How the Anthropic-Pentagon dispute over AI safeguards escalated
March 11 : A standoff erupted between the U.S. Department of Defense and Anthropic in January after the AI lab refused to loosen safety guardrails on its systems, prompting the Pentagon to label it a 'supply-chain risk,' and putting the company's government contracts in jeopardy.The C ...
Bumble shares soar as turnaround efforts power upbeat quarterly revenue
March 11 : Bumble on Wednesday reported fourth-quarter revenue above estimates as the dating app operator began to see early benefits from a broad turnaround plan, sending its shares soaring about 20 per cent in extended trading.Bumble has been undergoing a strategic overhaul since founder Whitney W ...
Bumble posts upbeat quarterly revenue as turnaround efforts start to pay off
March 11 : Bumble on Wednesday reported fourth-quarter revenue above estimates as the dating app operator began to see early benefits from a broad turnaround plan, sending its shares soaring about 24 per cent in extended trading.Bumble has been undergoing a strategic overhaul since founder Whitney W ...
FCC chair criticizes slow pace of Amazon satellite launches
WASHINGTON, March 11 : The chairman of the Federal Communications Commission dismissed criticism from Amazon.com of Elon Musk's SpaceX plan to launch a constellation of up to 1 million satellites."I think Amazon should focus on getting Amazon's house in order with their own launches a ...
Musk unveils joint Tesla-xAI project 'Macrohard', eyes software disruption
March 11 : Elon Musk on Wednesday unveiled a joint project between Tesla and his artificial intelligence startup xAI, which he called "Macrohard" or "Digital Optimus" and said that it was a system capable of emulating the functions of software companies.In a post on his social me ...
Gen Digital overturns $481 million patent award in Columbia University lawsuit
WASHINGTON, March 11 : A U.S. appeals court on Wednesday overturned a $481 million ruling that New York's Columbia University had won against software company Gen Digital for infringing patents related to cybersecurity technology.The U.S. Court of Appeals for the Federal Circuit said that Colum ...
Astrophysicists figure out what caused a super-bright supernova
WASHINGTON, March 11 : A supernova - the explosion marking the end of a massive star's life - is one of the brightest cosmic events, usually about a billion times more luminous than the sun. But some - a small fraction - are even brighter than that, 10 to 100 times more luminous. These are call ...
Synopsys rolls out new software tools for designing AI chips
SANTA CLARA, California, March 11 : Synopsys on Wednesday rolled out new software tools to handle the fast-increasing complexity of designing artificial intelligence chips, the first wave of new offerings after its $35 billion buyout of engineering software firm Ansys.Synopsys, which announced the n ...
Citi, StanChart evacuate Dubai offices, HSBC closes Qatar branches as fears grow
The moves come after Iran threatened to target US and Israeli banks in the Gulf region
Q&M to buy Australian dental group for A$144.5 million
Janice Lim - The acquisition target has a network of more than 40 clinics and about 120 dentists
Dollar rises, as investors remain on edge about Middle East risks
NEW YORK, March 11 : The dollar strengthened against the euro and the yen on Wednesday as investors remain on edge over further escalation in the Middle East conflict that has driven up energy prices worldwide as Iran struck tankers and energy storage facilities in fresh attacks.The dollar has risen ...
Dollar firm as traders eye Middle East risks
NEW YORK, March 11 : The dollar edged higher on Wednesday as concerns about a further escalation in the Middle East conflict supported demand for the U.S. currency, while data showed U.S. consumer prices rose moderately in February.Investors remain on edge as the Middle East conflict threatens to fr ...
Iran-linked hackers claim responsibility for attack on US medical device maker Stryker
March 11 : An Iranian-linked hacking group on Wednesday claimed responsibility for a destructive cyberattack on U.S.-based medical device and services provider Stryker, according to messages posted to the group's Telegram channel.The Michigan-based company, with 56,000 employees and operations ...
Iran-linked hackers attack US medical device maker Stryker
March 11 : An Iranian-linked hacking group on Wednesday claimed responsibility for a destructive cyberattack on U.S.-based medical device and services provider Stryker, according to messages posted to the group's Telegram channel and social media reports.Stryker shares fell about 3.4 per cent o ...
Stryker shares fall after report on suspected Iran-linked cyberattack
March 11 : Stryker's shares fell about 3 per cent on Wednesday after the Wall Street Journal reported that the medical equipment maker was hit by a suspected Iran-linked cyberattack.The company is experiencing a global outage across its systems. Staff and contractors have claimed that the logo ...
