CNA Explains: What is frontier AI and how Anthropic's Mythos is reshaping cybersecurity
Anthropic’s Mythos AI model has demonstrated advanced capabilities in coding and system analysis, raising fears over how such tools could be misused.
S&P 500 and Nasdaq notch records; AMD results spark AI stock rally
Wall Street has surged in recent weeks, with investors looking beyond the Middle East conflict
Europe’s Stoxx 600 up over 2% on Iran deal optimism; earnings in focus
Money markets are currently pricing in a 67.6% chance that the European Central Bank hikes rate at its June meeting
Trading Day: A peace wish and chips
ORLANDO, Florida, May 6 : Hopes that a U.S.-Iran peace deal might be imminent propelled global stocks to new highs and sent oil prices tumbling on Wednesday, with the U.S. AI frenzy intensifying on strong earnings and reports of mega spending commitments in the sector. In my column today, I look at ...
Axon raises annual revenue growth forecast on strong software, security device demand
May 6 : TASER-maker Axon Enterprise raised its full-year revenue growth forecast on Wednesday, betting on strong demand for its software products and security devices.Shares of the company, which makes law enforcement technology, rose 1.4 per cent in extended trading.Software segment revenue grew du ...
Insurer MetLife's quarterly profit jumps on strong Asia demand
May 6 : MetLife reported a jump in first-quarter profit on Wednesday, lifted by broad-based gains across its diversified business on the back of robust insurance demand.Despite a choppy macro environment, insurance spending has continued to remain resilient as individuals and businesses prioritize c ...
Betting giant Flutter overhauls management at US FanDuel unit
DUBLIN, May 6 : Betting giant Flutter made major management changes at its U.S. FanDuel brand on Wednesday, saying FanDuel CEO Amy Howe had left the company and that Flutter veteran Dan Taylor would oversee the U.S. business in a new, beefed-up role.The changes come a little over two months since Fl ...
Snap's quarterly revenue rises, daily active users return to growth
May 6 : Snap said on Wednesday its first-quarter revenue rose 12 per cent on the back of resilient advertising spending and that its number of daily active users returned to growth, driven by markets outside of North America and Europe.The Snapchat parent, squeezed between dominant platforms such as ...
Snap flags ad revenue hit from Middle East conflict, slower North America growth
May 6 : Snap said on Wednesday its first-quarter advertising revenue was impacted by the conflict in the Middle East and slowing growth in North America, sending its shares 7 per cent lower in extended trading.The Snapchat parent also announced an end to a $400 million deal with AI startup Perplexit ...
Snap flags hits to ad revenue from Middle East conflict, slower North America growth
May 6 : Snap on Wednesday said its first-quarter advertising revenue was impacted by the conflict in the Middle East and slowing advertising revenue in North America.The Snapchat parent's shares fell nearly 6 per cent in extended trading.The social media company and AI startup Perplexity " ...
Chime reports maiden quarterly profit on resilient consumer spending
(Corrects paragraph 8 to say purchase volume, including outbound instant transfer, increased 15 per cent year-over-year to $40 billion, not 12 per cent to $39 billion)By Pritam Biswas and Arasu Kannagi BasilMay 6 : Chime posted its first-ever quarterly profit on Wednesday, as resilient consumer spen ...
Arm forecasts higher-than-expected revenue on surging AI data center demand
May 6 : Arm Holdings forecast first-quarter revenue above Wall Street expectations on Wednesday, benefiting from higher adoption of its chip technology as tech companies spend heavily on artificial intelligence compute.Arm shares jumped 12 per cent in after-hours trading.The company expects quarterl ...
Meta asks California judge to throw out landmark social media addiction verdict
May 6 : Meta Platforms has asked a Los Angeles judge to throw out a jury’s verdict finding the company liable for a woman’s depression in a landmark trial over whether the company has harmed young users by designing its platforms to be addictive.In the filing, submitted on Monday but made public ...
AirAsia orders 150 Airbus A220 jets worth $19 billion
MIRABEL, QUEBEC, May 6 : Malaysian budget carrier AirAsia has placed an order for 150 Canadian-designed A220-300 jets from Airbus, the largest single-firm order ever for the jetliner, the companies announced at an event in Quebec on Wednesday.Airbus commercial aviation CEO Lars Wagner said AirAsia i ...
AirAsia orders 150 A220 jets, Airbus executive says
MIRABEL, QUEBEC, May 6 : AirAsia is ordering 150 A220 jets from Airbus, Airbus commercial aviation CEO Lars Wagner announced at an event in Quebec on Wednesday.
In OpenAI trial, former technology chief says Altman sowed 'chaos,' distrust among top executives
SAN FRANCISCO, May 6 : A former technology chief for OpenAI testified in a video on Wednesday that CEO Sam Altman sowed distrust among top executives and persistent chaos as the company forged ahead with developing and broadly deploying its powerful artificial intelligence software.“My concern was ...
Fed's Goolsbee: AI success would be 'lovely,' but Fed would still need to watch for overheating
WASHINGTON, May 6 : Even if artificial intelligence is as transformative as advertised the U.S. Federal Reserve would still need to watch for rising inflation, Chicago Fed President Austan Goolsbee said on Wednesday."If it's as good as advertised, it would be lovely, wonderful, it will mak ...
Google offers changes to spam policy to avert EU antitrust fine
May 6 : Alphabet's Google has offered to change its spam policy criticised by publishers, according to a European Commission document seen by Reuters, in a move that may help it stave off an EU antitrust fine.The U.S. tech giant found itself in EU regulators' crosshairs after publishers co ...
