Exclusive-Arm launches 'Physical AI' unit, joining rush to robotics by tech and automakers
Jan 7 : Chip technology company Arm Holdings has reorganized the company to create a Physical AI unit to expand its presence in the robotics market, company executives told Reuters at CES, where robots are a theme of the year.The decision to create a unit that specializes in robotics arrives amid a ...
Exclusive-Arm launches 'Physical AI' division to expand in robotics market
Jan 7 : Chip technology company Arm Holdings has reorganized the company and formed a Physical AI unit to expand its presence in the robotics market, company executives told Reuters at CES.The decision to create a unit that specializes in robotics arrives amid a flurry of announcements and activi ...
Anthropic plans to raise $10 billion at $350 billion valuation, WSJ reports
Jan 7 : AI startup Anthropic is planning to raise $10 billion at a valuation of $350 billion, the Wall Street Journal reported on Wednesday citing people familiar with the matter.
Dow Jones signs deal with Polymarket to add prediction data across outlets
Jan 7 : News Corp's Dow Jones said on Wednesday it had signed an exclusive deal with Polymarket to bring real-time prediction market data to its outlets including The Wall Street Journal, Barron's and MarketWatch. As part of the deal, Dow Jones will launch consumer-facing features using ...
Fossils found in Moroccan cave may be a close Homo sapiens ancestor
WASHINGTON, Jan 7 : Fossilized bones and teeth dating to 773,000 years ago unearthed in a Moroccan cave are providing a deeper understanding of the emergence of Homo sapiens in Africa, representing the remains of archaic humans who may have been close ancestors of our species.Researchers said the ...
UK watchdog contacts Musk's X over abusive imagery, US state attorney expresses concern
WASHINGTON/LONDON, Jan 7 : Britain's data regulator, the Information Commissioner's Office, said on Wednesday it had asked Elon Musk's X to clarify how it was complying with data protection laws following concerns that Grok, X's built-in artificial intelligence chatbot, was fl ...
UK data watchdog contacts Musk's X over Grok AI images
LONDON, Jan 7 : Britain's data regulator, the Information Commissioner's Office, said on Wednesday it had asked Elon Musk's X to clarify how it was complying with data protection laws in light of concerns about the use of X's built-in AI bot Grok to produce images. " ...
Chinese AI server leader xFusion hires investment bank in first step towards listing
The Chinese authorities have fast-tracked IPOs in the AI and chipmaking sectors due to US’ curbs on high-tech exports
Chinese refiners expected to replace Venezuelan oil with Iranian crude
Analysts say the Venezuela drama hits ‘teapots’ the hardest, and do not foresee them bidding up for unsanctioned barrels
ASML says social media hacking claims are untrue
AMSTERDAM, Jan 7 : Dutch computer chip equipment supplier ASML said on Wednesday that claims posted on social media that the company had been hacked were untrue. "ASML is aware of a post published on BreachForums on January 6, 2026, which alleges the exposure of company informati ...
Alleged scam kingpin Chen Zhi sought by US is arrested, sent to China
[PHNOM PENH] Chen Zhi, the alleged kingpin of an international scam syndicate who faces charges in the US, has been arrested in...
Semafor hits $330 million valuation in latest fundraise to fuel global expansion
Jan 7 : Semafor said on Wednesday it has closed a $30 million financing round, valuing the digital media startup at $330 million post-money, after its first profitable year.Semafor's latest funding round saw participation from existing investors, along with new backers including PSP, Belgian ...
JPMorgan replaces proxy advisers with AI for voting US shares
The internal AI platform, dubbed Proxy IQ, will now be used to manage votes and analyse data
Wall St opens muted after AI-driven rally; labour data in focus
[NEW YORK] Wall Street’s main indexes opened muted on Wednesday (Jan 7), as investors took a breather after an AI-driven rally in...
Aletheia Capital downgrades ThaiBev to ‘sell’ amid weak Thai consumer demand and tighter alcohol regulations
Felicia Tan - Aletheia Capital analyst Nirgunan Tiruchelvam has downgraded Thai Beverage (ThaiBev) to “sell” from “buy” amid a weak domestic demand backdrop in Thailand and tighter alcohol restrictions. “ThaiBev’s core spirits business is exposed to Thailand’s weak domestic demand backdrop. Househol ...
Frasers Centrepoint Trust enters $400 mil green term loan and revolving credit facility
Nicole Lim - Frasers Centrepoint Trust (FCT) has entered into a $400 million green term loan and revolving credit facility. There are specified conditions in relation to the green loan facility agreement which makes reference to the shareholding interest and places restrictions on a change of control of the comp ...
