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China's Industrial Robot Sales Stumble for First Time in Five Years Amidst Weakening Demand

China's industrial robot sales are projected to decline for the first time in five years, signaling a slowdown in the manufacturing sector, according to a new report by market consultancy Shenzhen Gaogong Industrial Institute (GGII), as reported by the South China Morning Post. The institute estimates that China

Fiserv Acquires Canadian Fintech Firm Payfare

US-based payments technology company Fiserv has agreed to acquire Payfare, a leading Canadian digital banking platform serving the gig economy, according to Reuters. The deal, for an undisclosed sum, will expand Fiserv's presence in the payments technology market, particularly within the rapidly growing gig economy sector where Payfare

xAI's Grok Chatbot Gets Standalone iOS App, Expanding Reach Beyond X

Elon Musk's AI company, xAI, is testing a standalone iOS app for its chatbot, Grok, reports TechCrunch. This move expands Grok's availability beyond its initial integration with the X social media platform. The app, currently in beta testing in Australia and select other markets, leverages real-time

Telegram Hits Profitability, Durov Announces

Messaging app Telegram has achieved profitability, its founder Pavel Durov announced on X (formerly Twitter) on Monday. The company's total revenue surpassed $1 billion in 2024, driven by the success of its premium subscription service launched in 2022, according to TechCrunch. Durov revealed that Telegram's premium

Biden Launches US Trade Probe into Chinese Chips, Threatening New Tariffs

The Biden administration has initiated a trade investigation into Chinese-made semiconductors, potentially leading to new US tariffs on chips used in a wide range of products, reports Reuters. The probe, announced just weeks before President-elect Donald Trump takes office, could see Trump impose significant tariffs on Chinese chips, potentially escalating

India's Data Center Capacity to Double in Next Three Years: CRISIL

India's data center capacity is poised for significant growth, more than doubling in the next three years, as reported by The Week, citing a CRISIL research. This surge is driven by soaring data consumption fueled by consumer demand and substantial industry investments in cloud and storage infrastructure. Currently

US Judge Finds NSO Group Liable for WhatsApp Hacking

A US district judge has ruled in favor of Meta Platforms' WhatsApp in a lawsuit accusing Israel's NSO Group of exploiting a bug in the messaging app to install spyware for unauthorized surveillance, as reported by Reuters. US District Judge Phyllis Hamilton in Oakland, California, granted WhatsApp&

Google Battles Japanese Antitrust Claims Over Search Practices

Alphabet Inc.'s Google is preparing to defend itself against allegations from the Japanese government that it engages in anticompetitive practices within the country's search market, reports Bloomberg. Japan's Fair Trade Commission (JFTC) has issued a cease-and-desist order to Google's Japan office, alleging

South Korean Researchers Develop 'Iron Man' Exoskeleton to Aid Paraplegics

A South Korean research team has developed a cutting-edge wearable robot that helps paraplegic individuals walk, navigate obstacles, and climb stairs, according to Reuters. This innovative exoskeleton, named WalkON Suit F1, is designed to seamlessly integrate into the daily lives of people with disabilities. The prototype, showcased by Kim Seung-hwan,

Spotify Bosses Cash In as Streaming Service Stock Soars

Spotify executives, including its co-founders, have cashed in over $1.25 billion worth of company stock in 2024, capitalizing on the music streamer's soaring share price, reports the Financial Times. This comes as Spotify's stock has nearly tripled in value this year, reaching a market capitalization