SpaceX reported its first earnings as a public company on Wednesday, posting revenue that nearly doubled in the second quarter as rapid expansion of its Starlink satellite internet business and AI operations boosted investor optimism around Elon Musk’s long-term growth strategy. However, the results also highlighted the enormous capital requirements needed to build the company’s […] The post SpaceX Revenue Nearly Doubles As AI, Starlink Fuel Growth, But Massive Spending Weighs On Shares appeared first on Tekedia.

India’s services sector expanded at its slowest pace in more than four years in July as weaker client demand, intense competition and fading business confidence weighed on activity, adding to signs that momentum across the country’s private sector is easing even as inflation remains contained ahead of the Reserve Bank of India’s policy decision. The […] The post India’s Services Growth Slows To Weakest In Over Four Years As Demand Softens; SEBI Stands By New Market Closing Auction appeared first on Tekedia.

Samsung Electronics and SK Hynix have been evaluating semiconductor manufacturing equipment from China’s Advanced Micro-Fabrication Equipment (AMEC) for potential use at their Chinese production facilities, Reuters reports, citing people familiar with the matter. The evaluations, which began roughly two years ago, are part of contingency planning by the world’s two largest memory chipmakers as they […] The post Samsung, SK Hynix Evaluate Chinese Chip Equipment As Hedge Against Tougher U.S. Export Controls appeared first on Tekedia.

Customs filing shows more than half of invalidated tariff collections have been returned to importers, although some critics believe consumers have yet to benefit The Trump administration has refunded approximately $100 billion in tariffs that were collected before the U.S. Supreme Court invalidated a large portion of President Donald Trump’s trade duties earlier this year, […] The post U.S. Refunds $100bn in Struck-Down Trump Tariffs as Legal Battle Over Trade Powers Continues appeared first on Tekedia.

SpaceX plans to transform Starlink Mobile from a satellite backup service into a full-fledged mobile network capable of competing directly with the three largest U.S. wireless carriers, marking one of Elon Musk’s boldest attempts yet to disrupt another established industry. Speaking during SpaceX’s first earnings call since its June initial public offering, President Gwynne Shotwell […] The post SpaceX Aims To Challenge AT&T, Verizon And T-Mobile With Nationwide Starlink Mobile Network appeared first on Tekedia.

India’s foreign exchange reserves climbed to a near three-month high at the end of July, strengthening the Reserve Bank of India’s (RBI) ability to shield the rupee from external shocks, but economists expect the currency to remain largely range-bound as the central bank continues to manage sizable dollar obligations accumulated from previous market interventions. Data […] The post India’s FX Reserves Near $693bn As RBI Inflows Bolster Buffer, But Economists See Limited Upside for Rupee appeared first on Tekedia.

Chipmaker posts 50% revenue growth and doubles data center sales, but investors demand stronger upside after stock’s 132% rally this year. Advanced Micro Devices’ shares fell sharply in premarket trading on Wednesday, even after the chipmaker delivered better-than-expected second-quarter results, as investors looked beyond another quarter of robust artificial intelligence-driven growth and questioned whether the […] The post AMD Shares Slide After Earnings Beat as Lofty AI Expectations Overshadow Strong Data Center Growth appeared first on Tekedia.

U.K. AI Security Institute says Anthropic’s Mythos attempted social engineering during controlled evaluation, while OpenAI’s GPT-5.6-Sol was involved in separate incidents under reduced safeguards Anthropic’s flagship AI model, Mythos 5, created fake online identities and attempted to manipulate a software maintainer into approving malicious code during a controlled cybersecurity evaluation, according to the U.K. AI […] The post Anthropic AI Used Fake Online Identities in U.K. Cyber Test, Deepening Concerns Over Frontier Model Safety appeared first on Tekedia.

China has unveiled a fresh round of retaliatory measures against U.S. government-linked organizations and private entities, expanding restrictions on American companies, tightening export controls on drone technology and curbing the role of U.S.-based certification agencies, in the latest escalation of the intensifying technology and trade confrontation between the world’s two largest economies. The measures, announced […] The post China Tightens Curbs on U.S. Firms, Drone Exports as Tech and Trade Dispute with Washington Deepens appeared first on Tekedia.

SpaceX sharply increased purchases of Tesla Megapack battery storage systems in the second quarter, underscoring the growing integration of Elon Musk’s businesses as surging artificial intelligence infrastructure drives demand for large-scale energy storage. According to SpaceX’s earnings report released on Tuesday, the company spent $295 million on Tesla Megapacks during the second quarter, bringing total […] The post SpaceX Nearly Doubles Tesla Megapack Purchases As AI Data Center Expansion Accelerates appeared first on Tekedia.

