28th April 2025 I Top Tech News I America I Europe I Asia I #techmeme #youtube #trending
Meesho accounts for about 37% of India’s e-commerce orders, but only 8%-9% of the sector’s total value due to the small average transaction size
Crypto firms have struck 88 M&A and SPAC deals worth $8.2B so far in 2025, nearly 3x the $2.75B transaction value across 188 deals in 2024
Huawei has approached some clients about testing the technical feasibility of the Ascend 910D, its newest AI chip that it hopes will beat Nvidia’s H100
India faces a shortage of agentic AI professionals, with executives estimating fewer than 100K in the country while demand is projected to hit ~200K by 2026
Experts say that India is behind China in deep tech innovation due to its historical focus on services, lower R&D investment, and a brain drain of AI talent
Salsa, which provides APIs and UI components that let vertical SaaS platforms offer payroll as a feature to their customers, raised a $20M Series A led by Altos
Bitcoin miners’ earnings power and stocks have diverged from the asset they help produce, as the hashrate languishes amid technical and macroeconomic headwinds
Stripe plans to test a stablecoin payments product aimed at companies outside the US, the UK, and the EU, using tech from Bridge, which Stripe acquired in 2024
IBM has booked $6B in sales around generative AI and Red Hat’s revenue has about doubled since IBM bought it, fueling a ~2x jump in IBM’s stock since April 2020
Symbiotic, which is building a “universal staking” platform after starting as a restaking protocol on Ethereum, raised a $29M Series A led by Pantera Capital
A US DOJ official says Tyler Buchanan, a 23-year-old from Scotland, and an alleged Scattered Spider cybercrime group member, was extradited from Spain to the US
Etsy agrees to sell Reverb, an online musical instruments marketplace that it acquired for $275M in 2019, to investors Creator Partners and Servco
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