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When Armenia opened the biggest AI factory in its region last month, we filed it under compute diplomacy. The Wall Street Journal now reports what the compute actually bought. Robbie Whelan reported on Friday that US negotiators used the promise of access to Nvidia’s AI chips to help secure a peace deal. Armenia and Azerbaijan […]
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The US paid for a peace deal in Nvidia chips Read More »
Thailand has stopped construction on 49 data centres, which is more than it currently has running. Anuchit Nguyen reported the suspension for Bloomberg on Friday, after the first meeting of a new supervision commission chaired by finance minister Ekniti Nitithanprapas. The country has 35 data centres in operation and 117 more waiting on investment approval. […]
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Thailand halted more data centres than it has running Read More »
Moonshot AI is considering raising up to $5bn in a Hong Kong initial public offering as soon as this year, Bloomberg reported on Friday. Dong Cao, Julia Fioretti, Pei Li and Luz Ding sourced the account to people familiar with the matter, who asked not to be identified because the information is private. The Beijing lab […]
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South Korea negotiated tariff protection for its chipmakers, and Washington is pressing for American factories anyway. Semiconductor investment is now part of the broader talks between the two governments, a presidential official in Seoul has confirmed. The confirmation was reported by Reuters, and it follows Washington signalling plans for targeted tariffs on semiconductor imports. Howard Lutnick has […]
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South Korea confirms chip investment talks with US as tariff threat grows Read More »
Roughly 10,000 Micron workers in Taiwan are represented by two unions that are now preparing their members for a possible strike. About 80% of workers polled in a preliminary survey supported industrial action, Reuters reported on Tuesday. The dispute is about bonuses rather than base pay, and more specifically about how those bonuses are calculated. […]
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Micron’s Taiwan unions are heading for a strike vote over bonuses Read More »
Singapore has committed S$220M, about $173M, to its fintech sector over the next three years. It made the announcement three days after KPMG reported that private investment in Singaporean fintech had fallen to its weakest first half in roughly a decade. The timing is not a coincidence, and nobody is pretending otherwise. Gan Kim Yong, […]
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Singapore is putting S$220M into fintech as private funding hits a decade low Read More »
Japan is studying whether to move the settlement of stocks and government bonds onto blockchain infrastructure capable of running in real time around the clock, according to Nikkei, in a project involving the Financial Services Agency, the Ministry of Finance, the Bank of Japan, and the country’s three largest banks. It is the sort of […]
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Japan wants stock and bond settlement to happen instantly, on a blockchain Read More »
Unitree’s shares have fallen roughly 45% from the peak they hit on their first day of trading in Shanghai. The slide has turned a national success story into an argument about how China prices its listings. The stock steadied on Tuesday after three consecutive days of decline, Reuters reported. The valuation of the Hangzhou humanoid […]
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Unitree shares fall 45% from their debut peak, wiping out $30bn Read More »
China called off its most ambitious Moon mission the day before it was due to fly. The announcement runs to a single sentence. Chang’e 7 does not meet the conditions for launch, the China Manned Space Agency said on Sunday. It cannot go ahead in this year’s scheduled window. It gave no reason. What the […]
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China called off its ice-hunting Moon shot a day before launch Read More »
Southeast Asia has 306 data centres running and 173 more in the pipeline, according to figures published on Tuesday. The capacity being planned is nearly four times what is already operating. Southeast Asia data centre investment will rise from $15.72bn in 2025 to $35.08bn by 2031, according to Arizton. The Chicago research firm puts that […]
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Southeast Asia is planning four times the data centre capacity it runs Read More »