SoftBank Invests $3 Billion for Latin America Tech Companies

SoftBank announced late Tuesday that it will commit $3 billion for a private investment funding that will be focused on technology companies in the Latin American market. In a statement, the company said that the launching of the SoftBank Latin …

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Iran Unveils State-Approved Islamic Dating App to Promote ‘Lasting Marriage’

Iran on July 12 unveiled a state-approved Islamic dating app designed to promote “lasting and informed marriage” in the country, state media reported. Government-affiliated Tebyan Cultural Institute developed the app called Hamdam, which means “companion” in Farsi, to help younger …

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Google and Amazon Smart Home Businesses Questioned in Senate Antitrust Hearing

Giant tech firms Google and Amazon defended their smart home devices in the first-ever Senate hearing on connected home technologies, on Tuesday. “In home technology, we see some of the most powerful firms that dominate tech today poised to dominate …

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China Criticizes U.S. Senate Passing of Anti-China Tech Bill

The Chinese government criticized the passing of the U.S. Innovation and Competition Act, a $250 billion bipartisan legislation, aimed at countering China’s technological ambitions. A Beijing official hit back at the bill on Wednesday, stating that it “exaggerated the ‘China …

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Japan to Restrict Foreign Tech Use on Critical Infrastructure Amid Security Concerns

The Japanese government will be introducing new regulations for 14 critical infrastructure sectors to address national security concerns to cyberattacks as demonstrated in the recent Colonial Pipeline ransomware hack in the U.S. The critical infrastructure sectors will include electricity, finance, …

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Airspeeder Hopes to Launch Flying Racing Car Series

Racing company Airspeeder hopes to bring racing to the skies with the launch of their new MK3 model of air speeder. The electrically powered MK3 will be tested in the upcoming 2021 season, which plans to race the speeders at …

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