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SoftBank and OpenAI are moving into cyber defence. The two said on Tuesday they are launching “Patching as a Service,” a security product built on OpenAI’s technology, to shield the companies behind Japan’s critical infrastructure from a rising wave of cyberattacks. SoftBank founder Masayoshi Son framed the threat in stark terms, calling Japan’s exposure “a […]
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Malaysia’s AI agent-powered messaging app Respond.io raises $62.5M, eyes acquisitions Read More »
Adani and Jabil are teaming up to make AI hardware in India. The Adani Group, India’s infrastructure-and-energy conglomerate, and Jabil, the US contract manufacturer, said on Monday they intend to form a strategic alliance to build a vertically integrated AI and data-centre hardware platform in the country. They put no number on it, and the […]
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Adani and Jabil plan to build AI data-centre hardware in India Read More »
The Kazakhstan AI deal is signed. Kazakhstan has agreed a set of accords with Firebird, a US startup backed by Nvidia, to build artificial-intelligence data centres that could draw as much as $10bn in investment, as the oil-and-gas producer tries to reinvent itself as a computing hub for the region. The centrepiece is Data Center […]
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AT&S, the Austrian maker of printed circuit boards and chip substrates, will spend between €1.5bn and €2bn expanding capacity for the high-end IC substrates that AI and high-performance computing chips are built on, the company said. The plan spans its plant at Kulim in Malaysia and its facility at Chongqing in China, and it is […]
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AT&S pours up to €2bn into Malaysia and China to ride the AI chip boom Read More »
EngineAI, a Chinese maker of humanoid robots, has filed confidentially for an initial public offering in Hong Kong, Bloomberg reported on Friday, citing people familiar with the matter. The Shenzhen-based startup is working with China International Capital Corp and Citic Securities on the possible share sale. The company is only three years old. It raised […]
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Humanoid robot maker EngineAI files for a Hong Kong IPO Read More »
Alibaba Group is offering $1.5 billion to acquire Pupu, one of China’s last independent online grocery platforms, according to Bloomberg. The bid is more than double a $600 million proposal from Sun Art Retail, the former Alibaba affiliate now backed by private equity firm DCP Capital. The move comes months after Meituan agreed to pay $717 million for […]
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Dreame Technology, a Chinese maker of robotic vacuum cleaners, lawn mowers, and pool cleaners, is considering a Hong Kong initial public offering as soon as next year, according to Bloomberg. The company is working with advisers and could raise several hundred million dollars. The potential listing would add to a surge of Chinese tech companies choosing Hong […]
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The US-backed plan to build an AI and supply-chain hub in the Philippines now has a number attached: about $10bn in initial investment, with more to follow, according to the official leading the Philippine side. It also has a striking term on the table, a lease to the United States of up to 99 years. […]
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The US-Philippines AI hub now has a price tag, $10bn, and a 99-year lease on the table Read More »
South Korea’s privacy watchdog has slapped e-commerce giant Coupang with a record-breaking 624.7 billion won ($409 million) fine, the largest data breach penalty in the country’s history. The ruling, handed down today by the Personal Information Protection Commission (PIPC), dwarfs the previous record of 134.8 billion won imposed on telecoms firm SK Telecom last year. The […]
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South Korea hits Coupang with record $409 million fine over massive data breach Read More »