Enterprise

TikTok could become one of the largest Microsoft Azure customers

Microsoft is just one of the many companies considering acquiring the social media app TikTok from its parent company ByteDance following President Trump’s executive order that the service needs to be sold to a US company to continue operating in the United States.However, things didn’t start out this way when the software giant first began…

Microsoft is just one of the many companies considering acquiring the social media app TikTok from its parent company ByteDance following President Trump’s executive order that the service needs to be sold to a US company to continue operating in the United States.

However, things didn’t start out this way when the software giant first began talks with TikTok this summer. Originally Microsoft had discussed taking a small stake in the company and becoming one of the app’s minority investors, according to a new report from Moneycontrol.

The Information, the social media app signed a three-year deal with Google Cloud worth at least $800m for its cloud services in May of last year. A deal could be quite profitable for Microsoft especially if it ends

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Enterprise

Kraken Parent Payward Acquires Magic Wallet, Adding Technology Behind 60M Wallets

Payward has agreed to acquire Magic Labs’ wallet-as-a-service business, adding embedded, non-custodial wallets to the infrastructure platform behind Kraken. The deal brings technology used to create more than 60 million wallets into Payward’s expanding enterprise product suite. Newton Labs Sells Magic Wallet Business to Focus Fully on Onchain Authorization Payward…

Payward has agreed to acquire Magic Labs’ wallet-as-a-service business, adding embedded, non-custodial wallets to the infrastructure platform behind Kraken. The deal brings technology used to create more than 60 million wallets into Payward’s expanding enterprise product suite. Newton Labs Sells Magic Wallet Business to Focus Fully on Onchain Authorization Payward…
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Enterprise

Uphold Cuts Staff. The Money Now Goes to Its Bank-Facing Business

Uphold has cut its global headcount by 17%, laying off roughly 85 employees and contractors, CoinDesk reported, citing sources familiar with the matter.The company is redirecting spending toward its enterprise business after nearly doubling headcount during what CEO Simon McLoughlin called a period of “extraordinary growth.”What Uphold Is Selling to PartnersFounded in 2015…

Uphold has cut its global headcount by 17%, laying off roughly 85 employees and contractors, CoinDesk reported, citing sources familiar with the matter.The company is redirecting spending toward its enterprise business after nearly doubling headcount during what CEO Simon McLoughlin called a period of “extraordinary growth.”What Uphold Is Selling to PartnersFounded in 2015…
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Enterprise

XRP Gets New Payment Flow as Ripple’s RLUSD Lands AI Banking Platform Nuvion Integration

Nuvion, an AI-powered global banking and cross-border payments platform, has integrated Ripple USD (RLUSD), extending the stablecoin’s enterprise reach just days after Ripple secured its full MiCA license in Europe. A New Rail for the ‘Compliant Digital Dollar’ Nuvion announced the integration in a press release saying RLUSD will power faster cross-border settlement…

Nuvion, an AI-powered global banking and cross-border payments platform, has integrated Ripple USD (RLUSD), extending the stablecoin’s enterprise reach just days after Ripple secured its full MiCA license in Europe. A New Rail for the ‘Compliant Digital Dollar’ Nuvion announced the integration in a press release saying RLUSD will power faster cross-border settlement…
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Enterprise

Siada Brings Nvidia B200 GPUs Online as UAE Keeps Sensitive AI Data Inside Its Borders

United Arab Emirates tech enterprise Siada and Innovation City have launched the region’s first operational sovereign AI data center in Ras Al Khaimah. Bypassing Global Chip Shortages In a bid to bypass global tech supply bottlenecks and tighten data security, United Arab Emirates (UAE) tech enterprise Siada and Innovation City announced July 6 the launch

United Arab Emirates tech enterprise Siada and Innovation City have launched the region’s first operational sovereign AI data center in Ras Al Khaimah. Bypassing Global Chip Shortages In a bid to bypass global tech supply bottlenecks and tighten data security, United Arab Emirates (UAE) tech enterprise Siada and Innovation City announced July 6 the launch [……
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