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AI stylist and personal shopping platform Alta just closed an $11 million seed round led by Menlo Ventures, signaling growing investor appetite for AI-powered consumer experiences in fashion. Founded by tech veteran Jenny Wang, 28, Alta offers an AI-driven personal stylist that recommends outfits based on users’ budgets, lifestyles, weather, and calendar. The platform also…
Japanese investment firm Metaplanet has cemented its position among the top corporate Bitcoin holders after acquiring 1,112 BTC worth ¥16.88 billion ($117 million) on Monday. With this latest purchase, Metaplanet’s total Bitcoin holdings have reached 10,000 BTC, surpassing Coinbase’s 9,267 BTC, according to data from Bitbo. This move propels Metaplanet into the seventh position among…
China’s retail sales surged in May, growing at the fastest pace since December 2023, fueled by government subsidies and strong online shopping demand. Official data released by the National Bureau of Statistics (NBS) on Monday showed retail sales rose 6.4% year-on-year, beating economists’ forecast of 5% and marking a sharp acceleration from April’s 5.1%. This…
India’s position as a global remittance leader is growing stronger, with inflows rising from $55.6 billion in 2010–11 to $118.7 billion in 2023–24, according to the Reserve Bank of India. With projections placing remittances at $160 billion by 2029, the demand for seamless, digital financial services for non-resident Indians (NRIs) is rapidly accelerating. Enter Aspora—formerly…
Amazon has unveiled an ambitious A$20 billion (US$13.02 billion) investment plan to expand its data centre infrastructure across Australia from 2025 to 2029, marking one of the largest technology infrastructure projects in the country’s history. The move aims to meet soaring demand for cloud computing and artificial intelligence (AI) services while accelerating the digital transformation…
Oil prices spiked sharply on Friday following intensifying geopolitical tensions in the Middle East, as Israel launched attacks on Iranian military and nuclear infrastructure. In retaliation, Iran mounted a response, heightening fears of a broader conflict that could disrupt global oil supply. West Texas Intermediate (WTI) crude, the U.S. oil benchmark, jumped approximately 7.5% to…