Author name: admin

Alibaba cloud to dedicate its global capabilities to support Bosch’s technology stack Both intend to deepen collaboration in leveraging Alibaba’s AI strength to facilitate Bosch’s business innovations, such as smart cockpit Bosch to expand its e-commerce presence in Southeast Asia, Spain, and Latin America through Alibaba’s global platforms HANGZHOU, CHINA – Media OutReach Newswire – 2 September 2025 – Bosch, a leading global supplier of technology and services, and Alibaba Group, a global technology company focused on e-commerce and cloud computing, today announced an expanded strategic partnership to accelerate digital transformation through advanced cloud computing and AI technologies. The enhanced collaboration will focus on cloud-based enterprise operations, AI-driven business innovations, and e-commerce expansion. “Our partnership opens up exciting opportunities for both Bosch and Alibaba to expand our offerings in the global market,” said Dr. Tanja Rückert, member of the Bosch board of management and Chief Digital Officer. “By joining forces, we combine Alibaba’s advanced cloud infrastructure, AI capabilities and e-commerce market reach with Bosch’s deep technological expertise in mobility, industrial technology and consumer goods to drive greater efficiency and innovation worldwide. AI has been an innovation booster for Bosch across all business sectors, and cooperation with strong partners like Alibaba is essential for Bosch to realizing its full potential and creating greater value.” “This partnership with Bosch demonstrates our commitment to empowering global businesses with world-class technologies and highlights Alibaba’s strengths in AI and cloud computing,” said Joe Tsai, Chairman of Alibaba Group. “Bosch’s leading expertise in advanced automotive solutions and household appliances, combined with Alibaba’s innovations in cloud, AI and e-commerce, will enable both our companies to bring compelling value propositions to customers worldwide.” Powering Innovation through Cloud Services and AI The expanded partnership – focusing on cloud migration and AI cooperation- marks a significant step further in bolstering Bosch’s digital operations and fostering industrial innovation. As part of Bosch Group ‘s cloud hyperscalers strategy, the collaboration between the two companies covers multiple business areas, such as corporate operations, home appliances and commercial vehicles, to enhance operational efficiency and enable smarter business processes. In addition, the two companies intend to collaborate on exploring the potential of running Bosch’s intelligent driving environment on Alibaba Cloud’s AI infrastructure. The partnership will leverage Alibaba’s AI capabilities to support Bosch’s businesses, boosting operational efficiency and enhancing product intelligence. In the automotive sector, for instance, the two companies plan to evaluate Qwen-based multimodal models to elevate the smart cockpit experience with more intuitive in-vehicle interactions. The two companies also intend to explore the possibility of development of next-generation automated driving solutions powered by Qwen’s visual language model to enhance scene recognition accuracy. Driving Global E-commerce Growth As a key pillar of the expanded partnership, Bosch and Alibaba will further drive growth and innovation in e-commerce through expanded product portfolio, enhanced customer engagement, and optimized brand experience. In 2025, Bosch plans to launch new product categories in China with consumer insights from Alibaba’s e-commerce platform. Alibaba will also support Bosch in reaching a broader consumer base in China through comprehensive omni-channel digital marketing. Based on the framework of collaboration in China, Bosch will extend its e-commerce footprint to Southeast Asia, Spain, and Latin America through Alibaba’s global e-commerce platforms including Lazada, Miravia and AliExpress, to better serve local consumers with innovative, high-quality products. Bosch and Alibaba’s collaboration in e-commerce began in 2017. Bosch has since established a strong presence on Alibaba’s Tmall platform, offering a wide range of consumer-focused products, including home appliances, power tools, heating systems, and automotive aftermarket parts. Joint efforts across marketing, sales, membership programs and online-to-offline services have significantly strengthened Bosch’s digital ecosystem and customer engagement in China. Hashtag: #AlibabaGroup The issuer is solely responsible for the content of this announcement. About Bosch In China, the Bosch Group manufactures and markets automotive original equipment and aftermarket products, industrial drives and control technology, power tools, household appliances, security and communication systems as well as thermotechnology solutions. Having established a regional presence in China in 1909, Bosch employs more than 56,000 associates (as of December 31, 2024). Bosch in China has generated consolidated sales of CNY 142.8 billion in fiscal 2024. Additional information is available online at