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India has once again pushed back a contentious plan to limit big technology companies’ control of the nation’s digital payments system, extending a regulatory uncertainty that has weighed on the sector for years. The National Payments Corporation of India said on Tuesday it would extend the deadline for implementing a 30% cap on any individual […]
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India has removed restrictions on WhatsApp’s payments service in a significant victory for Meta in its largest market by users as it seeks to compete with entrenched fintech rivals. The National Payments Corporation of India, the payments body overseeing the popular UPI payments rail, said Tuesday that WhatsApp can now roll out WhatsApp Pay to […]
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Asset management firm Fidelity slashed the estimated worth of its stake in business messaging platform Gupshup by another 7.7% last month, lowering the value of its holding in the SaaS startup by a total of more than 65% since its investment in mid-2021. One of the funds operated by the U.S. asset manager valued its […]
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Samsung Electronics said on Tuesday that it has become the largest shareholder of South Korea-based robotics maker Rainbow Robotics, increasing its stake from 14.7% to 35% for KRW 267 billion (about $181 billion). The electronics giant, which paid KRW 86.8 billion for the 14.7% stake in 2023, said it is acquiring the stake to bolster […]
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TikTok parent company ByteDance has big plans to buy Nvidia chips in 2025 — despite U.S. restrictions. ByteDance plans to spend $7 billion on the chips in 2025, according to reporting from The Information, citing inside sources. If ByteDance follows through, it will become one of the world’s top owners of Nvidia chips, despite U.S. efforts […]
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For a number of years now, Moft has offered some of the most innovative gadget accessories. They’re always interesting, if not necessarily useful. This new combination Find My wallet and stand manages to tick both boxes. The accessory was announced a couple of weeks out from CES, where it will be shown off for the […]
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Treasury officials attributed the December theft of unclassified documents to China.
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