Posts by Liam Redmond
‘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…
Read MoreSK Hynix plans to double capacity to ease memory chip crunch
The company will do whatever it takes to fund the expansion, says chairman Chey Tae-won Published Tue, Jun 2, 2026 · 05:50 PM [TAIPEI] SK Hynix plans to double its memory chip capacity over the coming half-decade, in a major expansion that should help ease a global shortage of an essential component of artificial intelligence.…
Read MoreEuro’s global role is up slightly, but still distant from the US dollar
Published Tue, Jun 2, 2026 · 05:34 PM INTERNATIONAL use of the euro rose slightly in 2025, but stayed well below that of the US dollar, highlighting the difficulty of mounting a global challenge to the greenback’s supremacy. Overall usage of the common currency increased to about 20 per cent, the European Central Bank (ECB)…
Read MoreKeppel should take heart from its success and make a firm pledge on Scope 3 emissions
Its business model includes importing natural gas and managing asset portfolios so the bulk of its emissions impact falls under Scope 3 HAVING made good progress on its initial emissions targets, it may be timely for asset manager Keppel to raise its ambitions and commit to addressing the significantly larger carbon footprint of its supply…
Read MoreSats, Venture are top STI performers in record-setting May
[SINGAPORE] Sats and Venture Corp led gains on the Straits Times Index (STI) in May, as the benchmark index finished the month “modestly higher” with a total return of 3.3 per cent, said Singapore Exchange (SGX) Research on Tuesday (Jun 2). Gains in selected large-capitalisation stocks were partly offset by mixed performance across industrial and…
Read MoreMapletree Investments FY2026 net profit rises 25.7% to S$285.6 million on lower revaluation losses
The Temasek-owned property giant’s AUM stands at S$76.2 billion as at end-March [SINGAPORE] Lower revaluation losses helped pull Mapletree Investments’ net profit up 25.7 per cent to S$285.6 million for the full-year ended Mar 31, 2026, from S$227.2 million in the year-ago period. The asset manager, fully owned by Singapore investment company Temasek, on Tuesday…
Read MoreHedge fund Arrowpoint hires 10 trading teams, seeks to boost capital
Published Tue, Jun 2, 2026 · 03:15 PM ARROWPOINT Investment Partners, the Asia-focused hedge fund firm, is seeking to boost capital to between US$2.5 billion and US$3 billion in the second half of 2026, as more teams are set to join the so-called pod shop, said a person with knowledge of the matter. The firm’s…
Read MoreChina robotics firms line up IPOs to pitch next phase of AI
Some investors remain more cautious, though, when looking at the companies’ fundamentals Published Tue, Jun 2, 2026 · 02:17 PM CHINA is pitching itself as the global fulcrum for the next phase of artificial intelligence and a legion of robotics companies is lining up initial public offerings to test investor appetite. Unitree Robotics, one of…
Read MoreChina’s central bank cuts cash operation to record low as bond rally deepens
The move marks the latest step by PBOC to mop up excess funds that accumulated as loan growth slowed sharply Published Tue, Jun 2, 2026 · 12:53 PM CHINA’S central bank reduced the size of its daily open-market operation to a record low, extending efforts to absorb excess cash as a rally in bonds drove…
Read MoreGeneral Mills to sell mainland China Haagen-Dazs ice-cream shops to local tea brand Ningji
Western brands have been reassessing their approach to the world’s second-biggest economy, Published Tue, Jun 2, 2026 · 12:02 PM [HONG KONG] General Mills has agreed to sell its Haagen-Dazs shops in mainland China to a group including local tea brand Ningji. The buyers will be exclusively licensed to use the Haagen-Dazs brand in ice-cream…
Read MoreAlphabet plans to raise US$80 billion for AI goals, Berkshire to invest US$10 billion
The company has embarked on an unprecedented spending spree to build the infrastructure Published Tue, Jun 2, 2026 · 11:13 AM [NEW YORK] Alphabet is looking to raise US$80 billion in equity offerings, including an investment from Berkshire Hathaway, the Google parent said on Monday (Jun 1), in its aggressive push to fund a costly…
Read MoreDBS, OCBC at fresh highs as Singapore banks lead STI gains
RHB cites wealth momentum as a tailwind as it lifts its rating on Singapore banks to ‘overweight’ [SINGAPORE] Shares of DBS and OCBC hit record highs on Tuesday (Jun 2) morning as Singapore banks ranked among the top gainers of the Straits Times Index (STI) and drove the blue chip barometer up 0.8 per cent…
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