Qualcomm bets on AI chips to break smartphone reliance, but faces crowded race
June 24 : Qualcomm is expected to use its investor day on Wednesday to lay out a push beyond its core smartphone business into the fast-growing, but highly competitive, market for AI data center chips.Analysts expect the San Diego-based company to name new customers for its AI chips as it tries to g ...
Tesla sued over fatal Texas crash linked to Autopilot
June 24 : Tesla has been sued by the family of a 76-year-old Texas grandmother killed last week when a driver using his Model 3's automated driving assistance system crashed into her suburban Houston home, the family's lawyers said.According to a complaint filed on Tuesday, Elon Musk' ...
Argentina to return two rare maned wolves to the wild
BUENOS AIRES, June 24 : Conservationists will return two maned wolves, rescued after the death of their mother, to the wild next month in Argentina, where the long-legged wild canine is endangered.The conservation nonprofit Temaiken Foundation said it received the male-female siblings named Sun and ...
OpenAI, Broadcom unveil chip to run models faster, cheaper
The finalised chips will be integrated into large data centres later this year.
Microsoft's quantum computing technology called into question, again
SAN FRANCISCO, June 24 : A new critique in the scientific journal Nature is raising fresh questions about Microsoft's claimed quantum computing breakthrough last year, which underpinned the company's announcement this month that it will have a working quantum system by 2029.Quantum compute ...
Analysis:Apple-Intel chip deal makes strategic sense but production is years away
June 24 : Apple turning to Intel for chips, as Washington announced last week, has the neat logic of necessity meeting ambition. But it is not that simple, as analysts say any advanced Intel chip will take two to three years to make and even longer to translate into gains due to the long and exactin ...
US online spending hits US$8.3 billion as Amazon Prime Day kicks off, Adobe says
ONLINE shopping among shoppers on the first day of Amazon’s Prime Day rose 5.3 per cent from a year earlier to US$8.3...
Wall St subdued as tech steadies, Micron earnings in focus
[NEW YORK] Wall Street’s main indexes were muted on Wednesday (Jun 24), after two straight sessions of declines, as technology shares steadied...
US online spending hits $8.3 billion as Amazon Prime Day kicks off, Adobe says
June 24 : Online spending among shoppers on the first day of Amazon's Prime Day rose 5.3 per cent from a year earlier to $8.3 billion across U.S. retailers, Adobe Analytics said on Wednesday. The four-day shopping event, which started on Tuesday and is being held earlier than usual this year, w ...
Brent hits lowest since before start of Iran war on expectations of smoother oil flows via Hormuz
Ships have already sailed through the strait under a newly launched evacuation scheme by the UN’s shipping agency
Binance vows to stay in Europe despite licence setback
The company has one week to secure a licence before its current permission to operate in Europe expires
The quest for global capital: Vietnam eyes MSCI upgrade as Indonesia fights downgrade risk
Elisa Valenta - Latest review shows Asean markets are judged on how easily global capital can get in and out
RBI proposes guidelines for banks to manage AI risks
MUMBAI, June 24 : India's central bank has proposed rules requiring banks to strengthen oversight of risks tied to AI and machine-learning models, mandating board-approved policies, stronger controls and model inventories. The Reserve Bank of India said banks must put in place a board-approved ...
Meta, Microsoft lead US$850 billion boom in data centre leases
Mark Zuckerberg has said his company will spend hundreds of billions of dollars on AI infrastructure by the end of the decade
Qualcomm to buy AI startup Modular
June 24 : Qualcomm said on Wednesday it would buy AI startup Modular for an undisclosed sum, as the chipmaker looks to diversify beyond its core smartphone business.The company was in advanced discussions to acquire Modular in a deal valuing it at about $4 billion, Bloomberg News reported on Monday. ...
Qualcomm to buy startup Modular for $4 billion in AI software push
June 24 : Qualcomm said on Wednesday it would buy AI startup Modular in an all-stock deal valued at nearly $4 billion, gaining access to software that runs AI models across chips without having to write code for each processor. Buying Modular pits Qualcomm against CUDA, the software platform t
Qualcomm to buy AI startup Modular for $4 billion in AI software push
June 24 : Qualcomm said on Wednesday it would buy AI startup Modular in an all-stock deal valued at nearly $4 billion, gaining access to software that runs AI models across chips without having to write code for each processor. Buying Modular pits Qualcomm against CUDA, the software platform t
Nissan to offer early retirement to some Japan admin staff, Nikkei says
(Corrects paragraph 2 to say not known, instead of now known)TOKYO, June 24 : Nissan Motor has decided to offer early retirement packages to some administrative staff in Japan, mainly at five locations including Oppama and Tochigi plants, as part of its global workforce reduction plan, Nikkei report ...
