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Dubai Chamber has opened a new office in India, marking a strategic move to enhance economic cooperation between the two regions. Sheikh Hamdan emphasized the importance of this initiative in fostering stronger business ties and promoting mutual growth opportunities.
Sipay, a Turkish payments and embedded finance platform, has secured $78 million in a Series B funding round, elevating its valuation to over $875 million. The investment, led by Elephant VC, will support the company's international expansion, building on a fivefold revenue increase and a $600 million run rate. With 6.3 million wallet users and 25,000 merchants, Sipay aims to redefine the global payments ecosystem through its diverse financial services.
Nvidia's CEO Jensen Huang has secured an agreement with the Trump administration to continue exporting H20 AI chips to China, which have been modified to comply with U.S. regulations. This decision reflects a strategic trade-off between immediate economic benefits and long-term technological competition, as Chinese firms have placed around $16 billion in orders for these chips. Despite export controls, China's AI advancements persist, with companies like DeepSeek utilizing H20 chips to develop competitive models, highlighting the limitations of such restrictions in a globalized tech landscape.
New York-based venture capital firm Lerer Hippeau has successfully raised $200 million for its ninth flagship fund, reflecting the city's evolution into a major tech hub. This growth is marked by a shift from a focus on consumer and media technologies to advancements in AI and cloud infrastructure, with NYC now housing over 40,000 AI professionals and attracting $27 billion in AI funding since 2019. Despite a challenging fundraising environment, Lerer Hippeau's ability to raise larger funds signals the maturation of NYC's venture ecosystem, which has developed into a robust market for early-stage investments.
The rise of quick commerce in India, with apps like BlinkIt and Zepto, is leading to the closure of thousands of local corner shops, as consumer preferences shift towards convenience and home delivery. An estimated 200,000 stores have shut down, with many retailers reporting a significant drop in sales. Despite this disruption, analysts suggest that traditional shops must innovate and adapt to coexist with the growing online market.
Kia has revised its 2030 electric vehicle sales target to 1.26 million units, down from 1.6 million, citing uncertainty in U.S. automotive policy. The company also aims to sell 993,000 hybrid vehicles by 2030, reflecting a strategic shift towards a balanced electrification approach amid strong near-term EV growth.
Anthropic has launched a new subscription plan for its AI chatbot, Claude, with tiers priced at $100 and $200 per month, offering significantly higher usage limits than the $20 Claude Pro tier. The $200 option provides twenty times the limits, reflecting the substantial computational costs of supporting power users. This tiered pricing strategy mirrors trends in the SaaS industry, emphasizing the importance of predictable revenue and sustainable operations in the evolving AI landscape.
Tesla's stock surged 18% to nearly $262 per share following President Trump's announcement of a pause on most tariff hikes, although tariffs on China remain at 125%. CEO Elon Musk has criticized tariff policies, advocating for zero tariffs between Europe and North America, while the company faces challenges from local competitors in China and the impact of political controversies on its brand and sales.
Nodwin Gaming, a subsidiary of Nazara Technologies, has launched its operations in the US esports market by establishing Nodwin Gaming USA Inc. in Delaware. This new entity is wholly owned by Nodwin Gaming International Pte Ltd, based in Singapore. The move follows a significant investment of 64 crore rupees (approximately US$7.68 million) approved by Nazara for global expansion.
Wise is set to open a new hub in Hyderabad, India, in the second half of 2025, aiming to hire hundreds in tech roles across product, engineering, and operations. This expansion aligns with India's booming fintech market, projected to grow significantly, particularly in cross-border payments. The new hub will enhance Wise's capabilities in both regional and global product development while addressing challenges faced by Indian businesses in receiving international payments.
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Dubai Chamber opens office in India to enhance economic ties
08:37 10.04.2025
Turkey's Sipay secures 78 million dollars in Series B funding round
08:36 10.04.2025
Nvidia secures export deal for H20 chips amid US-China tech tensions
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08:20 10.04.2025
Lerer Hippeau raises 200 million dollars for ninth flagship fund
08:10 10.04.2025
quick commerce reshapes retail landscape as corner shops face decline in india
07:27 10.04.2025
Kia revises 2030 electric vehicle sales target amid policy uncertainty
07:10 10.04.2025
Anthropic introduces tiered subscription plans for Claude AI chatbot
06:50 10.04.2025
Tesla stock surges 18 percent as Trump pauses tariff increases
06:43 10.04.2025
Nodwin Gaming expands into US esports market with new subsidiary
06:20 10.04.2025
Wise expands in India with new hub and hundreds of tech hires
06:03 10.04.2025
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