www.bosch.com.cn. The Bosch Group is a leading global supplier of technology and services. It employs roughly 418,000 associates worldwide (as of December 31, 2024). The company generated sales of 90.3 billion euros in 2024. Its operations are divided into four business sectors: Mobility, Industrial Technology, Consumer Goods, and Energy and Building Technology. With its business activities, the company aims to use technology to help shape universal trends such as automation, electrification, digitalization, connectivity, and an orientation to sustainability. In this context, Bosch’s broad diversification across regions and industries strengthens its innovativeness and robustness. Bosch uses its proven expertise in sensor technology, software, and services to offer customers cross-domain solutions from a single source. It also applies its expertise in connectivity and artificial intelligence in order to develop and manufacture user-friendly, sustainable products. With technology that is “Invented for life,” Bosch wants to help improve quality of life and conserve natural resources. The Bosch Group comprises Robert Bosch GmbH and its roughly 490 subsidiary and regional companies in over 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. Bosch’s innovative strength is key to the company’s further development. At 136 locations across the globe, Bosch employs some 87,000 associates in research and development. The company was set up in Stuttgart in 1886 by Robert Bosch (1861–1942) as “Workshop for Precision Mechanics and Electrical Engineering.” The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant upfront investments in the safeguarding of its future. Ninety-four percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a limited liability company with a charitable purpose. The remaining shares are held

Y Combinator-backed US fintech expands services to India with minutes-fast transfers that bypass traditional banking delays SAN FRANCISCO, US – EQS Newswire – 2 September 2025 – Y Combinator-backed startup fintech Grey (https://Grey.co/) has expanded its services to India, now offering almost instant rupee payouts to serve Indians earning from international sources—from freelancers and entrepreneurs to students and expats sending money home, receiving support from family and managing cross-border finances. The product expansion positions Grey, a US-licensed fintech, that serves over 2 million users across 50+ countries, as a major player offering comprehensive global banking services specifically designed for India’s digitally connected workforce, providing instant access to USD, EUR, and GBP accounts alongside local rupee conversions. India processes over $125 billion in annual remittances, more than any country globally, yet most recipients still wait 3-5 business days and pay 3-7% in hidden fees for international transfers. “Traditional banks treat international payments like it’s still 1995,” said Idorenyin Obong, Grey’s CEO, who spent time in Bengaluru meeting users “I talked to a freelance designer who was losing ₹15,000 monthly just on conversion fees and delays. That’s serious money.” The timing reflects India’s growing global economic integration. The country has the world’s largest freelance market with over 15 million freelancers and approximately 3 million remote workers employed by foreign companies. Most still rely on traditional payment methods with multi-day delays, despite having clients primarily based in the US, UK, Australia, Europe, and South America. Grey’s approach differs by providing users with actual US, European, and UK bank account details, allowing international clients to pay as if hiring locally, then instantly converting funds to rupees on the recipient’s end. “We’re not just another remittance app,” Obong explained. “We’re giving Indians the same financial infrastructure that Americans and Europeans have which is instant access to global money.” The launch positions Grey directly against established players in India, a market where cross-border payment companies have struggled with regulatory complexity and local banking partnerships. Indian users can sign up immediately at https://Grey.co/. The service supports payouts from 170+ countries and includes virtual USD debit cards and USDC cryptocurrency deposits and payouts. Distributed by APO Group on behalf of Grey. Hashtag: #Grey The issuer is solely responsible for the content of this announcement. About Grey Grey is at the forefront of providing secure and convenient global banking solutions to meet the needs of customers and businesses. Grey holds a Money Service Business license from FINTRAC in Canada, and FinCEN in the USA, and our primary focus is emerging markets. Our range of services enables individuals and businesses to easily own and manage multi-currency accounts (https://Grey.co/Foreign-Accounts). This includes currency exchange (https://Grey.co/Currency-Exchange), sending and receiving payments (https://Grey.co/Money-Transfer) to and from over 170 countries, as well as access to virtual cards (https://Grey.co/Cards).

