Elon Musk’s xAI Raises $20B Amid Backlash Over Grok AI Deepfakes

Elon Musk’s xAI Raises B Amid Backlash Over Grok AI Deepfakes

Elon Musk‘s xAI has raised $20B in its latest funding around, amid backlash over chatbot Grok creating sexualized imagery of women and children. The company said the Series F funding round had exceeded a $15B target, with investors including Valor Equity Partners, Stepstone Group, Fidelity Management & Research Company, Qatar Investment Authority, MGX and Baron…

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China targets online commerce battles in latest regulatory salvo

China targets online commerce battles in latest regulatory salvo

[BEIJING] China unveiled broad regulations on Wednesday (Jan 7) that ban major platforms such as Alibaba Group Holding from coercing online merchants into promotions, one of a raft of new measures intended to cool rapidly intensifying e-commerce competition. The guidelines take effect February and follow a series of notices from Beijing warning Alibaba and rivals…

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‘The Rookie’ Creator Talks Premiere’s Chenford Milestone & Monica Return, Teases “Relationship-Forward” S8 That May Be Series’ “Biggest Ever”

‘The Rookie’ Creator Talks Premiere’s Chenford Milestone & Monica Return, Teases “Relationship-Forward” S8 That May Be Series’ “Biggest Ever”

SPOILER ALERT: The story includes details about the Season 8 premiere of The Rookie. ABC’s The Rookie kicked off its eighth season with Nolan (Nathan Fillion) and Bailey (Jenna Dewan) getting an impromptu second honeymoon in Prague as they were assigned to babysit the scheming former lawyer Monica (Bridget Regan) who is now cooperating with…

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Berkshire Hathaway raises new CEO Abel’s salary to US$25 million

Berkshire Hathaway raises new CEO Abel’s salary to US million

[NEW YORK] Berkshire Hathaway said on Tuesday (Jan 6) it raised the salary of new chief executive Greg Abel to US$25 million, far exceeding the US$100,000 annual salary that his predecessor Warren Buffett accepted for more than four decades. Abel, 63, became chief executive on Jan 1, after spending eight years as vice-chairman overseeing Berkshire’s…

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Europe’s Together Fund Supports Management Buyout of ‘Sound Of Metal’ Production House Caviar With First Investment

Europe’s Together Fund Supports Management Buyout of ‘Sound Of Metal’ Production House Caviar With First Investment

Paris-based Together Fund, which was launched last year with a mission to support Europe’s independent film and TV production sector, has chosen Belgium’s biggest production house Caviar for its first investment.  Under the operation, the equity fund has supported a management buyout, set in motion by majority shareholder Belgian telecommunications group Telenet’s decision to sell…

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Major Chinese ports handle record throughput in 2025 amid US tariffs

Major Chinese ports handle record throughput in 2025 amid US tariffs

[SINGAPORE] Major Chinese ports reported record-high container throughput in 2025, shrugging off tariffs imposed by the United States. Ningbo-Zhoushan port’s container throughput came in at over 43 million 20-foot-equivalent units (TEUs) last year, it said on Tuesday (Jan 6). TEU is a standard measure for container movements. Decoding Asia newsletter: your guide to navigating Asia…

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Ocean Network Express, MTI form JV to advance shipping industry’s digital transformation

Ocean Network Express, MTI form JV to advance shipping industry’s digital transformation

It aims to promote the digital transformation of operations and business models using artificial intelligence [SINGAPORE] Singapore-based shipping line Ocean Network Express (ONE) and MTI have set up a joint venture (JV), Quaveo, to promote digital transformation in the container shipping industry. Established in Ho Chi Minh City, Quaveo aims to advance the digital transformation…

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Lenovo expands AI lineup with Nvidia tie-up, Qira platform

Lenovo expands AI lineup with Nvidia tie-up, Qira platform

CHINA’S Lenovo, the world’s largest personal computer maker, on Tuesday said it has teamed up with US AI chip leader Nvidia to help AI cloud providers quickly put data centres into operation, as it strives to establish itself in AI. The technology company, which also makes servers, made the announcement at the Consumer Electronics Show…

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Budget 2026: KPMG, SID propose AI training fund for board directors, new work pass category for global ‘master trainers’

Budget 2026: KPMG, SID propose AI training fund for board directors, new work pass category for global ‘master trainers’

Other recommendations include industry-specific job transformation maps and a digital platform harmonising FTAs [SINGAPORE] Establishing a fund for artificial intelligence (AI) governance training for board directors and introducing a dedicated work pass category for “master trainers”, are among some recommendations proposed by KPMG in Singapore and the Singapore Institute of Directors (SID) in a joint…

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