Despite its fragmented markets and myriad of cultures and spoken languages, Asia is becoming an increasingly popular home for budding tech and AI entrepreneurs, according to Magnus Grimeland, the founder and CEO of venture capital firm Antler. “Going to the U.S. to build companies is still very popular and we see that happening at scale,”
Asia’s technology stocks took another beating on Friday as a brutal sell-off in the AI trade swept across the region. Some of the chipmakers and technology companies that powered this year’s stock-market rally were among the hardest hit. South Korea’s benchmark Kospi index plunged 9% in early trading, triggering a trading halt. Japan’s Nikkei 225
The morning after we wrote in Fortune about a controversial Chancery Court decision involving Cloudflare, Vice Chancellor J. Travis Laster moved with uncommon speed to certify an interlocutory appeal of his ruling to the Delaware Supreme Court. Corporate boards might read that as a sign the system is correcting itself. They shouldn’t, at least not
AI startup Thinking Machines Lab is set to close a fresh round of funding as soon as this week. The startup is raising $5 billion at a $40 billion pre-money valuation, according to multiple sources familiar with the matter. Accel is leading the round, according to the sources. Previously, Thinking Machines Lab, which was founded
Picture a “cloudless” day—not in the meteorological sense, but one in which digital operations come to a sudden, catastrophic halt. Financial transactions stall. AI applications lose access to data. Supply chains slow, and customer experiences suffer. It may sound improbable, yet recent events suggest otherwise. In 2024, subsea cable damage caused widespread internet outages that
Elon Musk spent a fortune on the doomed GOP midterms, but his losses are still piling up days later as SpaceX and Tesla shares tank. The rout in both Tesla and SpaceX continued for a second day on Thursday, with both stocks tumbling in the aftermath of the blue wave that swept the Democrats back
