How This New Fintech Billionaire Is Cashing In On Cross-Border Payments

Amid allegations of sharing customer data with China, Australian payments startup Airwallex, now valued at $11 billion, is gunning for Stripe and Ramp.

Philippine Tycoon Lance Gokongwei Bets On Online Gaming With PhilWeb Deal

Online gaming exploded in the Philippines following the broad adoption of mobile Internet gambling during the pandemic. It rose 30% to 201 billion pesos ($3.3 billion) last year.

Russia Hacked A Dissident’s iPhone With Banned Israeli Tech, Records Show

Israeli surveillance company Cellebrite ended sales to Russia in early 2021. A few months later, Russia used its tech to search a prominent opponent of the regime, new research indicates.

China’s Self-Reliance Drive Powers 1,200% IPO Surge, Minting A New Billionaire

Wang Bing, chairman and CEO of semiconductor component maker Chongqing Genori Technology, has amassed a fortune of $4.7 billion as shares soared almost 1,200% after its Shanghai listing.

Singapore Video Startup Founded By Tencent’s Former AI Head Bets Big On World Models

Fresh off an $80 million round from investors including AMD and Hyundai Motor, Video Rebirth is competing shoulder-to-shoulder with tech giants atop a major AI video leaderboard. Now it’s building a world model that can create real-time interactive 3D …

AbbVie’s $11 Billion Immunology Bet

In this week’s edition of InnovationRx, we look at AbbVie’s new megadeal, an agentic AI startup saving Medicare $2 million a week, how new student loan rules could degrade healthcare and more.

These 29-Year-Olds’ AI Chatbot For Scheduling Doctor Visits Is Now Worth $1.2 Billion

Scheduling doctor appointments is its own form of hell for both physicians and patients. Assort Health’s AI fix helped it raise its third venture round in 14 months.

The World’s Largest Tech Companies: Memory Chips Skyrocket Amid AI Data Center Buildout

The AI boom has turned memory chip manufacturers like Micron and SK Hynix from cyclical businesses into a sizzling hot growth sector.

This Startup Says It Saves Medicare More Than $2 Million A Week

Cadence reached a $1.2 billion valuation by using AI to track seniors’ chronic health conditions and improve their care.

The Fastest-Growing Energy Source Under The Sun

This week’s Current Climate newsletter also looks at an audacious plan for floating, ocean-powered data centers and GM’s pursuit of cheaper battery technologies.