News
France’s Alstom books €800M for Vingroup’s Hanoi metro trains
France’s Alstom has secured a first-tranche order worth about €800 million ($910 million) for metropolis metro trains within Hanoi's urban rail projects, the French rail-technology company said.
Governance, accountability key to scaling AI-driven autonomous payments – UOB
The future of artificial intelligence (AI)-driven autonomous payments will depend less on advances in artificial intelligence (AI) than on how effectively financial institutions govern the technology, with clear accountability, security controls and interoperability needed to build trust, UOB Global Economics & Markets Research said in a recent report.
AI capex boom remains an important growth driver for APAC 2027 growth – BMI
The artificial intelligence (AI) investment cycle remains the key positive driver of Asia-Pacific growth in 2027, BMI Country Risk and Industry Research said on last Thursday.
Foxconn unit to buy 50 percent stake in Mitsubishi Electric Mobility for $730 million
Lin Yin International Investment Co Ltd, an investment management subsidiary of Foxconn, will acquire a 50 percent stake in Mitsubishi Electric Mobility Corp for JPY 115 billion ($727 million) as part of a strategic alliance to jointly operate the automotive equipment business.
San Francisco-based Horizon3 opens ASEAN headquarters in Singapore, backed by EDBI, SG Growth Capital
Horizon3, a U.S. security company that sells AI-driven proactive testing software, will establish its ASEAN headquarters and a regional center of excellence in Singapore.
Singapore’s Aolani plans up to 500MW of AI data center capacity in Malaysia
Aolani, a Singapore-founded neocloud artificial intelligence (AI) firm, announced Monday it has signed Letters of Intent to take up 500 megawatt (MW) of AI data center capacity in Malaysia.
GoTo releases Indonesian language model
GoTo has released a 27-billion-parameter model trained for Indonesian and several regional languages through its official Hugging Face repository.
China Mobile Hong Kong validates first U6GHz network in city
China Mobile Hong Kong completed testing of a U6GHz mobile network at its Mong Kok flagship store, using spectrum acquired in Hong Kong's 2024 auction.
RapidCanvas raises $29M Series B led by Vertex Ventures
RapidCanvas has raised $29 million in a Series B led by Vertex Ventures Southeast Asia & India to expand its enterprise AI platform and field engineering teams.
Norfund and Impact Fund Denmark take 49% stake in Philippine solar project
Norfund and Impact Fund Denmark agreed to acquire a combined 49 percent stake in Vena Energy's 500 MWp Ixus Bugallon solar project in the Philippines.
