Kaszek Ventures, a venture capital firm based in Latin America, currently has almost $1 billion in funds raised earlier this year and is in a state of expectation that new deals will be concluded and that more mature companies will lose a significant portion of cash and potentially agree to revised estimates.
China has announced its intention to increase the country’s computing power.
The revenue indicator of Taiwan Semiconductor Manufacturing Company at the end of the third quarter of this year showed a decrease, which turned out to be lower than the pace of this negatory dynamic initially predicted.
The Taiwan Semiconductor Manufacturing Company stock price index has shown a drop more significant than any other securities in Asia since mid-June, which is a reflection of investors’ preparation for a prolonged negative situation of slowing processes in the chip sector.
The British company TalkTalk Telecom Group is currently selling its business-to-business unit to a specialized organization that is controlled by the main shareholders of these broadband Internet access providers.
Jack Madrid, President of the IT and Business Process Association of the Philippines, said that this Southeast Asian country should use artificial intelligence technologies to raise the sector to new heights of efficiency.
Moody’s warned that the shutdown of the United States government, which is currently being assessed as a potentially possible scenario for the development of events in the country, is a threat to global markets and may also become a factor of negative impact on the US credit rating.
Apple’s main suppliers in Taiwan in August faced another decline in sales figures, which turned out to be double-digit.
Ernest Cu, President and CEO of Globe Telecom, a telecommunications company based in the Philippines, says that in two years the largest data processing center of this brand will start operating.
Foxconn Technology Group is teaming up with STMicroelectronics NV to jointly participate in a tender for the construction of a semiconductor plant in India.
One of the most active early-stage venture investors in Southeast Asia, 500 Global, announced that he managed to raise funds in the amount of $143 million, which will be used to increase the volume of investments in the mentioned region.
The business of the international grocery store chain Aldi is in a state of growth in several directions.
Indian HDFC Bank announced the beginning of cooperation with Marriott Bonvoy, the Marriott International travel program, in order to launch a co-branded hotel credit card.
Cross River Bank has reached an agreement with the Current fintech platform on cooperation within the framework of the project to launch a new loan product.
Arm Holdings, which is part of the ownership structure of SoftBank Group, has taken the first step toward initial public offerings of shares.
The volume of the travel industry by 2033 may reach a significant landmark of $15.5 trillion.
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