Deep Tech News

US TerraPower, South Korea's SK Innovation sign preliminary deal on global SMR projects

DeepSeek to raise V4 AI prices, add peak rates

DeepSeek-V4-Flash will cost US$1.32 per 1 million output tokens during peak hours and US$0.66 off-peak, up from US$0.28.

How iX Biopharma turned conviction into opportunity

After losing a key licensing partner, the Singapore pharmaceutical company continued advancing its lead drug programme. That persistence opened new pathways to commercialisation – and unlocked value...

Databricks raises $5b at $190b valuation

Databricks said it has surpassed a US$7 billion revenue run rate and posted more than 80% year-over-year growth in its second quarter.

White House trade office develops AI to spot tariff evasion

A report from trade adviser Peter Navarro’s office said more than 40 countries face an elevated risk of illegal transshipment.

Alibaba releases Qwen3.8-Max under custom license

The release is Alibaba’s first move from a closed application programming interface model to open weights for a Max model.

Singapore chip parts maker UMS posts Q2 90% profit jump

UMS declared a tax-exempt second interim dividend of 1 Singapore cent a share, taking first-half dividends to 2 cents per share.

The long road to an Asian AI chip

Asia’s AI chip startups are seeking a way around Nvidia’s dominance. Also, Singapore’s Graas raised US$17 million and announced an acquisition.

Nvidia, Indosat launch Gadjah Mada AI center

The center is part of the national AI Center of Excellence, led by the ministry under Indonesia's Golden 2045 Vision as a sovereign AI and skills-building program.

From summer camps to big salaries: China’s AI talent race is starting young and going big

AI talent is commanding a huge premium in China - and parents are betting that exposing their children to technology early could give them a headstart. 

Applied Materials forecasts revenue above estimates, shares fall on high expectations

How Samsung’s immersive displays help businesses captivate audiences

Sandisk forecasts mid-to-high-teens revenue growth through 2030

Google unveils Gemini 3.7 Flash AI model for coding, agent workflows

Hacking group claims mass data theft from Shell, Philips, GE, Fiserv and dozens of others

Philips, Shell targeted by hacking group

AMD looks to raise $4 billion to $5 billion in debt offering, source says

AI firm Databricks valued at $190 billion as it bags $5 billion in funding

Cerebras slumps as mixed quarterly results test AI growth narrative

DeepSeek raises API pricing for its V4 models

AI boom is starting to show in UK economy's performance

SK Hynix's Korean workers launch unified union amid stalled wage talks

Exclusive-Vantage Data Centers explores IPO at $100 billion valuation or sale, sources say

Chinese chipmaker YMTC tops Kioxia in NAND shipments: report

Counterpoint said YMTC still ranked fifth by sales, behind Micron Technology and Kioxia.

Going tapless: Ng Teng Fong General Hospital redesigns ICUs for safety, sustainability

The hospital is also extending the life of MRI scanners by upgrading them instead of replacing them.

DeepSeek’s new AI model gets mixed benchmark results

The company said DeepSeek-V4-Pro-0813 struggled with sandboxed terminal tasks and generating complex financial models in Microsoft Excel.

Taiwan says it was targeted last month in AI-driven hacking campaign

Singapore-registered container ship crashes into riverbank in India; MPA to probe incident

The crash was attributed to turbulent conditions and possible steering malfunctions.

Y Combinator CEO: Corporate friction helps AI startups win

Y Combinator's Garry Tan explains why founders should skip the trends, automate what they know, and let corporate slowness work in their favor.

Lenovo revenue jumps 43% on AI, PC demand

AI-related revenue rose 60% to US$9.3 billion, or 35% of total revenue, and Lenovo’s shares surged as much as 17% after the results.

OpenClaw founder on why going viral can break an AI startup

OpenClaw's Peter Steinberger explains how sudden popularity strained his AI startup, from security scares to hardware bottlenecks, and what he'd do differently.

Speeding up quantum chip fabrication with new lithography

With a waitlist of 100 customers, QPICs is targeting the US$10B market for photonic chips used in AI and quantum tech.

Anthropic eyes Israeli AI startup Decart in $6b deal: sources

Decart’s team is expected to join Anthropic’s inference and performance organization, the people said.

India's Larsen and Toubro secures AI data centre order worth up to $1.57 billion

Indian VC firm Bluehill closes first fund at $42m

The fund will invest from seed to series A in 15 to 16 startups across semiconductors, defense, space, energy, manufacturing, and robotics.