WhatsApp launches parent-managed accounts for pre-teens amid safety concerns
All personal conversations will remain private and protected with end-to-end encryption.
Nvidia invests US$2 billion in Nebius in new data centre deal
[AMSTERDAM] Nvidia will invest US$2 billion in Nebius Group as part of a strategic partnership to develop and build artificial intelligence data...
IEA proposes record release of strategic stocks in response to Iran war oil price surge
The International Energy Agency has recommended the release of 400 million barrels of oil.
Meta unveils plans for batch of in-house AI chips
SAN FRANCISCO, March 11 : Meta Platforms on Wednesday unveiled a roadmap of four new chips that the company is making in-house, as it rapidly expands its data centers.Like many big tech companies such as Alphabet and Microsoft, Meta has invested heavily in building a team that can design chips in-ho ...
Stocks fall, dollar edges up after US inflation; focus squarely on oil
BOSTON/LONDON, March 11 : Wall Street shares fell but the dollar held firm on Wednesday, after data showed U.S. inflation picked up as expected in February, although most investor focus was squarely on the oil price and on the chances that the U.S.-Israeli war on Iran could have a longer-term impact ...
Stocks mixed, dollar edges up after US inflation; focus squarely on oil
BOSTON/LONDON, March 11 : Global shares were mixed and the dollar held firm on Wednesday, after data showed U.S. inflation picked up as expected in February, although most investor focus was squarely on the oil price and on the chances that the U.S.-Israeli war on Iran could have a longer-term impac ...
Stocks dip, Treasury yields jump as oil pushes higher
Global markets slide as oil prices jump nearly per cent.
CDL eyes chances to unlock value from commercial portfolio, keeps options open for mature assets
Chong Xin Wei - Its revamped City Square Mall has about 26,000 sq ft more in gross floor area and new leases at higher rental rate
Wall Street mixed as investors assess IEA announcement, inflation data
[NEW YORK] Wall Street’s main indexes were mixed on Wednesday (Mar 11) as investors assessed a key inflation report and the International...
Wall St opens mixed as investors assess inflation data
[NEW YORK] Wall Street’s main indexes opened mixed on Wednesday (Mar 11) as investors assessed a key inflation report.
UI Boustead Reit’s public offer of 33.9 million units 2.9 times subscribed
Shikhar Gupta - The counter is expected to begin trading at 2 pm on Mar 12
Q&M on acquisition binge with MOU to acquire dental group in Australia for A$144.5 mil
The Edge Singapore - Just one week after Q&M Dental Group announced plans to acquire a local rival dental chain, it has announced a much bigger deal to acquire an unnamed dental group in Australia. According to Q&M, this acquisition, first flagged by The Edge Singapore in a story published on March 5, will help ...
Iran tells world to get ready for oil at US$200 a barrel as it fires on merchant ships
The warning comes as three more ships came under attack in the blockaded Gulf
Iran tells world 'get ready for US$200 a barrel'
The warning comes as three more ships came under attack in the blockaded Gulf
GoTo earnings forecast tops estimates after cost reductions
Growth cooled from its breakneck pace as the firm pivots to focus on profitability
Japan's MUFG, State Bank of India partner to finance projects, including M&A
MUMBAI, March 11 : Japan's Mitsubishi UFJ Financial Group (MUFG) and the State Bank of India (SBI) on Wednesday announced a strategic partnership to structure and finance projects, including mergers, acquisitions and real estate financing for Indian and global clients.The alliance follows recen ...
IPO of UI Boustead REIT is 3.3 times subscribed
Teo Zheng Long - The IPO of UI Boustead REIT is 3.3 times subscribed. A total of 677,175,200 units were sold, with 33.9 million units sold to retail investors. This IPO, which raised $973.6 million, is priced at 88 cents each, which implies a price/NAV of 1.0 time and projected distribution yield of 7.8% for FY2027. ...
Hong Kong watchdog launches probe into Citic local unit, sources say
HONG KONG, March 11 : Hong Kong's securities regulator has launched a probe into the local unit of Chinese brokerage Citic Securities linked to its handling of some recent share sale transactions, two sources with knowledge of the matter said on Wednesday.The Securities and Futures Commission ( ...
Nvidia to invest $2 billion in neocloud Nebius amid AI data center push
March 11 : Nvidia said on Wednesday it will invest $2 billion in artificial intelligence cloud company Nebius, adding to the leading chipmaker's growing list of investments in AI firms and data center infrastructure. U.S.-listed shares of Amsterdam-based Nebius jumped over 10 per cent in premar ...