Circle on Wednesday unveiled the first group of institutions that will help operate Arc, its new blockchain network designed to accelerate digital payments and tokenized financial transactions, marking one of the industry’s strongest pushes yet to bridge traditional finance with blockchain infrastructure. The network, scheduled for a public launch on September 16, will initially be […] The post Circle Unveils BlackRock, Visa, ICE Among Launch Partners As Arc Blockchain Targets Institutional Finance appeared first on Tekedia.

Yellow Card a leading global stablecoin infrastructure provider, has announced the successful closing of a $40 million strategic funding round. The round was backed by SC Ventures, the innovation and investment arm of Standard Chartered, Sony Innovation Fund, Polychain Capital, Blockchain Capital, and other strategic investors. The latest investment brings Yellow Card’s total equity financing […] The post Yellow Card Secures $40 Million Strategic Funding to Expand Global USD Accounts And Stablecoin Infrastructure appeared first on Tekedia.

Australian carrier to book A$115 million gain as Jetstar Japan prepares to drop Jetstar name and sharpen focus on Japan’s competitive low-cost aviation market Qantas Airways will exit Jetstar Japan after agreeing to sell its 33.32% stake in the budget airline through an 8.2 billion yen ($52.11 million) share buyback, marking the end of the […] The post Qantas to Exit Jetstar Japan in $52m Deal, Clearing Path for Local Ownership and Brand Overhaul appeared first on Tekedia.

Saudi Aramco reported a sharp increase in second-quarter profit on Tuesday, beating analyst expectations as elevated oil prices and refining margins during the U.S.-Iran conflict offset lower sales volumes, and underscored the resilience of Saudi Arabia’s export infrastructure amid one of the biggest supply disruptions in oil market history. The world’s largest oil producer posted […] The post Aramco Q2 Profit Jumps 33%, Beating Expectations As Iran War Boosts Oil Prices appeared first on Tekedia.

Mobility infrastructure company Moove has raised $250 million in a Series C funding round, achieving a valuation of $2.1 billion as it accelerates the next phase of its autonomous mobility ambitions. The funding round was led by Mubadala and co-led by Woven by Toyota and Ion Pacific. The fresh capital will be used to expand […] The post Moove Raises $250 Million at $2.1 Billion Valuation to Expand Autonomous Mobility Infrastructure appeared first on Tekedia.

Toyota Motor Corporation raised its full-year operating profit forecast on Tuesday, citing a significantly weaker yen and lower-than-expected disruption from the Middle East conflict, while unveiling a ¥1 trillion ($6.3 billion) share buyback aimed at boosting shareholder returns. The improved outlook underscores the powerful benefit Japan’s exporters derive from currency weakness, even as Toyota continues […] The post Toyota Raises Full-Year Profit Forecast on Weaker Yen, Announces ¥1tn Buyback Despite China and Middle East Headwinds appeared first on Tekedia.

Germany’s flagship airline, Lufthansa, has warned that its financial performance could come under increasing pressure after the combined impact of the Iran conflict and widespread employee strikes significantly affected its second-quarter results. The airline said geopolitical instability and labor disruptions have created a challenging operating environment, forcing management to adopt a more cautious outlook for […] The post Lufthansa Warns Iran Conflict and Strikes Could Reduce 2026 Profit appeared first on Tekedia.

Ethereum staking continues to gain momentum as institutional investors and large crypto holders show little sign of slowing their commitment to the network. Despite ongoing market volatility, recent on-chain data suggests that confidence in Ethereum’s long-term value proposition remains strong, with hundreds of millions of dollars’ worth of ETH being moved into staking rather than […] The post Ethereum Staking Momentum Accelerates as Institutional and Whale Investors Lock Up More ETH appeared first on Tekedia.

For years, one of the most repeated principles in the cryptocurrency industry has been the phrase, “Not your keys, not your coins.” The saying has encouraged millions of Bitcoin holders to move their assets off centralized exchanges and into personal wallets where they control the private keys. Binance founder Changpeng Zhao has reignited the long-running […] The post Binance Founder CZ Challenges the ‘Not Your Keys, Not Your Coins’ Narrative appeared first on Tekedia.

Third-quarter outlook tops expectations as advertiser demand strengthens, though user declines in North America and Europe highlight ongoing competitive pressures Snap delivered stronger-than-expected second-quarter results on Monday, buoyed by a surge in advertising spending linked to the FIFA World Cup and improving demand from major brands in North America. The results provide fresh evidence that […] The post Snap Beats Revenue Estimates on World Cup Advertising Boom, AI-Driven Ad Platform Gains Traction appeared first on Tekedia.

Artificial intelligence has become one of the most influential investment themes of the decade, driving unprecedented capital flows into technology companies of every size. Yet while enthusiasm remains high, some of Wall Street’s most respected valuation experts are warning that the industry is approaching a period of consolidation. Among them is Aswath Damodaran, the New […] The post Aswath Damodaran Warns AI Shakeout Will Favor Big Tech Giants appeared first on Tekedia.

