Nvidia bets on new data center chips for growth as sales outlook tops estimates
May 20 : Nvidia CEO Jensen Huang on Wednesday aimed to assure investors that the world's most valuable company can keep up its blockbuster growth with the help of a broad base of customers and that new products will help it beat the $1 trillion in sales it has forecast for its flagship AI chips ...
Nvidia’s profit hits US$58.3 billion as AI boom gathers more steam
The chipmaker’s biggest problem appears to be meeting demand from its spendthrift tech industry customers
SpaceX IPO filing brings Musk's interplanetary ambitions to Wall Street
May 20 : As Elon Musk's SpaceX races toward what could be the largest IPO in history, its filing delivers a rare mix of hard financial data and bold ambitions of exploring the frontiers of space.The filing's references to lunar missions and Mars settlement echo the popular space-age futuri ...
Singapore shipping veteran, SBF chair Teo Siong Seng and others accused by US of price fixing
The prices of standard shipping containers are said to have roughly doubled between 2019 and 2021, notes the US Department of Justice
Singapore shipping veteran Teo Siong Seng and other container firm execs accused of price fixing in US
The prices of standard shipping containers are said to have roughly doubled between 2019 and 2021, notes the US Department of Justice
Container firm execs, including shipping veteran Teo Siong Seng, accused of price fixing in US
The prices of standard shipping containers are said to have roughly doubled between 2019 and 2021, notes the US Department of Justice
Musk eyes Wall Street record with SpaceX IPO
NEW YORK: Elon Musk's SpaceX rocketed toward Wall Street on Wednesday (May 20), filing plans for what could become the largest initial public offering in history as the company reportedly seeks to raise up to US$75 billion on the public markets.If successful, the listing of the rocket and satel ...
TikTok, YouTube lag on UK child safety as rivals act, regulator says
LONDON, May 21 : TikTok and Alphabet's YouTube have failed to set out meaningful steps to protect British children from harmful online content, media regulator Ofcom said on Thursday, citing data showing widespread exposure on their platforms. Ofcom said neither company had made significant new ...
Hormuz crisis makes Asean’s push for sustainable aviation fuel more urgent
The region’s aviation must break its overdependence on jet fuel
Why Singapore overtook Indonesia to become S-E Asia’s largest stock market – and what happens next
Jermaine Fok - SGX’s market capitalisation climbs to US$644 billion as IDX’s falls to US$618 billion
Iran reviewing Trump’s latest proposal on ending war, as clock ticks on ceasefire with US
Trump also reiterated his determination not to allow Iran to acquire a nuclear weapon
Iran reviewing latest US response on ending war, as Trump suggests he can wait for a few days
Trump also reiterated his determination not to allow Iran to acquire a nuclear weapon
Trump says willing to wait for a few days to get ‘right answer’ on Iran peace deal
Talks to end the war have shown little progress, while soaring petrol prices have weighed on the president’s approval ratings
Trump to sign order on AI oversight as security fears mount among supporters
WASHINGTON, May 20 : U.S. President Donald Trump is expected to sign an executive order on AI and cybersecurity as soon as Thursday, two sources familiar with the matter told Reuters, as pressure grows from parts of his political base to increase oversight of new AI models, such as Anthropic's ...
Oil rebounds on US-Iran peace deal uncertainty and inventory drawdowns
The number of vessels crossing the strait remains well below the 130 or so ships that crossed daily before the war
Oil prices slide after Trump says US-Iran negotiations in ‘final stages’
The number of vessels crossing the strait remains well below the 130 or so ships that crossed daily before the war
Intuit trims annual TurboTax revenue forecast, to cut 17% of workforce
May 20 : Intuit lowered annual revenue forecast for its tax-filing software, TurboTax, on Wednesday and said it would cut 17 per cent of its full-time workforce, sending its shares down 14 per cent after the bell amid lingering fears of AI disruption.The reduction of nearly 3,000 roles globally, rep ...
Wall Street climbs 1% with chip stocks rallying before Nvidia results
Stocks gradually added to gains following the release of minutes from the Federal Reserve’s last meeting
Commentary: This energy crisis hurts Filipino professionals already struggling on one pay cheque
For Filipino urban professionals, earning a living requires paying a premium to stay connected and employable, says Nicasio Pimentel from the University of Antique.
Instant View: SpaceX files long awaited IPO, creating a fresh AI play
NEW YORK, May 20 : Elon Musk's rocket and satellite maker SpaceX filed on Wednesday for its widely awaited initial public offering, which stands to raise the most ever in an initial offering.The firm said it has picked the Nasdaq as the trading venue for its blockbuster market debut, conf ...
European shares end near two-week highs on defence, tech boost
Global investors are keen on artificial intelligence bellwether Nvidia’s results
Bond yields, oil fall amid hopes for Iran deal; stocks end up with chip shares
NEW YORK/LONDON, May 20 : U.S. Treasury yields and oil prices fell on Wednesday as hopes increased that the U.S. is nearing a deal with Iran to end the war in the Middle East, while major stock indexes rose with chipmaker shares ahead of Nvidia's quarterly results.Investors continued to monitor ...
Matthieu Blazy’s Chanel debut fuels China expansion despite luxury slowdown
Chanel is betting on long-term growth in China, opening new boutiques and beauty stores as excitement over Matthieu Blazy’s first collections builds, even as the wider luxury industry faces softer demand.
Analysis:Fears of unfettered hacking spurred by Anthropic's Mythos AI model overstated
May 20 : Early fears that Anthropic’s new AI model, Mythos, could dramatically turbocharge hacking are looking overstated a month after its release.The company warned at launch in April that Mythos had uncovered thousands of software vulnerabilities — including flaws across every major operating ...
White House briefs AI firms on plans for model review, the Information reports
May 20 : The White House's Office of the National Cyber Director hosted a briefing for leading AI companies on a planned executive order that would empower intelligence and other government agencies to review advanced AI models before their release, the Information reported on Wednesday.The Nat ...
Barclays CEO says UK should seek ways to lower cost of Brexit
THE UK should look for ways to reverse the economic effect of Brexit, though it may be impractical to undo Britain’s exit...
Bank CEOs’ AI obsession collides with warning from watchdogs
The question of how to regulate AI is evolving across jurisdictions
Intuit to cut 17% of global jobs to streamline operations: memo
It joins a growing list of companies that have announced job cuts this year
S&P 500, Nasdaq open higher as chip stocks gain ahead of Nvidia results
[NEW YORK] The S&P 500 and the Nasdaq opened higher on Wednesday (May 20), lifted by a rebound in chip stocks ahead...
Don't fight AI, HSBC CEO tells staff members as banks begin job cuts
CEO Georges Elhedery pledged that AI could make HSBC workers "more productive versions of themselves".
MAS revokes Bsquared crypto permit over ‘serious breaches’
The company’s license was revoked as of May 14
StanChart CEO seeks to reassure staff members over 'lower value human capital' comment
The bank cited AI as a driver to slim its operations in its quest to increase profitability and tackle competition.
Former OCBC trading rep, ex-GM of Sasseur Reit affiliate found guilty of trading offences
Evan See - One is convicted of abetting false trading and the other, of engaging in insider trading
Chatbots struggle with news accuracy and sourcing ahead of US midterms
xAI’s Grok returned at least a factual error nearly 52 per cent of the time
