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AEM's H1 net profit rises 10 times to S$30.8 million on stronger AI chip demand
Earnings per share come in at S$0.0979 for the half-year, from S$0.0098 in the first half of 2025
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China's DeepSeek to raise fresh capital at US$74 billion valuation ahead of onshore IPO
The AI startup has started early deliberations for a potential listing on Shanghai's Star Market, sources say Read more at The Business Times.
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GameStop CEO says eBay shut his account after buyout funding stunt
He has put up personal items, including a pair of socks, to fund his US$56 billion bid for the platform Read more at The Business Times.
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PayPal plans job cuts as its new CEO pursues turnaround strategy
PAYPAL plans to cut costs and jobs as new chief executive officer Enrique Lores seeks to turn around the payments company that's faced stiff competition in recent years. Read more at The Business Times.
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Meta prepares to undo acquisition of Singapore-based Manus after China ban: report
Beijing has given the two firms a preliminary deadline of several weeks to reverse the transaction Read more at The Business Times.
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OpenAI, Anthropic, Google unite to combat model copying in China
Trump administration officials have signalled their openness to fostering information sharing among AI companies to rein in adversarial distillation Read more at The Business Times.
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Nvidia to sell 1 million chips to Amazon by end of 2027 in cloud deal
The sale would start this year and extend through 2027 Read more at The Business Times.
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Luckin Coffee backer Centurium in advanced talks for Nestle's Blue Bottle: sources
The buyout firm is putting the final touches on the deal Read more at The Business Times.
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Micron says AI-driven memory crunch is 'unprecedented'
PC makers have also warned they are likely to be affected by the ongoing shortage Read more at The Business Times.
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MiniMax, China's second 'AI tiger' to go public, doubles in value on Hong Kong debut
The listing, which raises HK$4.8 billion in its IPO to fund R&D, easily outshines a solid 13% climb in Thursday's debut by Zhipu AI Read more at The Business Times.
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