Author: Yimie Yong
Facebook-parent Meta to cut 10,000 jobs in second round of layoffs
Meta owns social media platforms including Facebook, Instagram and WhatsApp.
Alphabet-backed Anthropic launches ChatGPT competitor named Claude
According to Anthropic, Claude is a next-generation AI assistant based on Anthropic’s research into training helpful, honest, and harmless AI systems. Accessible through chat interface and API in its developer console, Claude is capable of a wide variety of conversational and text processing tasks while maintaining a high degree of reliability and…
Richard Li’s FWD filing HK IPO application again – report
According to the report, the IPO, whose proceeds will be used to fuel the firm’s growth, could come as soon as in the second quarter depending on market conditions.
Third edition of ‘Singapore 100 Women in Tech’ list continues to celebrate women’s success in tech sector [Q&A]
In the interview, Tan also shared how can gender equality bring about a more inspired, productive, and innovative workforce. She also explained the reasons why SCS and the Infocomm Media Development Authority (IMDA) would want to promote gender diversity and build a more inclusive and equal society.
Singapore’s Accredify collaborates with ACRA to make its business profiles & certificates verifiable
Accredify announced on Monday it is collaborating with Singapore’s Accounting and Corporate Regulatory Authority (ACRA) in making its Business Profiles and Business Certificates (Incorporation/Registration) verifiable via its new online verification portal, trustBar - a digital site in which enterprises can verify tamper-evident documents of these…
Malaysia introduces initiatives to ensure local startups will have access to later stage financing
Anwar said his administration is committed to support high value-add local startups from early stage right up to listing onto Bursa Malaysia (local stock exchange).”
Grab retires $600M in 2026 debt with extra cash – report
The Singapore-based ride-hailing and delivery company completed the transaction last week, bringing its debt under an outstanding term loan to $517 million, down from the previous balance of $1.117 billion. Grab also has about $200 million in other bank debt.
Indonesia to provide incentives to boost EV sales, attract investment – report
Indonesia is always keen to develop domestic EV production facilities to take advantage of its rich nickel reserves, an important material to produce EV batteries.
SoftBank-backed chip designer Arm aims to raise at least $8B in US IPO – report
The preparations for the IPO are expected to be kick-started in the US in the coming days and the valuation range has not yet been finalized.
Grab has liquidity to drive operations, says S&P Global Ratings
The stable rating outlook on Grab reflects S&P Global Ratings' view that the company will maintain sufficient liquidity to tide it through until it reaches positive EBITDA and cash flow by 2025.
