Posts by Liam Redmond
China will open its market to AI chips from US, Nvidia’s CEO says
Published Tue, May 19, 2026 · 11:02 AM NVIDIA chief executive officer Jensen Huang, speaking days after he joined President Donald Trump’s May 14-15 summit in China, said he expects Chinese authorities will eventually allow the import of artificial intelligence chips from the US. “The Chinese government has to decide how much of their local…
Read MoreElon Musk loses OpenAI court battle: 5 takeaways from the blockbuster trial
Published Tue, May 19, 2026 · 10:03 AM [OAKLAND, California] ON MONDAY (May 18), a nine-member jury unanimously rejected Elon Musk’s US$150 billion lawsuit against artificial intelligence startup OpenAI. After less than two hours of deliberation, the jurors decided that Musk had not sued in the time required by law. A judge then dismissed the…
Read MoreGoogle, Blackstone to create AI cloud firm with in-house chips
Published Tue, May 19, 2026 · 10:02 AM [NEW YORK] Alphabet’s Google agreed to create an artificial intelligence cloud business with Blackstone, aiming to compete with companies like CoreWeave in a burgeoning market. The project will rely on an initial US$5 billion in equity capital from Blackstone, which will become the majority owner, according to…
Read MoreMeta moves 7,000 workers into AI roles ahead of job cuts
Employees will move into one of several new groups focused on AI-related products, including agents and apps Published Tue, May 19, 2026 · 08:58 AM [SAN FRANCISCO] Meta Platforms is reassigning 7,000 workers to new jobs related to artificial intelligence, according to an internal memo, part of a broad corporate restructuring that includes planned staff…
Read MoreStanChart targets higher return in 2028, plans 15% cut in corporate roles by 2030
The bank says the next phase of its growth would be aided by a more integrated operating model Published Tue, May 19, 2026 · 08:03 AM [HONG KONG] Standard Chartered on Tuesday (May 19) raised its return target to more than 15 per cent in 2028 and said it plans to cut its corporate function…
Read MoreLenovo has handed Fifa an AI gold mine, but monetising fandom is a tough sell
Football’s world governing body promises mass personalisation at the World Cup, but experts say poor execution could trigger fan backlash [ZURICH] When the Fifa World Cup kicks off on Jun 11, Chinese tech giant Lenovo will deploy artificial intelligence to deliver a “personal and immersive” experience to about six billion viewers worldwide. As impressive as…
Read MoreM1-Simba deal: What are frequency spectrums and when does their use become unauthorised?
Unassigned use of frequency spectrum may allow operators to gain an unfair advantage, says IMDA [SINGAPORE] A proposed consolidation between telcos M1 and Simba Telecom has been put on pause, after it emerged on Monday (May 18) that Simba may have been using radio frequency bands it was not assigned to provide mobile services. If…
Read MoreS&P 500, Nasdaq open higher as chips rebound, yields retreat
Published Mon, May 18, 2026 · 09:44 PM [NEW YORK] The S&P 500 and the Nasdaq opened higher on Monday (May 18) as heavyweight semiconductor stocks recovered, while a bond market rout that had sparked a selloff the previous week appeared to cool. The Dow Jones Industrial Average fell 45.1 points, or 0.09 per cent,…
Read MoreLendlease Reit posts 12.2% retail rental reversion in Q3 as PLQ Mall acquisition lifts tenant sales
[SINGAPORE] The manager of Lendlease Global Commercial Reit posted a positive retail rental reversion of 12.2 per cent for the third quarter ended Mar 31, it said in a filing on Monday (May 18). The real estate investment trust (Reit) in March completed an acquisition of the remaining 30 per cent stake in PLQ Mall,…
Read MoreAnalysts tip StarHub as ‘obvious’ front runner for M1 after Simba merger stalls
The setback is expected to weigh on Keppel, which had planned to monetise M1 through the deal [SINGAPORE] The pause on the proposed merger between telcos M1 and Simba announced on Monday (May 18) has revived speculation that rival StarHub could re-enter the picture as a buyer. Analysts are assessing alternative pathways for consolidation in…
Read MoreGeo Energy secures offtake, mining services MOUs to back coking coal push
Initial feasibility studies estimate reserves in the Central Kalimantan site of 15 million to 20 million tonnes [SINGAPORE] Coal producer Geo Energy Resources has secured two non-binding memorandums of understanding (MOUs) tied to its planned expansion into high value coking coal in Central Kalimantan. The company announced on Monday (May 18) that it had agreed…
Read MoreScuttled M1-Simba deal leaves investors with more questions than answers
[SINGAPORE] After months of anticipation and a heated public consultation, it appears the S$1.4 billion deal for Simba Telecom to buy the telecommunications business of M1 from asset manager Keppel is off the table. The Infocomm Media Development Authority (IMDA) threw a spanner into the works on Monday (May 18), as it abruptly announced the…
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