Posts by Liam Redmond
Nvidia’s PC push carries downside risk for AEM, but DBS maintains ‘buy’ with S$11.80 target
AEM’s broader AI exposure, including data-centre GPU, should be less directly affected [SINGAPORE] Nvidia’s expansion into the personal computer (PC) market has introduced “a new watchpoint” for Singapore-listed semiconductor chip testing firm AEM Holdings , according to DBS analysts. In a Tuesday (Jun 2) note, DBS said that Nvidia’s RTX Spark introduces a “fresh competitive…
Read MoreMartin Scorsese is betting on AI to transform the storyboarding process
Oscar-winning director Martin Scorsese is joining the ranks of entertainment industry power players embracing generative AI. Black Forest Labs, the German AI startup behind the text-to-image model Flux, announced Tuesday that Scorsese is joining the company as an advisor. The company unveiled the collaboration on its website with a video of the auteur using Flux…
Read MoreAspiration co-founder sentenced to 14 years for fraud
The co-founder of Aspiration, Joseph Sanberg, was sentenced to 14 years in prison on Monday after defrauding investors and lenders of over $248 million. The startup, an eco-friendly digital banking company boasting fossil fuel-free investments, carbon offsets for gas purchases, and a debit card with cash-back benefits for shopping at clean companies, was founded by…
Read MoreEx-girlfriend of former Google CEO Eric Schmidt ordered to pay him $10 million after rape accusations
An arbitrator has sided with former Google Chief Executive Eric Schmidt, saying in a preliminary ruling that he was not guilty of sexual assault against his former girlfriend and business partner Michelle Ritter. The arbitrator, retired Washington State Judge Beth Andrus, recently ordered Ritter to pay $10.7 million in damages to Schmidt. Ritter sued Schmidt…
Read MoreTrump signs an executive order to vet top AI models for national security risks
WASHINGTON — President Trump signed an executive order Tuesday directing the federal government to establish a voluntary early review process for the country’s most advanced artificial intelligence models, following a months-long internal battle over how aggressively Washington should move to regulate the fast-growing technology. Under the order, companies are asked to allow government agencies, including the National…
Read MoreUS stocks pull back as traders evaluate new Middle East developments
Recent moves feel ‘like two or three steps forward and one step back’, says one analyst Published Tue, Jun 2, 2026 · 10:31 PM [NEW YORK] US stocks declined on Tuesday (Jun 2) as traders parsed the latest developments in the Middle East. The S&P 500 was down 0.09 per cent at 9.48 am in New York, pausing…
Read MoreVictoria’s Secret soars as turnaround powers upbeat annual forecasts
Published Tue, Jun 2, 2026 · 10:00 PM [NEW YORK] Victoria’s Secret shares jumped 42 per cent in early trading on Tuesday (Jun 2), as the lingerie retailer raised its annual sales and profit forecasts after posting double-digit quarterly revenue growth across its brands, including Pink. The upbeat forecasts underscore CEO Hillary Super’s efforts to…
Read MoreIEA sees possibility of critically low oil stockpiles ahead of peak summer demand
Around half of the initial 400-million-barrel coordinated release from March is yet to hit the market Published Tue, Jun 2, 2026 · 08:25 PM [LONDON] Global oil inventories could hit critical levels ahead of the peak summer demand period if stock draws continue at their current pace, said the head of the International Energy Agency’s…
Read MoreUBS offers its first AT1 since Swiss authorities paused reforms
The lender is looking to sell at least US$500 million of perpetual bonds, says a source Published Tue, Jun 2, 2026 · 06:47 PM UBS Group is set to raise Additional Tier-1 (AT1) capital in US dollars, its first foray into the market since Switzerland paused plans to tighten rules on the riskiest type of…
Read MoreTiger Brokers’ parent UP Fintech swings into Q1 loss of US$26.9 million on penalty from China probe
The group is putting up to US$50 million towards a year-long share buyback programme [SINGAPORE] Digital brokerage Tiger Brokers’ parent company UP Fintech on Tuesday (Jun 2) reported a net loss of US$26.9 million for the first quarter ended Mar 31, reversing from a net profit of US$30.4 million a year earlier. This comes amid…
Read MoreSingapore stocks rise on Tuesday; STI up 1.2%
DBS leads gainers on the benchmark index, rising 2.9% to end at a fresh high of S$64.67 Published Tue, Jun 2, 2026 · 06:21 PM [SINGAPORE] Singapore stocks ended higher on Tuesday (Jun 2). The benchmark Straits Times Index (STI) gained 1.2 per cent or 59.56 points to finish at 5,097.42. DBS led the gainers…
Read More‘People are getting hurt’: OpenAI sued by Florida over alleged safety risks
Florida sued OpenAI and its chief executive, Sam Altman, on Monday, alleging that the San Francisco tech company failed to inform people about the dangers posed by its popular artificial intelligence chatbot. OpenAI developed ChatGPT, a chatbot used by more than 900 million people weekly to answer questions, generate text and complete other tasks. But…
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