News

American technology firm Microsoft said Wednesday it will open a new data center region in Thailand. The data center region will expand the availability of Microsoft’s hyperscale cloud services, facilitating enterprise-grade reliability, performance, and compliance with data residency and privacy standards.

Blaize, a global artificial intelligence (AI) computing firm, has on Monday announced it has raised $106 million from investors including Singapore state investment firm Temasek.

Flourish Ventures, a global early-stage venture capital firm, has on Monday announced the appointment of Ravi Kaushik as Executive Director, Head of Asia Investments. Kaushik will lead the global firm's fintech investments and portfolio management in India and Southeast Asia.

American technology firm Microsoft has on Tuesday announced a commitment to equip 2.5 million people in member states of the Association of Southeast Asian Nations (ASEAN) with artificial intelligence (AI) skills by 2025.

The investment in Indian agrifood startups dips to pre-pandemic levels in 2023, plunging 60 percent from 2022 levels to reach just below $1 billion in 2023, a report said Tuesday.

Fueled by surging demand and strong expansion, Singapore-based micromobility company Beam saw a 36 percent increase in gross revenue from 2022, to a record $53 million in 2023.

American technology firm Microsoft has on Tuesday announced it will invest $1.7 billion over the next four years in new cloud and artificial intelligence (AI) infrastructure in Indonesia.

Gogoro Inc., a Taiwan-based battery-swapping ecosystems firm, said Tuesday it has partnered with Japanese integrated trading firm Sumitomo Corporation and Sumitomo Mitsui Finance and Leasing Co., Ltd. (SMFL) to accelerate its global business expansion.

PT Bukalapak.com Tbk, an Indonesian e-commerce company, has posted a positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) for the first time at Rp 15 billion ($921,687), underpinned by higher revenue.

Thrixen, a Singapore-based medical technology start-up, has on Monday announced the successful close of an oversubscribed funding round, raising $7 million capital to accelerate the development of its innovative diagnostic technology platform for multiplex point of care testing.