SpaceX acquires xAI as Musk looks to unify AI and space ambitions
Feb 2 : Elon Musk said on Monday that SpaceX has acquired his artificial-intelligence startup xAI, combining the rocket-and-satellite company with the maker of the Grok chatbot in a move aimed at unifying Musk's AI and space ambitions. "This marks not just the next chapter, but the next b ...
Musk's SpaceX acquires xAI
Feb 2 : Elon Musk's space firm SpaceX said on Monday it has acquired his artificial intelligence startup xAI, combining the rocket-and-satellite company with the maker of the Grok chatbot in a move aimed at unifying Musk's AI and space ambitions. A merger would represent one of the most hi ...
Exclusive-OpenAI is unsatisfied with some Nvidia chips and looking for alternatives, sources say
SAN FRANCISCO, Feb 2 : OpenAI is unsatisfied with some of Nvidia’s latest artificial intelligence chips, and it has sought alternatives since last year, eight sources familiar with the matter said, potentially complicating the relationship between the two highest-profile players in the AI boom. T ...
Palantir CEO defends surveillance tech as US government contracts boost sales
Feb 2 : Palantir Technologies CEO Alex Karp defended the firm's surveillance technology as it reported a big jump in sales on Monday, saying it has safeguards to prevent government overreach, without mentioning U.S. immigration enforcement efforts in Minnesota that have drawn widespread protest ...
Popular open-source coding application targeted in Chinese-linked supply-chain attack
Feb 2 : A Chinese-linked cyberespionage group with a long history hijacked the update process for the popular code editing platform Notepad++ to deliver a custom backdoor and other malware to targeted users, the program's developer and cybersecurity researchers said on Monday.Don Ho, the French ...
Disney shares slump as its theme parks see fewer international visitors
LOS ANGELES, Feb 2 : Walt Disney's warning that a decline in international visitors to its U.S. theme parks and a slump in earnings at its TV and film division sent shares down nearly 5 per cent in trading on Monday, just as it readies a successor to outgoing CEO Bob Iger.The company said there ...
OpenAI launches Codex app to gain ground in AI coding race
(Corrects first paragraph to show the app is on desktop, not mobile)By Deepa SeetharamanSAN FRANCISCO, Feb 2 : OpenAI is launching a desktop app for its coding tool, Codex, in hopes of seizing momentum - and customers - from its rivals in the AI code-generation space. OpenAI said it designed i
Telia, Lyse to combine Norwegian mobile radio networks to save costs
STOCKHOLM, Feb 2 : Swedish telecoms group Telia and Norway's Lyse, owner of mobile operator Ice, have agreed to combine their Norwegian mobile radio access networks into a jointly held firm, the companies said on Monday.Telenor dominates the Norwegian telecom market, followed by Telia Norway an ...
US cuts tariffs on India to 18%, India agrees to end Russian oil purchases
WASHINGTON, Feb 2 : U.S. President Donald Trump on Monday said he had agreed on a trade deal with India that slashes U.S. tariffs on Indian goods to 18 per cent from 50 per cent in exchange for India lowering trade barriers, stopping its purchases of Russian oil and buying oil instead from the U.S. ...
Snowflake partners with OpenAI in $200 million AI deal
Feb 2 : Snowflake said on Monday it has entered a $200 million partnership with OpenAI to integrate advanced artificial intelligence models directly into its cloud data platform, as enterprises increasingly turn to AI to extract insights from vast troves of data.Cloud data platforms, where companies ...
CVC to sell personal care business FineToday to Bain Capital in 200 billion yen deal: source
The sale comes a few months after FineToday’s second attempt to list on the Tokyo Stock Exchange failed in October
'Moltbook' social media site for AI agents had big security hole, cyber firm Wiz says
WASHINGTON, Feb 2 : A buzzy new social network where artificial intelligence-powered bots appear to swap code and gossip about their human owners had a major flaw that exposed private data on thousands of real people, according to research published on Monday by cybersecurity firm Wiz.Moltbook, a Re ...
Wall Street opens lower as commodity rout rattles markets
[NEW YORK] Wall Street’s main indexes opened lower on Monday (Feb 2), as a violent sell-off in precious metals unsettled investors at...
India in talks to allow Alipay+ to link with instant payment system: sources
The move will ease payments for its tourists, enabling them to use its UPI with merchants in countries that have signed up...
Indonesia coal miners warn of layoffs, economic risks over proposed output cuts
The trims aim to push up the plunging thermal coal prices amid fears of oversupply by the country
Polish e-commerce firm Erli sues Allegro over pricing practices
GDANSK, Poland, Feb 2 : Polish e-commerce platform Erli has sued larger rival Allegro, accusing it of abusing its dominant position by effectively forcing sellers to raise their prices outside its platform, Erli said on Monday in a statement.Allegro, Poland's largest e-commerce company, denied ...
Erli accuses Allegro of price manipulation in Poland e-commerce
GDANSK, Poland, Feb 2 : Polish e-commerce platform Erli has sued larger rival Allegro, accusing it of abusing its dominant position by effectively forcing sellers to raise their prices outside its platform, Erli said on Monday in a statement.Allegro, Poland's largest e-commerce company, denied ...
