The Dutch Data Protection Authority has fined Uber €825 million ($966 million) for allegedly using automated systems to deactivate drivers without providing adequate information or meaningful human review, in what would be the second-largest penalty imposed under Europe’s General Data Protection Regulation. The regulator’s decision, dated Aug. 17 and reviewed by Reuters, concerns Uber’s handling […] The post Uber Fined $966 Million By Dutch Regulator Over Automated Driver Deactivations appeared first on Tekedia.

Bitcoin has staged one of its strongest rallies of the year, climbing more than 20% this week and reaching levels last seen in May, but prediction-market traders remain cautious about how much of the advance can be sustained through the end of 2026. Bitcoin rose above $77,000 on Friday and briefly approached $80,000, according to […] The post Bitcoin Rally Lifts 2026 Outlook, But Kalshi Traders See Year-End Price Near $75,000 appeared first on Tekedia.

Stripe executives say the artificial intelligence “singularity” has already arrived, explaining that a sharp acceleration in technology-driven business creation and other long-term trends convinced the payments company that the world entered a new economic phase at the beginning of 2026. In a letter to investors on Wednesday, Stripe CEO Patrick Collison, President John Collison and […] The post Stripe Says AI Singularity Arrived in January as Company Steps Up Bet on AI Economy appeared first on Tekedia.

The U.S. Treasury’s efforts to ease pressure in the government bond market may provide temporary relief but will not address the deeper problem of rapidly rising debt issuance, according to JPMorgan. James Sullivan, JPMorgan’s co-head of global fundamental research, said the Treasury’s strategy of buying back longer-dated bonds while financing itself with shorter-term bills could […] The post JPMorgan Warns Treasury Buybacks May Delay, Rather Than Solve, U.S. Debt Market Pressures appeared first on Tekedia.

Taiwan is heading for one of its strongest economic expansions in decades as the global artificial intelligence boom drives unprecedented demand for semiconductors and technology products, but economists warn that the double-digit growth expected this year may prove difficult to sustain. Taiwan’s statistics agency earlier this month raised its 2026 GDP growth forecast to 11.05%, […] The post Taiwan’s AI Boom Drives 11% Growth Forecast, but Heavy Chip Dependence Raises Risks appeared first on Tekedia.

Bitcoin has climbed above the $78,000 level, marking a sharp continuation of its multi-day advance and triggering fresh waves of short liquidations across the cryptocurrency market. The move pushed the largest digital asset to an intraday high near $79,500 before settling in the mid-to-high $77,000 range later in the session, according to market data. Over […] The post Bitcoin Surges Past $78,000 as Short Liquidations Accelerate Rally appeared first on Tekedia.

The Indian rupee ended little changed against the dollar on Friday but posted a weekly decline as rising oil prices increased pressure on the currency and investors continued to assess the impact of the Iran war on India’s import bill. The rupee closed at 95.69 per dollar, almost unchanged on the day and down about […] The post Indian Rupee Set For Weekly Loss As Oil Climbs, RBI Intervention Caps Volatility appeared first on Tekedia.

Hedge funds suffered their sharpest one-month setback against the broader U.S. stock market in more than two decades in July as investors reduced crowded positions in artificial intelligence stocks, marking one of the most significant reversals of the AI trade in recent years, according to Goldman Sachs. Goldman Sachs strategists led by Ben Snider said […] The post Hedge Funds Suffer Worst AI-Driven Reversal In 20 Years As Investors Cut Crowded Tech Bets appeared first on Tekedia.

Shein is targeting a Sept. 1 listing in Hong Kong at a valuation of about $26 billion to $27 billion, according to sources cited by SCMP, as the fast-fashion retailer prepares for an initial public offering that would value the company at less than a third of its peak private-market valuation. The Singapore-headquartered online retailer […] The post Shein Shifts Hong Kong IPO to September 1 at valuation as low as $26 billion appeared first on Tekedia.

In my fourth year at the Federal University of Technology, Owerri (FUTO), Professor Nwachukwu taught us Solid-State Devices, building on an earlier course by Professor Ejimanya, who had introduced us to the fundamental elements of diodes, CMOS and BJT transistors. Before then, Professor Chukwudebe had helped us understand the broader system through central processing units […] The post From Silicon Wafers to Strategic Minerals: Contisx Invests in Nigeria’s Mining Future appeared first on Tekedia.

If you’ve been in IT infrastructure for more than a few years, you’ve probably noticed the pendulum swinging back. A lot of workloads that got shipped off to public hyperscalers in the last decade are quietly coming home. Unpredictable egress fees, compliance headaches around GDPR and HIPAA, and the nagging feeling of being locked into […] The post The Role of Hypervisors in Building Sovereign and Private Cloud Environments appeared first on Tekedia.

