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NEWS

Alibaba forms task force to boost AI development after Qwen chief's exit

By Cygnus | 05 Mar 2026

Alibaba has created a new AI task force led by CEO Eddie Wu following the departure of Qwen division head Lin Junyang.

RBI revives heavy pre-market intervention to support oil-hit rupee

By Axel Miller | 05 Mar 2026

The RBI stepped in aggressively before market open to support the rupee after it hit a record low amid rising global oil prices.

OpenAI tops $25 billion in annualized revenue as enterprise demand surges

By Cygnus | 05 Mar 2026

OpenAI’s annualized revenue has jumped to $25 billion, a 17% increase in two months. Learn about the $600 billion compute plan and upcoming $1 trillion IPO.

The energy island: Why Big Tech is building its own power systems for the AI era

By Cygnus | 04 Mar 2026

AI data centers are reshaping the energy market as companies like Amazon, Microsoft and Google invest in dedicated power generation to support massive computing deman

Kraken’s banking arm becomes first crypto firm to secure Federal Reserve payments access

By Axel Miller | 04 Mar 2026

Kraken Financial makes history as the first crypto firm to gain a Federal Reserve master account, enabling direct access to U.S. payment rails.

Trump to meet tech giants on energy pledge ahead of midterms

By Cygnus | 04 Mar 2026

President Trump meets Google, Meta, and OpenAI to sign a pledge protecting consumers from high energy bills caused by AI data centers.

German services sector growth hits four-month high in February

By Cygnus | 04 Mar 2026

Germany’s services sector saw accelerated growth in February 2026, driven by exports, though job cuts reached a post-pandemic high.

Walmart-backed PhonePe targets up to $10.5 billion valuation in landmark India IPO

By Axel Miller | 04 Mar 2026

Walmart-backed PhonePe targets a $10.5B valuation for its India IPO. Learn why Microsoft is exiting and how PhonePe plans to monetize 650M users.

Alibaba’s Qwen AI division head becomes latest executive to leave this year

By Cygnus | 04 Mar 2026

Alibaba’s Qwen AI unit loses its third senior executive this year as division head Lin Junyang steps down despite reaching 200 million users.

Malaysia’s anti-graft agency probes $279 million government deal with Arm Holdings

By Axel Miller | 04 Mar 2026

Malaysia’s anti-graft agency is investigating a 1.1 billion ringgit deal with Arm Holdings involving allegations of fraud and abuse of power.

OpenAI weighing contract to deploy AI on NATO networks, source says

By Cygnus | 04 Mar 2026

OpenAI is considering deploying AI systems on NATO’s unclassified networks, expanding its defence partnerships after securing a Pentagon agreement.

Apple launches iPhone 17e at $599 with 256GB base storage

By Cygnus | 02 Mar 2026

Apple launched the iPhone 17e at $599 with 256GB base storage, featuring the A19 chip, a new modem and MagSafe support to boost competitiveness in the mid-range market.