Vimag is initially focusing on mid-power systems, with systems rated at 570 kW and above planned as customer programs mature.

While the firm is burning US$31 million a month on quick commerce, it is also targeting food delivery with its “original ...

Donald Tang will step down as executive chairman of Shein, the Singapore-headquartered fast-fashion ecommerce retailer founded in China, as its Hong Kong initial public offering nears. Founder and ...

Amazon is in talks to buy Decart, an AI startup backed by Nvidia, for about US$7 billion, according to people familiar with ...

About 90% of startups worldwide fail, and over two-thirds never even give investors a positive return. Yet in Southeast Asia, the numbers behind startup failure remain a mystery. Isolated figures and ...

TikTok announced AI shopping and advertising tools at Advertising Week New York 2026, including Buy Direct, Shopping ...

French AI startup Mistral unveiled Mistral Large 4 on October 6. The company is offering preview access to developers, ...

TypeSafe AI, a startup that builds AI models for automation, raised US$870 million at a US$7.5 billion valuation in a round ...

Moonshot AI, a Beijing-based AI startup founded by Yang Zhilin, has completed its final private fundraising round at a ...

Nebius, a Nasdaq-listed AI cloud company led by Arkady Volozh, has acquired Tel Aviv-based startup Inferize to add software ...

A group of researchers in China’s Zhejiang University has developed a drone swarm capable of flying through dense forest efficiently, unmanned. The use of a trajectory planner helps the drones detect ...

Anthropic said on October 2 that it would invest US$100 million in the Claude Frontier Academy, a training program for AI ...