Warner Music settles with AI firm Udio, plans joint platform
Warner Music Group has settled a copyright infringement case with artificial intelligence company Udio and will jointly launch a new platform for AI song creation, the companies said on Wednesday.Warner's deal follows a similar settlement last month between rival Universal Music Group and Udio, ...
Adobe, Qualcomm partner with Humain on generative AI for Middle East
SAN FRANCISCO :Adobe and Qualcomm said on Wednesday they are partnering with Humain, the artificial intelligence firm backed by Saudi Arabia's sovereign wealth fund, to help the AI company develop tools for generating content in Arabic and for the broader Middle East.The deal is one of several ...
AI music company Suno valued at $2.45 billion in latest funding round
Suno said on Wednesday it has raised $250 million in a funding round led by Menlo Ventures, valuing the artificial intelligence music company at $2.45 billion, as it aims to develop more sophisticated tools for song creation.The Massachusetts-based company allows users to generate songs via AI promp ...
AI-powered robot dances for Putin days after another Russian robot stumbles
MOSCOW :An AI-powered robot danced for President Vladimir Putin on Wednesday at an exhibition put on by Sberbank, Russia's largest bank, designed to showcase the company technological advances.The performance, which was shown on state TV, showed the Kremlin chief standing opposite the humanoid ...
Exclusive-AMD, Cisco and Saudi's Humain launch AI joint venture, land first major customer
SAN FRANCISCO :Advanced Micro Devices, Cisco Systems and Saudi Arabian artificial intelligence startup Humain are forming a joint venture to build data centers in the Middle East and have landed their first customer, CEOs at the three companies told Reuters in an interview on Tuesday.The yet-to-be-n ...
US stocks rise, Treasury yields inch higher ahead of Nvidia earnings, jobs data
NEW YORK :Wall Street stocks rose on Wednesday, clawing back some ground lost during the recent selloff as investors positioned themselves ahead of Nvidia's much-anticipated quarterly results and crucial employment data that had been unavailable during the longest-ever U.S. government shutdown. ...
Christian tech platform Gloo fetches $586 million valuation in Nasdaq debut
Christian-focused tech platform Gloo was valued at $586 million as its shares opened flat in their Nasdaq debut on Wednesday, adding to a string of lukewarm listings in recent weeks.The Boulder, Colorado-based company's stock opened at $8.05 a share, compared with the $8 IPO price. Gloo raised ...
SGX to reduce board lot size for securities above S$10
Goh Ruoxue - The move is among new measures proposed by the MAS Equities Market Review Group
Schneider Electric seals $2.3 billion in US data centre deals to power AI boom
Schneider Electric said on Wednesday it had signed new deals worth almost $2.3 billion with two U.S. data centre operators, as surging adoption of artificial intelligence boosts infrastructure demand.At an industry event in Las Vegas, the French industrial group announced a $1.9 billion partnership ...
Blockfusion to list in New York via $450 million SPAC deal
Data center operator Blockfusion said on Wednesday it would list in the United States through a merger with blank-check firm Blue Acquisition Corp in a deal valued at $450 million, as investor appetite for the sector continues to surge.Special purpose acquisition companies have re-emerged this year ...
Crypto exchange Kraken confidentially files for US IPO
Kraken, one of the world's largest cryptocurrency exchanges, said on Wednesday it has confidentially filed for an initial public offering in the U.S., as digital asset companies look to tap the new listings market before the 2026 midterm elections.Companies such as stablecoin issuer Circle and ...
Keppel Reit trustee prices S$100 million perpetual securities at 3.28%
Goh Ruoxue - The securities are expected to be issued on Nov 27
Nokia streamlines business to focus on AI infrastructure boom
It plans to restructure into two main divisions – mobile networks and network infrastructure
Tech unicorns set to benefit from new SGX-Nasdaq dual-listing highway: observers
Ranamita Chakraborty - The new framework allows companies to pursue a dual listing on both Nasdaq and SGX through a single set of documents
US: Wall Street opens higher as Nvidia test looms
[NEW YORK] Wall Street’s main indexes opened slightly higher on Wednesday (Nov 19) following sharp losses earlier in the week, as investors...
PM Wong says new framework is needed to avoid ‘devastating consequences’ of retaliatory trade
Elysia Tan - His conversation with Bloomberg’s editor-in-chief also covers money laundering and a possible capital gains tax for Singapore
Paris says no to outdoor Christmas events for Shein host BHV
PARIS :The BHV department store in Paris will not be allowed to host outdoor Christmas events this year, unlike in previous years, city authorities said, after they identified violations linked to the opening of Shein's first-ever physical shop within BHV. Online fast-fashion retailer Shein lau ...
