Technology

The Real Bottleneck in the Age of AI Agents Isn’t the Model — It’s the Data

Published

4 days ago

June 9, 2026

Singdata Closes Series B at over USD $100M, Launches in Hong Kong with a Bet on “AI-Native Data Infrastructure” — Aligned with the HKSAR Government’s HKD 3 Billion “AI+” Strategy

HONG KONG, June 9, 2026 /PRNewswire/ — Enterprises worldwide are racing to deploy AI Agents. Yet according to 2026 reports from Deloitte and Google Cloud, only 31% have reached production. 46% of organizations cite systems integration as the top barrier, and 42% point to data access and quality. The bottleneck is no longer the model — it is whether the underlying data is AI-Ready.

Singdata (Yunqi Tech), an AI-native data infrastructure company, today announced from Hong Kong the close of its Series B funding round, bringing total funding to over USD $100 million. The milestone marks an inflection point for the Asia-Pacific “Data + AI” infrastructure category — a category where the international comparable, Databricks, has seen its valuation grow 3.1x in the past 18 months to USD $134 billion.

Why Hong Kong, Why Now — After Compute, Data Is the Next Battlefield

The HKSAR Government is driving a HKD 3 billion “AI+” strategy: a HKD 1 billion Hong Kong AI Research and Development Institute (HKAIRDI), the Sandy Ridge supercomputing centre breaking ground in 2026, and citywide compute capacity expanding 36-fold by 2032. Hong Kong is positioning itself as a dual data hub between mainland China and the international market.

“Once compute becomes abundant, the next bottleneck is the data layer that powers AI applications.” Singdata’s Hong Kong launch is a direct response to that thesis — when enterprises already have compute and mature models, what determines whether AI works in production is a paradigm upgrade in data infrastructure. Singdata’s recently published technical thesis, Five Design Principles of an AI-Native Data Platform, sets out the technical path and design principles behind this paradigm shift in full.

Solving Two Structural Bottlenecks for Enterprise AI

Singdata’s core innovations — Generic Incremental Compute (GIC) and a Lakehouse architecture — address the two structural pain points of enterprise AI deployment:

AI-Ready data: Native support for documents, audio, video, chat logs and other unstructured “dark data” that constitutes over 80% of enterprise data — automatically parsed, vectorized, and aligned with LLM inference.Real-time, low-cost retrieval: GIC processes only the data that changes, decisively breaking the cost-and-latency ceiling of traditional Lambda architectures’ “full-rerun” approach, and supporting the high-frequency, millisecond-level vector search that AI Agents require.

Singdata’s AI Lakehouse is compatible with all major cloud platforms, and Singdata is a major contributor to the Apache Iceberg open standard, ensuring customers retain 100% sovereignty and portability over their own data — strategically significant in an Asia-Pacific market where data sovereignty is fast becoming a board-level concern.

Customers: Cross-Industry, Cross-Geography Enterprise Validation

Singdata’s customer base spans Asia’s leading enterprises:

Internet: AntGroup, Rednote, KuaishouAutomotive: Changan Auto, Great Wall Motor, Toyota, VolkswagenLogistics & Commerce: Ninja Van, Synagie, Atlas

The breadth of industries and geographies served is, in itself, the most direct proof that Singdata’s architecture adapts to highly differentiated enterprise environments.

Team: Alibaba “Apsara” Veterans, Combining Global Vision with Asia-Pacific Execution

Singdata’s founding team draws on senior alumni from Microsoft, Oracle, Alibaba Cloud, and ByteDance’s Volcano Engine — and was central to building Alibaba Cloud’s “Apsara” data platform, one of the largest cloud-native data systems globally. The team combines deep familiarity with global technical frontiers and large-scale Asia-Pacific operational experience.

Founder Statement

“The data stack enterprises built over the past two decades was designed for human analysts reading T+1 dashboards. An AI Agent can fire ten thousand queries a second. Run that workload on the old architecture and every Agent thought triggers an expensive full table scan — that is the real reason enterprise AI is failing to scale. What Singdata is rebuilding isn’t just the engine — it’s the paradigm: a data platform designed for Agents, not only for analysts.”

— Yu Sicheng, CEO, Singdata (Yunqi Tech)

This funding round will be fully invested in continued R&D of Singdata’s AI-native data platform, accelerating its trajectory to become the platform of choice for Data + AI infrastructure across Asia-Pacific, with Hong Kong serving as its strategic gateway to international markets.

About Singdata (Yunqi Tech)

Founded in 2022, Singdata is an enterprise AI-native data infrastructure company. Its proprietary AI Lakehouse, powered by Generic Incremental Compute (GIC), bridges the last mile between enterprise data and AI — already trusted by leading organizations across Asia-Pacific including Rednote, Kuaishou, Toyota, Volkswagen, and Ninja Van. Singdata is a core contributor to the Apache Iceberg open standard and is committed to becoming the leading Data + AI infrastructure platform for Asia-Pacific.

