Gojek denies merging with Grab.

On February 13th, GoTo – the parent company of Gojek – denied reports of resuming merger negotiations with rival Grab.

In its statement, GoTo emphasized that "at this time, the company is not having any discussions about such matters."

The company issued the comment after Bloomberg reported that GoTo and Grab had restarted talks about a potential merger.

GoTo stated that its financial position is increasingly strong and has achieved its positive adjusted EBITDA target for Q4 2023.

The Indonesian tech giant will announce its Q2 2023 and full-year 2023 earnings results in March.

GoTo was founded in May 2021 through a "blockbuster" merger between the country's two largest startups: Gojek and Tokopedia.

Nvidia surpasses giants Amazon and Google.

According to Forbes, Nvidia's market value surpassed that of giants like Amazon and Alphabet earlier this week.

This is considered an incredible victory, but it happened thanks to Nvidia's stock increasing more than fourfold in the past 15 months.

Specifically, Nvidia shares surged nearly 3% to an all-time high of over $740, boosting its market capitalization to $1.83 trillion, surpassing Alphabet's $1.82 trillion and Amazon's $1.8 trillion, marking an impressive run for Nvidia as Wall Street rushed to buy the stock amid the AI ​​craze.

To date, Nvidia is the most prominent manufacturer of AI semiconductor chips, not only because of Nvidia's potential to capitalize on the growing interest and corporate spending in AI, but also due to the company's explosive results.

Nvidia will announce its Q4 2023 earnings results next week. Analysts predict the company will have another record quarter in terms of revenue and profit.

New York sues TikTok, Facebook, YouTube

On February 14th, New York City Mayor Eric Adams announced that his administration had filed lawsuits against the parent companies of TikTok, Instagram, Facebook, Snapchat, and YouTube, alleging that their services are harming the mental health of young people and children in the city.

The lawsuit alleges that Meta, Snap, ByteDance, and Google intentionally "designed, developed, manufactured, operated, promoted, distributed, and marketed their platforms to attract and incite addiction among teenagers, with minimal parental supervision."

The plaintiffs allege that the technology companies violated several city laws relating to public nuisance and gross negligence through the design and marketing of addictive products.

They claim that New York school districts and various health and social services have been severely impacted by children suffering negative mental health consequences stemming from the use of popular social media apps.

In another development, a coalition of more than 40 attorneys general filed a joint federal lawsuit against Meta, alleging that its products are addictive and harmful to mental health.

100 Starlink satellites could fall to Earth.

In an announcement on February 12, SpaceX stated that in the coming months, the company will carry out a controlled decommissioning of approximately 100 first-generation Starlink satellites.

These satellites face a common problem: they are more likely to malfunction and become uncontrollable in the future.

The company estimates that the removal process for most of the aforementioned satellites will take approximately six months.

SpaceX currently has 5,438 Starlink satellites in orbit out of a total of 5,828 launched to date, according to Jonathan McDowell, an astrophysicist at the Harvard-Smithsonian Center for Astrophysics, who tracks SpaceX's internet satellites.

5 trends driving the booming data center economy in 2024

5 trends driving the booming data center economy in 2024

In 2023, McKinsey & Company projected that the data center sector would grow by 10% annually until 2030, with global spending on new facility construction reaching $49 billion.
LG Electronics joins the race for AI features that don't require an internet connection.

LG Electronics joins the race for AI features that don't require an internet connection.

LG Electronics has signed a cooperation agreement with Upstage, a South Korean domestic AI company, to develop on-device AI features.
Data economy is becoming a new 'universal' value in Europe.

Data economy is becoming a new 'universal' value in Europe.

Amidst the bleak outlook for Europe, the data economy in the "aging" continent has emerged as a bright spot, a model that other countries can emulate.