When is the Stock Bounce Coming?

October 4, 2023
Higher bond rates have been the main catalyst behind lower stock prices. Yet with the S&P 500 (SPY) pressing down towards the 200 day moving average we are all wondering…

Uber couriers will now drop your package off at the post office

October 4, 2023
Uber is expanding its peer-to-peer package delivery service, Uber Connect. Now, customers who don’t want to schlep a package to the post office can request an Uber courier to do it for them with the new ‘Return a Package’ feature. Uber couriers can pick up five packages at a time to be delivered at your […]

E-sports are more popular than traditional sports in Asia

October 4, 2023
This story first appeared in China Report, MIT Technology Review’s newsletter about technology in China. Sign up to receive it in your inbox every Tuesday. It was probably the highest-stakes mobile game match that’s ever been played. On the evening of September 26, 10 men from China and Malaysia sat on a stage in Hangzhou, China, each…

Underground thermal energy networks are becoming crucial to the US’s energy future

October 4, 2023
Thirteen US states are now implementing underground thermal energy networks to reduce buildings’ carbon emissions as part of a nationwide push to adopt cleaner energy sources. Thermal energy networks use pipe loops that connect multiple buildings and provide heating and cooling through water-source heat pumps. Geothermal heat is commonly used in these networks, but it…

Open Banking led to a FinTech boom — As Brite raises $60M, account-to-account payment grows

October 4, 2023
The move towards Open Banking payments, especially in the EU, effectively kicked-off the FinTech boom. Open Baking standards meant that FinTech startups could create Wallets and effectively become Banks, or at least “Neo Banks,” in practical day-today-terms. Today, digital wallets are now the leading payment method globally in e-commerce, with a 49% share, according to […]

Indian fintech unicorn Slice secures rare approval to merge with bank

October 4, 2023
Indian unicorn fintech Slice is merging with North East Small Finance Bank, they said Wednesday after receiving the approval from the central bank, in an extremely rare feat that has eluded many tech giants, top financial startups and tycoons for decades. Slice – which earlier offered credit card like cards and at peak issued over […]

How generative AI is boosting the spread of disinformation and propaganda

October 4, 2023
Artificial intelligence has turbocharged state efforts to crack down on internet freedoms over the past year.  Governments and political actors around the world, in both democracies and autocracies, are using AI to generate texts, images, and video to manipulate public opinion in their favor and to automatically censor critical online content. In a new report…

Krafton India launches gaming incubator to expand local ecosystem

October 4, 2023
Krafton India has launched a gaming incubator in the South Asian nation as it seeks to expand the local ecosystem and support the domestic talent looking to enter the fast-growing gaming market. Called Krafton India Gaming Incubator (KIGI), the program aims to support six to 10 teams annually, with the total duration ranging from six […]