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Author Archives: Techme101
Shein reportedly weighs moving back to China to gain approval for Hong Kong IPO
Shein is reportedly considering moving its headquarters back to China in a bid to facilitate its Hong Kong initial public offering plans.
Trump administration weighs 10% stake in Intel via Chip Act grants, making government top shareholder
The Trump administration is reportedly discussing a deal to take a 10% stake in Intel, which could potentially leverage Chips Act funding as part of the equity.
OpenAI launches a sub $5 ChatGPT plan in India
This plan will offer 10x more messages and image generation than the free tier, among other benefits.
Analysts downplay AI bubble worries as Altman says some investors will be left ‘very burnt’
Tech’s biggest names all raised capital expenditure guidance to keep pace with AI demand, with Microsoft, Amazon, Alphabet and Meta all set to spend big.
Intel shares jump as Softbank to buy $2bn stake in chip giant
The announcement comes hours after reports that the White House is in talks over taking a 10% stake in Intel.
SoftBank makes $2B investment in Intel
SoftBank will pay $23 per share for Intel common stock.
College basketball point shaving federal investigation moving toward indictments
The federal investigation into point shaving and game fixing in college basketball, led by the U.S. Attorney’s Office in the Eastern District of Pennsylvania (EDPA), is moving toward indictments. There is said to be a focus on “Southern schools,” but … Continue reading
Pakistani YouTuber Ducky Bhai arrested over alleged gambling endorsements
Prominent Pakistani YouTuber Ducky Bhai, real name Saadur Rehman, was detained by the National Cyber Crime Investigation Agency (NCCIA) at Lahore Airport on Sunday. A two-day remand was approved by the courts over the alleged promotion of online gambling and … Continue reading
NBA and Players Association willing to look into limiting player prop bets
The National Basketball Association (NBA) and the league’s players’ association have indicated they will support further restrictions on prop bets to reduce the risk of athlete manipulation and abuse from bettors. Speaking to ESPN, an NBA spokesperson said that: “Protecting … Continue reading
German regulator, GGL, shares quarterly revenue for first time
The German gambling regulator, Gemeinsame Glücksspielbehörde der Länder (GGL), has issued quarterly figures on gaming and betting stakes for the first time ever. August has been marked as beginning the process of sharing quarterly publications, with permitted providers giving the … Continue reading