The figure that reframes the problem is a share, not a sum. In more than half the countries Interpol surveyed for its latest Asia and South Pacific cyber-threat assessment, cybercrime now accounts for around 30% of all crime recorded nationally. That is the line that turns scams and phishing from a category of nuisance into […]
SoftBank and OpenAI are moving into cyber defence. The two said on Tuesday they are launching “Patching as a Service,” a security product built on OpenAI’s technology, to shield the companies behind Japan’s critical infrastructure from a rising wave of cyberattacks. SoftBank founder Masayoshi Son framed the threat in stark terms, calling Japan’s exposure “a […]
Adani and Jabil are teaming up to make AI hardware in India. The Adani Group, India’s infrastructure-and-energy conglomerate, and Jabil, the US contract manufacturer, said on Monday they intend to form a strategic alliance to build a vertically integrated AI and data-centre hardware platform in the country. They put no number on it, and the […]
The Kazakhstan AI deal is signed. Kazakhstan has agreed a set of accords with Firebird, a US startup backed by Nvidia, to build artificial-intelligence data centres that could draw as much as $10bn in investment, as the oil-and-gas producer tries to reinvent itself as a computing hub for the region. The centrepiece is Data Center […]
AT&S, the Austrian maker of printed circuit boards and chip substrates, will spend between €1.5bn and €2bn expanding capacity for the high-end IC substrates that AI and high-performance computing chips are built on, the company said. The plan spans its plant at Kulim in Malaysia and its facility at Chongqing in China, and it is […]
EngineAI, a Chinese maker of humanoid robots, has filed confidentially for an initial public offering in Hong Kong, Bloomberg reported on Friday, citing people familiar with the matter. The Shenzhen-based startup is working with China International Capital Corp and Citic Securities on the possible share sale. The company is only three years old. It raised […]
Alibaba Group is offering $1.5 billion to acquire Pupu, one of China’s last independent online grocery platforms, according to Bloomberg. The bid is more than double a $600 million proposal from Sun Art Retail, the former Alibaba affiliate now backed by private equity firm DCP Capital. The move comes months after Meituan agreed to pay $717 million for […]
Dreame Technology, a Chinese maker of robotic vacuum cleaners, lawn mowers, and pool cleaners, is considering a Hong Kong initial public offering as soon as next year, according to Bloomberg. The company is working with advisers and could raise several hundred million dollars. The potential listing would add to a surge of Chinese tech companies choosing Hong […]
The dangers of artificial intelligence eclipsed nuclear weapons as the central concern at a strategic stability panel during the Shangri-La Dialogue in Singapore, with senior military officials warning that AI-driven systems are collapsing the time available for human decision-making in conflict. The annual defense summit, held from 29 to 31 May, drew defence ministers and military […]
MiniMax went public in Hong Kong less than five months ago. Its shares have since roughly quadrupled. Now the Chinese AI startup wants to do it again, closer to home. In a filing to the Hong Kong stock exchange on Sunday, MiniMax said it is exploring a listing on Shanghai’s STAR Market, the mainland’s tech-focused […]