Technology

SpaceX perpetual futures become Binance’s No. 2 traded product; Binance captures over 60% market share across CEX and DEX venues

Published

17 minutes ago

June 13, 2026

Binance exceeded $5.6 billion in SPCXUSDT trading volume over last 24 hours, with over $9 billion in accumulated trading volume across SpaceX’s Pre-IPO and post-public listing

ABU DHABI, UAE, June 13, 2026 /PRNewswire/ — Binance has captured over 60% market share for SpaceX derivatives trading across centralized and decentralized exchanges, establishing itself as the leading liquidity venue for the product.

SpaceX perpetual futures (SPCXUSDT) are now Binance’s second–largest traded product, after Bitcoin perpetuals, reflecting strong global demand for exposure to major public–market events.

Binance also offers SpaceX stock and bStock tokenized securities, giving users greater portfolio diversification and hedging opportunities.

Key highlights

SpaceX perpetual futures became Binance’s No. 2 traded product, reflecting significant global demand for exposure to SpaceX’s public market debut.Binance captured >60% market share across CEX and DEX venues for SpaceX derivatives trading.Binance recorded over $5.6 billion in SPCXUSDT trading volume over the last 24 hours, as of June 13, 9:00 AM UTC (Coinglass, CoinMarketCap).Binance leads all CEX and DEX venues in SPCXUSDT Open Interest at $167.22 million (one-sided count).Binance recorded over $9 billion in accumulated SPCXUSDT trading volume across SpaceX’s Pre-IPO and post-public listing on Nasdaq.Binance successfully transitioned the Pre–IPO Perpetual into a standard TradFi Perpetual following SpaceX’s Nasdaq listing, with orderly price discovery anchored to publicly available valuation signals, share-count data, and market expectations.After SpaceX disclosed a higher share count in its S-1/A filing, Binance was the only exchange to successfully rebase its SpaceX Pre-IPO Perpetual contract to ensure users were not negatively impacted by dilution.

“SpaceX’s public listing was one of the most closely watched market events globally. SpaceX derivatives have become Binance’s second–largest traded product, capturing more than 60% market share across CEX and DEX venues, and demonstrating the appeal of our liquidity and product design,” said Shunyet Jan, Head of Spot and Derivatives Business at Binance.

“Our range of products — Pre–IPO futures, standard TradFi futures, stock trading, and tokenized securities — lets users access opportunities across different market lifecycles. This performance underlines our belief that better accessibility unlocks latent demand.”

Binance now offers over 7,000 stocks and ETFs for trading, alongside a broad range of digital assets, moving closer to its vision for a multi-asset financial super app that connects users to global market opportunities.

Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. TradFi Perps are subject to high market risk and price volatility (particularly outside traditional market hours). In respect of Pre-IPO Perps which are subject to transition to TradFi Perp, there may be particular price volatility following official listing of the Underlying Asset and the share price may not ever reach the Final IPO Price. You may be called upon at short notice to make additional margin deposits or interest payments. If the required margin deposits or interest payments are not made within the prescribed time, your collateral may be liquidated. Moreover, you will remain liable for any resulting deficit in your account and interest charged on your account. All of your margin balance may be liquidated in the event of adverse price movement. Past performance is not a reliable predictor of future performance. TradFi Perps do not represent ownership of the relevant underlying asset. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use, Exchange Rules, Clearing Rules, Exchange Procedures, Clearing Procedures, relevant Contract Specifications and Risk Warning.

About Binance

Binance is a leading global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume and registered users. Binance is trusted by more than 320 million people in 100+ countries for its industry-leading security, transparency, trading engine speed, protections for investors, and unmatched portfolio of digital asset products and offerings from trading and finance to education, research, social good, payments, institutional services, and Web3 features. Binance is devoted to building an inclusive crypto ecosystem to increase the freedom of money and financial access for people around the world with crypto as the fundamental means. For more information, visit: https://www.binance.com.

SOURCE Binance

Technology

LaVivid Hair Introduces Sports Hair Systems Collection for Men with Active Lifestyles

Published

17 minutes ago

June 13, 2026

LaVivid Hair launches a sports-focused hair systems collection designed for men who want breathable comfort, secure attachment, and natural-looking confidence during workouts, football season, summer activities, and everyday movement.

IRVINE, Calif., June 13, 2026 /PRNewswire-PRWeb/ — As global football excitement builds and more men return to sports, workouts, travel, and outdoor activities, LaVivid Hair has introduced its Sports Hair Systems Collection, a curated lineup of breathable, secure, and natural-looking hair systems designed for men with active lifestyles.

Men should not have to choose between looking natural and living actively. This collection was created for customers who want to work out, play sports, travel, and enjoy daily life with more confidence.

For many men experiencing hair loss, staying active can bring concerns that go beyond performance. They may wonder whether a hair system will stay secure during sweat, whether the hairline will remain natural during movement, or whether they can focus on a game, workout, or summer activity without checking their hair.

LaVivid Hair created the Sports Hair Systems Collection to help answer those concerns with practical product choices built around comfort, hold, realism, and easier maintenance.

