Posts by Mark Darwin
Stocks to watch: Singtel, SIA
THE following companies saw new developments that may affect trading of their securities on Friday (Jan 31):
Read MoreSoftBank in talks to lead OpenAI funding round at US$300 billion valuation, sources say
SOFTBANK is in talks to lead a funding round of up to US$40 billion in OpenAI at a post-money valuation of US$300 billion, sources told Reuters, in what could be the largest ever single funding round for a private company. SoftBank has offered a term sheet that would value OpenAI at a pre-money valuation, meaning…
Read MoreApple profit tops Wall Street target even as iPhone, China sales fall short
APPLE beat Wall Street’s quarterly profit estimates on Thursday, but iPhone sales and China revenue for the holiday quarter were weak due to stiff Chinese competition and a slow rollout of artificial intelligence features. The company’s overall sales and profits were boosted by stronger-than-expected sales of iPads and Macs, where new chips helped persuade customers to…
Read MoreRethinking Centurion’s role in housing workers
There is a case for shrinking the private sector’s involvement in areas such as their accommodation and healthcare REAL estate investment trust (Reit) investors here are already spoilt for choice in terms of property asset classes. Soon, they may also get exposure to workers accommodation assets. Think of the stable demand for housing the army…
Read MoreSIA ranked top airline, clinches 28th overall spot in Fortune’s list of world’s most admired firms
SINGAPORE Airlines (SIA) has clinched the top spot as an airline and ranked 28th overall in Fortune magazine’s list of the most admired companies globally. The list, in its 27th edition, is based on a survey of 3,380 executives, directors and securities analysts from around the world, who were asked to select the 10 companies…
Read MoreSanofi plans 5 billion euro buyback, sees higher profit growth
SANOFI said it will repurchase five billion euros (S$7 billion) of stock and grow profits more quickly this year as the drugmaker pivots away from consumer health to focus on fast-growing drugs such as its respiratory syncytial virus (RSV) shot. Earnings per share, excluding some items, are likely to increase by a low double-digit percentage…
Read MoreChatGPT at Work: Revolution or Risk?
ChatGPT is making waves in the business world, and it’s hard not to notice. Whether it’s drafting emails or brainstorming ideas, this AI tool is popping up everywhere. But with all this buzz, companies are split. Is it a game-changer or a potential problem? With everyone discussing ChatGPT for business use, it’s time to weigh…
Read More17 Types of Lawyers: Which One Do You Actually Need?
Ever wondered why there are so many lawyer specialties? The legal world is vast, and each type of lawyer has its own unique role. Whether you’re dealing with a divorce, setting up a business, or facing criminal charges, there’s a lawyer out there just for you. Let’s explore some key takeaways about the different types…
Read MoreLVMH’s subdued sales temper hopes for a rapid luxury rebound
LVMH’s sales of fashion and leather goods declined in the fourth quarter, casting doubt on the prospects for a quick recovery in luxury demand. Sales at the key unit, which includes the Louis Vuitton and Christian Dior brands, slipped 1 per cent on an organic basis as wealthy holiday shoppers remained cautious. Overall revenue at…
Read MoreAlibaba touts new AI model superior to DeepSeek and Meta
ALIBABA Group Holding published benchmark scores and touted what it called world-leading performance with its new artificial intelligence (AI) model release. The upgraded Qwen 2.5 Max edition scored better than Meta Platforms’ Llama and DeepSeek’s V3 model in various tests, according to figures in Alibaba Cloud’s announcement on WeChat. Alongside Tencent Holdings and Baidu, Alibaba…
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