Culture
Temasek-backed Xora Innovation leads US$36 million Series A funding in Vinci
[SINGAPORE] Vinci, the brain behind a physics-driven artificial intelligence (AI) platform for hardware design and simulation, raised US$46 million in seed and Series A funding, it said on Tuesday...
OpenAI declares ChatGPT ‘code red’ over stiff competition: report
CEO Altman says resources must be devoted to fending off the new competition to its chatbot[WASHINGTON] OpenAI CEO Sam Altman has declared a company-wide “code red” as its ChatGPT...
Wall Street opens higher as markets mull Fed’s next step
[NEW YORK] US stocks opened higher on Tuesday (Dec 2), steadying after Wall Street’s first pullback in more than a week in the previous session, on growing bets of...
Nomura CEO sees big growth phase in wealth and asset management
[TOKYO/YOKOHAMA] Nomura’s chief executive officer vowed to build on the company’s earnings revival by strengthening businesses across the board, ranging from wealth to asset management and dealmaking. “I believe we...
India investigates Air India after plane flown repeatedly without safety certificate
[NEW DELHI] India’s aviation regulator said on Tuesday (Dec 2) it was investigating Air India after the airline operated an Airbus A320 aircraft eight times without a valid airworthiness...
Buying the S&P 500 is an active bet on AI: BlackRock Investment Institute
The unprecedented artificial intelligence boom is catalysing a mega structural change that impacts investing, it says[SINGAPORE] Just buying the S&P 500 is no longer a passive bet on US equities,...
Taiwan charges Tokyo Electron’s Taiwan unit in TSMC trade secrets case
[TAIPEI] Taiwan prosecutors said on Tuesday (Dec 2) they had charged Tokyo Electron’s Taiwan unit with violating the National Security Act and the Trade Secrets Act after a former...
STI up 0.3% on Tuesday, amid mixed showing by Singapore shares
Across the broader market, there are 288 gainers and 236 decliners, with 1.3 billion securities valued at about S$1.3 billion transacted[SINGAPORE] Singapore shares had a mixed showing on Tuesday...
Analysts raise CIMB target price on ‘surprise’ capital return initiative
The bank announces it will be returning up to RM2 billion of capital to shareholders by end-2027[SINGAPORE] Analysts are maintaining their bullish stance on Malaysian bank CIMB Group Holdings...
Trump administration backs Bayer’s bid to curb Roundup lawsuits
The company is facing more than 67,000 such lawsuits in US state and federal courts[WASHINGTON] US President Donald Trump’s administration urged the Supreme Court on Monday (Dec 1) to...
