Tech in Asia

The OECD's growth forecast for the US in 2025 has been revised down to 1.6%, highlighting trade policy impacts.

Kraken Prime connects users to liquidity from over 20 global venues, covering more than 90% of the digital asset market.

The administration is currently reviewing strategies and observing developments in similar discussions.

Windsurf, acquired by OpenAI in April, now relies on third-party providers, which may cause short-term availability issues.

Crowdstrike recorded a net loss of US$110.2 million, or 44 cents per share ending April 30.

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The AWS European Sovereign Cloud is expected to launch by the end of 2025.

Founded in 2003 with CIA backing, Palantir now earns over 42% of its revenue from US government deals.

Deployment for the first clients in Southeast Asia and South Asia is set for June 2025 after successful trials.

In testing, Speedata’s APU completed a pharmaceutical workload in 19 minutes versus 90 hours with standard processors.

As Tokopedia turns into a mere unit of a massive global marketplace, merchants and employees mourn the loss of what they considered a made-in-Indonesia platform.

The new chip offers double the performance of its predecessor and features aimed at improving efficiency.

BYD's shares dropped up to 17%, erasing US$15.6 billion in market value before a slight recovery.

Nvidia, Microsoft, and Apple have alternated positions at the top of the market capitalization rankings since June 2024.

The deal is designed to support Meta's increasing electricity needs driven by AI operations.

Chinese companies are adapting to US tariffs, with overseas revenue making up only 10% to 15%.

According to their analysts, stablecoins could enhance market liquidity and improve digital payment and settlement systems.

Saad Hariri's firm, Genesis SPV Ltd., was registered in Abu Dhabi's financial free zone in late May.

In Q1 2025, Xiaomi reported a loss of 500 million yuan (US$69.5 million) from its smart EVs, AI, and other new ventures.

Minister of Digital Affairs Huang Yen-nan said that these companies submitted fraud prevention plans in May 2025.