Latest news and trends about tech

NTT, Inc., SK Group, Chunghwa Telecom Co., Ltd. and Development Bank of Japan Inc. (DBJ) will establish a $500 million IOWN AI Fund aimed at building the IOWN ecosystem and creating new business opportunities through investments in cutting-edge technologies for the artificial intelligence (AI) era.

Malaysia-based Sime Darby Property Berhad has launched its second real estate development fund with up to MYR 1.25 billion ($310 million) for data centers.

Malaysia-based CIMB Bank Berhad has signed a letter of intent (LOI) with China CITIC Bank Corporation Limited to strengthen financial connectivity between China and ASEAN, particularly in Malaysia and Indonesia, by facilitating bilateral trade, cross-border financing and investment flows across the region.

The Securities Commission Malaysia (SC) and Bursa Malaysia Berhad have on Tuesday launched the MY Value Up Program Guidebook, to help public listed companies (PLCs) create their medium-to long-term value and transform them into globally attractive investment propositions.

RE:AI, the sovereign artificial intelligence (AI) cloud business of Singtel Digital InfraCo, and a global AI data and memory infrastructure provider WEKA, have on Wednesday signed a memorandum of understanding (MOU) to build and deliver sovereign AI infrastructure solutions across Singapore and the broader ASEAN region.

Singapore-based ride-hailing and delivery platform Grab has partnered Enterprise Singapore to launch a new initiative aimed at helping small food and beverage (F&B) businesses improve customer reach and strengthen their digital capabilities amid rising operating costs and intensifying competition.

Hello Ello, a Singapore-based artificial intelligence (AI) caregiving technology company has launched ELLO's Vision One care camera for families in Singapore and Malaysia to help families care for ageing parents at home without relying on constant calls, manual check-ins, or noisy security camera alerts.

Onibi, an independent game studio developing AI-powered open-world multiplayer RPG Tomo: Endless Blue, has closed a strategic funding round led by Thailand-based SeaX Ventures and France-based Pix Capital.

Canadian aerospace manufacturer Bombardier has on Tuesday announced plans to expand its Singapore Service Center at JTC’s Seletar Aerospace Park with the addition of a newly built nearby facility of approximately 250,000 square feet at S$100 million ($78 million) investment.

Arki Finance, a Singapore-based wealth management fintech targeting the mass affluent, has received its Capital Markets Services License from the Monetary Authority of Singapore, ahead of its public launch later this year.