Musk’s xAI explores Saudi options to expand data operations
Saudi Arabia’s Public Investment Fund is expected to play a key role in future financing for xAI
PayPal founder Peter Thiel backs Pakistan’s eCommerce marketplace PriceOye in $7.9mn seed round
Pakistan’s electronics-focused eCommerce platform PriceOye.pk has announced completing a seed raise of $7.9 million as it focuses to become a nationwide specialised electronic store...
Measuring the market
How do retail brands measure their performance in Pakistan and how accurate is it? More often than not, the sole parameter used in this...
With $13mn in seed funding, NayaPay to roll out payments and messaging platform
Pakistan-based fintech startup NayaPay has announced raising $13 million in one of the largest seed rounds in South Asia, to roll out its payments...
NHA launches e-billing system to ensure transparency
'By launching mobile application and now e-billing system, NHA has made all its record public'
ISLAMABAD:Â Communications and Postal Service Minister Murad Saeed said on...
Ziff Davis files lawsuit against OpenAI over ChatGPT’s use of copyrighted works
Ziff Davis' portfolio includes well-known tech news outlets like ZDNet, PCMag, CNET, IGN, and the advice website Lifehacker
Sharp seeks alliance with Japan Display Inc to challenge LG, Samsung in OLED displays
TOKYO: Japan’s Sharp Corp will ask the government to help it form an alliance with rival Japan Display Inc in OLED technology to better...
Samsung heir sentenced to five years in jail for bribery
Seoul: The heir to the Samsung empire was convicted of bribery and other offences Friday and jailed for five years in connection with the...
Alibaba revenue beats estimates, but investments prolong margin squeeze
April-June saw Alibaba lead a $1.38 billion investment in Chinese logistics firm ZTO Express (Cayman) Inc and commit $320 million to a Thai e-commerce project.
Meta may face daily EU fines over pay-or-consent model
Under the DMA, daily penalties for non-compliance can reach up to 5% of a company's average daily global turnover
Google makes $100 million investment in Indonesia’s ride-hailing app Go-Jek
SINGAPORE: Google has made its first ride-hailing investment in Asia by pumping money into Go-Jek, as the Indonesian start-up and deep-pocketed rivals rapidly expand...
MAGniTT’s first report outside MENA region bodes well for Pakistani startups
ISLAMABAD:
Dubai-based venture data platform MAGNiTT has revealed that Pakistan-based companies raised $10 million in H1 2020, a decline of nine percent from $11 million...
Pakistan’s B2B agritech startup Tazah closes pre-seed round at $6.5mÂ
LAHORE: Lahore-based B2B fresh produce marketplace Tazah Technologies has raised an additional $4.5 million in its pre-seed extension round, bringing the total pre-seed raise...
Musk’s X faces court challenge over advertiser boycott probe
In a 2023 lawsuit, X claims Media Matters defamed the platform by reporting that major brand ads appeared next to extremist content
EU’s Ribera says Microsoft has pledged to follow European regulations
Complying with the rules is more valuable than claiming unfair treatment due to Microsoft's U.S. origin, says EU Competition Commissioner
