Musk’s xAI raises $6 billion, plans supercomputer for artificial intelligence tools
Part of xAI's funding will be used to develop a supercomputer facility in Memphis.
Tycoon Gordon Tang to acquire Singapore's Suntec REIT for US$2.5 billion
Suntec City REIT's Suntec City is an integrated office, retail and convention center in Singapore. Provided by Suntec Real Estate Investment Trust Property tycoon Gordon Tang and his wife Celine have offered
Apple to invest US$1 billion in Indonesia: Investment Minister
A formal announcement is expected next week, following written commitments.
Hong Kong-listed property management company ESR Group secures US$7 billion privatization offer
ESR Group owns and manages 50 million square meters of real estate in 28 countries. ESR Group ESR Group, Asia's largest real estate fund management company in terms of assets under management,
DAMAC Group will invest US$3 billion to build Southeast Asia data center
The first factory in Bangkok, Thailand, is scheduled to start operations in March 2025.
General Motors loses US$5 billion in business in China
Transitioning to electric vehicles has proven costly for U.S. automakers, even those with operations in China. General Motors issued a warning to shareholders on Wednesday, signaling how painful and tricky the transition
Tesla fails to overturn ruling on Musk's $56 billion pay deal
Judge McCormick criticized Tesla's legal arguments for being inconsistent with established legal precedent.
Meta reportedly plans to invest $10 billion in global submarine cable project
According to reports, the planned route will connect the east coast to India via South Africa and return to the west coast via Australia.