Reka AI launches multimodal language model to rival Google’s Gemini
The AI firm, whose founders include a Singaporean and an Indonesian, said its Reka Core model outperforms Google's Gemini Ultra on video tasks. READ SOURCE...
Startups
Apple to invest $250m in expanding Singapore campus for AI roles, others
The expansion includes a "major upgrade" to two buildings Apple acquired in 2022, located adjacent to its existing offices. READ SOURCE...
VinFast hits $618m in Q1 net loss despite doubling revenue year on year
The net loss amount is more than double its entire revenue for the same period. READ SOURCE...
India mulls Nvidia deal to procure coveted GPUs: report
This is part of the government's AI mission - which aims to procure 10,000 GPUs for stakeholders - though talks are still at a "very early stage." READ SOURCE...
The good, the bad, and the ugly of Malaysia’s VC roadmap
We examine whether Malaysia’s roadmap to take its startup space forward is up to snuff and look at Tesla’s layoffs as EV competition heats up. READ SOURCE...
Baidu’s AI chatbot breaches 200 million users 13 months after launch
Ernie Bot was released as Baidu's alternative to OpenAI's ChatGPT, which is unavailable in China. READ SOURCE...
India’s Arya.ag doubles gross revenue, sees 36% bump in profits
The agritech financing company, which provides loans to farmers while storing their produce, has been profitable since 2013. READ SOURCE...
Andreessen Horowitz raises $7.2bn and sets sights on AI start-ups
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Andreessen Horowitz has raised $7.2bn to invest in tech start-ups including those at the forefront of the generative artificial intelligence revolution, in...
Oracle offers free AI training to 10,000 Singapore students, professionals
The tech giant plans to launch its second data center in the city-state by July, The Straits Times reported. READ SOURCE...
Cloud-based startup CNV secures $1m seed funding from Wavemaker Partners
CNV offers digital transformation software-as-a-service products and marketing services targeting MSMEs and enterprises in Vietnam. READ SOURCE...