OpenAI files for US IPO after Anthropic as AI giants head to public markets
June 8 : ChatGPT-maker OpenAI confidentially filed for a U.S. initial public offering on Monday, joining rival Anthropic in a push toward the stock market as investors seek exposure to the artificial intelligence boom.
Meta funds skilled trades jobs program for AI data center buildout
NEW YORK, June 8 : Meta is investing $115 million to stand up a new training program for data center technician jobs, as the social media giant races to build the infrastructure to power its AI ambitions.The cost-free program, America's Workforce Academy, will end in guaranteed job offers to gr ...
Applied Digital signs $5.2 billion AI data center lease with US hyperscaler
June 8 : Applied Digital has signed a 15-year lease with a U.S.-based hyperscaler at its Delta Forge 2 site which is expected to generate about $5.2 billion in revenue over the period, sending the company's shares up 8.7 per cent in extended trading. Major technology companies are raising their ...
Bolt, Stellantis, Pony.ai to launch autonomous vehicle test program in Luxembourg
June 8 : Estonian vehicle sharing platform Bolt will launch its first autonomous mobility test program in Luxembourg in collaboration with carmaker Stellantis and Chinese robotaxi operator Pony.ai, the companies said on Monday. • The announcement followed a joint declaration of intent signed by 18 ...
As Apple's WWDC conference kicks off, investors want to know if AI will save Siri
CUPERTINO, California, June 8 : Apple on Monday will test its standing in the AI race, with analysts expecting the iPhone maker to open its developer conference with a long-awaited Siri overhaul and tools to tap the computing power of its 2.5 billion devices.Apple CEO Tim Cook kicked off the event b ...
Apple rolls out new, AI-powered Siri at annual WWDC
CUPERTINO: Apple on Monday (Jun 8) unveiled a new, AI-powered version of Siri that is capable of analysing what is on the device screen and reaching out to the web for m
Italy regulator drops investigation into Meta's WhatsApp AI bot
ROME, June 8 : Italy's competition authority said on Monday it had dropped an investigation into Meta Platforms over allegations the company abused its dominant position by installing its artificial intelligence tool on messaging service WhatsApp.The investigation had been launched in July 2025 ...
ENERGY WATCH: Mideast flare-up
June 8 : Breaking down what matters today in global energy marketsBy Ron Bousso, ROI Energy ColumnistThe shaky two-month-long ceasefire between the United States, Israel and Iran was rattled again on Sunday when Iran launched a salvo of missiles at Israel over its attacks in Beirut, prompting I
Dollar eases as Iran and Israel agree to halt strikes
NEW YORK/LONDON, June 8 : The dollar eased on Monday but hovered near its highest level in nearly two months, after Iran and Israel agreed to halt attacks on each other following an appeal by U.S. President Donald Trump.The pause in strikes by both Iran and Israel lured investors into other currenci ...
Dollar falls from highs after Iran halts Israel strikes; yen clings to 160/$
NEW YORK/LONDON, June 8 : The dollar pulled back on Monday from its highest level in nearly two months, after Iran said its attacks on Israel had ended.Tehran's comments lured investors into other currencies that had been dented after strong U.S. jobs data on Friday prompted traders to ramp up ...
How SpaceX President Gwynne Shotwell has achieved Musk's lofty ambitions
June 8 : When SpaceX goes public on Friday with what is expected to be a record-setting IPO, it will cap two decades of founder and CEO Elon Musk's ambition to transform rocketry, satellite communications and humanity’s reach into space.Each step of the way, there has been a guiding hand larg ...
Australia, Canada, Japan trade bodies fret over being left out in made-in-Europe drive
BRUSSELS, June 8 : Europe's push to cut its reliance on U.S. Big Tech with EU-made technologies and chips could shut out other non-EU players from the European market, trade bodies representing tech companies in Australia, Canada and Japan warned on Monday.The warning by the Tech Council of Aus ...
US stocks: Wall Street gains as chips rebound, Middle East tensions ease
WALL Street’s major indexes advanced on Monday (Jun 8), as chipmakers bounced back from a sharp selloff last week, while investors took...
HC Surgical acquires 51% stake in NYK Endoscopy and Digestive Centre for $750,000
Teo Zheng Long - HC Surgical (SGX: 1B1 ) announced that it has entered into a sale and purchase agreement with Dr Ng Yi Kang on the acquisition of 51% stake of NYK Endoscopy and Digestive Centre Pte Ltd (NYKPL) for a total purchase consideration of S$750,000. NYKPL was incorporated on June 2 and has yet to commence ...
UK sets out £1.1 billion AI hardware plan with supercomputer, chip funding
£120 million will be set aside to help British companies to design, develop and test novel chips
Ley Choon’s subsidiary secures $24.5 mil worth of contracts
Teo Zheng Long - Ley Choon (SGX: Q0X ) announced that its subsidiary, Ley Choon Constructions and Engineering Pte Ltd had clinched contracts worth approximately $24.5 million. The contracts, which spans across repair and maintenance of underground utilities services, are expected to be completed within 36 months. Wh ...
Amazon, Corning sign multi-billion-dollar deal to boost fiber optics manufacturing in US
June 8 : Amazon said on Monday it has signed a multi-billion-dollar deal with specialty glass maker Corning aimed at boosting U.S. production of optical fiber and connectivity products that are used in data centers. Amazon, however, did not disclose any further financial details on the partnership.S ...
