Singapore

Microsoft will invest $5.5 billion in cloud and artificial intelligence (AI) infrastructure and operations in Singapore between 2025 and 2029, as part of efforts to support the country’s growing role in the global digital economy, the tech giant said in a press release on Wednesday.

Exa Labs, the United States-based AI search engine firm, has on Monday announced the opening of its first Asia office in Singapore.

Groundup.ai, Singapore-based agentic AI for cognitive maintenance, announced Monday it has officially closed a contract exceeding $10 million — the largest in the company’s history.

Bitdeer Technologies Group, a Singapore-headquartered technology firm focusing on artificial intelligence (AI) and Bitcoin mining infrastructure, will jointly develop an AI data center in Norway, with a capacity of 180 MW.

StarMason JSC, a joint venture between Singapore's Sembcorp Development and Vietnam's BB Holdings, has received investment approval for the proposed development of a state-of-the-art hyperscale- and AI-ready data center campus in Saigon Hi-Tech Park (SHTP), Ho Chi Minh City.

Tazapay, a Singapore-based payment infrastructure provider for emerging markets, announced the close of its Series B extension led by Circle Ventures, bringing total Series B funding to $36 million.

Taiwan's Hon Hai Precision (Foxconn), a global electronic manufacturer known for making Apple, Sony, and Xiaomi products, has poured an additional $287.1 million in its Vietnam-based wholly-owned unit Fulian Precision Technology Component.

Singapore-based blockchain firm Startale Group announced Wednesday the second close of its Series A round, securing $50 million from SBI Group, Inc.

Singapore-based Singtel Innov8 has backed Chinese robotics company ROBOTERA's RMB 1 billion ($145 million) strategic round.

To drive artificial intelligence (AI) adoption among local enterprises seeking to transform their businesses in Singapore, the Infocomm Media Development Authority (IMDA) has rolled out the new Digital Leaders Accelerator Bootcamp (DLAB) as part of the National AI Impact Program.