Posts by Mark Darwin
TVs get smarter as makers cater to AI lifestyles
DAZZLING televisions that routinely star at the Consumer Electronics Show that opened in Las Vegas on Tuesday (Jan 7) are getting ever smarter with an eye toward being at the heart of AI-centred lifestyles. TV titans like LG, Samsung and TCL are packing ever more AI into stunning, huge screens that are inching toward being…
Read MorePanasonic teams up with Anthropic, aims for 30% of sales from AI
PANASONIC Holdings will embrace artificial intelligence (AI) technology across its hardware and software businesses and team up with Anthropic, one of the leaders in the industry, with the goal of boosting AI-related revenue to 30 per cent in a decade, chief executive officer Yuki Kusumi said. “The way we work will change when we make…
Read MoreMicrosoft to invest US$3 billion in India, to expand AI and cloud capacity
Microsoft will spend US$3 billion to expand its Azure cloud and artificial intelligence (AI) capacity in India, CEO Satya Nadella said on Tuesday (Jan 7), doubling down on a country with tech expertise and low costs to help turn such investments profitable. The two-year investment, its biggest ever in the country, will also be used…
Read MoreCenturion exploring Reit listing for workers and student accommodation assets
It has previously considered a Reit listing in January 2015 but deferred the plan CENTURION Corporation is currently exploring the establishment of a real estate investment trust (Reit) comprising some of its workers and student accommodation assets. If the plan materialises, the Reit will be listed on the mainboard of the Singapore Exchange (SGX), subject…
Read MoreHSBC appoints Citi veteran as its new head of international wealth hub for Singapore
HSBC has appointed 22-year veteran Jil Chin as its new head of international wealth hub for Singapore, as the company leads efforts to grow its international wealth business, the bank announced in a statement on Tuesday (Jan 7). Chin, who joined the bank on Jan 6, will oversee the scaling up of its offshore business…
Read MoreFired SingPost CEO, CFO open to foregoing legal options in favour of independent inquiry
THE former chief executive and chief financial officer of Singapore Post (SingPost) on Tuesday (Jan 7) said they are prepared to abandon their litigation option if an independent professional inquiry is carried out. Vincent Phang and Vincent Yik said they welcome the inquiry and called on the Securities Investors Association (Singapore), or Sias, to continue…
Read MoreFired SingPost CEO, CFO open to forgoing legal options in favour of independent inquiry
THE former chief executive and chief financial officer of Singapore Post (SingPost) on Tuesday (Jan 7) said they are prepared to abandon their litigation option if an independent professional inquiry is carried out. Vincent Phang and Vincent Yik said they welcome the inquiry and called on the Securities Investors Association (Singapore), or Sias, to continue…
Read MoreIndonesia to meet Apple on investment proposal, official says
INDONESIA’S industry ministry will meet representatives from Apple on Tuesday (Jan 7) to discuss its investment in the country, a prerequisite for the tech giant to sell its latest iPhone 16 locally, a ministry official said. Indonesia last year banned sales of Apple’s iPhone 16 after it failed to meet requirements that smartphones sold domestically…
Read MoreKKR considering selling Japan’s Seiyu supermarket: Nikkei
US PRIVATE equity fund KKR is considering selling supermarket chain Seiyu in a deal that could be worth several hundred billion yen, the Nikkei business daily reported on Tuesday (Jan 7). The bidding process for the sale of shares has begun, and major retailers including Aeon, Don Quijote owner Pan Pacific International Holdings and Trial…
Read MoreTencent SDRs fall nearly 7% after US designates tech giant as ‘Chinese military company’
TENCENT’S Singapore-listed shares, or Singapore Depository Receipts (SDRs), fell nearly 7 per cent on Tuesday (Jan 7) after the US categorised it as a “Chinese military company” (CMC). The US Department of Defense included the Chinese tech giant on a list of “Chinese military companies”. This means that the US defence agency is prohibited from…
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