Australian AI firm Firmus buys Benmax units for $212m

Firmus said the deal, once completed, would lift its global workforce to 340.

India's Black Box secures $131 million data centre order from US hyperscaler

What’s stopping Asia’s chip makers from taking on Nvidia?

Thousands of companies want to make the next revolutionary AI chip, so what’s stopping them? Try bottlenecks, partnerships, and a lack of memory.

Anthropic in talks to buy Decart AI, source says

Naver backs US wave-powered AI data center startup

Panthalassa, founded in 2016, has raised US$210 million in total, including a US$140 million series B round in 2026.

NUS scientists uncover ‘hidden switch’ that helps cancer cells hide from the immune system

Researchers from the Cancer Science Institute of Singapore (CSI Singapore) at the National University of Singapore (NUS) have uncovered a previously unknown mechanism that helps cancer cells evade det...

Indian defense startup KshatraLabs gets pre-seed funding

The investment comes after India’s military placed fresh orders worth US$1.5 billion for counter-drone technologies.

AI chipmaker Cerebras lifts 2026 outlook

Cerebras is counting on demand for AI inference, the computing work done when users query chatbots, to challenge Nvidia.

Lightspeed seeks $600m for OpenAI-linked fund: sources

According to people familiar with the matter, the deal would move stakes in OpenAI and four other assets into a continuation fund.

US plans AI trade platform for trusted partners

The US State Department said it would commit up to US$50 million in foreign assistance funding for the platform.

YMTC-backed fund invests in Chinese chipmaker SOI Micro

SOI Micro’s registered capital rose to 2.5 billion yuan (US$375 million) from 2.4 billion yuan (US$354 million).

CoreWeave warns on risks of shift from Nvidia

The company said Nvidia supplies all the graphics processing units currently used by CoreWeave’s customers.

Doctor Anywhere pieces together a profit

Doctor Anywhere reaches a key milestone with its first operating profit, while Meta makes a new wager in the intensifying AI race.

Cisco beats Q4 estimates, issues strong Q1 outlook

Cisco said it received US$4 billion in AI-related orders from hyperscalers, or the largest data center operators, in the quarter.

Nebius Q2 revenue jumps to $582m

Purchases of property, equipment, and intangible assets rose to US$5.66 billion from US$510.6 million as Nebius continued its AI infrastructure expansion.

Singapore’s UltraGreen.ai posts 45% H1 profit growth

UltraGreen also said it recently received regulatory approvals for Verdye in the Philippines and the IC-Flow Imaging System V2 in Malaysia.

Trump signed memo to allow use of cyber tools to target transnational criminal organizations, White House says

Battery cell production at Ohio plant to restart for GM EVs

Cisco forecasts annual revenue above estimates on sustained AI spending

Cerebras shares plummet 16% after results fail to impress investors

Cerebras raises annual targets on strong AI chip demand

Exclusive-Inside the Google executive moves that led to its big AI reshuffle

500 fake websites posing as MHA, Home Team agencies taken down; no evidence of scams, illegal access

The Home Team Science and Technology Agency identified these websites on Aug 10.

AI code review platform CodeRabbit valued at $1.5 billion in latest funding round

Nebius powers past estimates as customers race to secure AI computing power

Nebius beats estimates as customers race to secure AI computing power

German advocacy group lodges criminal complaint over Meta AI glasses

China's C919 jet makes first international commercial flight

CoreWeave, Super Micro surge on signs of sustained AI buildout

CoreWeave, Super Micro climb on signs of sustained AI buildout

‘Blow to China's pride’: Fallout extent from Long March 7A rocket failure hinges on what went wrong

A Long March 7A rocket exploded shortly after liftoff on Monday (Aug 10), bringing its half-decade run of successful missions to a fiery end. The extent of the fallout on China’s space programme wil...

Indian EV-sharing startup Yulu raises $93m in series C

Yulu operates about 45,000 EVs, so the target marks an increase from its current scale.

Tencent Q2 revenue climbs 11% on AI-driven ad gains, but profit falls short

Chinese AI startup ModelBest starts pre-IPO process

In mainland China, pre-IPO tutoring is a mandatory stage before a company can formally file for an IPO.

Foxconn 2nd-quarter net profit rises 35% on AI demand

The profit increase came off a high base, as Foxconn had previously said the year-earlier quarter was a record for a second quarter.

