The collapse of the Singapore-based firm's TerraUSD and Luna wiped out around $40 billion in investments and caused wider losses in the global crypto market estimated at more than $400 billion.

The members of this group identify themselves as ethical hackers or white hat hackers, which implies the use of their hacking skills for good, rather than for malicious purposes.

Venture capital firms suggest a possible rebound of Indonesia’s tech sector could begin later this year, though the first half of 2024 will likely remain under the shadows of the 2023 decline marked by mass layoffs and business closures.

Pitchbook recorded a 50 percent increase of venture debt in Indonesia to US$109 million in 2023.

Indonesian fintech saw only US$765 million in funding last year, down from $1.6 billion in 2022, according to private data market research firm Tracxn.

Financiers agree 2024 will be about managing risks by prioritizing strong fundamentals, but while some investors expect a year of squeeze, others are looking beyond immediate financial returns.

Start-ups in agriculture, farming, fisheries and related industries are seen as potential targets for investment in 2024, according to Amvesindo.

Through their AI chatbots, the companies "seek to free-ride on The Times' massive investment in its journalism by using it to build substitutive products without permission or payment," the lawsuit said.

Experts urged the government to focus on critical infrastructure legislation like the cybersecurity bill to prepare for binding AI rules.

China will on Friday conduct sea trials for its first ocean research drilling vessel, capable of drilling at depths of more than 10,000 meters, a key step toward beefing up the country's deep-sea oil and gas exploration capabilities.

BAKTI Kominfo announced on Friday that SATRIA-1 had successfully undergone a network trial, signaling nationwide connectivity readiness.

EU member states and lawmakers clinched a deal on Friday on how to draft "historic" rules regulating artificial intelligence models such as ChatGPT -- after 36 hours of negotiations.

Mandiri Capital Indonesia, a subsidiary of Bank Mandiri, will become the investment manager of the BTN Fund, with BTN as the sole investor.

The Communications and Information (ICT) Ministry said that the objective of the article is to maintain a level playing field in the country's digital realm.

The C919 made its maiden commercial flight in May and is key to Beijing's decades-long ambitions to compete with Western rivals in the air and cut down China's reliance on foreign technology.

Chinese super app TikTok has agreed to invest in a unit of tech giant GoTo and cooperate on an online shopping platform to save the Indonesian TikTok Shop.

Gravel cofounder and chairman Nicholas Sutardja says the fresh funds will be used to access new markets.

In the latest third quarter, the company swung to a profit aided by price hikes in its streaming services and growth in subscribers in all regions, and forecast that its number of monthly listeners would reach 601 million in the holiday quarter.

That threat was made in response to Ottawa's Online News Act, which was due to come into force on December 19. Meta has also pushed back against the looming regulations.

The digital asset has skyrocketed this year, gaining nearly 150 percent, with expectations growing that US regulators will allow the creation of exchange-traded funds (ETFs).

The government has no intention of mirroring other nations' rules on how to put artificial intelligence in its place.

Researchers feel AI systems trained on predominantly English language and Western culture fail to grasp unique cultural nuances and linguistic demands of Indonesia.

It sets out cybersecurity requirements for the design, development, production and the sale of hardware and software products.

The eighth AI Journey international conference, held in Moscow from Nov. 22 to 24, was a major platform for the discussion of artificial intelligence (AI) in its current state.

Indonesia’s 2024 presidential candidates have presented their visions of how they will manage the country’s quickly growing digital economy if they are elected.

Jala has raised US$13.1 million in a series A round as the company sets its sights on expansion into remote areas of the country.

Passengers appear content with the high-speed part of the journey, but less so with the connection in Bandung regency.

Telkomsel Mitra Inovasi (TMI), the venture capital arm of state-owned telecommunications operator Telkomsel, has rebranded itself as Telkomsel Ventures and launched a second fund to invest in digital economy firms.

Many internet business players have called for government intervention to deal with the excessive number of internet service providers (ISPs) saturating the market, which they blamed for fueling cutthroat competition and dragging down efforts to improve the country’s internet quality.

Binance founder and CEO Zhao Changpeng will admit violating US laws as part of a deal to resolve a US probe into illicit finance breaches, according to a source familiar with matter.