Missed the Biggest Crypto Winners? Monero surged from an ATL of around $0.21 to an ATH near $797, while Avalanche climbed from roughly $2.79 to over $146, delivering massive returns to early investors. With those opportunities now largely behind the market, many investors are searching for the next 100x crypto before its biggest move happens. […] The post Watched Monero Take Off Without You? Apeing Might Be Your Next 100x Crypto Rocket Ready to Explode This Bull Season appeared first on Tekedia.

South Korea plans to establish a new fund that would channel tax revenues generated by the country’s semiconductor boom into programmes for younger generations and investments in artificial intelligence and other future growth industries, as the government seeks to turn a cyclical technology windfall into longer-term economic gains. The proposed “Future Response Fund” would finance […] The post South Korea Plans $72bn Future Fund To Channel Chip Boom Tax Windfall Into AI And Youth Support appeared first on Tekedia.

Samsung Electronics has unveiled a shareholder return programme worth as much as 110 trillion won ($79.5 billion) for 2026, escalating a week of major capital-return announcements by South Korea’s two largest memory-chip makers as both companies grapple with demands from workers for a larger share of the profits generated by the artificial intelligence boom. Samsung […] The post Samsung Unveils Up To $80bn Shareholder Return As Korea’s Chip Giants Battle Over Worker Bonuses appeared first on Tekedia.

Gold prices surged on Friday, putting bullion on course for its strongest weekly gain in months as renewed concerns about U.S. government debt, a weaker dollar and volatility in the Treasury market revived demand for the traditional safe-haven asset. Gold futures rose 1.67% to $4,647.70 an ounce in early trading, while spot gold gained 1.55% […] The post Gold Heads for 5% Weekly Gain as Debt Fears, Weaker Dollar Revive Safe-Haven Demand appeared first on Tekedia.

Somewhere in Nigeria’s proposed rules for Digital and Virtual Assets Operations, Custody and Markets sits a sentence that reads like routine regulatory housekeeping: regulated entities may be required to give the Securities and Exchange Commission API-based or electronic access to their systems to check transactions on crypto and other virtual assets wallets. It is not […] The post SEC Wants a Live Feed Into Your Crypto Wallet. Nigeria Isn’t Ready for What That Means For Privacy appeared first on Tekedia.

Caroline Ellison and Gary Wang have reached the end of another major chapter in the legal fallout from FTX, settling their final regulatory case in the United States without facing additional financial penalties. The Commodity Futures Trading Commission (CFTC) has instead imposed trading and registration bans, while giving significant weight to the cooperation both provided […] The post Caroline Ellison and Gary Wang Close Final FTX Regulatory Case appeared first on Tekedia.

Global stocks were heading for their steepest weekly decline since mid-July on Friday as renewed pressure in government bond markets, rising oil prices and growing concern over the sustainability of U.S. debt kept investors on edge. The combination is creating a difficult backdrop for equities. Higher government bond yields are increasing borrowing costs, lifting the […] The post Global Stocks Set for Biggest Weekly Drop Since July as Bond, Oil and Debt Fears Mount appeared first on Tekedia.

The financial markets are sending increasingly divergent signals about the health of the global economy. On one side, Walmart shares suffered a sharp decline after the retail giant reported a disappointing quarterly sales performance. On the other, gold and silver added a combined $1.3 trillion to their market value as investors poured capital into precious […] The post Walmart Earnings and Precious Metals Rally Signal a Changing Market appeared first on Tekedia.

The sharp rebound in South Korean technology stocks this week offered a powerful reminder that semiconductor valuations are increasingly connected to the global bond market. SK Hynix surged more than 12%, while Samsung Electronics gained almost 9%, helping propel South Korea’s KOSPI sharply higher. The immediate catalyst was not simply optimism over artificial intelligence or […] The post Why SK Hynix and Samsung Shares Are Rising Amid Falling U.S. Treasury Yields appeared first on Tekedia.

Ethereum is showing signs of renewed conviction from large investors as whale wallets continue to accumulate ETH despite the cryptocurrency’s recent surge of more than 18%. According to Lookonchain data, several major transactions have moved substantial amounts of Ether away from centralized exchanges, suggesting that some large holders may be positioning for further upside rather […] The post 120,000 ETH Accumulated in Three Weeks as Whale Confidence Grows appeared first on Tekedia.

The rapid expansion of artificial intelligence infrastructure in the United States is creating an unexpected political problem for the technology industry. Data centers, once presented as symbols of economic growth, technological leadership and high-paying jobs, are increasingly becoming a source of public frustration. In Ohio, the backlash has become serious enough for the National Republican […] The post Data Centers Become a Political Liability for AI in Ohio appeared first on Tekedia.

