Posts by Stephanie Irvin
Nvidia touts new products aimed at expanding its AI dominance
Nvidia chief executive officer Jensen Huang unveiled new software and services aimed at spreading artificial intelligence (AI) computing throughout the economy, a movement that he describes as a new industrial revolution. The company – now best known for its AI accelerator chips in data centres – introduced new tools and software models on the eve…
Read MoreNvidia announces next-generation Rubin AI platform for 2026
Nvidia chief executive officer Jensen Huang said the company plans to upgrade its artificial intelligence (AI) accelerators every year, announcing a Blackwell Ultra chip for 2025 and a next-generation platform in development called Rubin for 2026. The company – now best known for its artificial intelligence data centre systems – also introduced new tools and…
Read MoreUntested ETFs pitched to investors as hedge against global chaos
WAR in the Middle East and Europe, US-China tensions, climate change, threats from new technologies – geopolitical risk is everywhere. A coterie of fund managers are pitching a class of exchange-traded funds (ETFs) that claim to offer a hedge for all that uncertainty. These funds, ranging in size from US$8 million to US$800 million in…
Read MoreMedical inflation rising, but prudent consumption, fee benchmarks can help check healthcare costs
MEDICAL costs in Singapore have been rising each year, and consumers are likely to feel the pinch as healthcare players and insurers deal with an increasing need for care and higher volumes of medical claims. However, observers say that there are several ways to fight the rise in healthcare costs, which could help keep consumers’…
Read MoreTether acquires US$100 million stake in US-listed Bitcoin miner Bitdeer
STABLECOIN issuer Tether Holdings has acquired a US$100 million stake in Bitdeer Technologies Group, the US-listed Bitcoin miner owned by Chinese billionaire Jihan Wu, with an option to purchase an additional US$50 million in shares within a year. The two firms entered into a subscription agreement for a private placement of 18.6 million Class…
Read MoreMove to faster settlements for US securities has gone smoothly: SEC chair
THE overhaul of the settlement cycle for US securities has gone smoothly this week, with all trades having settled, US Securities and Exchange Commission chair Gary Gensler said on Friday (May 31). US trading of equities, corporate and municipal bonds and other securities moved on Tuesday to a one-day settlement cycle (T+1) from two days…
Read MoreSembcorp Development adds three industrial parks to its Vietnam portfolio
SEMBCORP Development has added three industrial parks in Vietnam to its expanding portfolio of low-carbon industrial parks. Investment licences for VSIP Thai Binh, VSIP Quang Ngai II and Becamex-VSIP Binh Thuan were awarded to companies held by Vietnam Singapore Industrial Park Joint Venture Company (VSIP JV Co), Sembcorp Industries : U96 0% said on Friday…
Read MoreSembcorp Development adds three industrial parks to its Vietnam portfolio
SEMBCORP Development has added three industrial parks in Vietnam to its expanding portfolio of low-carbon industrial parks. Investment licences for VSIP Thai Binh, VSIP Quang Ngai II and Becamex-VSIP Binh Thuan were awarded to companies held by Vietnam Singapore Industrial Park Joint Venture Company (VSIP JV Co), Sembcorp Industries : U96 0% said on Friday…
Read MoreKeppel sets sights on senior-living market, opens its first facility in Asia
KEPPEL Land has officially opened its first senior-living facility in Asia, a project in Nanjing, China that kicks off the company’s expansion plans for the region. The Nanjing facility is Keppel’s flagship project for Sindora Living, the asset manager’s senior-living brand and operating platform for Asia, said Louis Lim, chief executive of real estate at…
Read MoreAircraft shortages turn into cash bonanza for some airlines
AIRCRAFT shortages are turning into a moneymaker for some airlines as the dearth of supply allows carriers to sell new planes to leasing companies at much higher prices than they paid. Carriers such as Denver-based Frontier Airlines and Hungary’s Wizz Air have reported gains up to hundreds of millions of US dollars through selling planes…
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