Singapore

France's energy giant Schneider Electric will invest S$25 million ($19.6 million) in upgrading it smart automation and digital capabilities at its Hub Asia Distribution Center in Tuas, Singapore.

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.

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’s non-oil domestic exports rose 46.2 percent year on year in August as AI-related demand drove another surge in electronics shipments.

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.

Hang Ten Systems, an enterprise-AI services startup founded by former Infosys chief executive Vishal Sikka, has raised an additional $53 million led by Singapore-based Xora Innovation, a Temasek-backed fund.

foodpanda has launched an AI plugin that lets users discover restaurants and meal options through ChatGPT and Claude using real-time platform availability.

Plaud, a maker of AI-powered voice-recording devices, has opened its Asia-Pacific headquarters in Singapore and pledged to invest at least S$20 million (US$16 million), doubling a commitment it made earlier this year.

AnyMind Group updated AnyLive with more lifelike AI avatars, video-based avatar generation and analytics spanning human-led and AI-fronted live commerce.

AI note-taking company Plaud has opened its Asia-Pacific headquarters in Singapore and doubled its planned local investment to at least S$20 million.