Data
Alibaba to open new data centres; unveils most powerful AI model
The expansion comes as the company positions AI, which includes cloud, as a core business priority alongside its traditional e-commerce operations[BEIJING] Chinese e-commerce company Alibaba said on Wednesday (Sep...
Nvidia to invest $100 billion in OpenAI to build data centers
Nvidia plans to invest $100 billion in OpenAI, giving the ChatGPT maker a huge war chest to build data centers with the chip maker’s chips.OpenAI will gain access to...
From data centres to finance: analysts identify SGX’s best proxies to capture AI boom
Big names such as Singtel and DBS are among the eight companies identified as potential beneficiaries[SINGAPORE] Even without any direct artificial intelligence (AI) players in the Singapore market, analysts...
Indonesia sovereign wealth fund INA targets data centres, AI in healthcare, renewables
[SINGAPORE] The Indonesia Investment Authority (INA) is prioritising digital infrastructure, healthcare and renewables as the sovereign wealth fund seeks foreign partners and supports the nation’s economic development, its chief...
Hackers steal client data from Kering’s Gucci, Balenciaga and McQueen: report
[PARIS] Hackers have stolen the private details of potentially millions of customers from luxury brands Gucci, Balenciaga and Alexander McQueen in an attack on the labels’ French parent company...
Gold set for fourth weekly rise as US data lifts rate-cut hopes
[BENGALURU] Gold prices rose on Friday (Sep 12) and were headed for a fourth consecutive weekly gain, as fears of a weakening US labour market eclipsed inflation concerns ahead...
US: Wall St opens higher after inflation data keeps rate cut bets firm
[NEW YORK] Wall Street’s main indexes opened slightly higher on Thursday (Sep 11) after the latest inflation reading kept the US central bank on track to deliver an interest...
Asia: Markets mostly up as producer price data stokes rate cut bets
ASIAN equities mostly rose on Thursday as investors built on this week’s rally after US data ramped up expectations for a string of interest rate cuts.Markets have enjoyed a...
Gold inches higher as soft US PPI data fuels rate cut bets; CPI in focus
The US Federal Reserve is expected to cut interest rates at its policy meeting next Wednesday[BENGALURU] Gold edged up on Thursday (Sep 11), as softer-than-expected US producer price index...
Johor fastest-growing South-east Asian data centre hub; Singapore expansion remains ‘constrained’
The city-state’s ‘strict planning controls’ are leading global tech firms to look north: Knight Frank report[SINGAPORE] Johor is the fastest-growing data centre hub in South-east Asia, with aggregate supply...