LG Electronics CEO offers to pay $1m salary to top AI talents
LG Electronics Chief Executive Officer Cho Joo-wan traveled to the US to meet with big tech counterparts and discuss collaboration in artificial intelligence, as well as to secure…
Corporate Buzz
Shell sells Singapore assets on Pulau Bukom and Jurong Island after strategic review
The assets being sold by Shell include the 237,000 barrels-per-day refinery and a 1.1 million tonnes-a-year ethylene cracker on Pulau Bukom.
TikTok sues over forced sale/ban law in US
The suit was filed in the US Court of Appeals for the District of Columbia Circuit, and it argues that the law violates the Constitution, including First Amendment free speech…
Amazon invests $12b in S’pore operations and cloud infrastructure, launches AI training scheme
Amazon Web Services said in its Singapore economic impact report the investment is expected to contribute some $23.7 billion to the Republic’s GDP and support more than 12,300…
Samsung mocks Apple over iPhone alarm glitch
Apple has confirmed that there is an issue and experts are working to fix the problem, but the company has not yet shared what is causing the alarming glitch.
China’s love affair with luxury goods boosts growth of sector
The Chinese hunger for goods from high-quality, prestigious brands has significantly buoyed LVMH's sales, reflecting broader trends in global luxury consumption, according to…
New-age teas bubble up toward a boom in China
According to a report, as of Aug 31, there were roughly 515,000 new-style tea beverage outlets in the country, up 36 percent from the level at the end of 2020.
Huawei sees big potential in ASEAN’s shift to digital economy
“Many countries in the region, like Thailand, Singapore, Indonesia and Malaysia, are introducing national AI strategies and action plans for a digital and intelligent future,”…
Microsoft announces $3b AI, cloud investment in Malaysia
This marks Microsoft’s single largest investment in Malaysia, as the tech giant seeks to bolster support for AI development in the region and worldwide.
Microsoft vows to invest $1.7 billion in Indonesia
The investment is seen to develop an artificial intelligence ecosystem and nurture the digital talents of 840,000 people in the next four years.