Chinese food delivery giant Meituan raised nearly $10 billion in a sale of convertible bonds and additional shares and plans to invest those funds in developing and expanding delivery technologies. The Beijing-based firm, China’s largest food delivery platform, said in a filing to the Hong Kong stock exchange that it sold 187 million additional shares […]
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Risky uses of artificial intelligence that threaten people’s safety or rights such as live facial scanning should be banned or tightly controlled, European Union officials said Wednesday as they outlined an ambitious package of proposed regulations to rein in the rapidly expanding technology. The draft regulations from the EU’s executive commission include rules for applications […]
Venmo will allow users to buy and sell cryptocurrencies on its app, the company said Tuesday, the latest mainstream financial platform to wade into alternative currency like Bitcoin. In addition to Bitcoin, Venmo has opened up the platform to Ethereum, Litecoin and Bitcoin Cash — generally considered to be among the mainstream of the digital […]
Popular gaming and community chat app Discord Inc. has pulled out of talks to be acquired by tech giant Microsoft Corp, as the company looks to go after an initial public offering at a later stage, The Wall Street Journal reported citing people familiar with the matter. But while negotiations between both parties ended without […]
Audio-only media has been rapidly increasing in popularity among people of all ages and backgrounds over the past decade. What was once transmitted by radio has now become a podcast. Where once people would sit down and read a book, now we listen to audiobooks while commuting, running errands, and doing our dailies. Platforms like […]
In a sort of domino effect, popular discussion and content platform Reddit announced on Tuesday a first look into its new audio tool called “Reddit Talk” to be integrated within its subreddits, in a bid to increase user real-time engagement. While Reddit Talk does have similarities to Clubhouse, the layout of the tool has a […]
After fans of the cryptocurrency touted April 20, long an unofficial holiday for marijuana devotees, as “Doge Day,” Dogecoin failed to come close to the $1 target that supporters hoped to reach and was falling in late afternoon trading. The goal may have sounded like a low hurdle, particularly when compared against the $50,000 or […]
British authorities are exploring the possibility of creating a new digital currency that Treasury chief Rishi Sunak touted as “Britcoin.” The Bank of England and the Treasury said Monday that they will work together to assess the benefits of a central bank digital currency, at a time when cash payments are generally on the decline, […]
The concept of flying cars has triggered humanity’s fancy for decades, appearing in all kinds of sci-fi and futuristic forms of entertainment from the silver screen to video games. With Marty McFly’s prediction of having flying cars by 2015 shattered, it looks as though the dream of “drive and fly” is in the early stages […]
The China Import and Export Fair (Canton Fair) opened its 129th session on Wednesday, and what is its third digital exhibition. 260 thousand exhibitors present a record-breaking 2.7 million products across 16 categories, 82 thousand of which will be new products. Exhibitors will showcase their products through cutting-edge digital presentations such as pictures, videos, 3D […]