Tech in Asia

As of April, stock levels reached 3.5 million vehicles, equivalent to 57 days of inventory, the highest since late 2023.

Xiaomi plans to invest at least 50 billion yuan (US$6.9 billion) over the next decade to develop mobile processors.

The funds include a US$694 million fund and a US$278 million fund, aimed at promoting innovation in the technology sector.

Amartha CEO Andi Taufan Garuda Putra expressed hopes that the forum would boost investor confidence in grassroots potential.

Consumer inflation has already slowed to 2.4% in the first quarter, within the RBA's 2% to 3% target range.

It is Meta’s fourth solar deal this year, all in Texas, bringing its total renewable energy capacity to over 12 gigawatts.

This is the first time Snowflake has surpassed US$1 billion in quarterly sales since going public in 2020.

Match Group CEO Spencer Rascoff said he would lead the Tinder team during the transition.

The 20% tariffs, effective March 4, 2025 without prior notice, were not covered in a temporary 90-day suspension agreement.

The Dragon Project, a US$6 billion collaboration with CATL, covers mining to battery recycling.

Establishe by Dr. Ittai Dayan and Yuval Baror, Rhino Federated Computing focuses to develop AI collaboration tools.

The machine was first used commercially at Intel's chip fabrication plant in Oregon in 2024.

Digital gemology firm Porolis is a finalist of the inaugural Design AI and Tech Awards, which spotlights innovations by Singapore enterprises.

This wraps up nearly two years of resistance, which began with the FTC’s opposition in 2023.

The new AI models, Claude Opus 4 and Sonnet 4, enhance memory capabilities and instruction-following.

There are plans to expand its availability to more customers and products in the coming months.

Glance has raised US$390 million and is valued at US$1.7 billion.

The center will develop AI tools to boost productivity for employees, platform workers, and small businesses.

Ramana Kumar previously served as the founding CEO of Magnati and held senior roles at major banks in the region.

The CCPA earlier called Uber’s advance tipping feature unethical and an unfair trade practice.