Akamai-commissioned research reports future-proofing digital business infrastructure as the top technology initiative for CEOs in Asia-Pacific organizations Leading analyst firm predicts that by 2027, 80% of CIOs will turn to edge services from cloud providers to meet the performance and compliance demands of AI inferencing 31% of enterprises have moved GenAI applications into production, with 64% in testing phase, forcing an infrastructure rethink SINGAPORE – Media OutReach Newswire – 2 September 2025 – As generative AI becomes essential to business operations, organizations are being forced to rethink outdated infrastructure models, finds a new IDC research paper commissioned by Akamai Technologies (NASDAQ: AKAM), the cybersecurity and cloud computing company that powers and protects business online. According to the research paper titled “The Edge Evolution: Powering Success from Core to Edge,” Asia-Pacific (APAC) enterprises are realizing that centralized cloud architecture alone is unable to meet the increased demands of scale, speed, and compliance. It is crucial that businesses rethink and enhance infrastructure strategies to include edge services to stay competitive and compliant, and be ready for real-world AI deployment. According to the IDC Worldwide Edge Spending Guide — Forecast, 2025, public cloud services at the edge will grow at a compound annual growth rate (CAGR) of 17% through 2028, with the total spending projected to reach US$29 billion by 2028. In addition, in the latest research paper, IDC predicts that by 2027, 80% of CIOs will turn to edge services from cloud providers to meet the performance and compliance demands of AI inferencing. This shift marks what is emerging in the paper as “The Edge Evolution.” The research paper further outlines how public cloud–connected systems combine the agility and scale of public cloud with the proximity and performance of edge computing, delivering the flexibility businesses need to thrive in an AI-powered future. The AI infrastructure reality check As generative AI moves from experimentation to execution, enterprises across APAC are confronting the limits of legacy infrastructure. Today, 31% of organizations surveyed in the region have already deployed GenAI applications into production. Meanwhile, 64% of organizations are in the testing or pilot phase, trialing GenAI across both customer-facing and internal use cases. However, this rapid momentum is exposing serious gaps in existing cloud architectures: Complexity of multicloud: 49% of enterprises struggle to manage multicloud environments due to inconsistent tools, fragmented data management, and challenges in maintaining up-to-date systems across platforms. Compliance trap: 50% of the top 1,000 organizations in Asia-Pacific will struggle with divergent regulatory changes and rapidly evolving compliance standards, and this will challenge their ability to adapt to market conditions and drive AI innovation. Bill shock: 24% of organizations identify unpredictable rising cloud costs as a key challenge in their GenAI strategies. Performance bottlenecks: Traditional hub-and-spoke cloud models introduce latency that undercuts the performance of real-time AI applications, making them unsuitable for production-scale GenAI workloads. “AI is only as powerful as the infrastructure it runs on,” said Parimal Pandya, Senior Vice President, Sales, and Managing Director, Asia-Pacific at Akamai Technologies. “This IDC research paper reveals how Asia-Pacific businesses are adopting more distributed, edge-first infrastructure to meet the performance, security, and cost needs of modern AI workloads. Akamai’s global edge platform is built for this transformation — bringing the power of computing closer to users, where it matters most.” Daphne Chung, Research Director at IDC Asia-Pacific, added, “GenAI is shifting from experimentation to enterprise-wide deployment. As a result, organizations are rethinking how and where their infrastructure operates. Edge strategies are no longer theoretical — they’re being actively implemented to meet real-world demands for intelligence, compliance, and scale.” Key findings for APAC: China scales GenAI with edge and public cloud dominance: 37% of enterprises have GenAI in production and 61% are testing, while 96% rely on public cloud IaaS. Edge IT investment is accelerating to support remote operations, disconnected environments, and industry-specific use cases. Japan accelerates AI infrastructure despite digital maturity gap: While only 38% of Japanese enterprises have GenAI in production, 84% believe GenAI has already disrupted or will disrupt their businesses in the next 18 months, and 98% plan to run AI workloads on public cloud IaaS for training and inferencing workloads. Edge use cases like AI, IoT, and operational support for cloud disconnection are driving infrastructure upgrades. India expands edge infrastructure to meet GenAI demand and manage costs: With 82% of enterprises conducting initial testing of GenAI and 16% leveraging GenAI in production, India is building out edge capabilities in tier 2 and 3 cities. 91% of GenAI adopters rely on public cloud IaaS, but cost concerns and skills gaps are pushing demand for affordable, AI-ready infrastructure. ASEAN embraces GenAI with edge-first strategies beyond capital hubs: 91% of ASEAN enterprises expect GenAI disruption within 18 months, with 16% having introduced GenAI applications into the production environment and 84% in the initial testing phase. 96% are adopting public cloud IaaS for AI workloads, while edge investment is rising to support remote operations and data control. Building a cloud-connected future To stay ahead, enterprises must modernize infrastructure across cloud and edge, aligning deployments with specific workload needs. Securing data through Zero Trust frameworks and continuous compliance is essential, as is ensuring interoperability to avoid vendor lock-in. By tapping into ecosystem partners, businesses can accelerate AI deployment and scale faster, smarter, and with greater flexibility. Download the full IDC InfoBrief, commissioned by Akamai, “The Edge Evolution: Powering Success from Core to Edge“, August 2025, IDC Doc #AP242522IB, to explore strategic insights and recommendations for building cloud-connected, AI-ready infrastructure across APAC. Hashtag: #Akamai https://www.akamai.com/https://sg.linkedin.com/company/akamai-technologieshttps://x.com/Akamai The issuer is solely responsible for the content of this announcement. About Akamai Akamai is the cybersecurity and cloud computing company that powers and protects business online. Our market-leading security solutions, superior threat intelligence, and global operations team provide defense in depth to safeguard enterprise data and applications everywhere. Akamai’s full-stack cloud computing solutions deliver performance and affordability on the world’s most distributed platform. Global enterprises trust Akamai to provide the industry-leading reliability, scale, and expertise they need to grow