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AI chip maker SambaNova raises $676 million, valued at over $5 billion
(Reuters) - SambaNova Systems, a Silicon Valley startup that makes semiconductors for artificial intelligence related computation work, said on Tuesday it raised $676 million in a funding round led by SoftBank Group Corp's Vision Fund 2.
Drone maker DJI the latest Chinese tech giant to get into the car game
World’s largest consumer drone maker will unveil smart car technology at Auto Shanghai 2021. DJI’s leap into smart vehicle technology follows similar steps from Baidu, Xiaomi and Huawei.
SC reprimands Remitano, includes in investor alert list
KUALA LUMPUR: The Securities Commission Malaysia (SC) has reprimanded Remitano for operating a digital asset exchange (DAX) in Malaysia without authorisation and has included the entity on its Investor Alert list.
Intel to supply self-driving systems for delivery trucks
Intel on Monday said it is supplying self-driving systems to Silicon Valley startup Udelv, which plans to have a fleet of autonomous delivery vehicles in action within two years.
PCCS to diversify into used car financing, insurance
PETALING JAYA: PCCS Group Bhd will enter a joint venture (JV) to diversify into used car financing and insurance business.
Fintech to drive retail investing
KUALA LUMPUR: The capital market will continue to be an attractive destination for retail investors, facilitated by new technologies which enable better access to information and trading platforms, according to Bursa Malaysia director of securities market Azhar Mohd Zabidi.
UAE’s Mubadala may join US$12bil Aramco deal
ABU DHABI: An Abu Dhabi sovereign wealth fund may join a group investing in Saudi Aramco’s oil pipelines, in a deal set to be backed by a loan of around US$10.5bil (RM43bil).
Mida positive on R&D investment outlook
KUALA LUMPUR: The Malaysian Investment Development Authority (Mida) is maintaining a positive outlook on research and development (R&D) investments in line with the cautiously optimistic investment climate at present amid the Covid-19 pandemic, said chief executive officer Arham Abdul Rahman.(pic)
UK revises foreign takeover bill to reduce burden on companies
LONDON: The UK plans to amend the proposed National Security and Investment law to ease the burden on foreign companies seeking to buy stakes in British assets, amid fears more onerous legislation might deter investors.
