Meta Platforms gave a disappointing revenue forecast of US$61 billion to US$64 billion for the third quarter, with the mid line below the average analyst estimate of US$63.2 billion, intensifying inve…
Wall Street closed sharply lower on Wednesday after the Federal Reserve held interest rates steady, with the Nasdaq 100 index dropping 2.1% and marking an 11% decline from its June record high as inve…
The Trump administration on Tuesday banned imports of new Chinese humanoid and quadruped robots and connected power inverters, citing national security risks to the US artificial intelligence supply c…
Blackstone-owned data centre firm AirTrunk secured a US$2.3 billion green loan from 30 lenders for its JHB2 hyperscale data centre in Johor, Malaysia, its largest single-asset financing to date. The l…
Singapore-based startup Antomation has developed an AI-powered automated baggage loading system called Cargo Cobra that aims to speed up the job by 20% and eliminate the need for human baggage handler…
OCBC will use an agentic AI platform called Helios to cut wealth client onboarding time to 15 business days, down from the current industry median of about six weeks. The platform, built by the bank's…
Asian stocks sank on Wednesday, extending a sell-off as anxiety about artificial intelligence valuations and spending returns rattled investors ahead of big tech earnings and a US Federal Reserve poli…
Asian stocks slid on Wednesday, extending a brutal sell-off as anxiety about artificial intelligence valuations, rising competition, and spending rocked markets ahead of crucial earnings from big tech…
SK Hynix reported a record operating profit of 60.5 trillion won for Q2 2024, a more than sixfold increase from 9.2 trillion won a year earlier, driven by AI chip demand, but missed the LSEG SmartEsti…
Sovereign AI has become the second-highest investment priority for Asia-Pacific governments in 2025, up from seventh in 2024, according to International Data Corporation (IDC). The rapid shift reflect…
The S&P 500 rose 0.21% to 7,428.78 on Tuesday as gains in Boeing and Coca-Cola offset tumbling chip stocks ahead of quarterly reports from Apple and other tech companies, with investors concerned abou…
The Nasdaq Composite fell 107.0 points, or 0.43%, to 24,825.072 at the open on Tuesday as AI worries mounted ahead of pivotal earnings, with concerns about hefty corporate spending and rising Chinese …
Brookfield expects India to add 6 GW in data centre capacity for AI inference over the next five years, betting on growth in the sector alongside renewable energy solutions while mitigating curtailmen…
DBS rolled out an agentic artificial intelligence assistant to 350,000 corporate clients in Singapore, including small and medium-sized enterprises, on Tuesday (Jul 28). The move makes DBS one of the …
The sustainability of the artificial intelligence investment boom has become a key risk to global growth and financial stability, said Chia Der Jiun, managing director of the Monetary Authority of Sin…
DBS on Tuesday rolled out an agentic artificial intelligence assistant to 350,000 corporate clients in Singapore, including small and medium-sized enterprises, through its DBS Joy virtual assistant. T…
Anthropic CEO Dario Amodei said his company would need to reach US$1 trillion in annual revenue within a few years to justify its AI spending, highlighting a gap between current cash outflows and futu…
Chinese startup Moonshot AI released its Kimi K3 model, which is widely acknowledged as capable of competing with leading models from Anthropic and OpenAI, triggering a sell-off in technology stocks. …
Japan's Nikkei share average fell 3.95% to 62,364.92 on Tuesday, its lowest close since May 21, as chip-related stocks followed US peers lower ahead of big tech earnings. The broader Topix fell 2.52% …
Banks in Singapore, including DBS, OCBC and UOB, are deploying agentic AI systems that can autonomously plan and execute complex tasks across wealth advisory, client onboarding, KYC, compliance and op…