Meta seeks to avoid EU fine with free WhatsApp access for rival AI chatbots
BRUSSELS, May 12 : Meta Platforms has offered to give rival AI chatbots free access to its social messaging service WhatsApp for a month while it discusses ways to resolve EU antitrust concerns, the U.S. tech giant said on Tuesday, in a move that could stave off a hefty fine.Meta's move came af ...
Meta offers rival AI chatbots free access to WhatsApp for a month
BRUSSELS, May 12 : Meta Platforms has offered to give rival AI chatbots free access to its social messaging service WhatsApp for a month while it discusses commitments with EU antitrust regulators to address their concerns, the U.S. tech giant said on Tuesday.Meta's move came after the European ...
Samsung Electronics, S. Korean labor union fail to reach pay deal, strike looms
SEOUL, May 13 : Samsung Electronics and its South Korean labor union failed to reach a pay deal on Wednesday, its union leader said, expecting over 50,000 workers would go ahead with a full strike that threatens to disrupt production of AI and other chips.The impasse followed hours of marathon talks ...
Samsung Electronics, labor union fail to reach pay deal as strike looms
SEOUL, May 13 : Samsung Electronics and its South Korean labor union failed to reach a pay deal on Wednesday, its union leader said, ahead of a planned lengthy strike that threatens to disrupt production of AI and other chips.The impasse followed hours of marathon talks on Monday and Tuesday under a ...
Samsung Elec, labour union fail to reach pay deal as strike looms
SEOUL, May 13 : Samsung Electronics and its South Korean labour union failed to reach a pay deal on Wednesday, its union leader said, ahead of a planned lengthy strike that threatens to disrupt production of AI and other chips.The union has said that should its demands not be met, workers will strik ...
Samsung Electronics fails to reach deal with union; PM says strike must be averted
SEOUL, May 13 : Samsung Electronics and its union failed to reach a pay deal on Wednesday, heightening the risk of a massive strike that threatens not only chip production, the company's standing, but also the health of the South Korean economy.The impasse followed marathon government-mediated ...
OpenAI faces lawsuit in California court claiming chatbot gave advice that led to fatal overdose
May 12 : The parents of a man who died of an accidental drug overdose last year sued OpenAI and its founder and CEO Sam Altman in a California court on Tuesday, alleging the man was coached to take a dangerous combination of substances by ChatGPT.Leila Turner-Scott and Angus Scott say their son, Sam ...
Anthropic expands Claude's AI tools for law firms, lawyers
WASHINGTON, May 12 : Artificial intelligence company Anthropic on Tuesday released an expanded suite of features for lawyers using its Claude AI assistant, including tools for specialized legal topics and access within Claude to other legal research and AI products. San Francisco-based Anthropic sai ...
Explainer-What is in the US Senate's landmark crypto bill?
May 12 : The U.S. Senate Banking Committee late on Monday unveiled the text of a long-awaited, landmark bill that would create a regulatory framework for cryptocurrencies ahead of a scheduled committee vote to advance the bill on Thursday.Dubbed the Clarity Act, the bill aims to clarify financial re ...
Google in talks with SpaceX for Suncatcher orbital data center project
May 12 : Alphabet's Google on Tuesday said it has been in discussions with Elon Musk's SpaceX and others regarding future launches for its Project Suncatcher, an orbital data center project.Google is pushing the space-based data center idea with Project Suncatcher, a research effort to net ...
Google, SpaceX in talks to explore data centers in orbit, WSJ reports
May 12 : Alphabet's Google is in talks with Elon Musk's SpaceX for a rocket launch deal as the search giant expands its own efforts to put orbital data centers in space, the Wall Street Journal reported on Tuesday, citing people familiar with the discussions.
Stocks wilt as oil rallies; Iran ceasefire 'on life support'
“There's been speculation about the Iran conflict flaring back up. That's pushed oil prices higher,” said analyst Emily Roland of Manulife John Hancock Investments.
Starlink rival Eutelsat's Q3 revenue meets forecasts as LEO growth offsets video decline
May 12 : European satellite operator Eutelsat on Tuesday reported third-quarter revenue broadly in line with market expectations, as growth in its low Earth orbit internet business helped offset continued weakness in video.Investors are watching for the point at which LEO growth outweighs the declin ...
US prosecutors charge Singapore firm, two other parties over 2024 Baltimore bridge collapse
[WASHINGTON] The US Justice Department said on Tuesday (May 12) that a grand jury has indicted two foreign operators and a shoreside...
Google-backed Isomorphic raises $2.1 billion to scale AI-driven drug discovery
May 12 : Isomorphic Labs, an artificial intelligence-driven drug discovery company, said on Wednesday it has raised $2.1 billion in its latest funding round led by existing investor Thrive Capital.The funding round, completed at an undisclosed valuation, also included other existing investors, Googl ...