US dollar eases slightly after Iran says attacks on Israel have ended
Sharon Lee - The greenback held most of the gains made on the back of Friday’s non-farm payrolls report
Apple investors look for AI to power next leg of gains
Apple shares have largely managed to defy gravity for much of the last two years despite the lack of an AI offering
Alphabet taps Intel to make three million in-house chips, The Information reports
June 8 : Alphabet's Google has placed an order with Intel to manufacture more than three million tensor processing units in 2028, The Information reported on Monday, citing people with direct knowledge of the discussions.Nvidia has not placed an order with Intel yet, but has been evaluating whe ...
Google, Nvidia consider Intel as backup chip manufacturer, The Information reports
June 8 : Alphabet's Google placed an order with Intel to manufacture more than three million tensor processing units in 2028, The Information reported on Monday, citing four people with direct knowledge of the discussions.Nvidia is evaluating Intel's advanced packaging and 18A process for ...
UK sets out $1.5 billion AI hardware plan with supercomputer, chip funding
LONDON, June 8 : Britain set out a new £1.1 billion ($1.47 billion) plan on Monday to build domestic AI computing capacity, including a new national supercomputer and funding to back homegrown chip firms.The strategy builds on a £400 million commitment announced by Prime Minister Keir Starmer at L ...
Cerebras shares climb as Wall Street brokerages back AI chip strategy
June 8 : Cerebras shares gained on Monday as multiple Wall Street firms initiated coverage with bullish calls after the quiet period, backing the chip designer's unconventional AI strategy more than three weeks after its strong debut.Shares of the company rose 5.5 per cent in premarket trading, ...
J&J to buy cancer drug technology developer Firefly Bio for US$1 billion
JOHNSON & Johnson said on Monday (Jun 8) it will acquire biotech Firefly Bio for US$1 billion in cash, as it looks...
AEM, Top Glove, UIBREIT and PC Partner included in iEdge Singapore Next 50 following latest quarterly review
The Edge Singapore - AEM Holdings, Top Glove Corp, UI Boustead REIT and PC Partner Group have been included in the iEdge Singapore Next 50 Indices, following the latest quarterly balancing review. These four companies displaced the following four companies: Singapore Post, Digital Core REIT, Wee Hur Holdings and China S ...
Bitcoin steadies after US$60,000 breach as Saylor hints at buying
Sentiment remains shaky, says an analyst
Starhill Global REIT names Kemmy Tan, previously of M+S, its new CEO
The Edge Singapore - Kemmy Tan Peck Mun has been appointed the new CEO of Starhill Global REIT. She takes over from Ho Sing, who announced his resignation in February, to take effect in August. With Tan's appointment, Ho will step down on June 30 instead of August, after 16 years at the REIT. Tan was previously exe ...
GDS Global completes acquisition of Asiabuild Metal Engineering & Integrated Aluminium
Teo Zheng Long - GDS Global (SGX: 5VP ) announced that it has completed the acquisition of Asiabuild Metal Engineering and Integrated Aluminium, following shareholders’ approval obtained at the recent EGM held on May 29. Based on the existing contracts and purchase orders held by both companies, GDS Global’s ord ...
Singapore must become more cohesive as global outlook remains uncertain: PM Wong
The government still expects inflationary pressures to rise, and there is also uncertainty about how AI will impact the job market, he...
Marvell shares jump after chipmaker wins spot in S&P 500
June 8 : Marvell Technology shares climbed more than 9 per cent on Monday after the chipmaker was set to join the benchmark S&P 500 at the end of June, in the latest boost to a stock that has surged recently.Its shares have gained about 59 per cent since May 27 after the company forecast its cus ...
Mooreast's $6 mil placement attracts Amova, Lion Global
The Edge Singapore - Mooreast Holdings has raised just over $6 million placing out new shares at 13.5 cents each to investors including EQDP managers Amova Asset Management and Lion Global Investors, as well as other investors the likes of Asdew Acquisitions and ICH Synergrowth Fund. The placement was managed by Zico Ca ...
EV maker VinFast's quarterly revenue rises on strong Southeast Asia demand
June 8 : Vietnam's VinFast reported a nearly 42 per cent rise in first-quarter revenue on Monday, bolstered by strong demand for its electric vehicles from key markets in Southeast Asia.The company's quarterly revenue came in at 23.11 trillion dong ($877.24 million), compared with revenue ...
EV maker VinFast reports rise in quarterly revenue
June 8 : Vietnam's VinFast reported a nearly 42 per cent rise in first-quarter revenue on Monday, bolstered by strong demand for its electric vehicles from key markets in Southeast Asia. The company's quarterly revenue came in at 23.11 trillion dong ($877.24 million), compared with revenue ...
EV maker VinFast's revenue jumps on SE Asian demand, but loss widens
June 8 : Vietnam's VinFast reported a nearly 42 per cent rise in first-quarter revenue on Monday, driven by strong demand for its electric vehicles in key Southeast Asian markets, but posted a wider net loss.Quarterly revenue rose to 23.11 trillion dong ($877.24 million) from 16.31 trillion don ...