US AI startup Cognition eyes $1b raise at $40b valuation

Founded in 2023, Cognition says banks and automakers use its Devin coding agent.

Oracle unveils HR AI agents in Fusion Cloud

Oracle said the launch includes eight HR applications now available within Fusion Cloud HCM.

Malaysia’s U Mobile works with OpenAI to explore AI

OpenAI said the agreement is its first collaboration with a telecommunications provider in Malaysia.

Israeli VC firm Team8 Capital closes $265m fund for AI

Team8 said the fund will back seed and series A software startups in cybersecurity, software infrastructure and AI, fintech, and digital health.

US chipmaker Lam Research expands AI jobs in Singapore

Nearly 90% of the jobs in specialized engineering and technical areas tied to AI-driven chip demand.

Bringing flexible payments to the credit-starved

Mintpay targets Sri Lanka’s US$23 billion retail market by replacing cash dominance with a flexible, AI-driven payment ecosystem.

Pioneer Generation Fund liabilities exceed balance by nearly S$785 million

A parliamentary committee report also found that the S$10 billion Future Energy Fund has yet to make any expenditure. The fund could support nuclear power infrastructure if Singapore decides to deploy...

Temasek investment report lifts Samsung, SK hynix shares

If Temasek were to build a listed stake of 5% or more, South Korean rules would likely require disclosure within five business days of the trade date.

Alibaba Cloud launches AI supernode for enterprises

The first batch of instances is available in Alibaba Cloud’s Ulanqab region.

Scams are evolving quickly – partnerships can help us fight back

GenAI is fueling highly sophisticated scams, triggering a tech arms race against global criminal syndicates.

Proposed rezoning in one-north to double space for start-up facilities

JTC said the doubling of the permissible floor space lets it rejuvenate LaunchPad as an integrated development.

Samsung Asset Management lists US chip ETF

The ETF allocates more than 25% each to Arm, AMD, and Intel.

Macquarie Cloud signs 3-year Microsoft Azure deal

Macquarie said Microsoft forecast its Azure spending could reach up to A$278 million (US$193.1 million) over the three-year term.

Uber sells stake in delivery robot maker Serve Robotics

Serve’s daily active robot fleet fell from 812 to 792.

SpaceXAI unveils Grok Bot for workplace tasks

Its finance team uses Grok Bot to pull receipts from email.

Ant Group upgrades doctor app with AI hospital tools

The new platform adds AI tools for online consultations, patient management, clinical decision support, and medical research.

South Korea plans $710m AI sovereign wealth fund

The fund will back AI and other strategic sectors through Korea Investment Corp (KIC).

OpenAI releases ChatGPT desktop app preview for Linux

The preview supports Ubuntu, Debian, and Fedora desktop variants.

NUS researchers lead the way in strengthening Singapore’s biosurveillance capabilities

Five projects led by NUS and Duke-NUS Medical School will study zoonotic disease risks linked to urban birds, ticks, wildlife mammals, domestic dogs and cats, and wild and domestic birds as part of a ...

Super Micro beats estimates on AI server demand

Super Micro ended June with US$7.5 billion in cash and cash equivalents and US$8.7 billion in bank debt and convertible notes.

IBM signs $240m deal with cloud startup Together AI

Together AI says its platform supports more than 200 open-source models.

CoreWeave lifts capex outlook to $39b after Q2 beat

CoreWeave said its revenue backlog reached US$104.2 billion, up from US$99.4 billion in the first quarter.

General Catalyst leads $1.1b round for US startup River AI

Its CEO previously held AI roles at DeepMind and OpenAI.

India’s space cab revs up

We take a look at Skyroot’s race to space, as well as Sea Group’s solid Q2 earnings in charts.

Nvidia releases free AI model for single-GPU computers

CrowdStrike, CodeRabbit, and Harvey tested and customized the model.

Meta to unwind $2b Manus AI deal on China order

Some users must back up data created since December 29, 2025.

More than spice: Why Singapore’s ginger collection matters

Beyond the familiar knobby ginger, the order includes culinary staples like turmeric, galangal, and even bananas.

Japan business mood rises as semiconductor boom lifts manufacturers: Reuters poll

Ryanair signs five-year Google Cloud deal, expands use of AI in airline operations

North Korea fires missile ahead of major US-South Korea drills

The ballistic missile launch comes as South Korea and the US plan to conduct major joint military drills to counter North Korea's evolving nuclear and weapons capabilities.