Vultr to invest $1 billion in Ohio AI cluster using AMD chips
Dec 2 : Cloud infrastructure company Vultr said on Tuesday it would invest more than $1 billion to launch a new artificial intelligence cluster powered by Advanced Micro Devices' processors at a new data center in Springfield, Ohio.The new cluster is a 50-megawatt, 24,000-chip facility that wil ...
Analysis:Strong start to online holiday shopping masks signs of a fragile US consumer
NEW YORK, Dec 2 : The U.S. holiday shopping season kicked off to record online sales. But underlying signs of economic fragility signal a pullback in spending could be looming. Consumer confidence fell again in November. Still, Americans spent a record $44.2 billion online during the period retaile ...
Anthropic acquires developer tool startup Bun to scale AI coding
Dec 2 : Artificial intelligence startup Anthropic said on Tuesday it has acquired Bun, which helps developers run and manage codes more effectively, as the Claude maker looks to boost the speed and stability of its coding agent.Bun is expected to help Anthropic scale its code‑generation tool Claud ...
Strategy's leveraged ETFs hit hard by crypto slump
Dec 2 : Leveraged exchange‑traded funds (ETFs) linked to bitcoin hoarder Strategy are among the biggest casualties of this year's crypto slump, as falling bitcoin price battered shares of the largest corporate holder of the token.The T‑Rex 2X Long MSTR Daily Target ETF and Defiance Daily Ta ...
Nvidia CFO says chipmaker yet to finalize $100 billion OpenAI deal
Dec 2 : Nvidia's agreement with ChatGPT parent OpenAI to invest up to $100 billion in the startup is still not finalized, the chipmaker's chief financial officer Colette Kress said on Tuesday at the UBS Global Technology and AI Conference in Arizona. Kress' comments add to intensifyin ...
Stocks rise, bonds and bitcoin regain some footing
NEW YORK/LONDON, Dec 2 : Global shares rose on Tuesday and both cryptocurrencies and global government bonds stabilised after the previous day's selloff, which was triggered by a looming interest rate hike in Japan. Investors are also gearing up for an expected interest rate cut by the U.S. Fe ...
Stocks gain, bonds and bitcoin find some footing
NEW YORK/LONDON, Dec 2 : Global shares rose on Tuesday and both cryptocurrencies and global government bonds stabilised after the previous day's selloff triggered by a looming interest rate hike in Japan. Investors are also gearing up for an expected interest rate cut from the U.S. Federal Rese ...
Amazon to use Nvidia tech in AI chips, roll out new servers
LAS VEGAS, Dec 2 : Amazon.com's AWS cloud computing unit on Tuesday said it will adopt key Nvidia technology in future generations of its artificial intelligence computing chips as the firm ramps up efforts to get major AI customers using its services.AWS, or Amazon Web Services, said it will a ...
Temasek-backed Xora Innovation leads US$36 million Series A funding in Vinci
Goh Ruoxue - Khosla Ventures and Eclipse participate in seed and Series A rounds
Temasek-backed Xora Innovation leads US$46 million funding in Vinci
Goh Ruoxue - Khosla Ventures and Eclipse participate in the Series A round
OpenAI declares ChatGPT ‘code red’ over stiff competition: report
CEO Altman says resources must be devoted to fending off the new competition to its chatbot
Axiado raises $100 million for chip to save space, power in AI data centers
SAN FRANCISCO, Dec 2 : Axiado, a Silicon Valley-based startup that is making a chip designed to save space and power in artificial intelligence servers, said on Tuesday it has raised $100 million in fresh capital.Inside AI data centers, thousands of powerful servers must work together in concert to ...
UltraGreen.ai’s 5.9 million share public offer 4.5 times subscribed
Goh Ruoxue - Its international offering was about 14.1 times subscribed
Wall Street opens higher as markets mull Fed’s next step
[NEW YORK] US stocks opened higher on Tuesday (Dec 2), steadying after Wall Street’s first pullback in more than a week in...
Nomura CEO sees big growth phase in wealth and asset management
The company’s shares rise above the key metric for first time since 2016
US online sales surge to $44.2 billion during five-day holiday shopping, Adobe Analytics says
Dec 2 : U.S. shoppers spent $14.25 billion on Cyber Monday, pushing total online sales over the Thanksgiving weekend to $44.2 billion, according to an Adobe Analytics report, as consumers lapped up offers on everything from gadgets to household essentials.Spending rose 7.7 per cent during the so-cal ...
Record shoppers, online sales surge signal strong US holiday season momentum
Dec 2 : U.S. shoppers spent $14.25 billion on Cyber Monday, pushing total online sales over the Thanksgiving weekend to $44.2 billion, according to an Adobe Analytics report, as consumers lapped up offers on everything from gadgets to household essentials.Spending rose 7.7 per cent during the so-cal ...
