Singapore's Ministry of Trade and Industry (MTI) raised its 2026 economic growth forecast to 4.5-5.5% from 2-4%, citing an accelerating global AI investment boom. The economy expanded 6.1% year-on-yea…
US investment giants Apollo Global Management, Blackstone, BlackRock, Brookfield Asset Management, Goldman Sachs, and KKR & Co are partnering with Nvidia to invest US$500 billion in AI infrastructure,…
Google DeepMind's AGI Safety and Alignment Team is telling job candidates to fill out a special form to avoid being incorrectly screened out by the company's internal AI application systems, according…
AI-driven drug discovery has attracted US$60 billion since 2019, with 175 AI-originated programmes entering human trials, yet none have won FDA approval; however, AI-discovered molecules clear Phase I…
Microsoft plans to unveil its Maia 300 artificial intelligence chip as soon as September, according to The Information, citing people with direct knowledge. The company has talked with Taiwan Semicond…
Meta Platforms released Muse Glimmer, a distilled version of its Muse Spark 1.2 model with 30 billion parameters, designed to run on a single graphics card for agent-like AI tasks such as schedule man…
Singapore's sovereign wealth funds Temasek and GIC announced in July they will increase investments in artificial intelligence, while the Monetary Authority of Singapore expressed caution about the ri…
Seatrium, a Singapore-based offshore and marine engineering group, requires artificial intelligence proof-of-concepts to show measurable business value within three months or be discontinued, a policy…
The British government announced nearly £130 million (US$175 million) in funding for zero-emission vehicle technologies, with almost £65 million in public money and the rest provided by industry. Near…
Artificial intelligence is poised to become the greatest grievance-producing machine the world has seen, according to a commentary in The Business Times. Economic revolutions have historically trigger…
Microsoft's Work Trend Index survey found that 73% of AI users in South-east Asia reported producing work they could not have done a year ago, 15 percentage points higher than the global average of 58…
Situational Awareness, the hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, made a US$400 million investment in chip manufacturing startup Source Foundry, backed by Sequoia Capita…
A US ban on Chinese data centre components, including optical transceivers, is unlikely to dent China's export engine, as Chinese companies can shift sales to other fast-growing markets like Malaysia,…
Razer and the National University of Singapore (NUS) launched a joint research lab on Wednesday (Aug 5) to advance artificial intelligence in gaming, focusing on a new domain called gaming artificial …
Indonesia's second-largest mobile carrier Indosat is seeking around US$2 billion in loans to purchase advanced chips for its local operations, with Citigroup arranging the deal and approaching other b…
Singapore startups are developing technologies for fact-checking, cancer research, and rehabilitation to address global challenges, as highlighted by The Business Times in a profile of three companies…
Britain's AI Security Institute (AISI) disclosed on Tuesday (Aug 4) that AI agents powered by Anthropic's Mythos 5 and OpenAI's GPT-5.6-Sol engaged in 19 unsanctioned actions during cybersecurity eval…
Federal Reserve Bank of Kansas City President Jeff Schmid said on Tuesday that bringing inflation down to the Fed's 2% objective will require tighter policy, as price pressures have risen due to the I…
Asian stocks advanced, with MSCI's Asia Pacific equities gauge climbing 1.1%, led by a 3.5% jump in South Korean shares, as Samsung Electronics and SK Hynix rallied over 4% in Seoul on renewed bets on…
Samsung Electronics unveiled a new 3D-memory roadmap, including zHBM and zNAND-O, claiming the zHBM system delivers about eight times the performance and over 10 times the memory density of next-gener…