NXP Semiconductors forecasts upbeat quarter, signaling industrial market bottom
Feb 2 : NXP Semiconductors on Monday forecast first-quarter revenue above Wall Street estimates, anticipating a robust automotive market and consistent industrial demand. The supplier of microcontrollers and radar sensors is benefiting from increased demand for its secure connectivity chips, which a ...
Palantir jumps after stronger-than-expected sales outlook
The company has seen its shares soar by nearly 800% over the past two years
Teradyne forecasts upbeat quarterly results on AI-driven demand
Feb 2 : Teradyne forecast first-quarter revenue and profit above Wall Street estimates on Monday, driven by multibillion-dollar investments by technology companies on data center expansion to enable AI capabilities, sending its shares up over 20 per cent in extended trading.The increase in complexit ...
Musk’s SpaceX acquires xAI
This brings Musk’s rockets, Starlink satellites, the X social media platform and Grok AI chatbot all under one roof
SpaceX acquires xAI in record-setting deal as Musk looks to unify AI and space ambitions
The transaction values SpaceX at US$1 trillion, and xAI at US$250 billion
Waymo valued at $126 billion in latest financing as robotaxis gather steam
Feb 2 : Alphabet unit Waymo said it had raised $16 billion in its latest fundraising round that valued the self-driving car startup at $126 billion, nearly tripling its valuation in less than two years.As one of the most sought-after applications of artificial intelligence, leading autonomous vehicl ...
Waymo valued at $126 billion in latest financing
Feb 2 : Alphabet unit Waymo has raised $16 billion in its latest fundraising round, valuing the self-driving car startup at $126 billion.
Trump cuts India tariffs in deal he links to Russian oil
[DELHI] The US will slash tariffs on India to 18 per cent after Prime Minister Narendra Modi agreed during a phone call...
Trading Day: Solid data over hard assets
Oil settles down over 4% on US-Iran de-escalation, easing supply worries
[NEW YORK] Oil prices fell more than US$3 per barrel on Monday after US President Donald Trump said Iran was “seriously talking” with...
Can GDP grow while jobs disappear? Economists weigh in on what Singapore's AI push must get right
Good jobs in an AI-rich economy will come not from asking how much labour can be removed, but from identifying which tasks still benefit from human judgment, says one economist.
Commentary: Silver and gold hit record highs – then crashed. Here's what you need to know
Amid the recent rollercoaster ride in prices, here's what everyday investors need to know about the risks of investing in precious metals, say these writers.
Banks drive European stocks to record high as markets recover from rocky start
THE Stoxx 600 index climbed to a record on Monday, propelled by strong gains in financial and healthcare stocks as investors looked...
US stocks: S&P 500 ends higher; chipmakers and small caps jump
THE S&P 500 closed higher on Monday, lifted by gains in chipmakers and other companies related to artificial intelligence, while smaller companies...
SpaceX acquires xAI as Musk looks to unify AI and space ambitions
Feb 2 : Elon Musk said on Monday that SpaceX has acquired his artificial-intelligence startup xAI, combining the rocket-and-satellite company with the maker of the Grok chatbot in a move aimed at unifying Musk's AI and space ambitions. "This marks not just the next chapter, but the next b ...
Musk's SpaceX acquires xAI
Feb 2 : Elon Musk's space firm SpaceX said on Monday it has acquired his artificial intelligence startup xAI, combining the rocket-and-satellite company with the maker of the Grok chatbot in a move aimed at unifying Musk's AI and space ambitions. A merger would represent one of the most hi ...
Exclusive-OpenAI is unsatisfied with some Nvidia chips and looking for alternatives, sources say
SAN FRANCISCO, Feb 2 : OpenAI is unsatisfied with some of Nvidia’s latest artificial intelligence chips, and it has sought alternatives since last year, eight sources familiar with the matter said, potentially complicating the relationship between the two highest-profile players in the AI boom. T ...
Palantir CEO defends surveillance tech as US government contracts boost sales
Feb 2 : Palantir Technologies CEO Alex Karp defended the firm's surveillance technology as it reported a big jump in sales on Monday, saying it has safeguards to prevent government overreach, without mentioning U.S. immigration enforcement efforts in Minnesota that have drawn widespread protest ...
Popular open-source coding application targeted in Chinese-linked supply-chain attack
Feb 2 : A Chinese-linked cyberespionage group with a long history hijacked the update process for the popular code editing platform Notepad++ to deliver a custom backdoor and other malware to targeted users, the program's developer and cybersecurity researchers said on Monday.Don Ho, the French ...
