Startups & Tech

GIC-backed Thai startup weighs IPO in Hong Kong or New York

Line Man Wongnai is moving ahead with plans to raise funds as it intends to boost investment in its fintech unit, Lineman Pay

Nvidia and OpenAI have been linchpins of the AI boom, but their relationship has come under new scrutiny in recent days amid reports of tensions between the two firms.

Nvidia nears deal to invest US$20 billion in OpenAI round

The startup is looking to raise up to US$100 billion in funding for a new round

The session focuses on how South-east Asia’s enterprise leaders are evolving with the AI era.

Has South-east Asia reached its AI inflection point or stalled at pilots?

The event will discuss strategies involving leadership alignment and organisational readiness

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This decision by OpenAI and others to seek out alternatives in the inference chip market comes as the two companies are in investment talks.

OpenAI is unsatisfied with some Nvidia chips and looking for alternatives: sources

The chipmaker remains dominant in chips for training large AI models, while inference has become a new front in the competition

Waymo operates fully autonomous ride-hailing, without a human safety monitor, and charges a fare for passengers in half a dozen US cities.

Waymo seeking about US$16 billion near US$110 billion valuation

The startup plans to aggressively expand the commercial service this year to many more American cities, as well as to the UK

The platform will expand its merchant network to Japan, Taiwan and Australia, said HeyMax co-founder and CEO Joe Lu.

Loyalty and rewards platform HeyMax raises a US$11 million Series A round led by Peak XV partners

Funding will be used to grow HeyMax’s partnership network in the region

The investment by GIC comes on the back of AI workspace company Notion opening a Singapore office in mid-2025, as part of its push for regional expansion.

GIC invests in AI workspace Notion through US$270 million employee share sale

The other investors are Sequoia Capital and Index Ventures

The group of plaintiffs alleges that Meta stores the substance of users’ communications and that workers can get access to them. 

Lawsuit claims Meta can see WhatsApp chats in breach of privacy

The complaint cites ‘whistleblowers’ as having helped bring this information to light, though it doesn’t explain who they are

Some semiconductor stocks have slumped this past week and investors shorted some stocks after Trump imposed tariffs aimed at AI chips.

Tariff risks vs AI boom: S-E Asia’s semiconductor stocks diverge but upside ahead

Investors mull over a mix of factors, but analysts cite target prices that are mostly higher