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Business

Coinbase Accused of Delisting Wrapped Bitcoin to Boost Its Own Token

BiT Global Digital Limited sues Coinbase for $1 billion, accusing the exchange of delisting Wrapped Bitcoin to promote its own token, causing financial losses and damaging consumer...

Business

Databricks Nears Record $9.5 Billion VC Raise, Eyes Additional $4.5 Billion in Debt

Databricks is nearing a record $9.5 billion venture capital raise, with plans to secure an additional $4.5 billion in debt. This move reflects strong investor interest in the fast-...

Business

Elon Musk's Profit-Driven Vision for OpenAI: A Controversial Stance

OpenAI claims in a court filing that Elon Musk wanted to own and run the company for profit, according to a report. The filing includes emails discussing the need for more capital ...

Business

TSMC's Groundbreaking Japan Plant: Mass Production by 2024's End

Yuichi Horita announced that TSMC's first Japanese plant in Kumamoto is scheduled for mass production by end of 2024, matching Taiwan's quality. A second plant construction is plan...

Business

Liquid AI Secures $250M in Funding Led by AMD for Innovative AI Models

Liquid AI, a generative artificial intelligence startup, has secured $250 million in an early-stage funding round led by AMD. The company develops efficient AI models for enterpris...

Business

Switzerland Suspends India's Most Favored Nation Status: Impact on Tax Treaties and Investments

Switzerland suspends India's most favored nation status in their DTAA, citing an Indian Supreme Court ruling. This decision could impact Swiss investments in India and raise taxes ...

Business

JK Paper Merger: Boosting the Singhania Family's Stake in India's Leading Paper Manufacturer

JK Paper, under Harsh Pati Singhania's leadership, merges subsidiaries to enhance the Singhania family's stake in India's leading paper and packaging board manufacturer, simplifyin...

Business

BSNL Set to Launch 5G Services by Mid-2024: Minister Scindia

Communications Minister Jyotiraditya Scindia announced BSNL's plan to launch 5G services by mid-2024, highlighting the company's financial recovery and technological advancements.