China's advancements in semiconductors and AI model development are poised to disrupt the global AI tech landscape, offering cheaper alternatives that could erode the margins of current US tech leaders.
xAI has sued Terry Harwood in Texas federal court, alleging he misused its AI system Grok to create child sexual abuse material and non-consensual sexual imagery of adults, violating terms of service. This is among the first such lawsuits by an AI company.
A surge in wealth from AI startups and SpaceX has led to a significant increase in private jet purchases and charters. Tech investors, benefiting from IPOs and liquidity events, are channeling newfound wealth into private aviation, driving demand and sales for companies like Soar Aviation Law, Flexjet, and Jet Linx.
Chinese carmakers are increasingly designing their own smart-driving chips, turning custom silicon into a key weapon in the EV tech war. Li Auto's new Mach M100 AI chip, tailored for autonomous driving, highlights this trend.
Tencent is integrating WeChat with smartphone AI assistants from major Chinese phone makers like Huawei and Xiaomi. This move aims to keep its 1.4 billion users engaged by allowing voice commands for messaging and calls within the app, reversing past restrictions.
Singapore's Gross Domestic Product (GDP) grew by a seasonally adjusted 1% in the first quarter of 2026, significantly surpassing the government's initial estimate of a 0.3% contraction and Bloomberg's median forecast of 0.2% expansion. The Ministry of Trade and Industry (MTI) maintained its full-year GDP growth forecast at 2-4%.
China's AI start-ups saw funding jump 185% to over 110 billion yuan (US$16.2 billion) in Q1, driven by investor interest in LLMs and embodied AI. This surge boosted China's overall VC/PE market, despite a dip in yuan-denominated investments.
Singapore’s Grab reported first-quarter profit that exceeded analysts’ estimates, helped by resilient demand for ride hailing and delivery in a market rattled by economic and political challenges. Southeast Asia’s biggest ride-hailing and delivery firm has been trying to boost spending on its platform by incorporating artificial-intelligence features into its superapp and bundling its core ride-hailing, delivery and financial services. With oil and gas prices soaring due to the war in the Middle...
