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2024-11-29 12:06:34

AI growth is built upon Iinfrastructure modernization: How businesses must adapt to thrive
It doesn’t take a genius to understand that artificial intelligence (AI) is transforming industries at an unprecedented rate. According to IDC, global spending on AI is expected to reach $632 billion by 2028, with generative AI (GenAI) growing at a remarkable annual rate of 59.2 percent. Yet, as AI capabilities surge, the infrastructure needed to support them is straining under the...

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2024-11-20 16:00:29

HubSpot: despite the hype, only 27 percent of Singapore businesses officially implemented AI
A new report from HubSpot, the customer platform for scaling businesses, has found that despite an ongoing focus on artificial intelligence (AI) growth and adoption in Singapore, only 27 percent of local organizations have officially implemented AI or AI-enhanced tools to support employees with their work. HubSpot said in a statement on Wednesday that while organizational-wide adoption of AI...

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2024-12-12 08:00:54

Malaysia launches National AI Office for policy, regulation
Malaysia has launched a national artificial intelligence (AI) office aimed at shaping policies and addressing regulatory issues. The country has secured billions of dollars in investment in the past year from global tech firms seeking to build critical infrastructure to cater to growing demand for their cloud and AI services, Reuters reported. “This is another historical moment in our...

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2024-12-16 06:43:48

Malaysia-based YTL Power’s 100MW AI data center construction is on track
MIDF Research said Monday that Malaysia-based YTL Power International Bhd‘s 100MW artificial intelligence (AI) data center construction in Johor is on track. The research house said in a note after its visit to the green data center park that the Johor Data Center 1 (JDC1) will have an information technology (IT) load of 48MW (facility load 72MW) where SEA Ltd will be the anchor tenant...

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2024-12-30 16:12:26

MIDF highlights AI, EV as bright spots in Malaysia’s tech sector
MIDF Research has foreseen artificial intelligence (AI) and electric vehicle (EV) as bright spots in Malaysia’s tech sector next year. The research house said in its recent report that while 2024 has been a challenging year for the automotive sector due to a combination of weakened demand and high interest rates, EVs are the only growing segment, mainly supported by the China market....

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2024-12-15 04:18:03

YTL AI Labs releases Malaysian LLM ilmu 0.1
Malaysia-based YTL Power International Bhd’s artificial intelligence (AI) innovation unit YTL AI Labs has on Thursday announced the release of Ilmu 0.1 at the launch of the National AI Office by the Ministry of Digital. YTL Power International said in a statement that Ilmu 0.1, is a Malaysian large language model (LLM) built by Malaysians for Malaysians. Benchmarked against the Malay...

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2024-12-21 13:59:26

Zhang Yiming enters private equity with AI-focused Cool River Venture
The ByteDance co-founder’s Hong Kong-based firm will target early-stage tech investments, with artificial intelligence expected to be a core focus. Zhang Yiming, co-founder of ByteDance, has ventured into private equity with Cool River Venture, a Hong Kong-based firm he established in May 2023. Regulatory filings show that Cool River recently secured a Type 9 license from Hong...

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