Asia

Asia Pacific (APAC) organizations are increasingly relying on artificial intelligence (AI) and machine learning (ML) enabled solutions to tackle a wide array of security challenges around application programming interfaces (APIs), according to F5 research revealed on Wednesday.

Moody's Ratings has forecast Asia Pacific (APAC) data center capacity to grow at a compound annual average rate of almost 20 percent through 2028, involving an investment of about $564 billion, as rising computing demand fuels expansion.

CashOn, a technology finance company focused on fintech and Web3 applications, has announced the launch of Hong Kong's first digital currency lending matching platform.

Zyp Technologies, a Pakistani electric vehicles startup, has raised $1.5 million in Series Pre-A funding led by Shorooq Partners to enable a city-wide launch of Zyp’s electric smart mobility technologies in Lahore, Pakistan.

China-listed artificial intelligence company iFLYTEK plans to HK$400 million ($51.23 million) in Hong Kong over the next five years.

Singapore-based biotech firm Chitose Bio Evolution Pte. Ltd. has announced the issuance of new shares of JPY 1 billion ($6.2 million) through a third-party allotment to Sumitomo Mitsui Banking Corporation (SMBC).

The global tech glitch affected flights, banking and company operations in Malaysia, Hong Kong, Singapore, the United States, the United Kingdom, India and Australia, according to various media reports.

"Although this was not a Microsoft incident, given it impacts our ecosystem, we want to provide an update on the steps we’ve taken with CrowdStrike and others to remediate and support our customers," Microsoft clarified in a blog post on Saturday.

Animoca Brands’ Mocaverse has on Friday announced a strategic partnership with MOCA Foundation and The Open Network (TON) Foundation to implement an identity and reputation-based consumer network across Moca Network and TON Blockchain ecosystems.

Standard Chartered Bank (Hong Kong) Limited (SCBHK), Animoca Brands, and HKT have joined forces to take part in the Hong Kong Monetary Authority (HKMA) stablecoin issuer sandbox (the Sandbox) that was announced in March this year.