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2024-12-15 09:10:31

AI’s energy appetite revives nuclear ambitions in the US
Facing grid strain, tech giants are turning to nuclear power to meet AI-driven energy needs, fueling a new wave of reactor projects despite challenges. A nuclear power plant shut down 45 years ago will soon restart—because artificial intelligence needs too much electricity. In 1979, the Unit 2 reactor of the Three Mile Island (TMI) Nuclear Generating Station near Harrisburg,...

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2024-11-20 16:28:16

As Amazon and Temu push into Africa, Jumia retreats to core markets
Jumia’s path to profitability grows steeper as foreign competitors make inroads across the continent. As global businesses pivot toward Africa, Jumia, the continent’s homegrown e-commerce leader, is carving its own niche. Dominating with over 24% of Africa’s e-commerce market, Jumia has solidified itself as a central figure in the region’s online shopping landscape. In...

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2024-12-02 11:56:29

Deals in brief: Alibaba’s Trendyol explores USD 1 billion raise, MUFG moves to acquire WealthNavi, ten China deals, and more
Bringing you the latest updates on funding deals and activities in the Asia Pacific. Alibaba’s Trendyol tests waters for USD 1 billion funding Trendyol, Turkey’s largest e-commerce platform, is exploring a USD 1 billion funding round as it eyes expansion opportunities, according to Bloomberg. Discussions are said to remain preliminary, with the company gauging potential...

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2024-12-13 05:15:02

Deals in brief: Carro and CarDekho SEA secure funding, Longbridge bets on lifetime commission-free trading with over USD 100 million raised, nine China deals, and more
Bringing you the latest updates on funding deals and activities in the Asia Pacific. Carro secures investment from Woori Venture Partners Carro, Asia Pacific’s largest online used car marketplace, has secured an investment from Woori Venture Partners, the venture capital arm of Woori Financial Holdings. The exact amount remains undisclosed. Carro said the funding will support...

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2024-11-19 08:17:52

Deals in brief: Portcast raises USD 6.5 million, Secai Marche nets additional Series A funding, Boman Group charts new fund for Australian startups, and more
Bringing you the latest updates on funding deals and activities in the Asia Pacific. Portcast raises USD 6.5 million to automate supply chain decisions Portcast, a Singapore-based logistics tech startup, has closed a USD 6.5 million Series A round led by Susquehanna Asia VC, with participation from Hearst Ventures and Signal Ventures, among other investors. Portcast’s platform provides...

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2024-12-09 12:01:35

Deals in brief: Singapore-based Omni HR raises fresh funding, Kamereo backed to expand in Vietnam, Luma AI lands USD 90 million, and more
Bringing you the latest updates on funding deals and activities in the Asia Pacific. Omni HR raises USD 7.4 million to advance HR management in APAC Omni HR, a Singapore-based human resources management platform, has secured USD 7.4 million in a funding round led by Picus Capital, with participation from Alpha JWC Ventures, January Capital, and Ratio Ventures. This brings the company’s...

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2024-11-18 08:25:31

Deals in brief: Wavemaker Partners launches USD 30 million growth fund, Dossier clinches pre-seed funding, AC Ventures fuels Collektr’s APAC push, and more
Bringing you the latest updates on funding deals and activities in the Asia Pacific. Wavemaker Partners launches USD 30 million Growth Opportunities Fund Wavemaker Partners, one of Southeast Asia’s leading venture capital firms, has announced the first close of its inaugural Wavemaker Growth Opportunities Fund, securing USD 30 million. Backed by limited partners such as QLA Investment...

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2024-12-10 06:46:31

EV batteries are getting cheaper, but can they be safe too?
A series of fires and slowing sales could drive focus toward standards. The race to produce ever cheaper batteries for electric vehicles is entering a new stage as a series of fires and slowing EV sales put the focus on a new metric: safety. Bringing down battery prices has been a major priority for automakers looking to make EVs more attractive to buyers. Some 30–40% of the cost of an...

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2024-11-28 06:01:01

For Serta, the new era of smart living begins with sleep
Serta aims to solve one of the final challenges of smart living by reimagining what a bed can do. “Technology is not simply an extension of human endeavor but an evolving ecosystem of its own, deeply interwoven with human life.” This reflection by Kevin Kelly, founding executive editor of the Wired magazine, captures the intricate relationship between humanity and...

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2024-11-12 12:13:05

Grab raises full year revenue forecast after improved performance in third quarter
Singapore-based superapp Grab Holdings Limited has on Monday raised its full year revenue forecast following its improved revenue in the third quarter. The firm said in a statement that its has raised its annual revenue projection to $2.76 billion to $2.78 billion, from $2.7 billion to $2.75 billion. The new revenue projection signals an annual growth of 17 percent to 18 percent. The...

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