Moderna delivered one of the most dramatic stock-market rallies in recent biotechnology history after shares surged approximately 177% in a single trading session, following positive late-stage clinical trial results for its personalized mRNA cancer treatment. The move represented a remarkable reversal for a company that has struggled to maintain the growth generated by its COVID-19 […] The post Moderna’s Historic 177% Surge Signals a New Era for mRNA Cancer Treatment appeared first on Tekedia.

OpenAI has launched an Apple iMessages plug-in for ChatGPT that allows users to connect their Messages inbox to the chatbot, giving the AI system access to conversations for tasks ranging from searching message histories to drafting and sending texts. The feature expands ChatGPT’s role from a standalone chatbot into an assistant capable of interacting with […] The post OpenAI Brings ChatGPT Into Apple Messages, Enabling AI To Search, Edit And Send Texts appeared first on Tekedia.

Japan’s headline inflation accelerated to 1.9% in July, the highest level recorded this year, as rising energy costs began to feed into consumer prices and renewed pressure on the yen kept the outlook for monetary policy in focus. Core inflation, which excludes fresh food but includes energy, rose 1.8% from a year earlier, in line […] The post Japan’s Inflation Rose 1.9% in July as Oil Shock and Weak Yen Keep Pressure on BOJ appeared first on Tekedia.

CNBC’s Jim Cramer said Thursday that rising bond yields, higher oil prices and concerns about the U.S. consumer are making it increasingly difficult for investors to reward companies with strong underlying businesses, creating what he described as an “incredibly jarring gulf between stock prices and reality.” Cramer’s comments came after another difficult session for Wall […] The post Cramer: Macro Pressures Are Creating ‘Jarring Gulf’ Between Stock Prices And Business Reality appeared first on Tekedia.

India’s infrastructure sector expanded at a slower pace in July, with output across the country’s nine core industries rising 5.4% from a year earlier as growth in electricity and iron ore production moderated. The July increase followed a revised 6% expansion in June, according to data released by the Indian government under its newly revised […] The post India Infrastructure Output Growth Slows to 5.4% in July as Energy Production Moderates appeared first on Tekedia.

OpenAI is regaining ground on Anthropic among U.S. businesses, new data from corporate spending platform Ramp shows, offering an early indication that competition between the two leading AI companies is becoming increasingly fluid as enterprises experiment with competing models. Neither OpenAI nor Anthropic has publicly disclosed the detailed financial information investors will eventually expect to […] The post OpenAI Gains Ground on Anthropic in US Business AI Market, Ramp Data Shows appeared first on Tekedia.

U.S. stock futures came under renewed pressure on Thursday as investors assessed rising oil prices, higher Treasury yields and escalating tensions between Washington and Tehran, adding to concerns about inflation and the outlook for interest rates. The latest market moves came after U.S. President Donald Trump vowed to impose what he called unprecedented “economic warfare” […] The post U.S. Stock Futures Under Fresh Pressure After Tech Selloff, Oil Climbs As Investors Weigh Inflation And Middle East Risks appeared first on Tekedia.

Brazil is investing about 2.3 billion reais ($444.2 million) to build out its artificial intelligence infrastructure, dividing major projects between Chinese and U.S. technology suppliers as President Luiz Inácio Lula da Silva’s government seeks to strengthen the country’s technological independence while maintaining ties with both global powers. The investment places Brazil among a growing group […] The post Brazil Splits $444m AI Investment Between China and U.S. as Lula Pushes for Tech Autonomy appeared first on Tekedia.

The robotaxi market is moving from years of testing and ambitious promises into a more commercially meaningful phase, with a growing number of companies now operating paid autonomous ride services across the United States, China and, increasingly, other international markets. Uber’s launch of autonomous rides in Zagreb on Wednesday, in partnership with Chinese self-driving company […] The post Uber, Pony.ai and Verne Launch First Robotaxi Service in Europe, While Tesla Remains Behind appeared first on Tekedia.

Ant International has launched an upgraded artificial intelligence model designed for financial forecasting, signing partnerships with six major global banks as lenders accelerate efforts to deploy specialized AI systems to manage liquidity, foreign exchange and other balance-sheet risks. The Singapore-based fintech company on Thursday unveiled the Falcon Time-Series Transformer Model 2.0, an upgraded forecasting system […] The post Citi, HSBC, StanChart Adopt Ant International’s Forex AI Tool, As Global Banks Turn to Specialized Tools For Liquidity Management appeared first on Tekedia.

SK Hynix has reached a tentative wage agreement with its South Korean workers that would pay at least 60% of this year’s bonuses in company shares, reshaping how employees will receive a windfall generated by the artificial intelligence boom as the chipmaker moves simultaneously to return billions of dollars to shareholders. The agreement was necessitated […] The post SK Hynix Shifts AI Windfall To Stock Bonuses As $29 Billion Buyback Lifts Shares appeared first on Tekedia.