Google, Accel partner to back Indian AI startups
BENGALURU :Alphabet's Google and venture capital firm Accel will partner to fund at least 10 early-stage Indian AI startups, marking the U.S. technology giant's first such funding partnership, top executives at the companies said on Thursday.The move comes as several U.S. tech firms like M ...
Rate hikes drive Japan regional banks towards mergers to survive
The lenders are facing increased competition for deposits as an inexpensive funding source with interest rates rising, and new rivals such as...
Stocks to watch: Keppel, CapitaLand Investment, CDL Hospitality Trusts, UOB, Wee Hur
Therese Soh - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Nov 25):
Amazon pushes in-house AI coding tool Kiro over competitors', memo shows
SAN FRANCISCO :Amazon suggested its engineers eschew AI code generation tools from third-party companies in favor of its own, a move to bolster its proprietary Kiro service, which it released in July, according to an internal memo viewed by Reuters.In the memo, posted to Amazon's internal news ...
UOB prices 850 million euro bonds due 2030 at 2.718%
Shikhar Gupta - They are expected to be listed on the Singapore Exchange on Dec 1
Asia tycoon backs US$1.5 billion AI bet with private credit fund
Koo Sr is a fourth-generation member of the Koo dynasty and controls a stake worth more than US$400 million in Chailease
UOB prices EUR850 mil worth of fixed rate covered bonds due 2030
Felicia Tan - United Overseas Bank (UOB) has priced EUR850 million ($1.28 billion) worth of fixed rate covered bonds. The bonds carry a coupon of 2.718% per annum and are payable annually in arrears. The bonds will be issued as the 13th series under the bank’s US$15 billion ($19.58 billion) global covered bond ...
Bolt partners with Pony.ai for driverless cars in Europe
STOCKHOLM :Estonian ride-hailing company Bolt said on Tuesday it has partnered with Chinese autonomous driving firm Pony.ai as it seeks to add driverless cars to its taxi services in Europe.The companies will first test and validate safety for the fully autonomous, driverless capability before deplo ...
Huawei maps out blueprint for building AI banks
Nurdianah Md Nur - Nearly four in five banks (78%) are exploring agentic AI, or autonomous systems capable of executing complex tasks with minimal human input, according to the International Data Corp. One of the main drivers is the push for hyper-personalisation at scale, a goal that challenges banking's long-st ...
Trump signs ‘Genesis Mission’ order to boost innovation with AI
The president is preparing an executive order that would allow the Department of Justice to sue states over AI regulations it deems...
Spotify to raise US prices in first quarter of next year, FT reports
Spotify will raise its U.S. subscription prices in the first quarter of next year, the Financial Times reported on Monday, citing three people familiar with the matter.The Swedish streaming giant said in August it would raise prices to 11.99 euros ($13.82) per month from 10.99 euros in markets inclu ...
Trump weighing advanced Nvidia chip sales to China, Lutnick says
The company remains shut out of the Chinese market for AI chips
Thinking big: E50 winners pursue growth amid economic storms
Tessa Oh - This year’s winners demonstrate how Singapore’s small to mid-sized companies are staying competitive by seeking new markets, customers and strategic capital to...
August Global Partners closes flagship AGP Healthcare Fund of $150 mil
Felicia Tan - August Global Partners (AGP) has closed its second fund, the AGP Healthcare Fund (AGPHC) of $150 million, surpassing its initial fundraising targets. The Edge Singapore understands the fund’s initial target was $100 million. According to AGP, the fund has secured commitments from a diverse base of ...
August Global Partners raises US$150 million in final close of Healthcare fund
Benjamin Cher - The fund seeks opportunities in healthtech, advanced manufacturing, digital health and precision medicine
Apple cuts jobs across its sales organisation in rare layoff
Employees who lost their jobs have until Jan 20 to secure another position within the company or they will be terminated with...
Realpage agrees to limit data collecting to settle DOJ rental price fixing case
The U.S. Justice Department has reached a settlement with RealPage over allegations it helped landlords fix rents by sharing pricing information through its software, court papers showed on Monday.Under the settlement, Realpage agreed to a three-year monitorship and limits on how it collects and use ...
Amazon pledges up to US$50 billion to expand AI, supercomputing for US government
One gigawatt of computing power is roughly enough to power about 750,000 US households on average
Alphabet races towards US$4 trillion valuation as AI-fuelled gains accelerate
Nvidia, Microsoft and Apple have previously hit a US$4 trillion valuation
Oil prices settle up 1% on bets Fed will cut US rates and doubts about Ukraine peace
Global brokerages remain split on whether the Fed will cut interest rates at its December meeting after last week’s mixed signals on...