Spotify makes it easier for video creators to earn, announces new LA studio
Jan 7 : Spotify is expanding its monetization program for creators and introducing new tools for video podcasters, as it aims to better compete with YouTube and Netflix in the booming market.The Swedish streaming company said on Wednesday it has made investments that have contributed more than $1 ...
Spotify makes it easier for creators to earn, reveals $10 billion podcast spend
Jan 7 : Spotify is expanding its monetization program for creators and introducing new tools for video podcasters, as it aims to better compete with YouTube and Netflix in the booming market.The Swedish streaming company said on Wednesday it has invested more than $10 billion in the podcast indus ...
King Wan receives approval in-principle from the SGX-ST for the listing of 70 mil new shares
Nicole Lim - King Wan Corporation has received approval in-principle from the SGX-ST for the listing and quotation of 70 million new ordinary shares on the mainboard of the exchange. The company on Dec 17, 2025, proposed the placement of 70 million new ordinary shares in the company for 5 cents per share. This w ...
US seizing Venezuela-linked, Russian-flagged oil tanker after weeks-long pursuit
[WASHINGTON] The United States is attempting to seize a Russian-flagged oil tanker with links to Venezuela after a more than two-week-long pursuit...
US seizes Venezuela-linked, Russian-flagged oil tanker after weeks-long pursuit
[WASHINGTON] The US seized a Russian-flagged oil tanker that was being shadowed by a Russian submarine on Wednesday (Jan 7), after a...
US seizes Russian-flagged tanker, another tied to Venezuela as Trump widens oil push
It appears to be the first time in recent memory that the US military has seized a Russian-flagged vessel
Interra Resources transfers all its equity to in Goldwater Indonesia to Goldwater Company for $1
Nicole Lim - Interra Resources has transferred all of its equity interest comprising one ordinary share in Goldwater Indonesia to Goldwater Company for $1. This equity transfer is part of the group’s internal restructuring exercise. As such, Goldwater Company holds 100% equity interest directly in Goldwater In ...
Centurion Accommodation REIT receives temporary occupation permit for additional block in Westlite Mandai
Nicole Lim - The manager of Centurion Accommodation REIT (CAREIT) says that it has received the temporary occupation permit in respect of the additional block in Westlite Mandai. This will result in about $26.35 million being released to the relevant vendors of both Westlite Mandai and Westlite Toh Guan. CAREIT ...
AI ‘fatigue’ leaves investors focused on S&P’s other 493 stocks
A growing number of investors are now wagering that run, led by the Magnificent Seven, is about to end
US online holiday spending hits record levels despite slower growth, Adobe says
Jan 7 : U.S. online holiday spending growth slowed in the 2025 season, Adobe Analytics data showed on Wednesday, even as shoppers set a record on the back of steep discounts and wider use of buy-now-pay-later plans.Online spending from November 1 through December 31 rose 6.8 per cent to $257.8 bi ...
iFast’s proposed acquisition of Financial Alliance stake could be more exciting than it looks
Jude Chan - The relatively modest investment could burnish the growth strategy of iFast, which is on track for a multi-year growth trajectory
Frasers Centrepoint Trust secures S$400 million green loan facility
Evan See - This involves term loan and revolving credit facilities from DBS, OCBC and Maybank
Oil falls after Trump says Venezuela will supply to US
[LONDON] Oil prices fell on Wednesday (Jan 7) after President Donald Trump said the United States had reached a deal to import...
Warner Bros rejects revised Paramount bid as risky leveraged buyout
The decision keeps Warner Bros on track to pursue the deal with Netflix
Strategy rises as MSCI shelves plans to exclude crypto treasury firms from indexes
Jan 7 : Shares of billionaire Michael Saylor's Strategy rose in premarket trading on Wednesday, after MSCI dropped a plan to exclude the bitcoin hoarder and other crypto treasury firms from its indexes.Digital asset treasury companies, often called DATCOs, surged in popularity in 2025 as a w ...
Samsung Electronics to buy 2.5 trillion won of its shares for employee compensation
[SEOUL] Samsung Electronics on Wednesday said it would acquire 2.5 trillion won (S$2.2 billion) worth of its own shares for employee and...
GameStop announces stock option award for CEO tied to $100 billion market-cap target
(Corrects to remove value of potential pay package in paragraph 1)Jan 7 : GameStop on Wednesday unveiled a compensation package for CEO Ryan Cohen, hinging on a turnaround that requires him to lift the struggling videogame retailer's market value more than tenfold and sharply boost pro ...
GameStop announces new stock option award for CEO Cohen
Jan 7 : GameStop said on Wednesday it has granted a performance-based stock option award to CEO Ryan Cohen that would fully vest only when the company's market value grows to $100 billion and the firm hits $10 billion in "cumulative performance" core prof ...
