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Aug 15
2 min

Singapore Sets Sights on Quantum Computing Future

At the recent IBM Think Singapore event, Minister for Digital Development and Information of Singapore, Josephine Teo outlined...

Aug 15
2 min

Cisco Anticipates Surge in Equipment Demand, Implements 7% Global Workforce Reduction

Cisco experiences a rebound in equipment demand and initiates a 7% global workforce reduction. The company aims to focus on growth areas lik

Aug 14
2 min

DBS Partners with Ant International to Launch Treasury Tokens for Cross-Border Liquidity Management

DBS and Ant International collaborate on a treasury token pilot project for cross-border liquidity management. The DBS treasury token aims

Aug 14
2 min

Global Electric Vehicle Sales Surge by 21% in July with China Leading the Way

Global electric vehicle sales surged by 21% in July, driven by strong growth in China. European EV sales declined by 7.8% in July, while the

Aug 14
2 min

Shopee-owner Sea Indicates Strong Online Shopping Momentum with Revenue Exceeding Expectations

Sea Ltd surpasses revenue estimates for Q2. Shopee's GMV expected to grow by mid-20% this year. E-commerce revenue up by 34% to US$2.8 billi

Aug 13
2 min

Guangdong's AI industry hits US$25 billion as it competes with Beijing and Shanghai

Guangdong's AI industry reaches 180 billion yuan in 2023. Shenzhen contributes 44% of the province's AI industry valuation.

Aug 13
2 min

Xiaomi's Expansion in Latin America, Japan, and India Amidst Fierce Smartphone Competition in China

Xiaomi secures the second-largest smartphone brand position in Latin America with a 19% market share. In Japan, Xiaomi becomes the third-lar

Aug 13
1 min

Alibaba's AI Model Qwen2-Math Surpasses Competitors in Mathematics

Alibaba introduces Qwen2-Math, an open-source AI model. Qwen2-Math achieves 84% accuracy in algebra and geometry problem-solving.

Aug 12
2 min

China Embraces Low-Altitude Innovation: Cargo Drones and Air Taxis Take Flight

China conducts test flights for massive cargo drones and helicopter taxi services. Aviation Industry Corp of China (AVIC) leads the way with

Aug 8
2 min

Indonesia Unveils China-Built Anode Plant for Electric Vehicle Batteries

Indonesia inaugurates a new anode plant for EV batteries built by China's BTR New Material Group and Singapore's Stellar Investment.

Aug 8
2 min

Sony Reports 10% Increase in Profits Driven by Image Sensors and Games

Sony reports a 10% rise in operating profit for the April-June quarter. Profits in the image sensors business nearly tripled, driven by fore

Aug 7
2 min

Chinese Companies Stockpile Samsung Chips Amid Anticipated US Export Restrictions

Chinese tech giants and startups are stockpiling Samsung's HBM chips in anticipation of potential U.S. export restrictions.

Aug 6
2 min

Financial Turbulence Hits Global Markets

As the financial markets navigate through this period of uncertainty, experts recommend a cautious approach and emphasize the importance of

Aug 5
2 min

Nvidia's New China-Ready GPUs Face Uncertainty Amid Chip Restrictions

Nvidia faces uncertainty over B20 chip delivery amidst potential chip restrictions. The company has encountered challenges due to US sanctio

Aug 2
2 min

Donald Trump's Offer to Chinese Carmakers Could Accelerate US Shift to Electric Vehicles

Trump extends invitation to Chinese carmakers to establish factories in the US. Shift in Trump's stance on EVs, recognising Chinese

Aug 1
2 min

Alibaba to Introduce AI-Powered Sourcing Engine to Enhance Online Trade for Global Merchants

Alibaba to deploy AI-powered sourcing engine for global merchants. Introduction of AI-driven tool to streamline B2B e-commerce.

Aug 1
2 min

Amazon to Ramp Up AI Investments Amid Big Tech's Spending Surge

Amazon's capital spending on AI set to surge by 43% in the second quarter. Competition intensifies between Amazon's AWS and Microsoft's Azur

Aug 1
2 min

China Closes AI Gap with US Amid Chip Restrictions

China narrowing AI gap with US through rapid AI application deployment. Chinese tech firms developing own LLMs despite chip restrictions.

Aug 1
2 min

Microsoft's Cloud Business Boosts Quarterly Profits by 10%

Microsoft reports a 10% rise in quarterly profits, with a profit of US$22 billion. Revenue for the April-June period reaches US$64.7 billion

Jul 31
2 min

AMD Boosts AI Chip Revenue Forecast and Expects Tight Supplies

AMD raises its 2024 AI chip revenue forecast by US$500 million. Tight supplies of AI chips expected until 2025.

Jul 31
2 min

Microsoft's Stock Declines While Chipmakers Surge Amid AI Market Shift

Microsoft's disappointing quarterly results lead to a $340 billion decline in stock market value. Chipmakers like Nvidia and AMD experience

Jul 31
3 min

Singapore Ranks 3rd in Global AI Index, behind US and China

Singapore has secured an impressive 3rd position in the Global AI Index, closely trailing behind the United States and China. As per a...

Jul 30
2 min

Xiaomi Expands EV Production with $116 Million Beijing Site Acquisition

Xiaomi purchases a 53-hectare site in Beijing for $116 million to expand EV production. The company aims to achieve its sales goal of 100,00

Jul 30
2 min

US Stock Turbulence Puts Big Tech Valuations in the Spotlight

US stock market turbulence highlights tech companies' valuations. S&P 500 tech sector trading at 29.5 times earnings estimates.