Trump aims to boost AI innovation, build platform to harness government data
President Donald Trump on Monday signed an executive order to launch a government-wide effort to build an integrated artificial intelligence platform to harness federal scientific datasets to train next-generation technologies.The effort, dubbed the Genesis Mission, aims to transform scientific rese ...
US: Wall Street ends higher on tech rebound, rising rate cut bets
Third-quarter reporting season is drawing to a close
Europe: Shares recover on US rate-cut optimism; Ukraine peace talks in focus
Stoxx 600’s gains this year have been driven in part by defence stocks on prospects of higher Nato spending
Zoom lifts annual outlook on growing demand for AI tools in hybrid work
Zoom Communications raised its annual revenue and profit forecasts on Monday, benefiting from hybrid work trends and the integration of artificial intelligence into its products.Shares of the company rose 3.5 per cent in extended trading. Zoom has intensified its push to embed AI functionalities ac ...
Zoom Communications lifts annual outlook on accelerated demand for AI tools in hybrid work
Zoom Communications raised its annual revenue and profit forecast on Monday, benefiting from hybrid work trends and the integration of artificial intelligence into its products.Shares of the company were up 3.7 per cent in extended trading. Zoom has intensified its push to embed AI functionalities ...
Amazon to invest $15 billion in Indiana to boost data center infrastructure
Amazon.com is planning to invest about $15 billion in Northern Indiana to build data center campuses, the tech giant said as it looks to boost its cloud computing capacity to support booming artificial intelligence demand. The new data center project, which comes on top of an $11 billion outlay anno ...
Apple cuts jobs across sales team
Apple said on Monday it is cutting jobs across its sales teams to strengthen its customer engagement efforts, noting that only a small number of roles will be impacted by the layoffs.An Apple spokesperson told Reuters that the company is continuing to hire and the affected employees can apply for ne ...
Apple cuts jobs across its sales organization, Bloomberg News reports
Apple has cut dozens of jobs across its sales organization as it looks to streamline how it offers products to businesses, schools and governments, Bloomberg News reported on Monday, citing people familiar with the matter.The iPhone maker notified affected employees over the past couple of weeks, Bl ...
Anthropic bolsters AI model Claude's coding, agentic abilities with Opus 4.5
Artificial intelligence startup Anthropic unveiled an upgraded Opus model on Monday, boosting Claude's ability to write detailed code, create sophisticated agents and streamline enterprise workflows through spreadsheet and financial analysis.The new model comes as Amazon and Alphabet-backed Ant ...
Comcast to pay $1.5 million US fine after vendor data breach
WASHINGTON :Comcast will pay a $1.5 million fine after a vendor breach exposed personal data from 237,000 current and former customers, the Federal Communications Commission said on Monday.The FCC said a debt collector used by Comcast until 2022, Financial Business and Consumer Solutions, suffered a ...
NASA reduces flights on Boeing's Starliner after botched astronaut mission
NASA on Monday slashed the number of astronaut missions on Boeing's Starliner contract and said the spacecraft's next mission to the International Space Station will fly without a crew, reducing the scope of a program hobbled by engineering woes and outpaced by Elon Musk's SpaceX.The ...
NASA reduces flights on Boeing's Starliner spacecraft after botched astronaut mission
NASA on Monday slashed the number of astronaut missions on Boeing's Starliner contract and said the spacecraft's next mission to the International Space Station will fly without a crew, reducing the scope of a program hobbled by engineering woes and outpaced by Elon Musk's SpaceX.The ...
NASA trims Boeing Starliner contract, makes last two missions optional
NASA and Boeing are revising the Starliner spacecraft contract to reduce the number of missions from six to four, the U.S. space agency said in a statement on Monday.The original $4.5 billion contract, awarded to Boeing under NASA's Commercial Crew Program, envisioned six post-certification ope ...
Stocks jump, US yields fall as Fed rate cut bets increase
NEW YORK :Global stocks advanced for a second straight session on Monday as rising expectations for a December rate cut from the U.S. Federal Reserve helped to soothe recent concerns about stretched valuations in the AI space while longer-dated U.S. Treasury yields dipped.Stocks stumbled last week t ...
