The fact that trillions of dollars were wiped off tech company valuations around the world last year reflects a profound reassessment of the industry, where growth alone will no longer cut it.

As liquidity shrank, investment bankers demanded a more concrete path to profitability from tech companies.

Global venture capital (VC) fundraising tumbled by a double-digit percentage in 2022, and some insiders see the next few years as the night of the living dead, where zombie VC firms would arise.

The business-to-business platforms cannot directly bring down building material prices, but they could help property developers manage costs, according to an expert.

The Netherlands on Monday warned against hitting Big Tech with a so-called internet toll to help pay for billions of euros in network investments, saying such a move may breach net neutrality rules and lead to price hikes for Europeans.

Despite a new initiative from the Health Ministry and rising interest from venture capitalists, public awareness on the benefits of genetic testing is still low.

Mortgage tech has the potential to tap into the Indonesian property market with demand for house ownership high in the years to come, while most of financing come from loans.

PT Mandiri Capital Indonesia (MCI), state-owned lender Bank Mandiri’s venture capital arm, announced on Wednesday that it would begin holding its Xponent business matchmaking event for start-ups on a quarterly basis.

Coworking businesses have been bleeding throughout the pandemic, with the recent bankruptcy of one of the dominant players CoHive being a symptom of what experts saw as the industry’s prevailing condition in 2023.

The loss compared with the net profit of 29.0 billion yen ($219 million) the firm reported in the same three-month period last year.

Respondents that saw social media as a trustworthy source of information jumped in 2022, while more conventional news outlets saw a decline. 

The digital payment industry grew steadily last year, however, the growth reflects competitive immaturity, the solution for which lies in consolidation, analysts have suggested.

A plunge in growth last year is compelling food delivery platforms in Southeast Asia to scrutinize their costs for the sake of profitability.

The release of ChatGPT, NVIDIA Canvas and DALL-E suggests that artificial intelligence (AI) will one day disrupt even creative industries, yet workers in the segment believe some space will always be reserved for humans, no matter how sophisticated software becomes.        

Netflix lost customers in the first half of 2022. It returned to growth in the second half.

The cuts were "in response to macroeconomic conditions and changing customer priorities," the maker of the Windows operating system said in a US regulatory filing.

Surabaya-based Komunal, which focuses on digitizing lenders outside of Jakarta, has secured a funding top-up from Indonesia’s East Ventures.

Despite the overall shift in consumer trend to online services during the pandemic, the region's food delivery platforms grew a mere 5 percent in GMV last year, plunging from 30 percent in 2021.

While the full revocation of COVID curbs means consumers can physically head to the shops, an industry report finds it likely that many users will continue to rely on online shopping.

The hottest startup in Silicon Valley right now is OpenAI, the Microsoft-backed developer of ChatGPT, a much-hyped chatbot that can write a poem, college essay or even a line of software code.

Financial technology start-up Xendit has established a foothold in Malaysia as it seeks to build a presence across Southeast Asia.

The news underscores rising interest in the artificial intelligence company, whose chatbot has dazzled amateurs and industry experts with its ability to spit out haikus, debug code and answer questions while imitating human speech.

Cryptocurrencies have crept into the new year, licking their wounds after the carnage of 2022. The overall global crypto market cap has risen 5 percent to $871 billion since Jan. 1, but it's still down over 57 percent from this time last year. 

While research has shown continued investment growth this year in data center development, a shift in policy mindset away from data localization and toward hyperscale computing was needed to fulfill market potential.

Microsoft Corp is in the works to launch a version of its search engine Bing using the artificial intelligence behind OpenAI-launched chatbot ChatGPT, The Information reported on Tuesday, citing two people with direct knowledge of the plans.

While overall venture capital (VC) financing fell 33 percent globally to about $483 billion in 2022, early-stage funding was robust, with $37.4 billion raised in so-called angel or seed rounds, in line with the record level seen in 2021, according to data from research firm PitchBook.

More than a quarter of 2022’s venture capital (VC) funding went straight into climate-technology start-ups’ pockets, a new study finds, signifying a resilient trend in the archetype despite an overall slowdown in tech investment.

Much of the tech industry had a rough year in 2022 as major companies went through axing sprees. However, smaller-scale start-ups experienced distinctly different fortunes as their fundraising improved.

More than three-quarters of the world's over 4.5 billion internet users live in countries where authorities punish online expression, according to Freedom House, which ranked China as having the worst environment for internet freedom.

A new study predicts that the average cost of data breaches will surpass US$5 million per incident in 2023, with phishing accounting for the majority of the attacks.