Banks want AI agents to move money, as long as someone is accountable

In Thailand, many of the most visible startup investors carry the names of the country’s largest banks and business groups. SCBX operates SCB 10X. Kasikornbank established Beacon Venture Capital. Bank of Ayudhya created Krungsri Finnovate, while Bangkok Bank has Bualuang Ventures. Investment vehicles linked to telecommunications, energy, retail and industrial groups extend the network further. […] The post As venture funding retreats, Thailand’s corporate investors gain more power appeared first on e27.

Ibrahim Arief did not set out to found a legal tech startup. He set out to stay out of prison. The former VP (Engineering) at Bukalapak, widely known as Ibam in the startup circle, is a defendant in Indonesia’s Chromebook procurement case, the graft prosecution that also ensnared former education minister and Gojek co-founder Nadiem […] The post Ibrahim Arief is building a legal AI startup from city detention appeared first on e27.

The Barracuda V2 Pro shaves weight from its 2022 predecessor, and comes with two kinds of microphones.

Alibaba Group Holding’s research arm, Damo Academy, has seen more than 6 billion chips shipped based on its XuanTie RISC-V architecture, marking a milestone as the tech giant doubles down on the open standard in artificial intelligence and automotive systems. Meng Jianyi, chief scientist at Damo Academy, announced the figure on Monday at the annual RISC-V Summit China in Shenzhen. The achievement comes as Chinese companies seek to play a greater role in the global RISC-V ecosystem, an...

Homeplus, which narrowly avoided liquidation and resumed operations in August, is struggling to regain its footing as weak sales and stalled takeover efforts cloud its recovery, according to industry officials Monday. The uncertainty has also prompted a wave of voluntary resignations among employees. A major supermarket chain, Homeplus is currently undergoing court-led rehabilitation after struggling for years with the decline of the country’s hypermarket sector and consumers’ shift to online shopping. In July, the Seoul Bankruptcy Court briefly terminated the proceedings after the embattled retailer failed to secure the minimum 200 billion won ($150 million) in fresh funding needed to carry out its restructuring plan. Homeplus reversed that outcome only after obtaining emergency financing from Meritz Financial Group, its largest creditor, at the last minute. The retailer reopened all 67 of its remaining stores nationwide on Aug. 13, hoping to put its recovery back on track. Sales reached 10.63 billion won on the first day, followed by a daily average of 8.7 billion won over the nex

Creditors of JoongAng Ilbo Co. picked DaouKiwoom-CJ consortium as the preferred bidder for one of the major South Korean newspaper publishers as they closed bidding for the debt-laden company earlier in the day, industry sources said Monday. According to the sources, the DaouKiwoom-CJ consortium beat Orion and four others in a race to take over JoongAng Ilbo, a deal estimated at between 400 billion won ($300 million) and 500 billion won. In July this year, JoongAng Ilbo entered the debt workout program, led by main creditor Hana Bank and other lenders, amid liquidity problems at its parent, JoongAng Group. Creditors' debt collection has been suspended for three months, allowing the company to avoid court-led rehabilitation proceedings. JoongAng Holdings owns a 64.7 percent stake in JoongAng Ilbo and is controlled by the founding family of JoongAng Group.

The event will likely see the unveiling of the long-awaited MacBook Pro with an OLED touchscreen, along with a new iPad mini and other new Macs.

The Department of Homeland Security (DHS) has ordered that products from the Chinese AI startup DeepSeek be removed from federal agency IT systems and barred from government contracting. The order, which initially went out in July, was published on the Federal Register website Monday. It said DeepSeek’s AI models present “multiple threat vectors,” noting the...

Facebook's parent company Meta apologized Sunday for suspending the "No Kings" Instagram account, saying the suspension was caused by a high increase in traffic by bots. Meta spokesperson Andy Stone wrote in a statement that the company's engineering team found the "spike that triggered the incorrect enforcement was primarily in the account’s 'reading' behavior" attributed...

The artificial intelligence firm Anthropic announced it will commit 5 percent of its shares to its new public benefit fund as the industry faces heat over its potential impact on society and the labor market. Anthropic, in a blog post Sunday, said the Anthropic Public Benefit Fund will help the company pursue it's "mission in...

Only 10 sets of the black-and-silver film camera and 35mm lens will be sold, exclusively at the MBS store.

The upcoming Find X10 series will get an Agent Mode that can organise information from apps and files to complete tasks such as planning a trip.