the company's strategy to reach a broad international audience and solidify its position in the competitive gaming hardware market. Attendees can expect a hands-on demonstration of how AI is being leveraged to push the boundaries of gaming technology.

via Pr Newswire ApacRead →

Pharma sector doubles down on AI amid hopes of slashing costs, timelines

🇯🇵Japan

AI News·1d ago

Pharma sector doubles down on AI amid hopes of slashing costs, timelines

Pharmaceutical companies are increasingly integrating artificial intelligence into their research and development processes. This strategic shift aims to significantly reduce the substantial costs and lengthy timelines typically associated with drug discovery and clinical trials. By leveraging advanced AI modeling tools and automating laboratory functions, the sector hopes to enhance efficiency across its entire pipeline. This adoption reflects a growing confidence in AI's potential to revolutionize traditional pharmaceutical operations and accelerate the delivery of new treatments to market.

via ReutersRead →

🇮🇳India

AI News·1d ago

Collaborative Robot Market to Reach USD 3.38 Billion by 2030, Growing at 18.9% CAGR, Says MarketsandMarketsTM

The collaborative robot market is projected to reach USD 3.38 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 18.9%. This significant expansion highlights the increasing adoption of cobots across various industries. MarketsandMarketsTM, a prominent research firm, provided these figures, underscoring the growing demand for automation solutions that can work alongside human employees. The report suggests that factors such as enhanced productivity, improved safety, and the flexibility of cobots are driving this market surge. This growth trajectory indicates a transformative shift in manufacturing and industrial processes globally, with Asia expected to play a crucial role in both production and adoption.

via IndiamorningtimesRead →

🇰🇷South Korea

AI News·1d ago

Xiao-I Corporation Announces Plan to Implement ADS Ratio Change

Xiao-I Corporation, a prominent artificial intelligence company, has announced its intention to modify the ratio of its American Depositary Shares (ADSs) to its ordinary shares. This change in the ADS Ratio is a strategic move that could impact the company's stock trading dynamics on the NASDAQ exchange. Such adjustments are typically made to optimize share liquidity or to align with corporate financial strategies. Investors and market watchers will be observing how this alteration influences Xiao-I's market perception and trading volume in the coming months. The company, headquartered in Shanghai, continues to be a significant player in the AI sector.

via It비즈뉴스Read →

🇭🇰Hong Kong

AI News·1d ago

Airwallex report shows AI and Fintech drive Hong Kong trade shift

A new report from global financial platform Airwallex indicates a significant shift in Hong Kong’s cross-border trade landscape. The study reveals a substantial increase in artificial intelligence adoption among businesses, surging from 25 percent to 79 percent. This rapid integration positions AI alongside fintech as a primary driver for the future growth and evolution of trade within the region. The findings highlight a growing reliance on advanced technologies to enhance efficiency and competitiveness in international commerce, signaling a strategic pivot for Hong Kong's economic future.

via The Standard 英文虎報Read →

🇰🇷South Korea

AI News·1d ago

South Korea’s 2040 power demand surges on AI data centers and chip plants

South Korea anticipates a significant increase in its peak electricity demand, projected to reach up to 165 gigawatts by 2040. This surge is primarily driven by the rapid expansion of AI data centers and the development of large-scale semiconductor manufacturing clusters across the nation. The escalating power requirements are intensifying discussions and calls for the construction of new energy infrastructure, including additional nuclear reactors and liquefied natural gas (LNG) plants. This forecast highlights the critical need for robust energy planning to support the country's ambitions in advanced technology sectors. The government and energy providers face the challenge of balancing economic growth with sustainable power generation.

via Koreajoongangdaily Joins NewsRead →

Meta AI’s new Mac app wants you to talk to your apps

🇮🇳India

AI News·1d ago

Meta AI’s new Mac app wants you to talk to your apps

Meta AI has introduced a new Mac application designed to enable users to interact with their applications through voice commands. This dictation feature aims to streamline user experience by allowing hands-free control across various software. The company states that the new tool integrates seamlessly with all applications on the Mac operating system. This move positions Meta AI alongside existing dictation solutions in the market, such as Wispr Flow, Superwhisper, and Monologue, intensifying competition in the voice-activated software space. The development underscores a broader industry trend towards more intuitive and accessible human-computer interaction.

via TechCrunchRead →

World : Tesla Integrates Chinese Doubao AI Model For In-Vehicle Systems

🇲🇾Malaysia

AI News·1d ago

World : Tesla Integrates Chinese Doubao AI Model For In-Vehicle Systems

Tesla has officially integrated ByteDance's Doubao large language model into its electric vehicles sold within mainland China. This move allows Chinese Tesla owners to utilize advanced AI capabilities for in-vehicle systems, enhancing user interaction and functionality. The integration marks a significant collaboration between a major US automaker and a leading Chinese technology firm in the rapidly evolving AI landscape. It underscores the importance of localized AI solutions for global companies operating in specific markets. This strategic adoption aims to cater to the unique linguistic and cultural preferences of Chinese consumers, potentially setting a new standard for in-car AI integration in the region.

