News

Dylan Butts / CNBC: Amazon will invest $35B+ in India’s cloud and AI sector by 2030, adding to the ~$40B it has invested in the country, and says the plan will create 1M more jobs  —  Amazon on Wednesday committed… Read More »Amazon will invest $35B+ in India’s cloud and AI sector by 2030, adding to the ~$40B it has invested in the country, and says the plan will create 1M more jobs (Dylan Butts/CNBC)

Wataru Suzuki / Nikkei Asia: Chinese state-backed chipmaker Hygon, which makes server CPUs, calls off merger with its top shareholder and server maker Sugon; the merger was announced in May  —  SHANGHAI — Chinese chipmaker Hygon Information Technology is abandoning… Read More »Chinese state-backed chipmaker Hygon, which makes server CPUs, calls off merger with its top shareholder and server maker Sugon; the merger was announced in May (Wataru Suzuki/Nikkei Asia)

Bloomberg: Nintendo’s shares slid as much as 4.7% on December 10 to their lowest level since May, amid concerns that rising memory chip prices will erode its profit  —  Nintendo Co.’s shares slid as much as 4.7% Wednesday to their… Read More »Nintendo’s shares slid as much as 4.7% on December 10 to their lowest level since May, amid concerns that rising memory chip prices will erode its profit (Bloomberg)

The Guardian: Ofcom: UK porn traffic has now settled at a “lower level” since the start of age checks; VPN users rose to a peak of 1.4M in mid-August and now stand at 900K  —  Visitor numbers to UK’s 10… Read More »Ofcom: UK porn traffic has now settled at a “lower level” since the start of age checks; VPN users rose to a peak of 1.4M in mid-August and now stand at 900K (The Guardian)

Mark Anderson / Bloomberg: Coupang CEO Park Dae-jun resigns after the company incurred South Korea’s largest-ever data breach, in which the personal data of 30M+ people was compromised  —  Coupang Inc. Chief Executive Officer Park Dae-jun has resigned after the… Read More »Coupang CEO Park Dae-jun resigns after the company incurred South Korea’s largest-ever data breach, in which the personal data of 30M+ people was compromised (Mark Anderson/Bloomberg)

Reuters: Sources: Nvidia has privately demonstrated its unreleased location verification tech in recent months, which could show the country its chips are operating in  —  Nvidia (NVDA.O) has built location verification technology that could indicate which country its chips are… Read More »Sources: Nvidia has privately demonstrated its unreleased location verification tech in recent months, which could show the country its chips are operating in (Reuters)

Lisa Stiffler / GeekWire: Microsoft Research, Providence, and UW develop the GigaTIME AI model, aiming to perform tumor analysis in a fraction of the time and cost of existing methods  —  Pacific Northwest tech and cancer researchers are publicly releasing… Read More »Microsoft Research, Providence, and UW develop the GigaTIME AI model, aiming to perform tumor analysis in a fraction of the time and cost of existing methods (Lisa Stiffler/GeekWire)

Bloomberg: Bengaluru-based e-commerce platform Meesho opened up 54% in its stock market debut, giving the company a ~$8.4B market cap after raising ~$603M in its India IPO  —  Follow Bloomberg India on WhatsApp for exclusive content and analysis on what… Read More »Bengaluru-based e-commerce platform Meesho opened up 54% in its stock market debut, giving the company a ~$8.4B market cap after raising ~$603M in its India IPO (Bloomberg)

Danielle Popov / South China Morning Post: DEEP Robotics, a Hangzhou-based startup that builds quadruped and humanoid robots, raised a $70M Series C to expand R&D and production capacity  —  Company founder Zhu Qiuguo says the new funding would be… Read More »DEEP Robotics, a Hangzhou-based startup that builds quadruped and humanoid robots, raised a $70M Series C to expand R&D and production capacity (Danielle Popov/South China Morning Post)

Romolo Tosiani / Reuters: Stellantis partners with Estonian ride-hailing service Bolt, which serves 200M+ riders, to test Level 4 driverless vans across Europe in 2026  —  Carmaker Stellantis (STLAM.MI) is teaming up with Estonia-based ride-hailing platform Bolt to deploy driverless… Read More »Stellantis partners with Estonian ride-hailing service Bolt, which serves 200M+ riders, to test Level 4 driverless vans across Europe in 2026 (Romolo Tosiani/Reuters)