KPMG Pulse of Fintech H2 ’22 shows that fintech investments in Singapore in 2022 witnessed a three-year high of US$4.1 billion across 250 deals. Singapore’s top three investment areas were crypto/blockchain, payments, and wealthtech. The global fintech market attracted US$164.1 billion across 6,006 deals in 2022, a fall from the high of US$238.9 billion seen... Read more » Read more ›
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Applied Materials gave a strong sales forecast for the current quarter, backed by improved demand for gear that makes auto and industrial chips, indicating that there are still bright spots in the chip industry. CEO Gary Dickerson said customers are adding more capacity to keep up with demand, and he believes the company is positioned... Read more » Read more ›
9
Singapore-based Transcelestial has produced a solution for faster global internet distribution by leveraging its proprietary wireless laser communication technology to create a wireless distribution network. With the technology promising better and cheaper internet connectivity, Transcelestial recently received a US$10M boost to power Asia and US’s internet infrastructure with lasers. By bringing affordable, high-speed internet to... Read more » Read more ›
1
By now, you’ll know all about tech layoffs. After all, they have been hard to ignore, with acres of coverage devoted to job cuts since the spring of last year. In 2022, 1,045 tech companies made 160,097staff redundant, and the picture is no happier so far this year: already, 105,514 employees have been laid off,... Read more » Read more ›
0
The China Semiconductor Industry Association opposes actions that would exclude its domestic chip market from global innovation. It believes that the US-led pact with Japan and the Netherlands would restrict China’s access to chip-making technology, posing a threat to the entire industry, marking a step back in the era of free trade. After months of... Read more » Read more ›
0
The failure of UST made the need for regulatory clarity and taxonomy for stablecoins more apparent. In 2023, regulators will consider additional risks, such as consumer protection and retail investor safeguards, market integrity requirements, and business conduct requirements. The collapse of TerraUSD (UST) in 2022 had a significant impact on the cryptocurrency market, raising serious... Read more » Read more ›
2
TikTok has been on the radar of the US authorities for a long time because of its numerous privacy issues. The chief executive of the video-sharing app will testify before Congress next month. NordVPN shares why TikTok has been facing growing national security concerns in the US. On March 23, TikTok CEO Shou Zi Chew... Read more » Read more ›
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Article written by Astrid Gobardhan, Data Privacy Officer, VFS Global Data security counts more than ever. According to a recent IBM study, the damage that each data breach causes in ASEAN countries now reaches US$2.87 million on average. The researchers factored in outlays for technology but also related legal and regulatory costs, as well as the... Read more » Read more ›
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People who utilize cloud technology demonstrate double productivity, resulting in a 2.3 to 2.5-fold improvement in business outcomes. AWS is working to bring greater performance, lower costs, better integrations, simplicity of use, and security. Advancing organizational data capabilities in the Asia Pacific (APAC) region presents various benefits and challenges, including gaining insights from vast amounts... Read more » Read more ›
12
Local authorities in Beijing pledge to support enterprises looking to rival the success of ChatGPT creator OpenAI. As of October last year, Beijing was home to 1,048 “core AI companies,” making up more than one-third of the total number of AI firms in China. The city has attracted more than 40,000 AI talents, which is... Read more » Read more ›
1
Efficient data usage has enabled artificial intelligence (AI) to have a greater impact on organizations. For example, generative AI has received hype among big tech companies thanks to its enhanced capabilities that are made possible by the data it has access to. Gartner predicts that emerging technologies like generative AI are still three to eight... Read more » Read more ›
2
AVM Cloud has launched its sovereign cloud solution built on VMware’s multi-cloud technology. The sovereign cloud is often compared to a posture that provides basic protections and control from a sovereignty perspective. In today’s interconnected world, cloud technology has become an essential part of doing business, but concerns around data privacy and security have also... Read more » Read more ›
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Article by Uma Dubey, Head of Channel & Alliances APAC at SnapLogic In a downturned economy, unlocking the value of data has never been more critical. This theme was particularly evident in the recent Snowflake Data World Tour, which SnapLogic was excited to be a part of in the APAC region as well as in... Read more » Read more ›
2
Siemens launched the region’s first MDR operational technology cybersecurity operations center (CSOC) in Cyberjaya, Malaysia. The company’s only purpose-built facility is engineered to monitor, detect, and mitigate cyberthreats on critical infrastructure such as energy and utilities. The chairman of CyberSecurity Malaysia reckons the move is the first solid step in putting Malaysia on the map... Read more » Read more ›
3
2023 presents a crucial opportunity for APAC organizations to leverage data to optimize costs, find new revenue streams, and reinvent customer experiences. AWS will focus on providing customers with advanced tools for malware and ransomware protection at scale. Many businesses in the ASEAN region are embracing digital transformation to remain competitive in the face of... Read more » Read more ›
1
Singapore wants to win its “fair share” of semiconductor assembly and integrated circuit design investments. The city-state will be focusing on the semiconductor value chain of activities, and because it is a small country, its share of the pie would also be relatively small. Singapore currently accounts for about 5% of the global wafer fabs... Read more » Read more ›
2
According to Barracuda, 75% of organizations surveyed experienced at least one successful email attack within the past year. Downtime and business disruption were the most frequently reported consequences of email attacks. Despite being the most important means of communication in the business world, with billions of emails exchanged daily, email security is a critical concern... Read more » Read more ›
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Open banking is the use of open APIs for third-party developers to build applications and services around the financial institution. The third-party developers would normally be non-banking organizations that have an interest in offering financial services. According to a 2020 McKinsey global survey on APIs in banking, roughly 75% of banking APIs are used for... Read more » Read more ›
1
79% of senior executives in the Asia Pacific region have reported an increase in demand for content 43% of senior executives in the Asia Pacific are focusing on streamlining their content processes and improving efficiency through workflow automation as a top priority for 2023. As customer expectations for high-quality experiences continue to increase, businesses must... Read more » Read more ›
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Rebellions Inc, a South Korean startup, has launched an AI chip, ATOM, to win government contracts and challenge global leader Nvidia Corp. The South Korean government is investing more than US$800 million over the next five years for R&D to lift the market share of Korean AI chips in domestic data centers from zero to... Read more » Read more ›
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Most popular sources
Tech Wire Asia
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28% 22 |
Business Insider
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26% 2 |
CNET
|
8% 3 |
Eurogamer.net
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5% 1 |
Android Authority
|
3% 3 |
| View sources » | |
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28.11.2024 12:43
Last update: 12:35 EDT.
News rating updated: 19:33.
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