Snap Inc. beat second-quarter revenue estimates on Monday (Aug 4), with revenue jumping about 19% to US$1.6 billion, driven by increased advertising spending during the FIFA World Cup and stronger cam…
Singapore's Purchasing Managers' Index (PMI) edged up 0.1 point to 51.4 in July, marking 12 straight months of expansion, according to data from the Singapore Institute of Purchasing and Materials Man…
A PwC survey of more than 1,000 US financial services executives found that 86% believe AI training is more valuable than an MBA for many new hires, and 91% are increasing compensation for employees w…
Alibaba Group Holding released its latest flagship AI model, Qwen3.8-Max, with performance claims rivaling Anthropic's Fable, and plans to release its weights for public download in the week starting …
British hiring fell in the first six months of 2026, with job postings 32% lower than before the Covid-19 pandemic, according to recruitment platform Indeed, which also reported that demand for AI ski…
Japan's manufacturing output expanded in July at its fastest pace in more than 12 years, with the S&P Global Japan Manufacturing PMI at 54.5, marking the seventh consecutive month of expansion. New or…
Monetary Authority of Singapore (MAS) managing director Chia Der Jiun flagged the artificial intelligence investment boom as a massive, looming uncertainty for global financial stability during his sp…
ChangXin Memory Technologies (CXMT), China's top memory chipmaker, raised 57.92 billion yuan (S$11 billion) in its Jul 27 Shanghai IPO, boosting its market valuation to 3.65 trillion yuan and making i…
Citadel founder Ken Griffin stepped in to rescue California hedge fund Situational Awareness after its portfolio lost 67% of its value in July amid an AI stock sell-off, forcing it to unwind most of i…
Wall Street ended higher on Friday, July 31, as Amazon.com surged over 15% after posting its biggest quarterly revenue growth in over four years, soothing investor concerns about AI-related spending, …
Wall Street ended higher on the back of a strong chip stock rally after Microsoft's upbeat earnings reinforced confidence in the AI story, while Meta tumbled after reporting a major decline in free ca…
Singapore's Singapore Institute of Directors (SID) launched the AI Guide for Boards in Singapore on Friday (Jul 31) at its inaugural SID Digital & Tech Forum, aiming to elevate fiduciary literacy of b…
Singapore's Economic Development Board reported that a net weighted balance of 12% of manufacturers expect improved conditions in the July-to-December period, down 5 percentage points from the previou…
Funding for consumer startups in Southeast Asia has plummeted from US$6 billion in 2022 to US$580 million in the first half of 2026, as investors redirect capital to AI and adjacent sectors, according…
Samsung Electronics and SK Hynix, whose revenues make up 80% of the global memory sector, generated a combined operating profit of 150 trillion won (US$104 billion) in the June quarter, driven by AI d…
Leopold Aschenbrenner's AI-focused hedge fund Situational Awareness sold a chunk of its AI-related public equities on Thursday (Jul 30) and saw its assets slump sharply, after a selloff in AI stocks f…
DBS Group COO Derrick Goh is leading the bank's AI strategy, which recently rolled out an agentic AI assistant named DBS Joy to all corporate clients in Singapore, with plans to expand to Hong Kong an…
Citadel, the hedge fund led by Ken Griffin with about US$71 billion in assets under management, has agreed to buy most of the stock portfolio of Situational Awareness, an AI-focused hedge fund run by …
Singapore chip stocks AEM and UMS Integration led a tech surge on Friday (Jul 31) as confidence returned to the artificial intelligence trade, with AEM rising as much as 12.5% to S$8.52 and UMS adding…
South Korea plans to inject 20 trillion won (US$13.9 billion) into its sovereign wealth fund, the Korea Investment Corporation, for strategic investments in artificial intelligence, data centers and i…