OpenAI launches GPT-5.2 after 'code red' push to counter Google's Gemini 3
OpenAI on Thursday (Dec 11) launched its GPT-5.2 artificial intelligence (AI) model, after CEO Sam Altman reportedly issued an internal "code red" in early December pausing non‑core projects and redirecting teams to accelerate development in response to Google's Gemini 3.GPT-5.2 c ...
Exclusive-Google faces EU fine next year for favouring own services, sources say
BRUSSELS, Dec 11 : Alphabet's Google is expected to be fined by EU antitrust regulators next year for not doing enough to comply with EU rules against favouring its own services and products in search results, people familiar with the matter said.A penalty against Google will likely rile the Un ...
Rivian debuts custom self-driving chip, $2,500 driver-assistance package
PALO ALTO, Dec 11 : Rivian Automotive on Thursday unveiled its first custom computer chip for self-driving, shifting away from Nvidia's processors, and a new paid driver-assistance package called Autonomy+, as the electric-vehicle maker leans on artificial intelligence to boost revenue.The anno ...
Thai PM Anutin says he will return ‘power to the people’, setting stage for vote
He has submitted a request for the dissolution of parliament to Thailand’s King, according to a government source
Thai PM moves to dissolve parliament, setting stage for elections
King Maha Vajiralongkorn has endorsed the decree
Thailand set for early elections as King endorses PM Anutin’s move to dissolve parliament
King Maha Vajiralongkorn has endorsed the decree
OpenAI sued for allegedly enabling murder-suicide
Dec 11 : OpenAI and its largest financial backer, Microsoft, were sued in California state court on Thursday over claims that OpenAI's popular chatbot ChatGPT encouraged a mentally ill man to kill his mother and himself.The lawsuit said that ChatGPT fueled 56-year-old Stein-Erik Soelberg' ...
Satcoms shoot for a higher orbit
Felicia Tan - Valuations of US space companies may have hit stratospheric levels, but the fortunes of local satcom companies is tracking mixed growth trajectories. Elon Musk, widely recognised as the chief executive of electric vehicle (EV) maker Tesla, is also the founder and CEO of the aerospace company SpaceX. ...
Oracle shares drop the most since 2001 on mounting AI spending
The stock has already lost about a third of its value through Wednesday’s close since a record high on Sep 10
J.P. Morgan harnesses blockchain for debt issuance amid digital asset adoption boost
Dec 11 : J.P. Morgan said on Thursday that it issued a U.S. commercial paper for Galaxy Digital Holdings on the Solana blockchain, marking an important step in the broader institutional adoption of digital assets. Cryptocurrency exchange Coinbase Global and investment management firm Franklin Temple ...
Disney invests US$1 billion in OpenAI, strikes licensing deal
The company to tap OpenAI tools for new products and experiences, and to roll out ChatGPT to staff
S&P 500, Nasdaq opens lower on Oracle AI spending jitters
[NEW YORK] The S&P 500 and the Nasdaq opened lower on Thursday (Dec 11) as fresh worries over Oracle’s hefty AI spending...
SLB, Shell partner to develop AI-powered solutions for energy industry
Dec 11 : SLB said on Thursday that it was partnering with Shell to develop digital and artificial intelligence tools aimed at improving performance and efficiency across upstream operations.Shell and SLB will develop agentic AI-powered solutions designed to enhance the capabilities of technical expe ...
Disney sends cease-and-desist letter to Google, CNBC reports
Dec 11 : Walt Disney has sent a cease-and-desist letter to Alphabet's Google, CNBC reported on Thursday.
Cost of insuring Oracle debt against default surges
LONDON, Dec 11 : The cost of insuring Oracle debt against default surged on Thursday to its highest in at least five years, after the company's results missed forecasts, reigniting investor concern about its massive borrowing to fund its push into AI.The company's five-year credit default ...
Disney to invest $1 billion in OpenAI and bring characters to Sora
Dec 11 : Walt Disney said on Thursday it will make a $1 billion equity investment in OpenAI and that the companies have agreed to bring the entertainment giant's characters to OpenAI's Sora video generation tool.As part of the three-year licensing agreement, Sora will be able to generate s ...
Disney to invest $1 billion in OpenAI, license characters for Sora AI tool
Dec 11 : Walt Disney is investing $1 billion in OpenAI and will let the startup use characters from Star Wars, Pixar and Marvel franchises in its Sora AI video and image generator, a crucial deal that could reshape how Hollywood makes content.The partnership announced on Thursday is a pivotal step i ...
Microsoft fights $2.8 billion UK lawsuit over cloud computing licences
LONDON, Dec 11 : Microsoft was on Thursday accused of overcharging thousands of British businesses to use Windows Server software on cloud computing services provided by Amazon, Google and Alibaba, at a pivotal hearing in a 2.1 billion-pound ($2.81 billion) lawsuit.Regulators in Britain, Europe and ...