Anthropic's Mythos sends US banks rushing to plug cyber holes
NEW YORK, May 12 : U.S. banks are rushing to fix scores of IT system weaknesses flagged by Anthropic’s powerful but costly Mythos AI tool, prompting urgent repairs, software upgrades and raising the possibility of disruption for customers.A handful of the country's largest lenders currently h ...
MAS reappoints DPM Gan as chairman; adds SBF’s Ong Pang Thye to board
Sharanya Pillai - Managing director Chia Der Jiun has also been re-appointed for another two-year term
Pentagon deploys Anthropic's Mythos to patch cyber gaps while planning to ditch firm
WASHINGTON, May 12 : The Pentagon is deploying Anthropic's Mythos cybersecurity model to find and patch software vulnerabilities across the U.S. government even as it races to complete a transition away from the AI company, the Defense Department's top technology official said on Tuesday.
US stocks: Wall Street falls as hot CPI, Iran tensions weigh on sentiment
WALL Street’s main indexes edged lower on Tuesday, with the S&P 500 and the Nasdaq pulling back from record highs after a...
US stocks: S&P 500, Nasdaq open lower after April inflation data; Middle East in focus
THE S&P 500 and the Nasdaq opened lower on Tuesday, as investors weighed a hotter-than-expected inflation report and fading hopes for a...
eBay rejects GameStop’s US$56 billion bid as ‘neither credible nor attractive’
Analysts doubt that the buyout from the video game retailer for a company four times its market value will close
Canvas' parent company reaches agreement with hacking group behind breach
May 12 : The hacking group that targeted the Canvas educational tool and the parent company that owns the software struck a deal to secure stolen student and school data, the company said in a statement late Monday.In a statement posted to its website, the company said it "reached an agreement ...
Canvas' parent company reaches agreement with hacking group behind recent breach
May 12 : The hacking group that targeted the Canvas educational tool and the parent company that owns the software struck a deal to secure stolen student and school data, the company said in a statement late Monday.In a statement posted to its website May 11, the company said it "reached an agr ...
Under Armour expects another weak year as North America struggles, shares slump
It projects annual adjusted operating income to be in the range of US$140 million to US$160 million
Kimly's 1HFY2026 earnings up 10.6% y-o-y to $16.4 mil
The Edge Singapore - Coffeeshop chain Kimly's revenue for 1HFY2026 was up 1.3% y-o-y to $161.4 million with contributions from newly acquired coffeeshops and stalls. With better margins, the company was able to report earnings of $16.4 million, an increase of 10.6% for the same half year ended March. The company pl ...
NTT DC REIT's FY2026 DPU is 2.6% above IPO forecast
The Edge Singapore - NTT DC REIT, which has a March year-end, declared its maiden distribution of 5.56 US cents per Unit, outperforming IPO forecast of 5.42 US cents per Unit. The distribution will be paid on June 29 with the last day of trading on a cum-distribution basis on May 18. NTT DC REIT achieved gross revenue o ...
Intel’s US$440 billion six-week surge has short sellers circling
This will push their paper losses to more than US$12 billion, says data analytics firm S3 Partners
NTT DC Reit posts H2 DPU of US$0.0387, beating IPO forecast by 2.4%
Deon Loke - This comes as revenue – at US$115.3 million – also exceeds earlier projections
Warsh’s Fed nomination clears first in series of senate votes
His confirmation is all but guaranteed
Japan's Idemitsu returns to fossil fuel focus in new medium-term plan
TOKYO, May 12 : Japanese oil refiner Idemitsu Kosan announced a new fossil-fuel-focused medium-term plan on Tuesday with plans to invest a total of 1.8 trillion yen ($11.4 billion), of which 830 billion yen will be allocated to existing businesses.The move marks a significant shift from Idemitsu ...
Sea reports 6.2% increase in Q1 earnings to US$427.9 million
Benjamin Cher - The group’s revenue is up 46.6% year on year at US$7.1 billion
Oil prices jump on latest US-Iran peace process impasse
[LONDON] Oil prices rose by more than 3 per cent on Tuesday as stark differences between the US and Iran on a...
Prime US REIT announced 3.3% q-o-q rise in NPI in 1Q2026
The Edge Singapore - In 1Q2026 business updates, Prime US REIT made progress during the quarter with further improvements in portfolio occupancy, financial metrics, and leasing momentum. The REIT’s manager secured approximately 99,000 square feet of leasing volume in 1Q2026, with a positive rental reversion of +4.0%. ...
‘Put a ring on it’: Sony-GIC venture acquires Beyonce, Bruno Mars music catalogue
Sharanya Pillai - Previous media reports put the price tag for the portfolio at almost US$4 billion