German expert panel suggests social media ban for under-13s
June 24 : Germany should consider barring under-13s from running their own social media accounts, imposing strict child-safety measures on platforms and introducing a parental duty to prevent "digital neglect", a government‑appointed expert panel has advised.The commission submitted 56 r ...
Ringgit sinks to seven-month low despite record bond inflows as Fed fears dominate
Tan Ai Leng - But, analysts think the weakness is a correction rather than the beginning of a depreciation trend
Qualcomm in talks to provide custom chip-design services to ByteDance: sources
The negotiations show US tech companies are keen to do business with China, even with growing friction over AI chips
UOB sets up tech oversight committee in board reshuffle
Ry-Anne Lim - The committee will guide the bank’s technology and digital strategy, among other things
Exclusive-Binance vows to stay in Europe despite licence setback
PARIS/BERLIN, June 24 : Crypto platform Binance intends to stay in the European Union and will make a fresh push for permission to operate there, a senior executive told Reuters, after its application under a new licence regime failed, threatening access for millions of users."Binance is not le ...
Singapore stocks close higher; STI up 0.2%
Hongkong Land leads the gainers on the blue-chip index
Cerebras sinks 14% as full-year margin forecast disappoints
June 24 : Cerebras shares tumbled about 14 per cent before the bell on Wednesday after the chip designer warned that annual profit margins would undershoot first-quarter figures in its debut earnings following a blockbuster initial public offering.If the losses hold through the open, the stock is ex ...
UOB to set up new Board Technology Committee with effect from July 1
The Edge Singapore - United Overseas Bank has annouced that a new Board Technology Committee will be established with effect from July 1 to assist the Board in guiding the bank’s technology and digital strategy, and in overseeing the bank’s technology risk management, operational resiliency and governance. The commi ...
JPMorgan appoints new co-heads for South-east Asia investment banking
Tan Nai Lun - Kelvin Goh and Alfons Halim will jointly lead this area in a region the bank views as strategically important
JP Morgan appoints new co-heads for South-east Asia investment banking
Tan Nai Lun - Kelvin Goh and Alfons Halim will jointly lead this area in a region the bank views as strategically important
Vicom’s long-serving CEO Sim Wing Yew to retire, deputy to step up
Ry-Anne Lim - Second-in-command Chung Tying Chun will take over at the end of the year
EU moves to strengthen Europol against rising digital, cross-border crime
June 24 : The European Commission on Wednesday unveiled measures to enable Europol, the EU's law enforcement agency, to respond more quickly and effectively to cross-border and increasingly digital crime.• Europol warned last year that organised crime gangs were turning to AI-powered scams to ...
Agility Robotics to go public in $2.5 billion deal with Michael Klein-backed SPAC
June 24 : Agility Robotics will go public through a merger with blank-check firm Churchill Capital Corp XI in a $2.5 billion deal, the companies said on Wednesday.Here are some details on the deal:• The deal is expected to provide more than $620 million in proceeds to Oregon-based Agility, includi ...
CEO of Sing Lun Industrial Mark Lee elected as SBF chairman from 2026 to 2028
Chloe Lim - He says with Singapore being Asean chairman in 2027, SBF would have opportunities to deepen regional integration
JERA sees LNG prices staying firm as Qatar repairs drag on, Europe rebuilds stocks
TOKYO, June 24 : Japan's JERA expects liquefied natural gas prices to remain relatively firm in the near term, as restoring Qatar's LNG facilities damaged during the Iran war will take time and Europe needs to replenish stocks ahead of winter, its chairman said."Looking over the next ...
Take-Two prices 'Grand Theft Auto VI' at $79.99, sticks to November 19 launch
June 24 : Take-Two Interactive Software on Wednesday priced "Grand Theft Auto VI" at $79.99 and stuck to its previously announced November 19 release date, bringing the industry's most anticipated title closer to launch after multiple delays.The price makes "GTA VI" one of t ...