Malaysia's Felda, FGV say Terengganu land spat could disrupt operations
They were issued an order by Terengganu state to vacate palm oil plantation land there
Michael and Susan Dell to put $250 in investment accounts of 25 million US children
Dec 2 : Michael Dell and his wife Susan Dell will deposit $250 each in the investment accounts of 25 million American children, in a $6.25 billion philanthropic pledge as part of the Trump administration's Invest America initiative.The initiative, known as "Trump accounts", was create ...
Dell family to donate $6 billion to 'Trump accounts' of 25 million US children
WASHINGTON, Dec 2 : Entrepreneur Michael Dell and his wife, Susan, will deposit $250 in the individual investment accounts of 25 million American children in a $6.25 billion philanthropic pledge as part of the Trump administration's Invest America initiative.The initiative, known as "Trump ...
Michael and Susan Dell to donate $6 billion to Trump accounts of 25 million US children
Dec 2 : Michael Dell and his wife, Susan, will deposit $250 in the individual investment accounts of 25 million American children in a $6.25 billion philanthropic pledge as part of the Trump administration's Invest America initiative.The initiative, known as "Trump accounts", was crea ...
South Korea's Doosan Bobcat in talks to buy Wacker Neuson
Dec 2 : Wacker Neuson said on Tuesday that South Korea's Doosan Bobcat was in talks to buy a majority stake in the German construction equipment maker.Doosan Bobcat, a unit of Korean conglomerate Doosan, is in "advanced discussions" over an acquisition of around 63 per cent of Wacker ...
Value investor requests Low Keng Huat's independent directors ask for a better price
The Edge Singapore - Value investor Chua Bock Eng has written to Low Keng Huat’s board of directors asking the independent directors to engage with the offeror, to seek an improvement in the offer price. A fair compromise should, at the very least, match the book value of 79 cents, he says. The offeror is a company wi ...
UltraGreen.ai IPO's 13.6 times subscribed; raises US$162.5 mil in gross proceeds
Nicole Lim - UltraGreen.ai Limited has received a total subscription and indications of interest of 13.6 times for the 112,068,200 offering shares offered for its IPO. The shares are offered at US$1.45 per share, or $1.892 per share for the Singapore Public Offer. This brings the amount raised in the public offe ...
UltraGreen.ai's IPO 13.6 times subscribed; raises US$162.5 mil in gross proceeds
Nicole Lim - UltraGreen.ai has received a total subscription and indications of interest of 13.6 times for the 112,068,200 offering shares offered for its IPO. The shares are offered at US$1.45 per share, or $1.892 per share for the Singapore Public Offer. This brings the amount raised in the public offering to ...
UltraGreen.ai's IPO, 13.6 times subscribed, opens at US$1.51
Nicole Lim - UltraGreen.ai debuted on the Singapore Exchange at US$1.51, a slight gain from its offer price of US$1.45. The share price reached as high as $1.62 before easing. As at 10.30 am, this counter was the second most active with more than 22.3 million shares changing hands. UltraGreen.ai received a total ...
Malaysia's Felda, FGV say Terengganu land spat could disrupt operations, impact national output
KUALA LUMPUR, Dec 2 : Malaysia's Federal Land Development Authority (Felda) and its commercial arm FGV Holdings Berhad said on Tuesday they had been issued an order by Terengganu state to vacate palm oil plantation land there, warning it could impact operations and national output.FGV, one of t ...
Software firm Vinci, which speeds up hardware simulation, raises $36 million
SAN FRANCISCO, Dec 2 : Startup Vinci said on Tuesday it has raised $36 million to finance its business of building software that can speed chip and other hardware design by significantly accelerating the simulation of such devices.The Palo Alto, California-based company's software is entering a ...
Singapore factory activity rises in November amid mixed regional performance
Sharon See - The S&P Global Asean Manufacturing PMI hits the third-highest print on record, while East Asian economies remain in contraction territory
Danish ISS shares plunge on concerns over its role in deadly Hong Kong apartment fire
The stock slides as much as 11%, the most since April
India investigates Air India after plane flown repeatedly without safety certificate
It also grounded the aircraft and de-rostered “concerned personnel”
Euro steadies after inflation data, dollar rises vs yen as JGB auction brings relief
LONDON, Dec 2 : The euro steadied after data on Tuesday showed euro zone inflation was slightly hotter-than-expected, while the dollar rose against the yen as an auction of Japanese government debt drew solid demand, easing investor nerves after Monday's selloff in global fixed income.The euro ...
Dollar rebounds vs yen; euro firmer after inflation data
NEW YORK, Dec 2 : The dollar regained ground against the yen on Tuesday, recovering from Monday's selloff, even as expectations for a December rate hike by the Bank of Japan lingered, while the euro edged up after data showed euro zone inflation was slightly hotter than expected.The U.S. curren ...
Dollar rebounds vs yen, euro steady after inflation data
NEW YORK, Dec 2 : The dollar regained ground against the yen on Tuesday, recovering from Monday's selloff, even as expectations for a December rate hike by the Bank of Japan lingered, while the euro treaded water after data showed euro zone inflation was slightly hotter-than-expected.The greenb ...
