Tech in Asia

On May 2, Garibaldi Thohir resigned as commissioner to focus on his family business.

Tiwari nominated retired Justice Rajiv Shakdher as his arbitrator.

The case involves shipping servers that may contain Nvidia Corp. chips restricted by US export laws.

In today’s Daily newsletter, we look at a VC fund that is shying away from hype and focusing on solving “real, unsexy problems.”

The fund has already invested in over 10 Chinese robotics firms, including Unitree Robotics, Galbot, and Galaxea AI.

Apple reported a profit of US$24.8 billion for the first quarter of 2025.

Metaplanet, now among the top ten corporate bitcoin holders globally, aims to hold 10,000 BTC by the end of 2025.

Mohan also noted that YouTube has paid 21,000 crore rupee (US$2.5 billion) to Indian creators over the past three years.

Users can interact with it using combinations of text, audio, and image queries.

The Offset is Tech in Asia’s free newsletter that breaks down the biggest stories and trends in greentech.

Demand remains steady, and average selling prices are stable, though some product categories have seen increased purchasing.

This move comes after previously applying a surcharge to offset higher tariffs and as inventory in the US begins to decline.

WeLab Bank achieved its first quarterly profit just five years after launching, faster than the industry average.

Cook said that Apple will obtain tens of millions of processors from a facility in Arizona this year.

Battery swapping enables EV owners to exchange depleted batteries for fully charged ones in approximately 100 seconds.

Nvidia also allocated US$3.5 million for Huang's residential security and related services in 2025.

This move aligns with Microsoft's broader strategy to expand Azure AI Foundry.

PayPal reported a 20% revenue increase for Venmo in Q1 2025, along with a 10% rise in total payment volume.

Apple shares dropped by 4% after CEO Tim Cook said that estimated tariffs could increase costs by US$900 million.

Lightspeed's RIA status comes as the firm plans to launch new funds totaling US$7 billion.