This post was originally published on this siteThe Singapore-based company has a new facility expected to start operating in 2024, two years ahead of a planned commercial launch.
Gulf sovereign funds sharply increase investments in SEA startups
This post was originally published on this siteIn 50 Words: Between 2022 and 2023, there were 59 deals in Southeast Asian startups involving Gulf investors.
Gen AI in banking: How to ensure a successful transformation for an age-old industry
This post was originally published on this site In its latest report on implementing Generative AI (Gen AI) in the banking industry, The McKinsey Global Institute’s estimations underscore the staggering potential this technology holds, projecting an annual value addition of US$2.6 trillion to US$4.4 trillion across various sectors globally. Among these, the banking sector stands […]
ByteDance plans $5b buyback amid IPO uncertainty, valuation drops 10%
This post was originally published on this siteIn 50 Words: The parent firm of TikTok is now reportedly valued at US$268 billion.
Who will foot retail’s decarbonization bill?
This post was originally published on this siteWhile plenty of retailers have set ambitious emissions reduction goals, funding them isn’t as easy as making the commitments.
Nvidia working closely with US to ensure new chips for China are compliant with curbs
Nvidia is working closely with the US government to ensure new chips for the Chinese market are compliant with export curbs, CEO Jensen Huang said on Wednesday.
Tech trends to watch in Malaysia for 2024
This post was originally published on this siteFive developments to watch out for as Malaysia vies to become a tech hub in Southeast Asia.
TikTok owner ByteDance offers to buy back US$5 billion worth of investor shares as IPO prospects remain slim
ByteDance, the owner of TikTok, is offering to buy back up to US$5 billion worth of shares from existing investors as its initial public offering plan remains up in air, according to sources briefed on the matter.
Meta, IBM and Intel join alliance for open AI development while Google and Microsoft sit out
Dozens of start-ups along with Intel and Nasa are part of the new AI Alliance announced on Tuesday, but the two dominant players in the US are not among the founding members.
Revenue growth from Singapore fuels Nvidia’s Q3
This post was originally published on this siteIn 50 Words: Singapore accounted for US$2.7 billion, or 15%, of Nvidia’s third-quarter revenue for FY 2024.
Digital banking in Indonesia: Growing importance and future trends
This post was originally published on this site There’s no need to explain how online banking changed our lives over the past years. We have 24/7 access to our finances, the ability to pay bills without leaving the house, easily transfer money to friends and family members and even make fast international payments. However, not […]
My neighbor Southeast Asia: how Japanese firms can work with the region’s startups
This post was originally published on this siteLearning how to work across different socio-cultural lines and market conditions is paramount.