South Korea bets $880bn to win the AI era
South Korea bets $880bn to win the AI era

South Korea has placed its biggest bet yet on the AI era. The plan commits at least $880bn over a decade to chips, data centres and robots. It is the boldest South Korea AI investment to date, and the government says speed is now the only way to surviv…

Nvidia-backed Firmus will build a 360MW AI data centre in Indonesia and expects $30 billion in offtake deals
Nvidia-backed Firmus will build a 360MW AI data centre in Indonesia and expects $30 billion in offtake deals

Firmus Technologies, an Australian AI infrastructure company valued at $5.5 billion, will build its first data centre in Indonesia through an eight-year partnership with Nvidia. The 360-megawatt Nvidia DSX AI Factory campus in Batam, an island just off…

Asian AI startups launch Mythos-like models as Anthropic’s export ban drags on

New models are launching in Asia that promise Mythos-like capabilities without fear of an export ban. U.S. AI labs may never recover this enormous market.

Malaysia intercepts $13M AI chip shipment bound for re-export
Malaysia intercepts $13M AI chip shipment bound for re-export

The shipment passed through Kuala Lumpur declared as ordinary computer components. Inside the 72 server units, Malaysian customs officers found something the paperwork did not mention: advanced artificial-intelligence chips worth 52.9 million ringgit, …

TikTok and YouTube cut 4.7 million under-16 accounts in Indonesia
TikTok and YouTube cut 4.7 million under-16 accounts in Indonesia

The number arrives with the bluntness of a government tally. TikTok and YouTube have deactivated roughly 4.7 million accounts belonging to children under 16 in Indonesia, the country’s communications minister said on 25 June. The bulk of the cuts came …

Philippine Tycoon Lance Gokongwei Bets On Online Gaming With PhilWeb Deal

Online gaming exploded in the Philippines following the broad adoption of mobile Internet gambling during the pandemic. It rose 30% to 201 billion pesos ($3.3 billion) last year.

South Korean chip shares rally after Micron’s upbeat earnings
South Korean chip shares rally after Micron’s upbeat earnings

South Korean chip stocks rallied on Thursday after Micron Technology reported a record quarter and an upbeat outlook, reviving optimism that demand for AI memory will stay tight well into next year. The benchmark KOSPI rose about 4.1%, with the country…

China’s Self-Reliance Drive Powers 1,200% IPO Surge, Minting A New Billionaire

Wang Bing, chairman and CEO of semiconductor component maker Chongqing Genori Technology, has amassed a fortune of $4.7 billion as shares soared almost 1,200% after its Shanghai listing.

Singapore Video Startup Founded By Tencent’s Former AI Head Bets Big On World Models

Fresh off an $80 million round from investors including AMD and Hyundai Motor, Video Rebirth is competing shoulder-to-shoulder with tech giants atop a major AI video leaderboard. Now it’s building a world model that can create real-time interactive 3D …

Apple’s suppliers are racing to Hong Kong to fund their robot pivot
Apple’s suppliers are racing to Hong Kong to fund their robot pivot

Two of Apple’s biggest Chinese suppliers are racing to Hong Kong in the same week. Luxshare wants about $3bn, Lingyi just banked $1.1bn. Both are using the cash to pivot from smartphone parts to AI hardware and humanoid robots. The companies that build…