Disney shares slump as its theme parks see fewer international visitors
LOS ANGELES, Feb 2 : Walt Disney's warning that a decline in international visitors to its U.S. theme parks and a slump in earnings at its TV and film division sent shares down nearly 5 per cent in trading on Monday, just as it readies a successor to outgoing CEO Bob Iger.The company said there ...
OpenAI launches Codex app to gain ground in AI coding race
(Corrects first paragraph to show the app is on desktop, not mobile)By Deepa SeetharamanSAN FRANCISCO, Feb 2 : OpenAI is launching a desktop app for its coding tool, Codex, in hopes of seizing momentum - and customers - from its rivals in the AI code-generation space. OpenAI said it designed i
Telia, Lyse to combine Norwegian mobile radio networks to save costs
STOCKHOLM, Feb 2 : Swedish telecoms group Telia and Norway's Lyse, owner of mobile operator Ice, have agreed to combine their Norwegian mobile radio access networks into a jointly held firm, the companies said on Monday.Telenor dominates the Norwegian telecom market, followed by Telia Norway an ...
US cuts tariffs on India to 18%, India agrees to end Russian oil purchases
WASHINGTON, Feb 2 : U.S. President Donald Trump on Monday said he had agreed on a trade deal with India that slashes U.S. tariffs on Indian goods to 18 per cent from 50 per cent in exchange for India lowering trade barriers, stopping its purchases of Russian oil and buying oil instead from the U.S. ...
Snowflake partners with OpenAI in $200 million AI deal
Feb 2 : Snowflake said on Monday it has entered a $200 million partnership with OpenAI to integrate advanced artificial intelligence models directly into its cloud data platform, as enterprises increasingly turn to AI to extract insights from vast troves of data.Cloud data platforms, where companies ...
CVC to sell personal care business FineToday to Bain Capital in 200 billion yen deal: source
The sale comes a few months after FineToday’s second attempt to list on the Tokyo Stock Exchange failed in October
'Moltbook' social media site for AI agents had big security hole, cyber firm Wiz says
WASHINGTON, Feb 2 : A buzzy new social network where artificial intelligence-powered bots appear to swap code and gossip about their human owners had a major flaw that exposed private data on thousands of real people, according to research published on Monday by cybersecurity firm Wiz.Moltbook, a Re ...
Wall Street opens lower as commodity rout rattles markets
[NEW YORK] Wall Street’s main indexes opened lower on Monday (Feb 2), as a violent sell-off in precious metals unsettled investors at...
India in talks to allow Alipay+ to link with instant payment system: sources
The move will ease payments for its tourists, enabling them to use its UPI with merchants in countries that have signed up...
Indonesia coal miners warn of layoffs, economic risks over proposed output cuts
The trims aim to push up the plunging thermal coal prices amid fears of oversupply by the country
Polish e-commerce firm Erli sues Allegro over pricing practices
GDANSK, Poland, Feb 2 : Polish e-commerce platform Erli has sued larger rival Allegro, accusing it of abusing its dominant position by effectively forcing sellers to raise their prices outside its platform, Erli said on Monday in a statement.Allegro, Poland's largest e-commerce company, denied ...
Erli accuses Allegro of price manipulation in Poland e-commerce
GDANSK, Poland, Feb 2 : Polish e-commerce platform Erli has sued larger rival Allegro, accusing it of abusing its dominant position by effectively forcing sellers to raise their prices outside its platform, Erli said on Monday in a statement.Allegro, Poland's largest e-commerce company, denied ...
Nursing home additions lift Parkway Life Reit’s H2 DPU by 3.5% to S$0.0764
Sharanya Pillai - The Singapore hospital portfolio also saw organic rental growth with step-up lease agreements
Singapore manufacturing PMI at a 10-month high in January, driven by AI boom
Tessa Oh - The overall purchasing managers’ index is up 0.2 point at 50.5, marking the sixth straight month of expansion
SHS Holdings receives EGM requisition to remove independent director
The Edge Singapore - A group of SHS Holdings shareholders who claim to control 21.36% of the shares are calling for an EGM to remove independent director Chua San Lye and replace with their nominee Kong Chee Keong. As listed in its annual report, there are two other IDs, Lee Gee Aik and Ron Oong Wei Yuan. The board cons ...
