Hackers steal $41mn worth of bitcoin from Binance cryptocurrency exchange
HONG KONG: Hackers stole bitcoin worth $41 million from Binance, one of the world's largest cryptocurrency exchanges, the company said on Wednesday, the latest...
Samsung to enhance production at Tamil Nadu facility with $117 million investment
Samsung will add 100 more jobs to the plant, reinforcing the company’s confidence in the labor force of Tamil Nadu state
Fast and secure Turkish messaging app BiP introduces group, chat import
ISTANBUL: Having witnessed 2 million downloads in Pakistan and 80 million downloads globally, Turkey’s secure life and communication platform BiP now introduces its new...
Meta trims employee stock options by 10% while raising executive bonuses
Amid record stock highs, Meta cuts equity grants for employees but boosts executive bonus targets to 200%
U.S. smartphone market grows 1% as Indian-made phones gain ground
India becomes top smartphone manufacturing hub for U.S. market in Q2 as trade tensions and tariffs with China prompt supply chain shifts
Instagram not an instant fix for ailing Facebook
The social media company suffered the biggest one-day wipeout in U.S. stock market history, losing more than $120 billion in market capitalization as shares fell 19 percent a day after executives forecast years of lower profit margins due to regulatory pressure over privacy.
Apple selects Alibaba for AI integration in China iPhones
Apple uses Apple Intelligence and ChatGPT in iPhones, but it is not confirmed if the Alibaba partnership follows this model
Pakistan earns $2.9 billion from IT services in FY 2023-24
23.33% growth in IT services exports, led by computer and telecommunication services
U.S. says Huawei limited to 200,000 AI chips in 2025
While 200000 chips seem low, it should not give false security as China invests heavily in AI chip capability, says US official
Pakistan’s Ailaaj announces $1.6mn in seed funding to scale as full-stack digital healthcare platform
LAHORE: Ailaaj, Pakistan’s first full-stack digital healthcare platform which is offering end-to-end patient care services, Wednesday announced raising $1.6 million in its seed round.
The...
Mobile phone imports surged by 48.41pc during July 2017
Islamabad: Â Mobile phone imports into the country surged by 48.41 percent during the first month of the current fiscal year compared to the imports...
Riding high on growth, Bykea would have raised a lot more than $10mn. But VCs are nixing growth stage investments
Riding high on growth, Pakistan’s mobility, commerce and payments startup Bykea has announced completing a $10 million raise from existing investors which will help...
Alphabet, Nvidia invest in OpenAI co-founder Sutskever’s SSI, source says
SSI, which sources say was recently valued at $32 billion, is one of the highest-profile startups working on AI model research
Tencent expands AI push with new 3D generation tools
The company launches five open-source Hunyuan3D-2.0 models, including "turbo" versions generating 3D visuals in under 30 seconds
Uber makes confidential filing for long-awaited IPO
Uber’s valuation in its most recent private financing was $76 billion, and it could be worth $120 billion in an IPO