Markets entered the past week on edge as investors prepared for what many feared would be a dramatic unwinding of global risk assets. Much of the anxiety centered on the Japanese yen after the United States and Japan carried out their first coordinated currency intervention since 2011. The move was widely interpreted as an attempt […] The post Global Markets Recover as Yen Stabilizes and Risk Appetite Returns appeared first on Tekedia.

Oil prices surrendered much of their early gains on Tuesday after Qatar said diplomatic efforts to end the five-month U.S.-Iran war were continuing, easing immediate fears of a prolonged disruption to global crude supplies even as attacks on shipping in the Strait of Hormuz kept energy markets on edge. The mixed trading across oil, gold […] The post Oil Pares Gains As Qatar Pushes U.S.-Iran Diplomacy; Treasury Yields Rise While Gold Steadies On Fed Uncertainty appeared first on Tekedia.

HSBC Holdings reported stronger-than-expected first-half earnings and upgraded its full-year net interest income outlook, as its pivot toward Asia’s wealth management and cross-border banking markets continues to generate robust returns. Europe’s largest lender posted pre-tax profit of $19.5 billion for the first six months of the year, a 23% increase from $15.8 billion a year […] The post HSBC Beats Profit Forecasts, Announces $1bn Share Buyback, Raises Net Interest Income Outlook as Asia Wealth Boom Drives Growth appeared first on Tekedia.

A new national poll has revealed that a majority of Americans believe they would feel more protected as consumers if Congress passes the Digital Asset Market Clarity Act, commonly known as the CLARITY Act. As digital assets become more mainstream, many Americans are seeking clearer rules to boost confidence in the industry while safeguarding investors. […] The post 55% of Americans Would Feel More Protected as Consumers If The CLARITY Act Passes – New Poll Reveals appeared first on Tekedia.

The gaming and creator economy continues to reshape consumer markets, and the latest milestone comes as Rekt’s collaboration with FaZe Clan officially lands on Amazon. The launch of Rekt x FaZe energy drink cans on the world’s largest online marketplace marks a significant step in the evolution of gaming-inspired consumer products. By moving beyond direct-to-consumer […] The post Rekt x FaZe Energy Drink Cans Arrive on Amazon, Expanding the Brand’s Reach appeared first on Tekedia.

Nigeria has taken one of its most significant steps toward regulating the digital asset economy, with the Nigeria Revenue Service (NRS) unveiling comprehensive guidelines that bring cryptocurrencies and other virtual assets firmly within the country’s tax framework. The new Guidelines on the Taxation of Virtual Assets, issued under the recently enacted Nigeria Tax Act and […] The post Nigeria Tightens Crypto Oversight With New Tax Rules for Digital Assets and Exchanges appeared first on Tekedia.

Kwara AI Summit 2025 Concludes Successfully, Establishing Kwara as a Rising Hub for Artificial Intelligence in Africa The inaugural Kwara AI Summit 2025 concluded successfully after two impactful days of innovation, collaboration, and forward-looking conversations,… TechCity

Festival season presents fabulous opportunities for engagement and fanfare. It’s a celebratory milieu coupled with artistic narratives and a wellspring of creative energy. This is hardly the appropriate time to be staring at a screen and ensconced in the digital realm. Indeed, festivities are the perfect counterbalance to solemnities; a convivial celebration and triumph of […] The post Festival Season Meets Football: How to Bet on the Game Without Leaving the Party appeared first on Tekedia.

Crypto traders have another perpetual futures platform to assess following the official launch of Remittix Markets. The new platform brings live perps trading into the RTX ecosystem, expanding Remittix beyond its original crypto-to-fiat payments focus. It also gives active traders a new way to interact with the project ahead of the official RTX token launch. […] The post Remittix Markets Is Live, Giving Crypto Traders A New Perps Platform To Watch appeared first on Tekedia.

Artificial intelligence is often described as a race for smarter algorithms, faster computers, and more powerful models. Yet one of the most significant changes in the field has received far less attention. The real transformation is not only what AI can do, but who now has the power to shape its future. Evidence from a […] The post The Biggest Shift in Artificial Intelligence Is Not Technology appeared first on Tekedia.

Lagos-born mobility company Moove has crossed into unicorn territory, closing a $250 million Series C round that values the company at $2.1 billion. It is the largest single funding round raised by an African startup so far in 2026. Mubadala Investment Company led the round, with Woven Capital (Toyota’s growth fund) and Ion Pacific co-leading. […] The post Moove Becomes Africa’s Newest Unicorn After $250M Series C appeared first on Tech In Africa.