Taiwan Financial News

Krutrim, the artificial intelligence startup of Ola founder Bhavish Aggarwal, said on Thursday that it would launch its first AI chip, Bodhi 1, by 2026 and a superior Bodi 2 two years later. Krutrim’s chips will be custom-built for handling complex AI workloads, Aggarwal said. «They will enable development of faster and more efficient AI systems.» The Bengaluru-based company is working on four chips: Bodhi 1, Bodhi 2, Sarv 1 and Ojas. On Thursday, it announced partnerships with global semiconductor company Arm and Untether AI for the development of CPU and AI chips, platforms and systems.

Rush Doshi, a key architect of US President Joe Biden’s China policy, served in the National Security Council in 2021-24. Author of an acclaimed book, The Long Game: China’s Grand Strategy to Displace American Order, he speaks to Seema Sirohi on the US, India and China. Edited excerpts: How do you view the India-China border situation? What would US do if there was another Galwan-type situation? First, the Biden Administration has repeatedly noted the need for China to refrain from aggressive activity around the Line of Actual Control. Second, the US is not only more public about the border dispute but even includes it alongside the South and East China Seas, Taiwan Strait, as examples of provocative Chinese activity.

BEIJING — A hazardous goods container exploded Friday on a cargo ship in China's high-traffic Ningbo Port, Taiwanese vessel owner Yang Ming Marine Transport Corporation told CNBC in a statement.

global equity markets saw a relief rally following the Bank of Japan's assurance that it will not increase interest rates when the markets are unstable. NSE's Nifty rose 304.95 points, or 1.27%, to close at 24,297, whereas BSE's Sensex rose 874.94 points, or 1.11%, to end at 79,468.

The meme coin crash has left top meme coins ranking as crypto’s biggest losers, but is crypto dead, and why is crypto down?

Since last week, Algerian boxer Imane Khelif has been at the centre of a ‘gender row’. Khelif has had to face accusations that include her of ‘not being a woman’. Amit Chaudhary spoke with UK-based athlete rights advocate & executive director, Humans of Sport, Payoshni Mitra, who has been at the forefront of the fight against sex testing policies in sports to declutter the mess surrounding the issue. Excerpts: Your immediate thoughts when you heard about Khelif? My first reaction was, ‘Not again’. See, it's not about gender. There was no proper test. Everything is speculation. Sometimes misinformation is being shared by people in powerful positions. We really need to question all of that and see where this information is coming from, what’s fuelling this controversy? Is there any real basis to it? And with this one as well, there wasn't any complete medical assessment there.

Olympics organizers said Sunday that arbitrary testing imposed on boxers Imane Khelif and Lin Yu-Ting that led to a storm of vitriol misidentifying the women as transgender or men was «so flawed that it's impossible to engage with it.» International Olympic Committee spokesman Mark Adams again vigorously defended Khelif of Algeria and Lin of Taiwan, hammering the sport's now-banned governing body, the International Boxing Association, that claimed the fighters failed unspecified eligibility tests for women's competition. The two athletes were «carted off and tested» during the 2023 boxing world championships because «there were suspicions against them,» Adams said, slamming the process that singled them out. «I need hardly say if we start acting on suspicions against every athlete of whatever, then we go down a very bad route,» he said. He rejected the testing in its entirety.

Draft rules for the legalisation of casinos, which include an initial 30-year casino license with a 10-year renewal option, have been published for public feedback until August 18. The casinos will be part of large entertainment complexes featuring hotels, convention centers, and amusement parks, among other amenities. Thailand would thus join the ranks of the United Arab Emirates and Japan in vying for a share of the global casino industry, estimated to have generated $263 billion in revenue last year. Major players like Galaxy Entertainment Group Ltd. and MGM Resorts International have shown interest in opening casino resorts in Thailand, considering it a strategic move against the uncertain prospects in Macau. Las Vegas Sands Corp. expressed interest in entering the Thai market, stating last month it would consider expanding to Thailand if the opportunity arises.

Tata Electronics is set to have the Bhoomi Poojan function for its first chip assembly and testing unit at Jagi Road, Assam on Saturday. The event, which is likely to take place at 10:30 am is expected to be attended by Assam CM Himanta Biswa Sarma and Tata Sons Chairman N Chandrasekaran. The Union Cabinet had in February approved proposals of three semiconductor plants, out of which two were in Gujarat and one in Assam, for an estimated cost of Rs 1.26 lakh crore.

Badminton Men’s Singles Round of 16 match at the Paris Olympics when 22-year-old Lakshay Sen had to go up against his Prannoy bhaiya surely made one of the most exciting matches of 2024. Sen, in the pre-quarterfinal match secured a 12-21, 6-21 win against his Olympic village roommate, HS Prannoy and became India’s final hope in badminton at the Games. Following this, Lakshya Sen on Friday stormed into the semifinals beating Taiwan’s and World No. 12 Chou-Tien Chen by 19-21 21-15 21-12, raising hopes for another shiny medal in India’s kitty.

Asian stocks tumbled as sentiment was hit by a triple whammy of a Japan selloff, a global tech rout and weakness in the US economy. The MSCI Asia Pacific Index dropped as much as 2.8%, the most since June 2022, with Taiwan Semiconductor Manufacturing Co. and Tokyo Electron Ltd. among the biggest drags. Japan’s Topix Index headed for a technical correction, while benchmarks in the tech-heavy markets of South Korea and Taiwan fell about 3%.

Italian female boxer Angela Carini has spoken for the first time after her opponent and Algerian boxer Imane Khelif's 46-second win in a 66-kilogram fight at the Paris Olympics 2024 on Thursday. Carini revealed that she didn't give up but a punch hurt her badly. Subsequently, she decided to leave with her «head held high». 25-year-old Italian boxer retired hurt and shrugged off attempts by Khelif to shake her hand, before collapsing to her knees and sobbing uncontrollably in the middle of the ring.

Mint spoke with experts to address some key questions. The Nifty 50's journey from birth to a behemoth that represents the Indian economy is a story of acceleration. While it took 17 years to gain the first 5,000 points, the index has since transformed from a marathon runner into a sprinter.

Subhas Chandra Bose's grandnephew Chandra Kumar Bose on Sunday appealed to Prime Minister Narendra Modi to bring back the "mortal remains of Netaji" from Japan's Renkoji temple by August 18. He also said a final statement should come from the central government on the matter so that «false narratives» about Netaji are laid to rest.

mudslide hit a homestay house in a tourist area in southeastern China on Sunday as heavy rains from what remained of a tropical storm drenched the region, state media said.

Jaishankar on Sunday met US Secretary of State Antony Blinken and held a wide-ranging discussion on bilateral ties and regional and global issues. The two leaders met on the sidelines of the Quad Foreign Ministers' meeting in Tokyo.

United States hailed «open and productive» discussions between China's foreign minister and Secretary of State Antony Blinken in Laos on Saturday in which Blinken raised US concerns over Beijing's «provocative actions» around Taiwan.

Netflix is releasing new Korean series every month throughout this year.

Zero Day," a Taiwanese TV series about a Chinese invasion, has sparked strong reactions. The nearly 18-minute teaser shows the People’s Liberation Army (PLA) landing in Taiwan, causing a wave of comments and views on YouTube.

High crypto critic Democrat Senator Elizabeth Warren has called for strong anti-money laundering protections from foreign-owned U.S.-based crypto mining establishments.