Norinchukin ekes out small profit, flags risks in private credit market
The bank reported a net profit of 26 billion yen (S$217.3 million) for the months of July to September
Explainer-How the EU plans to ease rules for Big Tech
-The European Commission on Wednesday unveiled sweeping changes to Europe's digital rulebook that critics say would give major technology companies easier access to personal data and weaken privacy protections in place for two decades.The 'Digital Omnibus' package would delay strict A ...
Teva seeks startups to help solve global pharmaceutical challenges
JERUSALEM :Teva Pharmaceutical Industries said on Wednesday it was calling on startups to join its new platform to develop technologies to deal with a host of challenges facing Teva and the global pharmaceuticals industry.Called Teva Rise, the company's open innovation platform aims to accelera ...
Meta to block Facebook and Instagram for Australian teens by December 10
SYDNEY :Meta will block Australian users under 16 from accessing Instagram, Facebook and Threads by December 10 to comply with the country’s sweeping social media ban for teenagers, the company said on Thursday.The company said it had begun notifying users it believed were between 13 and 15 years ...
Nvidia, Menlo Micro collaboration speeds up AI chip testing
SAN FRANCISCO :Nvidia and Menlo Micro on Wednesday said they have used technology from the startup to dramatically speed up the testing of AI chips, easing a significant production bottleneck.The world's most valuable listed company and the central player in the AI boom has been working to iron ...
Amova, Manulife IM, Lion Global reveal details of fund strategies chosen under MAS’s $5 bil EQDP
Jovi Ho - Three of the six newly appointed asset managers that will launch fund strategies under the Monetary Authority of Singapore’s (MAS) Equity Market Development Programme (EQDP) have revealed more details about their upcoming products. Amova Asset Management Asia, formerly known as Nikko Asset Managem ...
EU to delay 'high risk' AI rules until 2027 after Big Tech pushback
BRUSSELS/STOCKHOLM :The European Commission proposed on Wednesday streamlining and easing a slew of tech regulations, including delaying some provisions of its AI Act, in an attempt to cut red tape, head off criticism from Big Tech and boost Europe's competitiveness.The move by the EU comes aft ...
Adobe nears $1.9 billion deal for software provider Semrush, WSJ reports
Photoshop maker Adobe is nearing a $1.9 billion deal to acquire software platform Semrush, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.Adobe is set to pay $12 per share for the company, according to the report. That represents a premium of around 77.5 per ce ...
Adobe to buy software provider Semrush in $1.9 billion deal
Adobe will acquire software platform Semrush for $1.9 billion, the companies said on Wednesday, as the Photoshop maker looks to strengthen its marketing tools and attract brands with generative artificial intelligence products.The company will pay $12 per share for Semrush, representing a premium of ...
Adobe bolsters AI marketing tools with $1.9 billion Semrush buy
Adobe will acquire software platform Semrush for $1.9 billion, the companies said on Wednesday, as the Photoshop maker looks to strengthen its marketing tools and attract brands with generative artificial intelligence products.The company will pay $12 per share for Semrush, representing a premium of ...
Nvidia’s switch to smartphone-style memory ‘to double server-memory prices by end-2026’
Tech-focused research firm says the change will spike the demand for chips that the industry can’t handle
Investors pull record $523 million from BlackRock's flagship bitcoin ETF
Investors pulled roughly $523 million from BlackRock's flagship iShares Bitcoin Trust on Tuesday, according to data from Farside Investors, marking the fund's largest single-day withdrawal since its launch.Bitcoin, a bellwether for crypto markets, fell below $90,000 this week, its lowest l ...
Nokia bets on AI with new strategy, targets up to 60% profit rise
Nokia unveiled a new strategy on Wednesday focused on artificial intelligence, as it strives to simplify its business and boost annual core profit by as much as 60 per cent over the next three years.Beginning in 2026, the Finnish telecoms equipment maker intends to reorganize into two primary busine ...
Nokia targets 60% profit boost by 2028 with new AI-focused strategy
Nokia unveiled a new strategy on Wednesday focused on artificial intelligence, as it strives to simplify its business and boost annual core profit by as much as 60 per cent over the next three years.From 2026, the Finnish telecoms equipment maker plans to split into two main segments, network infras ...
Larry Summers resigns from OpenAI board after Epstein emails
Former U.S. Treasury Secretary Larry Summers has resigned from the OpenAI board, he said on Wednesday, several days after Congress released documents that showed Summers shared a close relationship with the late convicted sex offender Jeffrey Epstein.Summers, also a former president of Harvard Unive ...
SGX and Nasdaq to simplify dual listings by streamlining regulations and fundraising
Nicole Lim - The Singapore Exchange (SGX) will partner Nasdaq to simplify dual listings in the US and Singapore, announced the bourse on Nov 19 alongside the Monetary Authority of Singapore’s (MAS) latest set of equity review group measures. Under the partnership, named the Global Listing Board, companies with ...
One prospectus, two markets: SGX-Nasdaq dual-listing highway to debut in 2026
Renald Yeo - This comes as the MAS review group wraps up its work and releases its final report
