Tech giants Tencent and Alibaba acquire mainland properties amidst real estate slump 2024.
In recent years, China’s tech behemoths like Tencent Holdings and Alibaba Group Holding have pivoted towards significant investments in mainland real estate. This trend emerges amidst challenging economic conditions and…
Mediacorp Initiates ‘The Big Spark,’ a Platform Linking Aspiring Entrepreneurs in Southeast Asia with Investors
On Thursday, November 16, during the Singapore FinTech Festival, Mediacorp unveiled a groundbreaking initiative designed to transform the entrepreneurial landscape in Southeast Asia. This ambitious project, named “The Big Spark,”…
Artisse AI Secures $6.7M for Enhanced Realism in AI Photography App
“Artisse, a groundbreaking AI photo creation application, has recently secured a notable $6.7 million in seed funding. This surge in investment comes in the wake of the viral popularity of…
Wasabi, AWS’s competitor, enhances its cloud storage with Curio AI acquisition.
Boston-based Wasabi Technologies, a rising star in the data storage industry, has recently made headlines with a strategic move that positions it to compete more effectively with major cloud vendors…
Tokyo-based startup Sakana AI secures $30 million funding to innovate with streamlined AI models
Sakana AI, a groundbreaking artificial intelligence startup headquartered in Tokyo, was co-founded by two distinguished former Google engineers. The company has recently made headlines by securing a remarkable $30 million…
Exclusive report reveals that despite the U.S. ban, China’s military and government entities have obtained Nvidia chips.
Over the past year, there has been a notable trend of Chinese military bodies, state-run artificial intelligence research institutes, and universities acquiring small batches of Nvidia semiconductors, despite U.S. export…
Robotic startup 1X, supported by OpenAI, secures a $100 million investment
1X Technologies, a pioneering Norwegian robotics startup, has recently made headlines with its substantial achievement in securing $100 million in Series B funding, a monumental leap for the company and…
Microsoft’s newest AI video technology elevates standards with its advanced trajectory-focused generation capabilities
In the rapidly evolving landscape of artificial intelligence, a significant development has emerged in the realm of video generation. A number of AI companies, including giants like Stability AI and…
Arkon Energy secures $110M funding to expand bitcoin mining operations in the US and introduce AI cloud service in Norway.
Arkon Energy, a prominent data center infrastructure firm, recently completed a $110 million private funding round aimed at expanding its global operations. This news was exclusively reported by TechCrunch and…
Nvidia’s earnings surge threefold as the AI chip industry experiences sustained growth.
Nvidia saw a 1% decline in its stock price during after-hours trading on Tuesday, despite reporting fiscal third-quarter results that exceeded Wall Street’s expectations. The company attributed the anticipated negative…
Kairoswealth, the Artificial Intelligence-powered wealth platform, secures a $25 million investment from Mount Row Partners.
In a bold move aimed at revolutionizing the wealth management industry, Mount Row Partners has unveiled a substantial $25 million investment in Kairoswealth, a Singapore-based platform harnessing the power of…
Samsung introduces Gauss, on-device GenAI models designed for processing text, images, and code.
Today, Samsung, the prominent South Korean electronics company, marked its entry into the generative AI domain with the introduction of Gauss, a foundational model designed for local execution on smartphones,…
Kloudfuse, a data observability platform, emerges from stealth mode with $23 million in funding.
Recovering from catastrophic system failures can be a daunting challenge when you lack crucial information. Surprisingly, many companies acknowledge that they are, in a way, operating in the dark when…
Report predicts Southeast Asia’s digital economy will reach $218 billion in 2023, spanning e-commerce and online media
A recent report from Google, Temasek, and Bain & Company reveals that Southeast Asia’s digital economies are poised to reach a total transaction value of $218 billion this year, marking…
Taiwanese chip company invests $5.3 billion in Japanese factory to boost semiconductor production
Taiwan’s Powerchip Semiconductor Manufacturing Corporation (PSMC) and the Japanese financial conglomerate SBI Holdings have designated a location in northern Japan for the establishment of an 800 billion yen ($5.3 billion)…
Sony Ventures allocates $10 million for investments in Series B rounds of African entertainment startups.
Sony Group has unveiled the creation of the Sony Innovation Fund: Africa (SIF: AF), a program designed to bolster the growth of entertainment ventures in Africa. The Tokyo-based multinational conglomerate,…
Stellantis, the company behind Jeep and Dodge, will invest $1.6 billion in the Chinese EV startup Leapmotor.
On Thursday, Stellantis announced a significant investment of 1.5 billion euros ($1.58 billion) in the Chinese electric vehicle startup, Leapmotor. This move comes as established automakers seek to gain a…
Alibaba and Tencent are part of the investor lineup backing China’s alternative to OpenAI, securing $341 million in funding
Chinese technology giants, such as Alibaba and Tencent, have thrown their support behind Zhipu, an artificial intelligence startup that China hopes will serve as a counterpart to the American company…
EchoMark Unveils AI-Powered Solution for Securing Private Communications in the Era of Digital Technology.
EchoMark, a trailblazing company revolutionizing information protection, has officially unveiled its AI-driven solution designed to safeguard private information. This innovative solution seamlessly incorporates invisible forensic watermarks into emails and documents,…
Arm is set to generate $4.7 billion through its IPO, establishing a valuation of $54.5 billion for the chip designer.
Arm Holdings, the chip architecture company owned by SoftBank Group, is set to raise approximately $4.7 billion in its initial public offering, which valued the firm at over $54.5 billion.…