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WebWhy Malaysia's AI Future Depends on Building Capability
1+ hour, 28+ min ago (416+ words) Artificial intelligence is rapidly evolving from a productivity tool into a strategic capability. The real question is whether countries will adopt AI built elsewhere, or build the capability to develop, deploy, and control AI on their own terms. In mid-June,…...
MDEC partners CapBay in providing access to RM200m growth financing for tech ecosystem
3+ hour, 6+ min ago (252+ words) KUALA LUMPUR (July 16): The Malaysia Digital Economy Corporation (MDEC) has partnered with Bay Smart Capital Ventures Sdn Bhd (CapBay) to provide eligible Malaysia Digital (MD) status companies with access to a RM200 million growth financing pool. The initiative by CapBay, a Malaysian…...
Asia entering multi-trillion-dollar energy investment cycle as AI power demand rises, says MetLife
3+ hour, 34+ min ago (248+ words) KUALA LUMPUR (July 16): Asia is entering a multi-trillion-dollar energy capital expenditure cycle over the coming years as governments and utilities invest in electricity infrastructure to accommodate rising power demand, according to MetLife Investment Management. “Perhaps the most underappreciated consequence of…...
JPMorgan CEO Dimon says Anthropic's Mythos AI risks are a 'real issue"
7+ hour, 46+ min ago (211+ words) BENGALURU/MEXICO CITY (July 15): JPMorgan Chase CEO Jamie Dimon said on Wednesday that risks posed by Anthropic's Mythos AI model are a "real issue" that the US government is on top of, underscoring concerns about the powerful model that have…...
China hedge funds that won big on AI start looking for exits
1+ day, 7+ min ago (670+ words) (July 15): Chinese hedge funds that made hefty gains on artificial intelligence-linked stocks this year are starting to dial back their exposure, telling investors they are on high alert for signs the rally is becoming unsustainable. Shanghai Everlead Capital told investors…...
Meta used AI to target workers with medical conditions for layoffs, lawsuit claims
23+ hour, 58+ min ago (344+ words) (July 15): Twenty-six employees of Meta Platforms have filed a novel lawsuit accusing the tech giant of using AI-powered software that disproportionately targeted people with disabilities or who took medical leave in selecting workers for mass layoffs. The lawsuit, filed in…...
Nokia to sell Nvidia-powered AI mobile network Gear From 2027
1+ day, 1+ hour ago (466+ words) (July 15): Nokia Oyj says it developed the first commercial artificial intelligence-driven radio access network platform together with Nvidia Corp to radically increase the amount of data operators can transmit using existing infrastructure. The move comes less than ten months after…...
Generative AI's power sparks fears of dumbing humans down
1+ day, 1+ hour ago (623+ words) PARIS (July 15): Generative AI chatbots capable of writing emails and computer code, translating, organising a trip or coming up with gift ideas are now readily available, prompting some to ask whether human brainpower could suffer for lack of use. A…...
EG Industries clinches US$100m deal with US tech firm to manufacture advanced open networking switches
1+ day, 2+ hour ago (343+ words) KUALA LUMPUR (July 15): Electronics manufacturing services firm EG Industries Bhd (KL:EG) has secured a deal worth US$100 million (RM407 million) from a US-based firm to manufacture and sell advanced networking switches using co-packaged optics technology. In a bursa filing on…...