The collection focuses on four active-wear priorities:

Breathable comfort: Lace and lace-center constructions help improve airflow during warm weather, workouts, and active days.

Secure attachment: Hybrid bases with skin or poly perimeters provide a stable bonding area for tape or glue, helping wearers feel more confident during movement.

Natural appearance: Lace fronts, graduated hairlines, and realistic density options help maintain a natural look from different angles.

Easy maintenance: Active lifestyles require simple bonding, cleaning, and regular upkeep, especially after sweat, heat, or long wear.

“Men should not have to choose between looking natural and living actively,” said a LaVivid Hair spokesperson. “This collection was created for customers who want to work out, play sports, travel, and enjoy daily life with more confidence.”

Top recommendations from the Sports Hair Systems Collection include Simois, Light Crius, Upgrade Ares, and Mars. Each system serves a different active-wear need, from breathable full lace comfort to hybrid lace-and-skin constructions that balance airflow with secure bonding.

Simois is designed for wearers who want a breathable lace center, a natural lace front hairline, and a skin perimeter for reliable attachment. Light Crius offers a lower-density look with French lace comfort and easy bonding, making it suitable for warm-weather wear and lighter active routines. Upgrade Ares combines a lace center with an ultra-thin skin front for wearers who want a natural front appearance with practical maintenance. Mars, a full lace option, is ideal for men who prioritize maximum breathability and lightweight comfort for light sports and summer activity.

For sports and active lifestyles, LaVivid Hair also recommends pairing the right base with dependable attachment products such as Ultra Hold Tape and Ultra Hold Glue. The right adhesive routine can help improve confidence during workouts, football matches, and daily movement.

The Sports Hair Systems Collection is now available at LaVivid Hair. Customers can explore the collection here:

https://www.lavividhair.com/collections/workout?utm_source=prweb&utm_medium=press-release&utm_campaign=prweb_260318&utm_id=prweb_260318&utm_content=sports_hair_systems_collection

To learn more about LaVivid men’s hair systems, visit:

https://www.lavividhair.com/?utm_source=prweb&utm_medium=press-release&utm_campaign=prweb_260318&utm_id=prweb_260318

About LaVivid Hair

LaVivid Hair provides hair replacement solutions for men around the world, offering natural-looking men’s hair systems designed for different lifestyles, preferences, and everyday needs. Through continuous product development and customer-focused innovation, LaVivid Hair helps wearers regain confidence with comfortable, realistic, and reliable hair systems.

Media Contact

Charlie Sue, LaVivid Hair, 1 833-879-0279, service@lavividhair.com, LaVivid Hair

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SOURCE LaVivid Hair

Technology

Hexaware Expands Presence in Gujarat with New Delivery Center at GIFT City

Published

1 hour ago

June 13, 2026

MUMBAI, India, LONDON and ISELIN, N.J., June 13, 2026 /PRNewswire/ — Hexaware Technologies [NSE: HEXT], a global provider of IT solutions and services, today opened a new delivery center at Gujarat International Finance Tec-City (GIFT City), India’s premier international financial services hub. The center, inaugurated by Shri Bhupendra Patel, Hon’ble Chief Minister of Gujarat, will serve Hexaware’s global banking, financial services, and insurance (BFSI) clients across digital solutions, artificial intelligence (AI), cloud transformation, data engineering, and next-gen software services.

Hexaware’s established presence in Ahmedabad and Gujarat provides the foundation for this investment. With the GIFT City center, the company is building a technology and innovation hub that serves financial institutions across global markets. The company aims to create approximately 1,000 high-skilled jobs over the next three years, covering software engineering, digital transformation, AI, cloud, data analytics, business operations, and customer experience services.

“The establishment of Hexaware’s delivery center at GIFT City is a strong endorsement of Gujarat’s position as a globally competitive destination for financial services and technology. This is the kind of high-value investment the state has been building toward, and we are pleased to welcome Hexaware to this ecosystem,” said Chief Minister Bhupendra Patel.

“GIFT City represents a unique convergence of financial services, technology, and innovation. Our expansion into GIFT City aligns with our strategy of being closer to our customers while leveraging India’s exceptional talent ecosystem. We’re excited to contribute to the growth of Gujarat’s technology landscape and create meaningful career opportunities for skilled professionals,” said R. Srikrishna, CEO & Executive Director, Hexaware.

“GIFT City presents a compelling proposition for a company of Hexaware’s focus and scale. The financial services landscape, the quality of talent, and the policy framework the state government has put in place made this a clear decision for us,” said Vikash Kumar Jain, Chief Financial Officer, Hexaware.

The GIFT City center adds to Hexaware’s growing delivery footprint in India, supporting the company’s work with BFSI clients across global markets.

About Hexaware

Hexaware is a global technology and business process services company. Every day, Hexawarians wake up with a singular purpose: to create smiles through great people and technology. With offices across the world, we empower enterprises worldwide to realize digital transformation at scale and speed by partnering with them to build, transform, run, and optimize their technology and business processes. Learn more about Hexaware at https://hexaware.com.

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