Nursing home additions lift Parkway Life Reit’s H2 DPU by 3.5% to S$0.0764
Sharanya Pillai - The Singapore hospital portfolio also saw organic rental growth with step-up lease agreements
Singapore manufacturing PMI at a 10-month high in January, driven by AI boom
Tessa Oh - The overall purchasing managers’ index is up 0.2 point at 50.5, marking the sixth straight month of expansion
SHS Holdings receives EGM requisition to remove independent director
The Edge Singapore - A group of SHS Holdings shareholders who claim to control 21.36% of the shares are calling for an EGM to remove independent director Chua San Lye and replace with their nominee Kong Chee Keong. As listed in its annual report, there are two other IDs, Lee Gee Aik and Ron Oong Wei Yuan. The board cons ...
ParkwayLife REIT's FY2025 DPU rose 2.5% y-o-y to 15.29 cents
The Edge Singapore - ParkwayLife REIT’s distribution per unit (DPU) rose by 2.5% y-o-y to 15.29 cents in FY2025 for the 12 months to Dec 31, 2025, extending PLife REIT’s track record of recurring DPU growth. Gross revenue for FY2025 increased 7.6% y-o-y to $156.3 million while net property income (NPI) rose 8.0% y-o ...
Singaporeans queueing up to buy the dip in gold despite rout
At UOB’s headquarters, Singapore’s only bank selling physical gold, buyers crowd a lounge for bullion trades
UK firm signs deal with Mitsui to make iron ore pellets from Pilbara material
LONDON, Feb 2 : British firm Binding Solutions has signed an agreement with a unit of Japanese trading house Mitsui & Co to turn iron ore in Western Australia's huge Pilbara region into low-carbon pellets, Binding Solutions said on Monday.The privately held company says its technology cuts ...
Indian travellers set to compete with Chinese tourists as engines of air travel growth: SIA CEO
Shikhar Gupta - The airline’s multi-hub strategy in India, which includes its stake in Air India, comes as global travel patterns shift towards South Asia
Investors flock to gold, gold miner ETFs in January in bid for safety
Feb 2 : Investors flocked to exchange-traded funds of gold, other precious metals and gold miners in January, seeking safety amid geopolitical uncertainty, expectations of further dollar weakness, and growing bets on U.S. interest rate cuts.According to LSEG Lipper data, ETFs of gold and other preci ...
TrickleStar appoints former Green Build Technology independent director to board
Felicia Tan - TrickleStar Limited has named Tan Lay Suan Judy as its new non-executive independent director. Tan was said to be selected based on her “extensive experience in sales and marketing, and public relations”. “The board has approved her appointment recommended by the nominating committee, consider ...
Beng Kuang Marine allots 5,700 new shares following warrant exercise
Felicia Tan - Beng Kuang Marine has allotted and issued 5,700 new ordinary shares following the exercise of warrants, at an exercise price of 22 cents per share. This increases the company’s total issued shares to 208.99 million. As at the date of this announcement, 58 million warrants remain outstanding, each ...
Castel CEO’s fate in limbo amid clash over shareholders’ vote
The disputed outcome marks a a new point of contention in the escalating clash between Clerc and the Castel family
Castel Group CEO Gregory Clerc ousted as director from key Singapore holding
Chairman Pierre Baer is also removed during an extraordinary shareholders’ meeting of IBBM
Oracle shares gain as $50 billion raise eases data-center funding fears
Feb 2 : Oracle shares gained 2 per cent on Monday after Wall Street analysts said the software company's $50 billion fundraising plan allays worries over its ability to finance a massive data-center expansion with OpenAI.Long a smaller player in the cloud market, Oracle has emerged as a major p ...
Oracle rises as $50 billion raise eases data-center funding fears
Feb 2 : Oracle shares gained 2.5 per cent on Monday after Wall Street analysts said the software company's $50 billion fundraising plan allays worries over its ability to finance a massive data-center expansion with OpenAI.Long a smaller player in the cloud market, Oracle has emerged as a major ...
Oracle shares fall as investors assess up to $50 billion AI funding plan
Feb 2 : Oracle shares fell about 4 per cent in premarket trading on Monday, after it outlined plans to raise $45 billion to $50 billion this year to expand its cloud infrastructure, fueling investor concerns about its rising debt load.The software company, chaired by billionaire Larry Ellison, said ...
Ley Choon subsidiary secures $43.6 mil worth of contracts for underground utilities and road facilities works
Felicia Tan - Ley Choon Constructions and Engineering, the subsidiary of Ley Choon Group Holdings, has secured contracts worth a total of $43.6 million. The contracts, which are for the laying of underground utilities services and road facilities works, are expected to be completed within 24 to 36 months. They ar ...
Couple caught in 99-1 property deal sue salesperson, PropNex unit, law firm for S$367,405
Chong Xin Wei - PropNex says it is in process of obtaining legal advice; board intends to ‘vigorously defend the suit’