via BernamaRead →

🇮🇳India

AI News·1d ago

DRDO Opens Wider Missile and Guided-Weapon Production Role to Indian Private Industry

India’s Defence Research and Development Organisation (DRDO) is significantly expanding the role of the private sector in the nation’s missile and guided-weapon programs. By inviting Indian companies to become Development-cum-Production Partners, DRDO aims to boost indigenous manufacturing capabilities. This strategic shift is specifically targeting projects within its Missiles and Strategic Systems Cluster. The move is expected to enhance India's industrial capacity for producing advanced defense technologies, fostering greater self-reliance in critical weapon systems. This initiative represents a notable step towards integrating private industry more deeply into national defense production.

via Dharmakshethra - India UnabridgedRead →

Samsung and Apple are now neck and neck in Europe's declining smartphone market

🇰🇷South Korea

AI News·1d ago

Samsung and Apple are now neck and neck in Europe's declining smartphone market

Europe’s smartphone market has reached a three-year low, with second-quarter shipments falling 10% year-over-year to 35 million units. Despite this overall decline, Apple’s iPhone has significantly increased its market share, now tying with Samsung in the region. This shift comes as Apple continues to demonstrate strong revenue performance globally, capturing nearly half of all smartphone revenue in Q2 despite a smaller share of shipments. The European market’s contraction highlights broader economic pressures and changing consumer behaviors, even as premium brands like Apple manage to expand their footprint within a shrinking pool.

via Apple InsiderRead →

Snapdragon 8 Elite Gen 6 Pro spotted for sale over a month before official launch

🇨🇳China

AI News·1d ago

Snapdragon 8 Elite Gen 6 Pro spotted for sale over a month before official launch

An unannounced Qualcomm flagship chip, the Snapdragon 8 Elite Gen 6 Pro, has reportedly appeared for sale on Xianyu, a prominent Chinese secondhand marketplace. This premature listing offers an early glimpse at hardware that is not officially slated for revelation until late September 2026. A Shenzhen-based vendor briefly offered the chip, identified by its model number SM8975-100-BC, well over a month before its anticipated official launch. This incident highlights the challenges manufacturers face in controlling information and product leaks within the highly competitive and interconnected supply chains of the technology industry. Such early appearances can impact marketing strategies and consumer anticipation for future device releases.

via GizmochinaRead →

Alibaba’s AI cloud growth surge drives earnings despite soaring tech spending

🇨🇳China

AI News·1d ago

Alibaba’s AI cloud growth surge drives earnings despite soaring tech spending

Alibaba Group Holding reported a significant surge in its cloud and artificial intelligence division, with revenues growing 45 percent in the June quarter. This robust performance drove the company's adjusted profit to a better-than-expected 27.3 billion yuan (US$4 billion). Despite substantial investments in AI infrastructure, Alibaba reassured investors that these expenditures are expected to pay off, with executives projecting a break-even point for AI computing investments within three years, possibly even two, as gross margins continue to rise. This growth underscores Alibaba’s strategic focus on AI and cloud services as key drivers for future profitability and market expansion.

via SCMPRead →

After Unitree, BrainCo and DeepSeek are next to test the valuation ceiling

🇨🇳China

AI News·1d ago

After Unitree, BrainCo and DeepSeek are next to test the valuation ceiling

Unitree Robotics recently made a spectacular debut on Shanghai’s Star Market, with its shares surging nearly 500% on the first day, pushing its market capitalization to USD 53 billion. This surge highlights strong investor interest in embodied intelligence and sets a new valuation benchmark for Chinese hard technology firms. Following Unitree’s success, other Hangzhou-based startups like BrainCo and DeepSeek are now poised to test the valuation ceiling as they move toward public listings. BrainCo specializes in noninvasive brain-computer interface technology, while DeepSeek is known for developing high-performing, cost-efficient large language models, both exemplifying a pragmatic approach to commercialization in their respective fields.

via KrAsiaRead →

🇨🇳China

AI News·1d ago

Unitree’s early investor warns China’s robotics boom will leave few winners

Huang Jinping, a founding partner and chairman at Winreal Investment, a prominent early backer of Unitree Robotics, warns that China’s booming robotics sector will likely yield few long-term winners. Despite the surge in capital and high valuations for embodied intelligence startups, Huang emphasizes the critical importance of technical feasibility, product engineering, and viable business models over short-term gains. He highlights Unitree’s success due to its founder’s technical obsession and cost discipline, contrasting this with the current market where many new entrants may struggle to achieve sustainable commercialization. Huang predicts a significant market polarization in the coming years, with only a handful of companies truly thriving amidst intense competition.

