The S&P 500 and Nasdaq opened higher on Wednesday (Aug 12) after largely in-line inflation data and upbeat earnings from AI infrastructure companies. The Dow Jones Industrial Average rose 5.6 points, …
Global data centre insurance premiums are projected to exceed US$24 billion by 2030, up from about US$11 billion today, according to a report by Allianz Commercial. Fire caused nearly 60% of €677 mill…
Tencent Holdings reported an 11% rise in second-quarter revenue to 204.8 billion yuan ($30.36 billion), driven by AI-enhanced advertising and steady gaming income, but net profit rose only 0.7% to 56 …
Bank of America announced on Wednesday (Aug 12) a US$250 billion initiative to deploy capital through July 2027, aiming to support U.S. digital and infrastructure projects, bolster economic growth, an…
Taiwan's Foxconn, the world's largest contract electronics maker, reported a 35% rise in second-quarter net profit to NT$59.97 billion (US$1.86 billion), beating analyst estimates, driven by strong de…
South Korean chipmakers Samsung Electronics and SK Hynix shares rallied more than 8% after a local media report that Singapore's Temasek plans to invest directly in the two firms, boosting optimism af…
Super Micro Computer forecast fiscal first-quarter revenue of US$14.5 billion to US$15.5 billion, topping the highest analyst estimate of US$13.3 billion, as demand for AI servers surges. The San Jose…
Singapore's Urban Redevelopment Authority (URA) has proposed amendments to unify land parcels at Ayer Rajah Crescent under a single business park zoning with a gross plot ratio (GPR) of 2.5, as part o…
Asian stocks rose on Wednesday, led by technology shares, as strong earnings from AI-related companies lured investors back into the trade; the Kospi Index rallied 4.6% with Samsung Electronics and SK…
Jane Street is repaying US$5.5 billion of floating-rate loans and refinancing US$5.6 billion of bonds with US$14.6 billion of new senior-secured notes maturing in 2031, 2033, and 2036, as part of an o…
Ambiq Micro reported a second-quarter net loss of US$7.1 million, narrowing from US$8.5 million a year earlier, as revenue surged 89.7% on demand for its edge AI chips. The fabless semiconductor compa…
CoreWeave, an AI cloud company backed by Nvidia, raised its 2026 capital expenditure forecast to between $35 billion and $39 billion after beating second-quarter estimates, with revenue more than doub…
Aggregate Asset Management's Aggregate Value Fund uses a machine learning-based stock selection engine to pick stocks, evaluating more than 150 indicators across technical analysis, company fundamenta…
Private-sector economists have raised their full-year growth forecast for Singapore after the official forecast was raised to 4.5-5.5 per cent from 2-4 per cent, with at least one bank's revised forec…
Reserve Bank of India Governor Sanjay Malhotra urged lenders on Tuesday (Aug 11) to accelerate AI adoption by investing in technology and upskilling workers, while warning that AI use entails risks su…
A Ministry of Trade and Industry (MTI) report released on Tuesday (Aug 11) found that businesses in Singapore saw revenue increase by 16% and employment rise by 8% one year after adopting AI, though p…
Sam Altman, CEO of OpenAI, speculated in November 2025 that OpenAI could become the first big company run by an AI CEO, though he acknowledged workers may resist an AI leader with hiring and firing po…
Anthropic has struck a US$9.1 billion deal with Riot Platforms, a Bitcoin mining company, to secure 191 megawatts of computing capacity from its Rockdale, Texas, campus over a 20-year term. The agreem…
Unitree Robotics' Shanghai IPO was 5,526 times subscribed by retail buyers, with individual investors submitting 9.8 million orders, according to an exchange filing on Monday. The Hangzhou-based compa…
Anthropic has formed a strategic partnership with Macquarie Asset Management and Singaporean wealth fund GIC to build data centres for its Claude AI models, creating a new entity called Theseus Infras…