OpenAI gives European companies access to its latest models to bolster resilience
LONDON, May 12 : U.S. artificial intelligence giant OpenAI said it was granting access to its latest models including GPT-5.5-Cyber to Deutsche Telekom, BBVA and dozens more European companies to help bolster their resilience to vulnerabilities in their systems.OpenAI's "Trusted Access for ...
Azure's Wong emerges as substantial shareholder of Trek 2000 after married deal at 12 cents
The Edge Singapore - Terence Wong, who runs the Azure Singapore Equity Fund, has emerged as a substantial shareholder of Trek 2000 International after acquiring a 7.3% stake on May 11 at a premium over the then market price. According a filing by Trek 2000 on May 12, Wong is paying 12 cents each for 22,074,000 shares. I ...
EBay rejects GameStop's $56 billion bid as 'neither credible nor attractive'
May 12 : EBay on Tuesday rejected an ambitious $56 billion takeover bid from the much smaller GameStop on doubts over the financing of the deal, while underscoring its turnaround efforts that have boosted growth.Analysts and investors have doubted whether the half-cash, half-stock bid from the $12 b ...
EBay rejects GameStop's audacious $56 billion takeover bid
May 12 : EBay on Tuesday rejected an ambitious $56 billion takeover bid from the much smaller GameStop on doubts over the financing of the deal, while underscoring its turnaround efforts that have boosted growth.Analysts and investors have doubted whether the half-cash, half-stock bid from the $12 b ...
Thai consumer confidence drops to lowest in 8 months in April, survey shows
BANGKOK, May 12 : Thailand's consumer confidence index dropped to 50.6 in April from 51.8 in the previous month, a survey showed on Tuesday, the lowest in eight months and the second straight monthly decline. • Consumer confidence was hurt by high energy prices, the university said.• Fertil ...
Seatrium surge leads Singapore stocks slightly higher on Tuesday; STI up 0.1%
Jude Chan - Across the broader market, gainers beat losers 316 to 267 after 2.3 billion securities change hands
OpenAI chief Altman to take stand in OpenAI-Musk trial on Tuesday
May 12 : OpenAI Chief Executive Officer Sam Altman will take the witness stand on Tuesday and Wednesday, the California court said, in a clash of tech titans over Elon Musk's lawsuit against the company.The trial, in its third week, may determine the future of OpenAI and its leadership, at a ti ...
OpenAI chief Altman denies Elon Musk's claim he betrayed ChatGPT maker's mission
“It does not fit with my concept of the words ‘stealing a charity’ to look at what is happening here,” OpenAI Chief Executive Sam Altman said.
Netflix spent over $135 billion on film, TV over last decade
May 12 : Netflix has invested over $135 billion in films and television series over the past decade, the company said on Tuesday, underscoring the dominance of the streaming giant and the growth of on-demand entertainment.During the same period, Netflix contributed more than $325 billion to the glob ...
Tesla’s robotaxi rollout features Texas-sized wait times
DALLAS, May 12 : When Tesla announced an expansion of its robotaxis to Dallas and Houston last month, some investors touted momentum for CEO Elon Musk’s mission to transform the electric-vehicle maker into an AI-powered, driverless-tech giant.Reuters reporters who recently tested Tesla’s robotax ...
Pop Mart sales growth decelerates amid sharp overseas slowdown
Its sales in the US dropped 42 per cent year on year in April after a 45 per cent decline in March
Sweden's EQT launches $3.76 billion tender offer to take Japan's Kakaku.com private
May 12 : Swedish investment firm EQT said on Tuesday it would launch a tender offer to take Japanese classifieds and marketplace platform Kakaku.com private, valuing the company at 593.51 billion yen ($3.76 billion).The tender offer values Kakaku.com at 3,000 yen per share, EQT said in a statement, ...
Genting Singapore's 1QFY2026 earnings down 55% to $65.2 mil
The Edge Singapore - Genting Singapore's revenue for its 1QFY2026 ended March was down just 3% y-o-y to $607.6 million, but earnings in the same quarter plunged by 55% to $65.2 million, on higher costs. While its gaming revenue was down 8% in the quarter to $403.4 million, Genting Singapore says that there has been ...
TikTok challenges EU 'gatekeeper' status at Europe's top court
LUXEMBOURG, May 12 : Bytedance's social media platform TikTok on Tuesday made a last- ditch attempt at Europe's top court to scrap its designation as a "gatekeeper" under EU rules, which require it to meet tougher standards as regulators seek to curb the power of Big Tech.The cas ...