via KrAsiaRead →

🇨🇳China

AI News·2d ago

Hesai rides on lidar growth as smart cars gain ground despite China’s struggling market

Hesai Group, a Chinese lidar sensor manufacturer, is experiencing significant growth in orders as smart vehicles gain traction in China's automotive market. Despite a broader downturn in the country's car sales, the push by Chinese carmakers to integrate more intelligent features into their vehicles is driving demand for high-tech components like lidar. Andrew Fan, Hesai's CFO, noted that lidar sensor orders this year have surpassed those from the same period last year, indicating a clear trend towards increased lidar adoption in new car models. This suggests that the focus on smart vehicle technology could provide a sustained growth engine for specialized component suppliers, even amidst a challenging overall market.

via SCMPRead →

🇨🇳China

AI News·2d ago

China’s supernodes go mainstream as AI model sizes grow

China is increasingly relying on “supernodes” to power its artificial intelligence ambitions, a strategy that was prominently displayed at the recent World Artificial Intelligence Conference (WAIC) in Shanghai. These supernodes are large assemblies of dozens or hundreds of computer chips and associated hardware. Their widespread adoption is a direct response to the United States’ ban on exporting advanced AI chips to China. By utilizing greater quantities of domestically produced chips, China aims to achieve world-class computing power, effectively circumventing the US’s efforts to restrict its AI development. This approach highlights China's determination to maintain its progress in AI despite international trade restrictions.

via SCMPRead →

Ant International’s FalconTST 2.0 Now Powers FX at Four Global Banks

🇨🇳China

AI News·2d ago

Ant International’s FalconTST 2.0 Now Powers FX at Four Global Banks

Ant International has unveiled Falcon Time-Series Transformer (TST) AI Model 2.0, an advanced AI solution designed to enhance forecasting accuracy for real-world foreign exchange (FX) risk management in cross-border payments. This new model has achieved a State-of-the-Art (SOTA) performance with a 0.666 MASE score, outperforming other foundational TST models from leading global tech companies. FalconTST 2.0 is already being utilized by four major global banks, including Barclays, Citi, Deutsche Bank, and Standard Chartered, to improve their cash flow forecasting and FX liquidity management. The technology, initially developed for Ant International's internal operations, is expected to expand into other sectors such as e-commerce supply chain management and aviation operations.

via Fintech News SingaporeRead →

🇨🇳China

AI News·2d ago

ShopeePay Users Can Now Make QR Payments in China

ShopeePay users in Singapore and Thailand can now utilize QR payments for transactions while traveling in China. This new service allows them to scan Weixin Pay merchant QR codes and complete payments directly through their ShopeePay or Shopee app. The initiative is set to expand to users in Malaysia, Vietnam, and the Philippines in the near future. This partnership integrates ShopeePay with TenPay Global’s cross-border payment infrastructure and grants access to Weixin Pay’s extensive network of tens of millions of merchants, significantly enhancing convenience for Southeast Asian travelers in China.

via Fintech News SingaporeRead →

Moonshot AI’s IPO needs a new story after Kimi K3

🇨🇳China

AI News·2d ago

Moonshot AI’s IPO needs a new story after Kimi K3

Chinese AI company Moonshot AI is reportedly accelerating plans for an IPO in Hong Kong, with market reports suggesting a filing as early as August or by September 30. This move follows the successful listings of rivals Z.ai and MiniMax, which have leveraged public markets for follow-on financing. Moonshot AI’s recent launch of Kimi K3, a highly competitive large language model, has created a favorable window for its public debut, potentially securing a higher valuation and better financing terms. The company’s founder, Yang Zhilin, previously stated no urgency for an IPO due to substantial cash reserves, but the dynamic market and the need for continuous capital for compute infrastructure are now driving this shift.

via KrAsiaRead →

Sanrio and Pop Mart are winning at cute, but face a valuation reset

🇯🇵Japan

AI News·2d ago

Sanrio and Pop Mart are winning at cute, but face a valuation reset

Sanrio, the company behind Hello Kitty, experienced a significant share drop after its Q1 FY2027 earnings failed to meet market expectations, despite reporting strong revenue and net profit growth. The disappointment stemmed from operating profit falling short and the company maintaining its full-year outlook, signaling a potential moderation in its rapid growth. This comes after a period of robust recovery driven by a restructuring under new leadership, which diversified its IP portfolio, emphasized licensing, and expanded significantly in China through a partnership with Alibaba’s Alifish. The market reaction suggests investors are now scrutinizing Sanrio’s ability to sustain growth across multiple characters, regions, and business formats beyond its initial resurgence.

