Posts by Mark Darwin
Adobe starts roll-out of AI video tools, challenging OpenAI and Meta
ADOBE on Monday (Oct 14) said it has started publicly distributing an artificial intelligence (AI) model that can generate video from text prompts, joining the growing field of companies trying to upend film and television production using generative AI. The Firefly Video Model, as the technology is called, will compete with OpenAI’s Sora, which was…
Read MoreNvidia’s record close could unseat Apple as most valuable company
SHARES of Nvidia closed at their highest ever on Monday (Oct 14), putting the heavyweight artificial intelligence (AI) chipmaker on the brink of dethroning Apple as the world’s most valuable company. With investors betting on strong demand for its current and next-generation AI processors, the Santa Clara, California company’s stock climbed 2.4 per cent to…
Read MoreTesla Optimus bots were remotely operated at Cybercab event
TESLA used humans to remotely control some capabilities of its Optimus robot prototypes at a recent event designed to generate investor enthusiasm for forthcoming products, according to sources familiar with the matter. Employees stationed elsewhere oversaw many of the interactions between the humanoid machines and attendees of last week’s We, Robot showcase near Los Angeles,…
Read MoreFrance seeks job guarantees from Sanofi over Doliprane painkiller production
Doliprane is France’s best-selling drug and news that it could be partially sold to a foreign investor has prompted political concerns The French government needs guarantees from drugmaker Sanofi that production of its popular Doliprane painkiller will stay in France to allow the sale of its consumer health branch to go ahead, Economy Minister Antoine…
Read MoreBank of America folds fintech investment banking team into tech
Fintech and software payments are bound to intersect as financial technology begins to resemble traditional technology such as software, banking official says BANK of America has folded its fintech investment banking team into its technology practice, reflecting the industry-wide shift in financial services towards software. The bank is moving about 50 bankers into its roughly…
Read MoreEricsson gets new 5G contract from India’s Bharti Airtel: sources
Its revenue next year may receive a boost, after a decline in India contracts in the first half of 2024 SWEDISH telecommunications gear maker Ericsson has received a new multibillion-dollar contract for selling 5G equipment from India’s Bharti Airtel, two sources familiar with the matter said. This comes after Ericsson last month got part of…
Read MoreGDP growth boosts market sentiment; STI up 0.6%
SINGAPORE stocks cheered robust gross domestic product growth data released on Monday (Oct 14). The benchmark Straits Times Index (STI) was up 0.6 per cent or 22.15 points at 3,595.91 at the close. Across the broader market, losers outnumbered gainers 301 to 254, after 1.3 billion securities worth S$977 million changed hands. The Republic’s economy…
Read MoreGerman economy in recession with no more growth seen in 2024
GERMANY is suffering a mild recession and output across the whole of 2024 will be flat, according to a Bloomberg survey – underscoring the malaise in Europe’s largest economy. Analysts in the poll see gross domestic product shrinking 0.1 per cent in the third quarter, following a surprise contraction of that magnitude in the second.…
Read MoreUK fintech firms push government to back growth, IPO dreams
EXECUTIVES of some of Britain’s most valuable and fast-growing financial technology firms warned the Labour government that London could fall behind in the fintech world if the UK fails to address some of the industry’s key concerns, including the challenges they see with share listings and regulators’ speed in decision-making. In a meeting with City…
Read MoreLocal farms push ahead with international collaborations to further Singapore’s 30 by 30 plan
WEBSTER Tham, co-founder of local agri-technology company Tomato Town, is looking to harvest Japanese cherry tomatoes and heirloom varieties of tomatoes through a collaboration with a Japanese company that makes tomato-based foods and vegetable juices. By leveraging the Japanese firm ’s farming expertise and using a special variety of its heat-resilient seeds, Tham is hoping…
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