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Airwallex Raises US$320M at US$11B to Build AI-Powered Finance Tools
Global payments firm Airwallex has raised US$320 million in Series H funding at an US$11 billion valuation, earmarking the capital for AI-driven financial software and a new consumer wallet. The round comes six months after its previous US$330 million raise.
GIC, Mercedes Back Momenta's US$800M Autonomous Driving IPO
Singapore sovereign wealth fund GIC has joined Mercedes-Benz as a cornerstone investor in Chinese autonomous driving startup Momenta's upcoming Hong Kong IPO, which is targeting up to US$800 million at a valuation of roughly US$9 billion.
Singapore's CDA Deploys AI and Agentic Models in Disease Fight
Singapore's Communicable Diseases Agency (CDA) is embedding artificial intelligence across its disease detection and outbreak response workflows, using NLP, agentic AI frameworks, and real-time surveillance to stay ahead of infectious disease threats. CEO Vernon Lee says the technology frees up staff for higher-level policymaking.
Singapore and Indonesia Push Pragmatic AI Sovereignty for ASEAN
Singapore and Indonesia have called for a pragmatic approach to AI sovereignty at the Asia Economic Summit in Jakarta, rejecting the zero-sum framing of an AI arms race in favour of regulatory interoperability, broad-based adoption, and smart partnership choices. Ministers Josephine Teo and Meutya Hafid outlined a distinctly ASEAN vision focused on collaboration over isolation.
MAS Launches Future of Finance Institute to Drive AI and Tokenisation Beyond Pilots
The Monetary Authority of Singapore is setting up a new Future of Finance Institute dedicated to pushing AI and tokenisation projects out of the pilot phase and into real-world deployment. The institute will act as a coordinating body, bringing together financial institutions, technology firms, rese.
Singapore-Licensed YeahPay Quadruples Cross-Border Volume, Builds for Agent Commerce
Singapore-licensed payments firm YeahPay processed RMB 2.4 billion in cross-border transactions in Q1 2026, quadrupling year-on-year volume as global brands including Jumbo, Huawei, and BYD joined its network. The company is also positioning its infrastructure for agent-initiated commerce, preparing for a wave of AI-driven payment transactions across Southeast Asia.
GeeLark Expands In-App Automation for Mobile-First Social Media Teams
Singapore cloud-phone platform GeeLark has expanded in-app automation for teams managing TikTok, Instagram, WhatsApp and Facebook at scale, addressing a gap between browser-based tools and mobile-native social media operations. The platform combines cloud phones, RPA and centralised device management.
Micron's AI Memory Windfall Drives 80% Margins but Stings Consumers
Micron's operating margins hit 80 per cent as AI-driven demand for memory chips creates a windfall for manufacturers but raises costs for electronics makers and consumers. Apple reports the fastest, most drastic component price increase in its history, with iPad and Mac prices rising roughly 20 per cent.
US Allows Anthropic to Release Mythos 5 to Over 100 Trusted Firms
The US Commerce Department has permitted Anthropic to release its Claude Mythos 5 AI model to over 100 trusted partners after a two-week security review. The authorisation signals a new phase in balancing AI innovation with national security controls.
Global Financial Regulators Race to Build Their Own AI Defense Tools
Financial watchdogs covering 95 per cent of global markets are pooling resources to counter AI-driven cyber threats. Switzerland's FINMA is spearheading an IOSCO forum to accelerate AI adoption by regulators, as Anthropic's Mythos model exposes critical software vulnerabilities.
Vietnam and Singapore Partner on AI and Green Growth at Bilateral Forum
The 2026 Vietnam-Singapore Business Forum concluded in Hanoi with a joint push on AI adoption, carbon market development, and investment capital. Featuring Singapore Ambassador Rajpal Singh and former Temasek Chairman Lim Boon Heng, the forum identified AI as a strategic priority for bilateral cooperation.
MetaOptics Ships Metalens AI Smart Glasses and Smartphones for Evaluation
Singapore-headquartered MetaOptics has begun shipping evaluation units of its metalens-integrated 5G smartphone and AI smart glasses to customers in Europe, Japan, and the Philippines. The glass-based metalens technology replaces bulky multi-element lens stacks with a single ultra-thin optical layer, enabling thinner devices with advanced AI capabilities.