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Altman’s departure follows a deliberative review process by the board, which concluded that he was "not consistently candid in his communications with the board", hindering its ability to exercise its responsibilities. The board no longer has confidence in his ability to continue leading OpenAI, the statement added.

Scapia, the India-based fintech company, has raised $23 million in its Series-A funding round, led by Elevation Capital and 3STATE Ventures. The round also saw participation from its existing investors, Matrix Partners India and Tanglin Venture Partners.

Google Cloud and Klook, Hong Kong's platform for experiences and travel services, have on Wednesday announced a collaboration to amplify Klook’s activity content and customer engagement channels with generative artificial intelligence (AI) from Google Cloud.

Singapore-based prop-tech firm PropertyGuru has returned to the black by achieving a net profit of S$ 300,000 ($224,022) in the third quarter ended September 30, 2023, as compared to a net loss of S$7 million ($5.23 million) a year ago. The firm's total revenues grew 13 percent year on year to S$39 million ($29.12 million) in the third quarter, as total…

Wavemaker Partners, an early-stage venture capital firm based in Singapore, has led the seed+ funding round for premier Indian faith-tech start-up VAMA.app. Wavemaker Partners investment amounting to $1.1 million, marks its first in an India-incorporated tech company.

Singapore-based fintech platform iFAST Corporation Ltd. has announced the official launch of iFAST Global Hub.ai in Malaysia, a pivotal initiative in the group's three-year growth Plan to become a prominent global player in digital banking, wealth management, and pension administration solutions. As part of its strategic expansion, iFAST Global Hub.ai is…

Thailand tech-enabled coffee chain Flash Coffee announced Tuesday that Turn Capital has acquired its Thailand business/franchise to fuel further growth within the country. Leveraging Flash Coffee’s brand, product innovation, and proprietary technology, Turn Capital will continue to expand the chain’s presence across Thailand, with a plan to open more than…

Animoca Brands, the Hong Kong-based company advancing digital property rights for gaming and the open metaverse, has on Tuesday announced that it will collaborate with Ubisoft’s Strategic Innovation Lab to support its Web3 initiatives on Mocaverse, the marquee membership project by Animoca Brands.

Smart Malaysia, a unit of Chinese automaker Geely, has on Tuesday announced the official pricing for its all-new electric vehicle (EV), the smart #1. The prices of the smart #1 Pro, Premium and BRABUS are ranged from MYR 189,000 ($40,619) to MYR 249,000 ($53,514).

Google Cloud has on Tuesday announced the appointment of Serene Sia as Country Director of its business in Singapore. Sia will be responsible for leading go-to-market strategy and operations spanning consulting, sales, and partner ecosystem, collaborating with teams across Google to help organizations in Singapore reimagine their business and industry using…