Fashion
Alphabet’s TPU AI chips are a potential US$900 billion ‘secret sauce’
The success of TPU chips is a primary reason for the company’s 31% fourth-quarter share rally[NEW YORK] Alphabet investors are growing increasingly confident that the company’s semiconductors could represent...
EU launches antitrust probe into Meta over use of AI in WhatsApp
[BRUSSELS] Brussels has opened a new antitrust investigation into Meta Platforms over its rollout of artificial intelligence features in WhatsApp, the European Commission said on Thursday (Dec 4), reflecting...
DayOne Data Centers seeks US$2 billion in upsized funding deal: sources
[SINGAPORE] Singapore-based DayOne Data Centers is in advanced talks to raise more than US$2 billion in an upsized Series C funding round to help support its expansion in international...
ExxonMobil to permanently shut one steam cracker in Singapore from March: sources
The shutdown of the plant, which opened in 2002, is expected to be complete by June[SINGAPORE] ExxonMobil plans to wind down operations at the older of its two steam...
Rio Tinto outlines plan to cut costs, raise productivity at strategy day
[MELBOURNE] Rio Tinto CEO Simon Trott outlined a plan to focus on cost cuts and productivity gains at his first strategy day on Thursday (Dec 4) as he undertakes...
Data centres are expensive. Reits are ‘powerful tools’ to raise capital – and Singapore is benefiting
Data centres are projected to need US$6.7 trillion in global investments to keep up with computing power demand by 2030[SINGAPORE] Data centres are expensive to construct and operate, as...
Data centres are expensive. Reits are ‘powerful tools’ to raise capital – and Singapore benefits
[SINGAPORE] Data centres are expensive - to construct and to operate, as they are also power-guzzling.Amid the AI boom, as demand from hyperscalers for computing power drive up the...
SGX not exploring or considering bid for Cboe Australia
[SINGAPORE] Singapore Exchange said it’s not considering buying Cboe Global Markets’ Australian unit, refuting an earlier Australian Financial Review report.“The speculation reported in the AFR article and other media...
Micron to exit consumer memory business amid global supply shortage
[BENGALURU] Memory chipmaker Micron Technology said on Wednesday (Dec 3) that it will exit its consumer business, as it doubles down on advanced memory chips used in artificial intelligence...
Asian markets stumble as traders struggle to hold Fed cut rally
Bets on a US reduction on Wednesday have surged to around 90% in the past two weeks[HONG KONG] Asian markets struggled to maintain their early momentum on Thursday (Dec...
