Posts by Stephanie Irvin
ST Engineering announces AI deepfake detection platform
Company suggests 5G all-in-one small cell outperforms Elon Musk’s Starlink service ST ENGINEERING on Tuesday (Sep 3) announced the release of software that can be used to detect audio, video, text and graphics that have been manipulated by artificial intelligence (AI). The software will be sold as an AI-as-a-Service platform called Einstein.AI to customers…
Read MoreST Engineering unveils AI deepfake detection platform
Company suggests 5G all-in-one small cell outperforms Elon Musk’s Starlink service ST ENGINEERING on Tuesday (Sep 3) announced the release of software that can be used to detect audio, video, text and graphics that have been manipulated by artificial intelligence (AI). The software will be sold as an AI-as-a-Service platform called Einstein.AI to customers…
Read MoreCICT to acquire 50% stake in Ion Orchard from sponsor for S$1.1 billion
CAPITALAND Integrated Commercial Trust (CICT) is proposing to acquire a 50 per cent interest in Ion Orchard and its connecting underpass, Orchard Link, from its sponsor CapitaLand Investment (CLI). Based on 50 per cent of the agreed property value, which amounts to S$1.85 billion, the total acquisition outlay is estimated to stand at S$1.1 billion after…
Read MoreWorld’s No 1 air-conditioner maker to expand capacity in India
DAIKIN Industries, the world’s largest manufacturer of air conditioners, is looking to expand in India as it responds to consumer demand for what’s become a necessity as temperatures soar. The Japanese company has signed a memorandum of understanding to acquire an additional 33 acres (13.4 hectares) to build a new plant near its current factory…
Read MoreBlackstone buys stake in 1.1 billion euro logistics fund
It’s the latest push by the US investment manager into warehouses that have boomed alongside the rise of e-commerce Private equity giant Blackstone has agreed to buy an 80 per cent stake in a European warehouse portfolio run by landlord Burstone, the latest push by the US investment manager into warehouses that have boomed alongside…
Read MoreNorway’s electric car sales set new world record
Norwegians bought 10,480 new EVs in August, bringing the total to 68,435 since the start of the year Electric car sales in Norway took a 94-per cent share of the market in August – a new world record – statistics showed on Monday (Se 2), as sales in the rest of Europe stagnate. Boosted by…
Read MoreChina’s troubled solar sector may be nearing a turning point
CHINA’S solar manufacturers have just been through a bloodbath of an earnings season, but there are tentative signs the massive glut that’s plaguing the industry could be starting to ease. Longi Green Energy Technology and five other leading solar firms racked up a combined US$2 billion of losses in the first half after a…
Read MoreLobby group warns new tax system for North Sea oil could lead to investment slump
THE United Kingdom’s new tax system for North Sea oil and gas could lead to an investment slump of more than 80 per cent, an industry lobby group said. Offshore Energies UK (OEUK) said on Monday (Sep 2) that changes by the new government could mean capital spending on UK projects falls to £2.3 billion…
Read MoreSilverlake Axis appoints PrimePartners as IFA for privatisation offer
SILVERLAKE Axis on Monday (Sep 2) announced that it has appointed PrimePartners Corporate Finance to be its independent financial adviser (IFA) regarding the voluntary unconditional offer received by the enterprise technology company. The offer from a group led by chairman Goh Peng Ooi aims to take the company private at S$0.36 in cash per share.…
Read MoreFood Innovators lodges preliminary document for Catalist IPO
RESTAURANT operator Food Innovators Holdings (FIH) has lodged a preliminary prospectus for a Catalist listing on the Singapore Exchange. FIH, which has more than a decade of experience in the Japanese food and beverage (F&B) industry, now runs two business divisions – leasing and subleasing, and a food-retail business. Its leasing and subleasing division leases…
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