Latest news and trends about tech

Malaysia Digital Economy Corporation (MDEC) and CICC Capital Management Co., LTD, a private equity investment arm of China International Capital Corporation Limited (CICC), have inked memorandum of understanding (MOU) to establish the China-Malaysia Gaming and Digital Content Fund, with an estimated target fund size of $100 million.

Taiwan-based Hon Hai Technology Group (Foxconn) announced Monday that it is partnering with NVIDIA and to build a state-of-the-art artificial intelligence (AI) Factory supercomputing center in Taiwan.

Singapore’s e-commerce market size is expected to reach S$37.5 billion ($28.92 billion) by 2030, growing 8 percent compound annual growth rate (CAGR) from its 2024 estimated value of S$22.8billion ($17.59 billion), according to the 10th edition of the Worldpay® Global Payments Report (GPR).

The overhang on the data center theme in Malaysia has eased for now, after the United States scrapped its artificial AI diffusion rules that were proposed during the wane of the Biden Administration, RHB Investment Bank said Monday.

Brookfield Asset Management, a global alternative asset manager headquartered in New York, announced last Friday a S$535.3 million ($413 million) acquisition of two business parks and a high-tech industrial building in Singapore, its first investment in the city state.

1982 Ventures’ portfolio company CrediLinq, the Singapore-based artificial intelligence (AI)-powered embedded finance platform, announced last Saturday the close of its $8.5 million Series A funding round.

The competition aims to bridge smart hardware development with artistic expression and international business collaboration. With a strong emphasis on integrating AI-driven hardware into consumer and industrial sectors, the program supports participants through capital access, media visibility, and ecosystem integration.

Aonic's annual revenues have exceeded MYR100 million in 2023 with double digits annual growth and in a net profitable position.

With partnerships across both government and private sectors, Southeast Asia can create an ecosystem that supports sustainable, long-term growth in AI-powered healthcare, enabling breakthroughs that improve patient outcomes and save lives. 

As AI grows in popularity, it is especially reshaping fast-growing digital economies like Singapore and those across Asia. The region’s leadership in technology adoption comes with a responsibility to drive sustainable innovation. Meeting the surging energy demands of AI while advancing decarbonisation goals will require a fundamental shift in how we think…