Ascentage Pharma said on Tuesday it was targeting a valuation of $1.75 billion in its initial public offering, becoming the first sizeable Chinese firm to pursue a listing in the US this year. IPOs of Chinese companies in the United States have picked up modestly in recent months following a long hiatus after ride-hailing giant… Continue reading China’s Ascentage Pharma targets $1.8b valuation in US IPOAscentage, backed by Japan’s Takeda, is looking to raise $149m.
Category: Tech News
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India retains fourth spot in global tech startup funding, closes in on ChinaIndian tech startups raised $11.3b from PE and VC firms.
India retained its position as the fourth most funded country in the global tech startup ecosystem in 2024, marginally behind China, attracting $11.3 billion in investments from private equity (PE) and venture capital (VC) firms, according to Tracxn data. Go to Source
Consumption tech offers hope amid challenges in startup fundingFocusing on delivering tangible value through innovative solutions can help drive growt…
Photo: (from left to right) Andi Haswidi, Head of Data Research, DealStreetAsia (Moderator); Christin Djuarto, Executive Director, Shopee Indonesia; Roderick Purwana, Managing Partner, East Ventures; Mesty Ariotedjo, CEO, Tentang Anak; and Randolph Hsu, Founder, Ondine Capital Go to Source
Vietnam’s SSIAM launches $200m blockchain-focused investment platformThe firm plans to ramp up investments to $500m by roping in external investors.
SSI Asset Management (SSIAM), a subsidiary of the Vietnamese securities firm SSI, has set up a $200-million investment platform for innovative businesses in the digital technology and blockchain sectors, as Vietnam quickly becomes a hotspot for blockchain innovation. Go to Source
Trump pardons Silk Road operator Ross Ulbricht
/ The pardon fulfills a campaign promise made to the president’s crypto diehards. By Sarah Jeong, features editor who publishes award-winning stories about law, tech, and internet subcultures. A journalist trained as a lawyer, she has been writing about tech for 10 years. Share this story Image: Cath Virginia / The Verge; Getty Images On… Continue reading Trump pardons Silk Road operator Ross Ulbricht
Microsoft is letting OpenAI get its own AI compute now
/ Microsoft’s deal with OpenAI has ‘evolved’ to include a right of first refusal on supplying new capacity. By Kylie Robison, a senior AI reporter working with The Verge’s policy and tech teams. She previously worked at Fortune Magazine and Business Insider. Share this story Image: Cath Virginia / The Verge Microsoft and OpenAI announced… Continue reading Microsoft is letting OpenAI get its own AI compute now
Sonic 4 comes to theaters in March 2027
/ What characters will join next following Sonic, Tails, Knuckles, and Shadow? By Umar Shakir, a news writer fond of the electric vehicle lifestyle and things that plug in via USB-C. He spent over 15 years in IT support before joining The Verge. Share this story Image: Paramount The fourth Sonic movie now has an… Continue reading Sonic 4 comes to theaters in March 2027
Tesla points to diner integration in app, insurance discount with Full Self-Driving, and more
Tesla update points to the automaker’s upcoming diner in Los Angeles being integrated into its app, insurance discount for using (Supervised) Full Self-Driving, and more. The latest update to Tesla’s mobile app has given us some insights into upcoming features. First off, Tesla is getting closer to finishing its LA diner/Supercharger station, and according to… Continue reading Tesla points to diner integration in app, insurance discount with Full Self-Driving, and more
Elon Musk Seen Acting Strangely Before Nazi Salute
Something bizarre was going on with Tesla and SpaceX CEO Elon Musk during Donald Trump’s inaugural festivities — and we’re not just talking about that apparent Sieg Heil that earned him recriminations from across the world. In videos posted on X-formerly-Twitter and Bluesky, Musk was seen from multiple angles rolling his neck hypnotically and twitching… Continue reading Elon Musk Seen Acting Strangely Before Nazi Salute
Rumors Swirl That OpenAI Is About to Reveal a “PhD-Level” Human-Tier Intelligence
Are we about to see a huge reveal? PhD Candidate Tech execs, including Mark Zuckerberg, are excited to start replacing “midlevel engineers” with AI. And if a recent column by Axios cofounder Mike Allen and CEO Jim VandeHei is to be believed, it sounds an awful lot like OpenAI is ready to take a big… Continue reading Rumors Swirl That OpenAI Is About to Reveal a “PhD-Level” Human-Tier Intelligence