via KrAsiaRead →

Honor puts Robot Phone to the test amid smartphone market downturn

🇨🇳China

AI News·2d ago

Honor puts Robot Phone to the test amid smartphone market downturn

Honor has launched its new Robot Phone, a premium flagship device priced at RMB 9,999 (USD 1,482.2) that features a unique moving camera module. This innovative product, part of Honor’s Alpha Plan, aims to push the boundaries of smartphone form factors and showcase the company’s vision for AI-powered mobile devices. The development of the Robot Phone presented significant engineering challenges, including integrating over 100 precision components into a slim body and ensuring the durability of its complex mechanical gimbal system. Despite a challenging global smartphone market downturn, Honor is positioning the Robot Phone as a crucial second growth engine and a testament to its commitment to innovation in AI and imaging technology.

via KrAsiaRead →

DBS AI Agents Take On Over 70 Credit Tasks for 1,500 Employees Worldwide

🇸🇬Singapore

AI News·2d ago

DBS AI Agents Take On Over 70 Credit Tasks for 1,500 Employees Worldwide

DBS has rolled out an agentic AI tool to assist approximately 1,500 employees globally in assessing corporate clients for financing. This new system aims to reduce the time spent on preparing credit memos and related tasks by at least 30%, a process that currently consumes up to 40% of a relationship manager’s time. The tool leverages specialized AI agents to handle over 70 distinct tasks, gathering information from various sources to produce initial drafts of credit memos for review. Relationship managers and credit risk managers retain ultimate responsibility for the final memo, applying their expertise to the AI-generated output. This initiative is part of DBS’ broader strategy to integrate agentic AI into both customer services and internal operations.

via Fintech News SingaporeRead →

T-Mobile ‘chopped a cable’ to expel Chinese hackers from its network

🇨🇳China

AI News·2d ago

T-Mobile ‘chopped a cable’ to expel Chinese hackers from its network

T-Mobile successfully thwarted a major cyberattack by Chinese-backed hackers, preventing a large-scale breach of its network. The U.S. phone provider identified the threat early and took decisive action, including physically disconnecting parts of its infrastructure, to expel the intruders. This incident highlights the ongoing and escalating cyber warfare between state-sponsored actors and critical infrastructure providers. The quick response by T-Mobile underscores the importance of robust cybersecurity protocols and rapid incident response capabilities in protecting sensitive data and maintaining network integrity against sophisticated threats.

via TechCrunchRead →

Sachin Bansal’s fintech Navi raises first outside capital with $100M Prosus investment

🇮🇳India

AI News·2d ago

Sachin Bansal’s fintech Navi raises first outside capital with $100M Prosus investment

Indian fintech firm Navi, founded by Flipkart co-founder Sachin Bansal, has secured its first external investment, a significant $100 million infusion from Prosus. This funding round marks a pivotal moment for Navi as it prepares for an initial public offering. The company, which offers a range of financial services including personal loans, home loans, and insurance, has largely been self-funded since its inception. This investment from Prosus, a global technology investor, signals strong confidence in Navi’s business model and its growth trajectory within India's competitive fintech landscape. The capital injection is expected to support Navi's expansion plans and further solidify its market position ahead of its anticipated public debut.

via TechCrunchRead →

🇮🇳India

AI News·2d ago

Google Pixel 11 Series in India: Pricing, AI & Upgrade Plans With Mitul Shah

Google’s Pixel 11 series strategy for India is under the spotlight, with Mitul Shah, MD, Devices & Services, Google India, discussing the country’s pivotal role in Pixel’s global expansion. Shah elaborated on the integration of Google AI into the Pixel 11, emphasizing its importance for the Indian market. The conversation also touched upon Google’s efforts to maintain stable smartphone pricing despite increasing component costs, a critical factor for affordability in India. Furthermore, Shah addressed the trend of longer upgrade cycles and introduced the Pixel Upgrade Program, designed to enhance customer loyalty and accessibility. This exclusive interview with The Economic Times Digital provides insights into Google’s localized approach for its flagship smartphone line.

via The Economic TimesRead →

Calendly throws its hat into meeting note-taker circus

🇮🇳India

AI News·2d ago

Calendly throws its hat into meeting note-taker circus

Calendly, a prominent player in scheduling software, is expanding its offerings by introducing a new meeting note-taking tool. This move positions Calendly to compete in the increasingly crowded market for AI-powered meeting assistants. Alongside this, the company is also launching Callie, a separate meeting scheduling assistant designed to streamline the process of coordinating appointments. These new features aim to enhance productivity for users by automating both the scheduling and documentation aspects of business meetings, reflecting a broader trend in the tech industry towards integrated AI solutions for workplace efficiency.

via TechCrunchRead →

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