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Google spent 2.1 billion dollars buying Fitbit in 2021, three years dismantling the brand, and on Thursday launched a 100 dollar device with no screen, no buttons, and no independent functionality to bring it back. The Fitbit Air is a soft fabric band with a five-gram sensor pack underneath that tracks heart rate, steps, […]
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The largest education data breach in history was not an attack on a school. It was an attack on a vendor. On 30 April, hackers exploited a vulnerability in the systems of Instructure, the company that makes Canvas, the learning management system used by 41 per cent of higher education institutions across North America. […]
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The two conglomerates are funding separate R&D centres focused on next-generation battery chemistries and advanced EV systems. The investment is a hedge: both groups currently buy critical battery components from Chinese suppliers and want options when Beijing tightens export rules again. India’s two largest steel-and-everything-else conglomerates are putting close to $1bn behind a question that […]
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Tata and JSW to spend $1bn building India’s way out of Chinese battery dependence Read More »
Amazon Fresh and the local fulfilment network shut on 6 July. A small number of Singapore roles go with them. AWS, retail, and Global Selling stay; the bet is that Singaporean shoppers want US, Japanese, and German catalogues, not local replenishment. Amazon is closing Amazon Fresh in Singapore and shutting down its local fulfilment operations, […]
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Amazon retreats from Singapore groceries, leans on cross-border instead Read More »
On 10–11 June, the Grand Duchy hosts the third edition of its flagship tech summit, weeks before the EU AI Act’s most consequential provisions enter into force. Here is what the event has become, and why it matters this year in particular. Luxembourg, with a population smaller than Manchester’s and an outsized role in European […]
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Why Nexus Luxembourg has become a fixture in Europe’s AI calendar Read More »
Meituan Dragon Ball is leading a $2bn round in the Beijing-based maker of the Kimi chatbot, with China Mobile and CITIC Private Equity Funds participating. The valuation is roughly seven times the figure Moonshot carried sixteen months ago. Moonshot AI, the Beijing-based developer of the Kimi chatbot, is closing a $2bn funding round at a […]
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Moonshot AI’s $20bn valuation seals one of China’s fastest AI funding trajectories Read More »
Singapore’s parliament has pledged that the country will not see jobless growth as artificial intelligence reshapes the economy, Bloomberg reported on Tuesday in coverage citing Channel NewsAsia. The statement reaffirms the position Prime Minister Lawrence Wong took in February during the parliamentary debate on the 2026 Budget, and represents the most explicit commitment a major […]
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Lawrence Wong holds the line: AI will not produce jobless growth in Singapore Read More »
The agreement was signed with the Pentagon’s Chief Digital and Artificial Intelligence Office, the procurement vehicle driving the bulk of US military AI integration spending in 2025 and 2026. Microsoft, Amazon, and Google signed parallel classified-network deals the same week. Scale AI has won a $500m contract from the US Department of Defense, Bloomberg reported […]
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Scale AI wins $500m Pentagon contract, five times its previous Defense Department deal Read More »
The Y Combinator-backed AI-native insurance carrier closed its Series A in January at a $630m valuation. The Series B doubles that figure and funds expansion beyond startup insurance into trucking, where the company says quoting and risk modelling can be similarly compressed. Corgi, a Y Combinator-backed AI-native insurance carrier built for startups, has raised a […]
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IRIS led the Paris- and London-based startup’s round, with BGV joining alongside existing investors Serena and Partech. The company’s Infrahub platform is in production at TikTok and at one European cloud provider that says it has cut deployment times from five days to fifteen minutes. OpsMill, the Paris-headquartered infrastructure data management company, has raised $14m […]
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