Japan's bank regulator sets up forum to counter Mythos-powered cyber threats
TOKYO, May 12 : Japan will establish a public-private working group this week to address cybersecurity risks to the financial system posed by Anthropic's new artificial intelligence model Mythos, Finance Minister Satsuki Katayama said on Tuesday.• Katayama, who met U.S. Treasury Secretary Sco ...
Indonesia central bank committed to 'smart interventions' to defend rupiah
The rupiah hit a fresh record low of 17,525 per dollar earlier on Tuesday
Zelenskiy meets Palantir CEO as Ukraine expands use of AI in war
May 12 : Ukrainian President Volodymyr Zelenskiy said on Tuesday he had met the CEO of Palantir Technologies, Alex Karp, as Kyiv doubles down on the use of artificial intelligence to gain an edge in the war with Russia.Kyiv has launched a project with Palantir called "Brave1 Dataroom" to d ...
China LNG imports hint at recovery as buyers replace lost supply
The country’s petrol sector is better insulated from the disruptions due to sellers from Canada to Nigeria
JPMorgan’s markets business booming after record quarter
Clients are looking to seize on volatility in recent weeks
Ink shortage means black-and-white bags of potato chips in Japan
Resins derived from naphtha are typically used as a basic ingredient for commercial packaging inks
Dollar rises but still not far from pre-war levels, data awaited
May 12 : The U.S. dollar extended gains for a second straight session on Tuesday, underpinned by sustained uncertainty over the Middle East conflict that drove investors into the greenback as a traditional safe haven.The greenback rose sharply in March as the currencies of oil-reliant economies such ...
Dollar rises but still not far from pre-war levels, await data
May 12 : The U.S. dollar extended gains for a second straight session on Tuesday, underpinned by sustained uncertainty over the Middle East conflict that drove investors into the greenback as a traditional safe haven.The greenback rose sharply in March as the currencies of oil-reliant economies such ...
Companies need to govern AI risks as adoption outpaces oversight: KPMG, IIA Singapore
Meera Pathmanathan - KPMG and internal auditors’ body launch a guide on AI organisational transformation
SIA Engineering expects ‘moderate’ impact from Middle East war – for now
Tay Peck Gek - Base maintenance demand is ‘still strong’, with the group getting more enquiries about slot availability
Indonesia targets year-end start for US$30 billion clean power exports to Singapore
Elisa Valenta - The project is expected to feature prominently in the upcoming meeting between leaders of both countries
Bayer profit tops estimates on strong crop science performance
[BERLIN] Bayer posted better-than-expected profit in the first quarter, driven by a robust performance in its crop-science unit.
Australian shares fall for third day as banks weigh ahead of federal budget
AUSTRALIA’S equity benchmark fell for a third straight session on Tuesday, with banks leading losses, as investors braced for a federal budget...
Germany's finance watchdog to make targeted inspections amid 'substantial' AI risks
FRANKFURT, May 12 : Germany's banking regulator BaFin warned on Tuesday that cyber risks were "growing" and "substantial" due to advances in artificial intelligence, and announced a new division will conduct targeted inspections at financial firms. The emergence of Anthropic ...
Meta loses court fight over compensation to Italian publishers
LUXEMBOURG, May 12 : Meta Platforms on Tuesday lost its fight against an Italian regulatory order that it should compensate publishers for using snippets of their news articles after Europe's top court sided with the Italian telecoms watchdog.The case underscores the ongoing copyright battle be ...
Bridge Data Centres, Ecoceres use biofuel as backup energy to power data centres
BDC’s move comes amid rising demand for power to accommodate a surge in data centre construction in South-east Asia
European equities fall as fragile Mideast ceasefire dents risk sentiment
EUROPEAN shares tumbled on Tuesday, as fading hopes of a US-Iran peace deal pushed oil prices higher and kept investors on edge.
EU targets social media to protect children, von der Leyen says
BRUSSELS, May 12 : The European Union is working on regulations to reign in on social media's business models to protect children and youth, European Commission's President Ursula von der Leyen said on Tuesday.The many damages caused to children and youth by exposure to social media are no ...
EU considering social media 'delay' for children
The European Commission president has tasked an expert panel to report back by July on what steps the EU should take to protect minors online, including a potential social media ban.
Sudden yen jump stokes rate check speculation
[TOKYO] The Japanese yen jumped suddenly on Tuesday (May 12), stoking speculation of a “rate check,” which is often a precursor to...