Google moves to avert EU fines with offer in news search case, Bloomberg News reports
May 6 : Google has proposed modifications to the way it presents news results on its search engine, aiming to prevent additions to the 9.5 billion euros ($11.16 billion) in competition fines it has accumulated from the European Union, Bloomberg News reported on Wednesday.The company recently filed p ...
SpaceX to give Anthropic access to its massive AI supercomputer
May 6 : Elon Musk's SpaceX said on Wednesday it has signed a deal to give Anthropic access to Colossus 1, a massive AI supercomputer, bringing together two of the most prominent players in the artificial intelligence race.Anthropic plans to use the additional computing power to boost capacity f ...
Anthropic strikes SpaceX data center deal as it plows ahead on AI coding
SAN FRANCISCO, May 6 : SpaceX said on Wednesday it would lease its Colossus 1 artificial intelligence data center to Anthropic, pairing Elon Musk's company with a previously criticized rival in a deal that could add momentum to the Claude creator's AI coding push.Under the agreement, Anthr ...
SpaceX to rent Memphis data center to Anthropic in big AI tie-up
SAN FRANCISCO, May 6 : Elon Musk's SpaceX will give Anthropic access to its massive Colossus 1 artificial intelligence data center, bringing together two of the most prominent players in the artificial intelligence race.Under the deal announced on Wednesday, Anthropic will use the full computin ...
US stocks: S&P 500, Nasdaq hit record highs on AI optimism, Middle East peace hopes
THE S&P 500 and the Nasdaq hit record highs on Wednesday, extending their strong run powered by sustained enthusiasm around artificial intelligence...
Ted Turner, outspoken founder of CNN, dies at 87
Sharon Lee - The media mogul made philanthropic history by donating US$1 billion to the UN
India's Paytm forecasts higher revenue growth in FY 2027
BENGALURU, May 6 : Indian fintech firm Paytm said it expects to grow faster in fiscal 2027 than in the previous year, banking on gains in market share in merchant and consumer payments and growth in the distribution of its financial services.The company also expects its margins to expand in the curr ...
Indian fintech firm Paytm posts fourth-quarter profit on growth in core businesses
BENGALURU, May 6 : Indian fintech firm Paytm reported a profit for the fourth quarter on Wednesday, helped by growth in its core financial services distribution business and payments segment.The digital payments firm posted a consolidated net profit of 1.84 billion rupees ($19.45 million) for the qu ...
Coliwoo reports 1HFY2026 earnings of $13.4 mil, 43.9% higher y-o-y
Teo Zheng Long - Coliwoo Holdings (SGX: W8W ) has reported earnings, or net profit attributable to equity holders (PATMI), of $13.4 million for 1HFY2026 ended March 31, 43.9% higher y-o-y. Revenue was up by 16.6% y-o-y to $26.9 million, mainly attributable to a 15.6% y-o-y growth in rental income. The higher rental ...
US Supreme Court declines to pause order holding Apple in contempt in Epic Games lawsuit
WASHINGTON, May 6 : The U.S. Supreme Court rejected on Wednesday Apple's request to temporarily block a judicial order that found the iPhone maker in violation of sweeping court-mandated changes to its lucrative App Store as part of an antitrust lawsuit by "Fortnite" maker Epic Games. ...
Global watchdog FSB unveils action plan on private-credit risks
It says ‘significant data challenges’ are frustrating its effort to assess vulnerabilities in the market
Khoo Thomas Clive raises stake in TOTM Technologies to slightly above 20%
Teo Zheng Long - TOTM Technologies Limited’s (SGX: 42F ) (TOTM Tech) substantial shareholder, Khoo Thomas Clive, has increased his stake in the company via market transaction. In the May 6 filing, Khoo acquired 3.9 million shares at 2.8 cents each. This translates to a total consideration of $109,200. This latest ...
Corning partners with Nvidia to expand US fiber optic output for AI growth
May 6 : Corning and Nvidia said on Wednesday they would partner to expand U.S. production of optical connectivity products used in artificial intelligence data centers.The specialty glass maker also raised its long-term sales targets on surging demand for AI infrastructure. Its shares rose more than ...
Microsoft may shelve 2030 clean energy target as AI lifts power use, Bloomberg News reports
May 6 : Microsoft is considering delaying or abandoning its 2030 goal of matching its entire hourly electricity use with renewable energy purchases, Bloomberg News reported on Wednesday, citing people familiar with the matter.The expensive and energy-intensive push for data centers is reshaping the ...
UnUsUaL guides for net loss for FY2026 due to market competition and higher operational costs
Teo Zheng Long - UnUsUaL Limited’s (SGX: 1D1 ) board of directors has announced that the company is expected to report a net loss for FY2026 ended March 31, compared with a net profit for 1HFY2026 ended Sept 30, 2025. The net loss arises from heightened market competition and increased operational costs leading to ...
ASTI Holdings’ CEO Eddie Ng acquires 40 mil shares at 9 cents each to become controlling shareholder
Teo Zheng Long - ASTI Holdings (SGX: 575 ) announced that its executive chairman and CEO, Eddie Ng, has acquired 40 million shares at 9 cents each via off-market transaction. At 9 cents per share, it represents a discount of around 4.25% to ASTI Holdings’ last traded price prior to the trading halt on May 5 of 9.4 ...
