The current trend of investments flowing out of China to countries like India and Southeast Asia due to escalating tensions with the U.S. might be beneficial in the short term, but Shailendra Singh from Peak XV Partners believes that China will remain a significant market for investors in the long term. According to Singh, the
Enterprise
Amazon, the e-commerce giant that has been steadily growing its share of the digital advertising market, has now set its sights on the traditional media landscape, with its recent participation in the Upfronts event. The move marks a significant shift in the company’s advertising strategy, as it seeks to compete with industry heavyweights like Meta
Tesla, known for its electric vehicles and commitment to sustainability, is facing a lawsuit from the nonprofit Environmental Democracy Project. The lawsuit alleges that Tesla’s assembly plant in Fremont, California, has been in ongoing violation of the Clean Air Act since January 2021. The Environmental Democracy Project claims that harmful pollution has been emitted into
Microsoft recently announced a significant investment in the French market, committing a staggering 4 billion euros ($4.3 billion) towards expanding its cloud and AI infrastructure in the country. This move is part of Microsoft’s broader strategy to support digital innovation and economic growth in France. The tech giant plans to bring up to 25,000 advanced
A recent federal judge in California made a decision to dismiss a lawsuit brought forth by X, which used to be Twitter, against Bright Data, a company based in Israel. The lawsuit revolved around the practice of data scraping, where automated programs extract publicly available information from websites. X alleged that Bright Data was scraping
Semiconductor Manufacturing International Corporation (SMIC) recently reported that it faced intense competition in the chip industry, leading to a drop in its first-quarter profit. The company mentioned during its earnings call that competition in the industry has been increasingly fierce, and pricing for commodity products is closely tied to market trends. Despite this, SMIC remains
Activist Politan Capital has recently made demands for the addition of two new directors to the board of Masimo, a medical technology company. In response to Masimo’s offer to add only one of Politan’s nominees, Quentin Koffey, a representative for the activist group, responded with a counteroffer. Koffey insisted that in order to have a
The advancement of ChatGPT-like artificial intelligence technologies is revolutionizing the research landscape in China, particularly in the robotics sector. While China has long been known as the global manufacturing hub, the integration of AI technologies like OpenAI’s ChatGPT chatbot is paving the way for significant developments in the field. This newfound ability of AI to
Amazon Web Services recently announced its plan to invest an additional 12 billion Singapore dollars over the next five years to expand its cloud infrastructure and services in Singapore. This investment will focus on the construction and development of data center capabilities in the Asia-Pacific Singapore region. Priscilla Chong, country manager of AWS Singapore, highlighted
Palantir Technologies, a defense technology company, saw its shares drop by 7% in extended trading on Monday following the release of weaker-than-expected guidance. Despite posting earnings per share of 8 cents, in line with expectations, the company fell short on revenue, reporting $634 million compared to an estimate of $625 million. The company’s guidance for