Category: Technology

Business

Singapore’s Richest Get Richer — But One Tech Giant Lost US$10.1 Billion

Singapore’s wealthiest are holding onto their fortunes even as the technology sector takes a hit, according to Forbes Asia’s 2026 Singapore’s 50 Richest list. The combined wealth of Singapore’s 50 richest people and families remained at US$239 billion (about S$303.5 billion), unchanged from last year. Yet beneath that headline figure, the fortunes of individual billionaires shifted sharply, with banking, property and retail winners offsetting major losses among tech tycoons. The latest ranking

September 3, 2026

Business

Japan’s IPO Boom Is Losing Steam as AI, War and Higher Rates Shake Tech Startups — But the Next Wave Could Be Very Different

Japan’s once-busy IPO market is showing signs of a significant slowdown, with fewer companies choosing to go public as market volatility, higher interest rates and growing fears over artificial intelligence reshape investor appetite. The Tokyo Stock Exchange recorded just 17 new listings across its Prime, Growth and Standard markets during the first half of 2026 — roughly 30% fewer than in the same period a year earlier, according to TSE data reported by Jiji Press and The Japan Times. The slo

September 3, 2026

Politics

India’s New “Sher” Rifle Marks a Major Defence Shift — But There’s a Catch

India has reached a significant milestone in its push to reduce dependence on imported military equipment: the first AK-203 “Sher” assault rifle made entirely with Indian-sourced components and input materials has been produced and test-fired at the Korwa facility in Amethi, Uttar Pradesh. The achievement is being promoted as a major step in Prime Minister Narendra Modi’s “Make in India” and Atmanirbhar Bharat (self-reliant India) defence drive. But there is an important distinction: while the

September 3, 2026

Business

China’s Military AI Faces a Critical Gap — Researchers Say Its “Attack Chain” Still Trails Foreign Models

China is rapidly pushing artificial intelligence into its military, but researchers inside the country say the People’s Liberation Army’s AI capabilities still face a major weakness: its systems have yet to match foreign models in performance, particularly when it comes to offensive combat applications. A study by researchers affiliated with the Armed Police Force Shandong Corps and the Engineering University of the People’s Armed Police, published in China’s Defence Industry Conversion, says m

September 3, 2026

Singapore

Singapore’s Green Flight Charge Is Coming in 2027 — Here’s How Much Passengers Could Pay

Singapore is moving ahead with a new Sustainable Aviation Fuel (SAF) levy that will add a separate charge to air tickets for passengers departing the country from January 2027, as the city-state pushes to cut aviation emissions while building a regional SAF industry. The Civil Aviation Authority of Singapore (CAAS) confirmed on September 3 that the levy will apply to origin-destination passengers and general and business aviation flights departing Singapore from January 1, 2027. Tickets and ser

September 3, 2026

Entertainment

Nvidia Is Buying Hugging Face for $12.93 Billion — But the Real Prize May Be Bigger Than AI Chips

Nvidia has agreed to acquire Hugging Face for $12.93 billion, putting one of the world’s most important open-AI platforms under the control of the company that already dominates the hardware powering the artificial intelligence boom. But this deal is about much more than buying another AI company. For Nvidia, Hugging Face could become something even more strategically valuable: a gateway to millions of developers building the next generation of artificial intelligence — at exactly the moment s

September 3, 2026

Business

Snowsflake Shares Surge 24% As AI Demand Powers Growth

Snowflake is suddenly looking like one of the biggest beneficiaries of the enterprise artificial intelligence boom. Shares of the cloud data platform provider surged more than 20% in extended trading Wednesday and jumped about 24% before the market opened Thursday after Snowflake delivered stronger-than-expected quarterly results and raised its full-year revenue outlook. The reaction came as investors saw evidence that growing demand for artificial intelligence is not only creating new busines

September 3, 2026

Business

Moonshot AI Quietly Files for Hong Kong IPO — But Its $3 Billion Target Is Only Part of the Kimi Story

HONG KONG — Chinese artificial intelligence startup Moonshot AI, the company behind the increasingly prominent Kimi AI platform, has reportedly taken one of its biggest steps yet toward the public markets, confidentially filing for an initial public offering in Hong Kong that could raise around US$3 billion. Three people familiar with the plans told Reuters that Moonshot had submitted the confidential filing, while one source said the company was targeting roughly $3 billion from the offering.

September 3, 2026

Business

Thomson Reuters Hit by Cybersecurity Breach Affecting Court Records in 11 U.S. States and Canada—Here’s What May Have Been Exposed

A cybersecurity incident involving a Thomson Reuters court-management platform has raised fresh concerns over the security of sensitive digital court records after an unauthorized party accessed files connected to court systems across the United States and Canada. Thomson Reuters said its C-Track case management platform was affected by unauthorized activity that was detected on June 30, 2026. The company's subsequent investigation determined that an unauthorized party had obtained certain C-Tr

September 3, 2026

Business

ByteDance Lands Nearly $30 Billion Loan—But What’s Really Driving the TikTok Owner’s Massive Funding Push?

ByteDance, the Chinese technology giant behind TikTok, has reportedly secured a $29.6 billion loan after banks showed unexpectedly strong demand for the massive financing package—raising fresh questions about how aggressively the company is preparing to expand its artificial intelligence operations. The financing, reported by Bloomberg and cited by Reuters and Channel NewsAsia, was significantly larger than the $20 billion facility ByteDance initially sought. According to people familiar with t

September 3, 2026