News
Google and Meta used to champion DEI efforts. Why Big Tech is pulling back
More than a decade ago, outcries about the lack of diversity in the tech industry reverberated across major Silicon Valley companies from Facebook to Google.Women and minorities spoke out...
Meta plans major investment into AI-powered humanoid robots
META Platforms, after pushing into augmented reality and artificial intelligence (AI), has identified its next big bet: AI-powered humanoid robots.The company is making a significant investment into the category...
Apple’s long-promised AI overhaul for Siri runs into bugs, possible delays
APPLE’s long-promised overhaul for the Siri digital assistant is facing engineering problems and software bugs, threatening to postpone or limit its release, according to sources with knowledge of the...
Trump’s Washington is opening its doors to eager fintechs
AFTER struggling to win much sway in a Biden-era Washington, some of the biggest fintech firms are now getting a lot more facetime on Capitol Hill. Groups that lobby...
US Steel, Nippon Steel were blindsided by Trump investment talk
US PRESIDENT Donald Trump’s comments last week that Nippon Steel would invest in United States Steel instead of pursuing a takeover surprised shareholders. It turns out that his words...
Family offices bet on Nvidia before US$589 billion DeepSeek rout
INVESTMENT firms for the world’s ultra-rich boosted their Nvidia Corp. allocations ahead of the DeepSeek-driven selloff.Family offices for Sweden’s Rausing dynasty, US hedge fund billionaire David Tepper and Silicon...
OpenAI’s board rejects bid from Elon Musk-led group
The feud between Elon Musk and rival Sam Altman took a new turn on Friday when OpenAI’s board rejected a $97.4-billion offer by an investment consortium led by the...
Lower inflation wouldn’t assure rate cuts, Fed’s Lorie Logan says
US FEDERAL Reserve Bank of Dallas president Lorie Logan urged policymakers to remain cautious in the coming months, reiterating lower inflation would not necessarily prompt further interest-rate reductions.“Even if...
Oil settles lower, supply worries ease on hopes for Ukraine peace deal
OIL prices settled down on Friday (Feb 14) on prospects for a peace deal between Russia and Ukraine that could ease global supply disruptions by ending sanctions against Moscow,...
Nvidia cuts stake in Arm Holdings, discloses position in China’s WeRide
NVIDIA reduced its stake in British chip firm Arm Holdings by about 44 per cent and exited its holdings in Serve Robotics and SoundHound AI in the fourth quarter,...
Singapore video game company’s Nasdaq listing values it at US$1.2 billion
Grand Centrex Limited (GCL) aims to eventually build a sizeable game studio in Singapore, capable of producing blockbustersVIDEO game distributor and publisher Grand Centrex Limited (GCL) has come a...
MAS review group incentives could pull in regional biotech, fintech players: observers
High-growth companies in the technology, healthcare and sustainability-linked industries are potential entrants, tooMARKET watchers believe tax incentives proposed by the Monetary Authority of Singapore’s (MAS) equities market review group...