U.S. officials are investigating whether Chinese artificial intelligence startup DeepSeek skirted American export restrictions on advanced chip sales and bought advanced Nvidia (NVDA) semiconductors through third parties in Singapore,
CapitaLand Ascendas Reit was the STI’s biggest gainer, up 2 per cent to $2.61, with Sembcorp Industries at the other end of the spectrum, down 2.2 per cent to $5.43. The local banks were mixed. OCBC Bank lost 0.3 per cent to $17.04 and UOB fell 0.4 per cent to $36.87, but DBS Bank gained 0.3 per cent to $43.73.
Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this
Ahead of the Lunar New Year break, the Singapore stock market had snapped the two-day slide in which it had fallen more than 10
Law Minister K Shanmugam's Facebook post was a response to a Wall Street Journal article about US President Joe Biden commuting the death sentences of 37 inmates Law and Home Affairs Minister K Shanmugam said on Sunday that personal feelings are "set aside" to protect the majority of people in Singapore when it comes to the death penalty.
The Dow Jones Industrial Average added 0.9 per cent while the Nasdaq advanced 0.2 per cent.
APPLE beat Wall Street’s quarterly profit estimates on Thursday, but iPhone sales and China revenue for the holiday quarter were weak due to stiff Chinese competition and a slow rollout of artificial intelligence features.
The Monetary Authority of Singapore forecast slower growth and contained inflation at home amid rising uncertainty from trade frictions abroad.
Global investors are worried the emergence of a low-cost Chinese AI model will threaten the dominance of AI leaders.
WITH uncertainty swirling around the outlook for inflation and interest rates, there’s been one dependable catalyst keeping Wall Street’s spirits lifted: Corporate America’s bottom line. Read more at The Business Times.
For 2024, core inflation averaged 2.4%, pulling back sharply from the 4.2% rate seen in 2023. The headline measure came in at 2.7% versus 4.8% in 2023, suggesting that policymakers' efforts to tame price pressures have been a success.
MICROSOFT on Wednesday (Jan 29) forecast disappointing growth in its cloud computing business, sending its shares down more than 5 per cent as investors worry about big spending, elusive artificial intelligence (AI) revenue and growing competition from cheaper AI models from China.