SoftBank-Backed Meesho Set to Seek Up to $605 Million Via IPO

IBM has unveiled its latest quantum computing system, Quantum System Two, at its research hub, showcasing advancements in quantum chip technology designed for data centers. This system integrates ultra-cold infrastructure with control hardware to enable quantum chips to function cohesively, transitioning quantum computing from laboratory demonstrations to practical applications.

Digital Connexion, a joint venture involving Reliance Industries Ltd., Brookfield Asset Management Ltd., and Digital Realty Trust Inc., has announced plans to invest $11 billion in developing an AI data center in southern India by 2030. This investment highlights the growing demand for data infrastructure in the region.

Venture capitalists are increasingly relying on artificial intelligence (AI) to guide their startup investment decisions, as highlighted in a recent discussion with Shona Ghosh from Bloomberg Technology. This shift indicates a growing trust in AI's ability to analyze and predict startup potential effectively.

China's top economic-planning agency has issued a warning regarding the potential formation of a bubble in the rapidly growing humanoid robotics industry, marking a rare official acknowledgment of concerns within this booming sector.

SoftBank Group Corp. has seen its credit-default swaps widen to the highest level since April, indicating increased investor caution regarding the company's debt-driven growth amid rising global competition in the technology sector.

X, the social media platform owned by Elon Musk, has introduced a new feature called 'About this account' that reveals the country of origin for user profiles, enhancing transparency about user locations. This initiative aims to clarify the origins of accounts, particularly those labeled as 'US,' which may actually be operated from abroad.

South Korea successfully conducted its first rocket launch led by a private company, marking a significant milestone in its ambitions to enhance its role in the global space race. This event underscores the country's commitment to developing its space capabilities and fostering a competitive commercial space sector.

Three councils in London have been impacted by a cyberattack, leading to significant disruptions in their services and prompting the activation of emergency plans. This incident underscores the increasing vulnerability of public institutions to cyber threats.