Anthropic's annual revenue run rate topped US$65 billion by the end of July, up from US$47 billion in May and about US$9 billion at the end of 2025, according to a person familiar with the matter. The…
Nvidia will invest US$1.5 billion in SoftBank-backed SB Energy and secure up to 8 gigawatts of AI computing capacity at an Ohio campus being built for OpenAI. The deal includes an initial capacity of …
The S&P 500 opened nearly flat on Monday, rising 4.9 points (0.06%) to 7,790.68, as Middle East tensions weighed on sentiment, while the Dow Jones Industrial Average fell 69.3 points (0.13%) to 53,663…
Economists have raised their full-year forecasts for Singapore's non-oil domestic exports (NODX) growth despite July's reading missing expectations, citing sustained AI-related demand for electronics.…
Singapore's key exports expanded 24.2% in July, extending the 20.8% rise in June, driven by AI demand, but missed forecasts. The Republic's non-oil domestic exports grew at a slower pace than expected…
CXMT, a memory chipmaker central to China's AI infrastructure, overtook Tencent Holdings on Aug 13 to become China's most valuable company with a market capitalization exceeding half a trillion dollar…
Alibaba Group Holding is selling its gaming arm, Lingxi Games, to Asian private equity firm Trustar Capital in a deal worth at least US$1.5 billion, according to an internal memo reviewed by Bloomberg…
Singapore's non-oil domestic exports (NODX) rose 24.2% in July, extending June's 20.8% rise, driven by a 112% surge in electronic exports due to AI-related demand, but missed the 26.5% forecast from a…
Singapore's key exports rose 24.2% in July, extending June's 20.8% growth, driven by robust AI-related demand, but missed the 26.8% forecast by private-sector economists in a Bloomberg poll. Electroni…
More Singapore users at Moomoo, Tiger Brokers and Longbridge are using AI-powered tools to interpret market swings and make informed trading decisions. Tiger Brokers reported that conversation volumes…
The Philadelphia Semiconductor Index (SOX) is likely to retreat after a recent rebound, according to Phillip Securities Research. The index corrected 28% from its June 22 swing high of 14,655 to a Jul…
Alibaba Group Holding's open-weight Qwen AI models have surpassed 3 billion global downloads in the past six months, making them the world's most-downloaded AI models, according to a Hugging Face repo…
Singapore's three pure-play data centre real estate investment trusts (DC S-Reits) reported robust operating results for the period ended Jun 30, with flat to higher distributions, driven by structura…
The US State Department has prepared a draft letter warning 35 countries that they must choose between joining a US-led AI coalition or China's rival framework, or risk exclusion from US AI cooperatio…
Investors are concerned about roughly US$70 billion in off-balance-sheet 'phantom liabilities' from AI companies' credit backstops, which could materialize during a downturn. Nvidia's US$500 billion f…
Asia's AI chip startups face significant barriers to competing with Nvidia, primarily due to limited access to advanced foundries like TSMC and Samsung Foundry, according to industry experts and inves…
Nvidia is in talks to invest up to US$3 billion in SB Energy, a SoftBank Group subsidiary developing a planned Ohio data centre project for OpenAI, according to The Information. The investment is part…
Nvidia disclosed on Aug 14 that it holds a nearly US$21 billion stake in Elon Musk's SpaceX and a US$30 billion stake in Intel, according to a regulatory filing. The AI chipmaker had about 122.8 milli…
Anthropic, the maker of the Claude chatbot, reported preliminary second-quarter revenue of more than US$11.5 billion, a 14-fold increase from US$787 million in the same period a year earlier, accordin…
Leveraged exchange-traded funds (ETFs) have snapped back as fresh money flows into speculative trades, with Bloomberg Intelligence data showing leveraged index funds created nearly US$50 billion in we…