China has taken a significant step in regulating generative artificial intelligence (AI) services, such as ChatGPT, by publishing new rules to manage the industry. These rules, announced by the Cyberspace Administration of China, are set to take effect on August 15, making China one of the first countries in the world to regulate this technology.
Tesla’s Cybertruck: A Four-Year Journey to Futuristic Innovation
Tesla, the renowned electric car manufacturer, has finally made a significant stride towards the realization of its futuristic Cybertruck. The company announced via a tweet on Saturday that its first Cybertruck had been built at the Gigafactory located near Austin, Texas. This achievement comes after a four-year delay, as the prototype was originally unveiled in 2019 with production expected to commence in late 2021.
Thomson Medical Group Expands Southeast Asian Presence with Acquisition of FV Hospital in Vietnam
Singapore’s Thomson Medical Group (TMG) has made a significant move in the healthcare sector by acquiring Vietnam’s FV Hospital, marking Southeast Asia’s largest healthcare acquisition since 2020. TMG, a healthcare group listed on the SGX Mainboard, will purchase 100% of the shares of Far East Medical Vietnam Limited, the operator of FV Hospital and adjacent clinics, with equity firm Quadria Capital exiting its investment in the Vietnamese company.
AMD CEO Lisa Su Predicts Dominance of AI-Enabled Tools in the Hardware Industry
In a bold statement at the 2023 World Artificial Intelligence Conference (WAIC), Lisa Su, the CEO of AMD, emphasized the growing importance of artificial intelligence (AI) in the design of computer chips. According to Su, the future of hardware design will be dominated by AI-enabled tools, marking a significant shift in the industry’s landscape.
Ripple Labs Scores Landmark Win Against SEC in XRP Case, Sending Cryptocurrency Industry Soaring
Ripple Labs, the blockchain company behind the XRP cryptocurrency, has achieved a significant legal victory in a case brought against it by the U.S. Securities and Exchange Commission (SEC). U.S. District Judge Analisa Torres ruled that Ripple did not violate federal securities law by selling XRP tokens on public exchanges. This landmark decision has sent the value of XRP soaring, with the cryptocurrency experiencing a 75% increase.
Ant Group Announces Share Buyback as Regulatory Crackdown on Chinese Tech Giants Begins to Ease
Ant Group has announced a share buyback that values the company at $78.5 billion. This valuation is significantly lower than the $230 billion it was valued at nearly three years ago before its initial public offering (IPO) was halted by Chinese regulators. The buyback comes after Chinese financial regulators fined Ant and its subsidiaries a total of 7.1 billion yuan ($984 million) for violations related to consumer protection and corporate governance.
Founder of Tiki Resigns Amidst Intense Competition and Declining Market Share
In a surprising turn of events, Tran Ngoc Thai Son, the founder and CEO of Tiki, one of Vietnam’s leading e-commerce platforms, has submitted his resignation to the company’s board of directors. This news comes at a critical time for Tiki as it faces intense competition from rivals such as Shopee and Lazada, while its own market share continues to decline. Tiki’s struggles have been further highlighted by the phenomenal success of TikTok Shop, which has rapidly gained popularity in the Vietnamese market.
Instagram’s Threads App Surpasses 100 Million Users in Just Five Days: A Remarkable Milestone
Instagram’s text-based app, Threads, has achieved an impressive milestone by reaching 100 million signups within just five days of its launch. The Twitter rival, introduced on June 6 (June 5 in the Americas), quickly gained traction among users, as confirmed by Adam Mosseri, the head of Instagram.
The Unexpected “Alliance”: How Elon Musk Became Mark Zuckerberg’s Secret Weapon
At the beginning of last year, Meta CEO Mark Zuckerberg faced intense scrutiny and criticism surrounding Facebook’s privacy breaches, declining ad business, and the controversial plan to rebrand as Meta. However, the focus quickly shifted to another tech billionaire: Elon Musk. Musk’s tumultuous takeover of Twitter, marked by erratic statements and significant policy changes, created chaos and drew attention away from other tech giants, including Meta.
Vietnam’s Export Performance in the First Half of 2023
Vietnam’s exports in the first half of 2023 have faced significant challenges due to the global economic downturn and high inflation. According to the General Statistics Office, there were 27 export items with a value exceeding $1 billion, a decrease of 2 items compared to the same period last year, accounting for 90.1% of the total export turnover.
