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What’s New Today: Singapore’s Economy Expands by 4.1% in Q3 2024
Fast-Track Insights: London Crypto Trader Pleads Not Guilty to Illegal Crypto ATM Business Charges
Here’s a quick rundown of the biggest tech headlines making waves today. From Singapore’s economic growth to IPGL recruitment, let’s dive into the top tech stories of the day.
Singapore's economy experienced significant growth in the third quarter, fueled by an increase in artificial intelligence. This growth dropped the demand for computer chips, as per the preliminary data on October 14.
The Asian city-state's economic performance is often seen as a reflection of the worldwide economic landscape. This is due to its significant dependence on global commerce.
The Ministry of Trade reported that a robust recovery in the crucial manufacturing sector was the driving force behind the 4.1 percent increase in the three months to September.
The manufacturing sector includes the production of computer chips. It saw a 7.5 percent increase year-on-year, recovering from a 1.1 percent drop in the preceding three months.
"Tech did all the heavy lifting for the manufacturing sector in the third quarter," said Song Seng Wun, Singapore economic advisor at CGS International Securities.
SpaceX is gearing up for its fifth launch of Starship. Starship Flight 5 is set to launch on Sunday 13 October at 7 am local time (0800 EDT, 1200 GMT) from the Starbase site in South Texas
Elon Musk’s space enterprise will use oversized ‘chopsticks’ for the potential feat.
The mission's objectives are two-fold. In addition to another test for the developing Starship rocket, which is the world's heaviest booster, SpaceX has specific goals in mind.
The company aims to perform a successful landing in the Indian Ocean and to capture the booster in mid-air using the 'Mechazilla' pad structure's 'straws'.
One Plus is set to launch One Plus 13 in China.
The OnePlus 13 will run on Qualcomm's Snapdragon 8 Gen 4/8 Elite processors. Significantly, these processors are expected to surpass the performance of the iPhone 16 Pro's A18 Pro processor in certain tests.
For years, Apple has led the smartphone industry with its custom processors, with Android devices lagging in terms of performance.
However, with the introduction of the Snapdragon chipset this year, this dynamic could be set to shift.
The OnePlus 13 is expected to come with a 6.8-inch Super AMOLED display boasting a peak brightness of 6,000 nits and 1,600 nits in high brightness mode (HBM).
It is also rumored to have a large 6,000mAh battery and an IP68/69 rating for protection against water. Additionally, it might support fast charging at 100W and magnetic wireless charging at 50W.
India Ports Global Limited (IPGL) has announced the recruitment of 3 positions including Manager (Finance & Accounts), Chief Finance Officer (CFO), and General Manager (Port Operations). Applicants with a commerce background and relevant experience in finance, particularly in major port trusts or government agencies can apply for this position.
Applications are to be submitted offline by downloading the application form from the official notification.
The hiring process includes interviews for all qualified applicants. The candidates will be shortlisted after reviewing the application. Following this, the candidates will be selected by the company's leadership. The applicants will be informed through email.
After the pandemic, a surge in demand for AI talent was seen globally, and the United States has emerged as the first destination for professional talent. The Indian AI talent is highly cherished because of its expertise and innovative ability. Top tech firms in the US remain keenly interested in hiring qualified Indian professionals. This article throws light on top companies hiring Indians for AI roles, open positions, and perks offered.
In a development that could establish a legal precedent in the United Kingdom, a 37-year-old trader has denied the allegations of running a cryptocurrency ATM operation that was not authorized.
Habibur Rahman, a 37-year-old trader from East Ham, London, has denied the allegations of running an unauthorized cryptocurrency ATM operation and illegally handling around US$395,000 in illicit funds. This situation is the first instance of a person being prosecuted in the UK for the operation of unlicensed cryptocurrency ATMs.
The prosecution claims that Rahman laundered £300,000 (approximately $395,000) by transforming it into cryptocurrency through these unauthorized ATMs.
