Category Archives: Tech

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Xiaomi announces HK$2.5 billion buyback as competition and cost pressures weigh on stock

Chinese tech giant Xiaomi saw its shares pop in trading on Friday after it announced a stock buyback program worth up to HK$2.5 billion ($321 million). 

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Nvidia’s Huang to visit China as AI chip sales stall

Nvidia CEO Jensen Huang plans to visit China ahead of the mid-February Lunar New Year, two people familiar with the matter told CNBC.

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TikTok closes deal to split US app from global business. Here’s what to know

The app was due to be banned in the US a year ago if its Chinese owner hadn’t sold its business in America.

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Former Sequoia partner’s new startup uses AI to negotiate your calendar for you

Blockit, an AI agent that communicates directly with other calendars, has raised $5 million in seed funding led by Sequoia.

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Cambodia-based real estate conglomerate allegedly linked to illegal gambling operations

The Cambodian-based real estate conglomerate Lixin Group has been allegedly linked with illegal gambling operations and online gambling scams, as detailed in a report by the Organized Crime and Corruption Reporting Project (OCCRP). Lixin have been found guilty of targeting … Continue reading

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Nevada files motion for TRO and preliminary injunction against Polymarket

The battle against state gaming commissions and prediction markets wages on, as Nevada gaming regulators have filed a motion for a temporary restraining order (TRO) and preliminary injunction against Polymarket. In the filing, it states: “The BOARD seeks to restrain … Continue reading

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Santa Anita Park sues California Department of Justice over alleged warrantless seizure

Just days after California police officers removed new gambling machines from Santa Anita Park, the Los Angeles Turf Club (LATC), which operates the racecourse, has filed a writ of mandate against the California Department of Justice (DOJ). It was on … Continue reading

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TikTok forms U.S. joint venture, names a CEO

TikTok said Thursday that it officially formed a joint venture that will keep the video-sharing app operating in the United States.

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Palmer Luckey says the coolest thing about Anduril expanding to Long Beach is the fighter jets

Anduril on Thursday announced its plans to expand its Southern California presence with a major campus in Long Beach, the town where founder Palmer Luckey grew up.

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TikTok Strikes Deal to Split Off an American Version, Ending Long Legal Saga

The Chinese parent company for the popular video app said it had struck a deal with a group of non-Chinese investors to create a new American TikTok to avoid a ban in the United States.

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