Posts by Stephanie Irvin
Anthropic to use Google’s AI chips worth tens of billions to train Claude chatbot
ANTHROPIC is expanding its deal with Google to use as many as one million of the tech giant’s artificial intelligence chips, worth tens of billions of dollars, as the startup races to advance its AI systems in the competitive market. Under the deal announced on Thursday, Anthropic will have access to more than one gigawatt of computing…
Read MoreStandard Chartered issues payment demand to mm2 Asia units over S$905,000 debt
[SINGAPORE] Standard Chartered has issued letters of demand to two associated companies of entertainment group mm2 Asia, seeking repayment of S$905,582.87 by Thursday (Oct 23). The letters, dated Oct 16, were addressed to mm Connect and Cathay Cineplexes, for which mm2 Asia acted as guarantor. Cathay Cineplexes ceased operations in September after entering voluntary liquidation.…
Read MoreNomura CEO seeks to tap more private market bets from Japanese
[TOKYO] Nomura Holdings’ chief executive officer sees more scope to get business from Japanese investors who are looking to private markets as a way to diversify their assets. “Compared with the share of private assets in portfolios overseas, Japan’s exposure is still quite low,” CEO Kentaro Okuda said in an interview broadcast on TV Tokyo…
Read More5 Ways You’re Reducing the Lifespan of Your Office Assets
Your office space is more than just four walls and a few desks; it is a significant financial investment. From ergonomic chairs and cutting-edge tech to flooring and fixtures, every item contributes to your business’s operational efficiency and professional image. However, many businesses inadvertently engage in practices that can shorten the lifespan of their office…
Read MoreOpenAI recruits ex-bankers to train AI to eliminate banking grunt work
Participants are paid US$150 per hour to write prompts and build financial models for a range of transaction types [NEW YORK] OpenAI has more than 100 ex-investment bankers helping train its artificial intelligence on how to build financial models as it looks to replace the hours of grunt work performed by junior bankers across the…
Read MoreBHP bets on iron ore resilience despite China slowdown; Q1 output misses
BHP Group on Tuesday struck an upbeat note on global iron ore demand even as it warned of cooling growth in China, while first-quarter output for the steelmaking element slightly missed estimates on maintenance works at Port Hedland. “Overall macro-economic signals for commodity demand remain resilient, and global growth forecasts are moving higher,” said CEO…
Read MoreUS: Wall Street ends higher as investors digest Trump trade comments
[BENGALURU] Wall Street ended higher on Friday (Oct 17) as investors assessed US President Donald Trump’s latest remarks on China, while quarterly results from regional banks eased concerns about credit risks. Trump said that his proposed 100 per cent tariff on goods from China would not be sustainable, but blamed Beijing for the latest impasse…
Read MoreBitcoin struggles to find momentum after historic wipeout
[SINGAPORE] After a week-long rout that erased hundreds of billions in digital-asset value, Bitcoin has again failed to live up to its billing as a safe harbour asset. Once cast as a hedge against market turmoil – a “digital gold” for the blockchain age – the original cryptocurrency stabilised on Friday (Oct 17) morning in…
Read MoreChinese data centre firm GDS aims to raise over US$1 billion for international unit DayOne: sources
GDS is aiming to build up DayOne into an independently run and separately listed unit in the mid to long term [HONG KONG/SINGAPORE] GDS Holdings, one of China’s largest data centre operators, is seeking to raise over US$1 billion in a new funding round for its international unit DayOne’s expansion, four people with knowledge of…
Read MoreFormer OCBC CEO Samuel Tsien appointed as new Jardine C&C independent chairman
[SINGAPORE] Jardine Cycle & Carriage has appointed former OCBC group chief executive officer Samuel Tsien as its new independent chairman, effective Nov 11. The 71-year-old, who is currently a lead independent director at Jardine C&C, will succeed chairman John Witt, the company said in a bourse filing on Wednesday (Oct 15) Witt, who is 61-years-old,…
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