News
Costa Rica joins Chile, New Zealand, Singapore and South Korea as DEPA’s fifth party
Chile, New Zealand, Singapore and the Republic of Korea, Parties to the Digital Economy Partnership Agreement (DEPA), have welcomed Costa Rica as the DEPA’s fifth Party, and the second member to accede to the agreement.
Data center-led demand growth will drive substantial investments in Malaysia’s power sector – Moody’s
Rapid data center expansion in Malaysia (A3 stable) will drive an increase in electricity demand over the next ten years, requiring substantially higher investments across the power sector, Moody's Ratings said on Thursday.
Maybank foresees Atome to contribute $200-$220M of EBITDA to Grab by 2028
Maybank Investment Bank estimated Atome to contribute about $200 million to $220 million of earnings before interest, taxes, depreciation and amortization (EBITDA) to Grab Holdings by 2028.
AI infrastructure boom is far from over amid capacity expansion – BIMB
BIMB Securities believes the artificial intelligence (AI) infrastructure boom is far from over, as hyperscalers continue to expand capacity while the pursuit of more capable AI models fuels ongoing upgrades across servers, networking equipment and data centers.
Malaysia’s solar opportunities to remain robust over the next five years – UOB Kay Hian
Solar and battery energy storage system (BESS) engineering, procurement, construction, and commissioning (EPCC) opportunities in Malaysia will remain robust over the next five years, UOB Kay Hian said on Monday.
If AI spending wanes, only some Asia-Pacific tech firms would be resilient – S&P
Asia-Pacific technology hardware firms are benefiting from the artificial intelligence (AI) investment boom, but material downside risks could threaten strong demand across the AI-related value chain over the next two years, S&P Global Ratings said on Thursday.
China’s Apex Intelligence raises nearly $50M for self-evolving AI models
Beijing-based Apex Intelligence has raised nearly $50 million across angel rounds to develop self-evolving foundation models for scientific research.
ByteDance AI drug discovery spin-off Anew Labs raises $290M at $1.5B valuation
Anew Labs, ByteDance’s AI drug-discovery spin-off, has raised $290 million in its first external round at a valuation of about $1.5 billion.
Singapore exports surge 46.2% in August on AI-linked electronics demand
Singapore’s non-oil domestic exports rose 46.2 percent year on year in August as AI-related demand drove another surge in electronics shipments.
San Francisco-based AI firm Databricks to invest $350M in Singapore, quadruple office, double staff
Data-and-AI company Databricks, based in the United States, will invest more than $350 million in Singapore over three years, doubling its local workforce and quadrupling its office space as enterprises adopt AI.
