Taiwan Computex 2025 Showcases Its Tech Strengths to Global Industry Leaders The annual Computex 2025 technology trade show opened on Tuesday, 20 May, in Taipei. The event has drawn thousands of participants from around the world, with a strong focus on artificial intelligence (AI) and robotics. This year’s exhibition is set to host 1,400 exhibitors, marking the first large-scale meeting of computer and chip industry leaders in Asia since the US, under former President Donald Trump, proposed tariffs to encourage domestic manufacturing. The trade show offers a platform for showcasing cutting-edge developments, particularly in areas where Taiwan already plays a…
Author: Aishwarya Parikh
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Microsoft Paving the Way for a More Connected AI Ecosystem Microsoft is envisioning a future where artificial intelligence (AI) agents from different companies can work together seamlessly and remember past interactions more effectively. Speaking ahead of the company’s Build developer conference, Chief Technology Officer Kevin Scott shared Microsoft’s ambitions to promote open standards across the AI industry. Build 2025, held in Seattle starting 19 May, is expected to showcase the tech giant’s latest developer tools. These tools are geared towards enhancing how AI systems, known as agents, perform tasks independently—such as resolving software issues or managing user queries. Microsoft Embraces…
Shein Secures Vietnam Warehouse to Ease China Dependence Amid Trade Tensions Fast-fashion giant Shein has leased a vast warehouse near Ho Chi Minh City, marking its first major logistics move into Vietnam. According to two sources familiar with the matter, the facility spans nearly 15 hectares and is expected to support the retailer’s efforts to ease exposure to ongoing US-China trade risks. Shift Towards Supply Chain Diversification Founded in China, Shein has largely relied on local suppliers to serve global markets, particularly the US. However, rising tariffs and shifting trade policies have forced the company to look elsewhere. One source…
Retailers Call for Antitrust Action Over Rising Visa and Mastercard Fees Europe’s largest retailers and e-commerce firms have appealed to the European Commission to take regulatory action against Visa and Mastercard. The group claims the card giants impose excessively high and opaque fees that harm European competitiveness and disadvantage alternative payment providers. Visa and Mastercard dominate payment card processing across the euro zone, handling around two-thirds of all card payments. In a letter dated 13 May and seen by Reuters, the retailers accused the companies—known in the industry as International Card Schemes (ICSs)—of inflating fees without oversight. The complaint was…
Chime Reports Revenue Growth Ahead of Anticipated Nasdaq IPO Digital banking firm Chime has officially filed for an initial public offering (IPO) in the US, marking a significant step in its market journey. The company reported a rise in annual revenue for 2024, highlighting investor interest in financial technology firms. Strong Revenue Growth Signals Market Potential Chime revealed that its revenue climbed to $1.67 billion in the fiscal year ending 2024. This marks a notable increase from $1.28 billion the previous year. The company’s growth comes as fintech firms intensify efforts to enter the US lending market, targeting market share…
Lockbit Cybercrime Gang Hit by Alleged Hack and Data Leak The notorious ransomware group Lockbit appears to have been targeted in a breach of its own. A rogue message on one of the group’s dark web sites suggested that the extortionists may have been hacked, leaving their internal communications exposed. “Crime Is Bad” Message Replaces Gang’s Website On Wednesday, visitors to one of Lockbit’s known sites found it replaced by a message reading: “Don’t do crime. CRIME IS BAD xoxo from Prague.” The message included a link to what appeared to be leaked data, potentially revealing private chats between Lockbit’s…
Hacker Behind Star Health Data Leak Admits Sending Death Threats The hacker who leaked personal data from India’s largest health insurer, Star Health and Allied Insurance, has now claimed responsibility for sending death threats to the company’s top executives. Hacker Confesses to Threats in Email The hacker, known online as “xenZen”, revealed in an email to Reuters on March 31 that they sent packages containing bullets to Star Health’s CEO Anand Roy and CFO Nilesh Kambli. These threats followed the company’s alleged denial of medical claims to certain customers. The email included photos of the packages and a note with…
KSSL Showcases ‘Made in India’ Defence Technology at DEFEA 2025 in Greece Athens, Greece, Tuesday, 7th May 2025 – Kalyani Strategic Systems Ltd. (KSSL), a wholly-owned subsidiary of Bharat Forge Limited and the flagship defence company of the Kalyani Group, is making a strong impression at DEFEA 2025. The event, running from 6th to 8th May at the Metropolitan Expo in Athens, highlights the growing defence cooperation between India and Greece. Over the past two decades, KSSL has developed strong expertise in designing and manufacturing a wide array of artillery systems. From short-range to long-range platforms, including both towed and…
NSO Group Fined $168 Million for Hacking WhatsApp on Behalf of Spy Agencies A US federal jury in California has imposed a $168 million penalty on Israeli surveillance firm NSO Group. The verdict marks the end of a six-year legal battle between NSO and WhatsApp’s parent company, Meta. The case exposed the inner mechanics of the global spyware industry, including how high-level tools are developed, sold, and used. Spyware Tools Come at a High Cost Testimony during the trial revealed that NSO charged European governments a standard fee of $7 million to hack up to 15 devices simultaneously. According to…
IBM Commits to Manufacturing, AI, and Quantum Computing IBM has announced a bold investment plan to inject $150 billion into the United States economy over the next five years. This strategic initiative aims to boost innovation, manufacturing, and economic growth. Of the total, more than $30 billion will go directly into research and development, supporting advancements in mainframe and quantum computing. Arvind Krishna, IBM’s chairman and CEO, highlighted the company’s vision, stating: “Technology doesn’t just build the future — it defines it. We’ve prioritised American jobs and manufacturing for over a century, and this investment ensures IBM remains at the…