Tech
Banks say growing reliance on Big Tech for AI carries new risks
THE boom in artificial intelligence will increase banks’ dependence on big US tech firms, creating new risks for the industry, European banking executives said.
Excitement around using artificial intelligence (AI)...
Europe: Shares led higher by tech stocks ahead of ECB rate decision
EUROPEAN shares gained on Wednesday (Jun 5), led by technology stocks including Dutch semiconductor equipment maker ASML, with focus shifting to the European Central Bank’s (ECB) key rate decision...
Bursts of free power raise red flags for green tech investors
Something strange is going on in Europe’s power markets: Prices keep dropping below zero.Solar parks on Spanish plains and wind turbines above Norwegian fjords were so productive in May...
Tech Luminary Robin Verma: Transforming Banking with Data Engineering Excellence
Data engineering and analytics are vital in all industries, especially banking, for improved decision-making, risk management, and customer experience. By leveraging big data, banks detect fraud, optimize credit scoring,...
US: Stocks fall as several large tech names retreat
WALL Street stocks fell for a second straight session on Thursday (May 30) following a downgrade in a US growth report as several large tech shares tumbled.The world’s biggest...
Big Tech develops AI networking standard but without chip leader Nvidia
MAJOR tech firms, including Meta, Microsoft, Advanced Micro Devices and Broadcom, said on Thursday (May 30) they have developed a new industry standard for networking in AI data centres,...
OCBC doubles down on Greater China growth, aims to invest HK$1.5 billion into its tech and facilities in the region
OCBC is banking on China’s improving economic condition and resultant positive spillovers into Asia as key growth drivers, as it plans further investments into its services across the Greater...
What layoff benefits are Asian tech workers getting?
TECH in Asia has been tracking layoffs in Asia’s tech industry, and the numbers are staggering: Over 100,000 pink slips have been issued since the start of the funding...
