GlobalLogic has seen a significant increase in its India business due to the growing number of global capability centres (GCCs) in the country, according to the company s top executives.
Japanese crypto exchange DMM Bitcoin said it had lost bitcoin worth around $300 million in what it described as "an unauthorised leak" from its digital wallet. DMM Bitcoin said the amount of the "leak" was about 48.2 billion yen ($300 million), which equals to 4,502.9 bitcoins.
Microsoft is close to finalizing a multimillion-euro deal with an Amazon-backed cloud lobby to resolve an antitrust complaint with the European Commission. The deal involves withdrawing the investigation request, potential payments, and agreements to not file legal complaints worldwide.
Temu, a fast-fashion e-commerce retailer under the PDD Group, is required to comply with strict EU online content rules as a very large online platform (VLOP) under the Digital Services Act (DSA), facing penalties of up to 6% of their global annual turnover for violations.
Nvidia could soon surpass Apple to become the world s second-most valuable company, benefitting from the surge in adoption of AI applications. Nvidia s high-end chips power virtually all AI applications, propelling its stock value to $2.68 trillion.