Disney to invest $1 billion in OpenAI, license characters for Sora video tool
Dec 11 : Walt Disney is investing $1 billion in OpenAI and will let the startup use characters from Star Wars, Pixar and Marvel franchises in its Sora AI video generator, a crucial deal that could reshape how Hollywood makes content.The three-year partnership announced on Thursday is a pivotal step ...
Disney to invest US$1 billion in OpenAI, license characters for Sora video tool
Walt Disney is investing US$1 billion in OpenAI and will let the startup use characters from Star Wars, Pixar and Marvel franchises in its Sora AI video generator, a deal that could reshape how Hollywood makes content.The three-year partnership announced on Thursday (Dec 11) is a pivotal step in Hol ...
Crypto firm Nexo purchases Argentina's Buenbit in Latin America expansion
Dec 11 : Cryptocurrency firm Nexo is acquiring Buenbit, an Argentine trading platform, as it targets growth across Latin America, it said on Thursday. Nexo, which earlier this year announced it would return to the United States after leaving the market due to $45 million in regulatory fines, has co ...
Trafigura, Gupta lawyers trade blame over metals fraud as trial winds up
LONDON, Dec 11 : Commodity trader Trafigura told London’s High Court on Thursday that Indian businessman Prateek Gupta had woefully failed to show its employees knew of or took part in a $600 million metals fraud, as lawyers made closing arguments in a long-running case.Gupta's lawyers counte ...
EU antitrust regulators erred in clearing Broadcom's VMware deal, cloud industry lobby says
BRUSSELS, Dec 11 : EU antitrust regulators failed to analyse properly the risks of Broadcom's $69 billion acquisition of cloud computing firm VMware before clearing the deal, the Cloud Infrastructure Services Providers in Europe (CISPE) has told Europe's second-highest court.CISPE, which h ...
Singapore’s F&B industry gears up for a rocky 2026
Jaime Ee - Players in the mid-high to luxury segment look back on 2025, and prepare for the challenges ahead
Architects of AI named Time's 'Person of the Year'
NEW YORK, Dec 11 : Time magazine named the architects of artificial intelligence its "Person of the Year" on Thursday, citing their ability to deliver the age of thinking machines with transformative technology. "Person of the Year is a powerful way to focus the world’s attention o ...
Kalshi, Crypto.com launch prediction markets coalition as investor interest soars
Dec 11 : Kalshi and Crypto.com said on Thursday they had launched a national alliance of prediction market operators that includes cryptocurrency exchange Coinbase, retail trading platform Robinhood and sports gaming operator Underdog.The group, Coalition for Prediction Markets (CPM), comes as the U ...
Opec says Opec+ raised output in November, leaves demand view steady
[LONDON] Opec said on Thursday (Dec 11) that the wider Opec+ oil producer group nudged up output in November as eight Opec+...
Sembcorp to acquire Australian power company Alinta Energy in A$6.5 billion deal
Derryn Wong - The asset is country’s fourth-largest utilities provider with around 1.1 million customers
Amazon plans new one-hour pickup service in stores, Business Insider reports
Dec 11 : Amazon is developing a "rush" pickup service that would let customers collect orders from its stores within an hour, Business Insider reported on Thursday, citing an internal document and a person familiar with the matter.The feature would allow shoppers to place a "unified&q ...
Filipino typhoon survivors sue Shell over climate change
Typhoon Rai struck in December 2021, killing over 400 people and leaving hundreds of thousands homeless
Axa warns on data centre ‘gambles’ as private credit risks rise
This comes amid growing awareness of emerging risks in private markets
Sembcorp to acquire Australian energy retailer Alinta Energy for A$6.5 bil
Nicole Lim - Sembcorp Industries (Sembcorp) has entered into a share sale agreement to acquire 100% of Alinta Energy for A$6.5 billion ($5.60 billion). Sembcorp will acquire the leading energy retailer and generator company from Australia from Pioneer Sail Holdings (PSH) and Latrobe Valley Power (LVP). Chow Tai ...
Seatrium consortium bags major contract with TenneT to link Germany’s grid with North Sea wind power
Benjamin Cher - This brings Seatrium’s value of new wins for FY2025 to over S$4 billion to date
Seatrium and GE Vernova consortium wins BalWin5 contract from TenneT
Lin Daoyi - TenneT has awarded a contract to a consortium comprising GE Vernova and Seatrium to deliver a major part of the BalWin5 project. With this latest contract in the bag, Seatrium’s new wins for FY2025 has reached more than $4 billion. BalWin5 is a new 2.2 GW offshore high-voltage direct current (HVDC ...
