Humanoid robotics maker Sunday reaches $1.15B valuation to build household robots
Humanoid robotics maker Sunday reaches $1.15B valuation to build household robots Robotics company Sunday has raised a new funding round that has valued the company at unicorn status, meaning over $1 billion, it announced on Thursday. Sunday says it has raised $165 million at a $1.15 billion valuation in a Series B round led by Coatue Management. Other investors […]
Meta reportedly considering layoffs that could affect 20% of the company
Meta reportedly considering layoffs that could affect 20% of the company Meta is considering major layoffs that could affect 20% or more of the company’s workforce, according to Reuters. These layoffs could help the Facebook parent company offset its aggressive spending on AI infrastructure, as well as AI-related acquisitions and hiring. Meta employed nearly 79,000 people as of […]
ByteDance reportedly pauses global launch of its Seedance 2.0 video generator
ByteDance reportedly pauses global launch of its Seedance 2.0 video generator ByteDance has paused plans to launch its new AI video model globally, according to a report in The Information. The Chinese company, best known as TikTok’s parent organization (and now a minority shareholder in its U.S. spinoff), launched Seedance 2.0 in China back in February. Brief […]
Vietnam AI Law
Vietnam’s New AI Law Takes Effect, Raising the Bar for Businesses Vietnam has brought its new artificial intelligence law into force, putting in place one of the region’s most comprehensive frameworks for how the technology is used. The Law on Artificial Intelligence came into effect on 1 March 2026. It introduces formal requirements that […]
How AI agents could destroy the economy
How AI agents could destroy the economy On Sunday, an analyst group called Citrini Research published a remarkable piece illustrating how agentic AI could bring on mass economic destruction over the next two years. The scenario imagines a report from two years in the future, in which unemployment has doubled, and the total value of the stock […]
Tesla’s battle with the California Department of Motor Vehicles isn’t over after all
Tesla’s battle with the California Department of Motor Vehicles isn’t over after all Tesla has filed a lawsuit against the California Department of Motor Vehicles in an attempt to overturn an agency ruling. The state DMV ruled that Tesla used deceptive marketing to overstate the automated driving capabilities of its vehicles, thereby violating state law. […]
Nvidia challenger AI chip startup MatX raised $500M
Nvidia challenger AI chip startup MatX raised $500M MatX, a chip startup founded by two former Google hardware engineers, has raised a $500 million Series B led by Jane Street and Situational Awareness, an investment fund formed by former OpenAI researcher Leopold Aschenbrenner. The company’s goal is to make its processors 10 times better at […]
Mosti to host first Asean tech startup summit under 2025 chairmanship
Mosti to host first Asean tech startup summit under 2025 chairmanship The Ministry of Science, Technology and Innovation (MOSTI), through its agency – Cradle Fund Sdn Bhd (Cradle) – today launched the Cradle LIVE! Startup ASEAN Summit 2025 to be held from Nov 3-5 in Kuala Lumpur. Set as a collective commitment to building an integrated […]
Thailand, Cambodia Set for Border Ceasefire Pact as ASEAN Leaders Gather in Kuala Lumpur
Thailand, Cambodia Set for Border Ceasefire Pact as ASEAN Leaders Gather in Kuala Lumpur Malaysia’s Foreign Minister Mohamad Hasan announced Tuesday that Thailand and Cambodia are expected to sign a ceasefire agreement during the upcoming ASEAN leaders’ summit in Kuala Lumpur, scheduled for October 26–28. The deal, to be facilitated jointly by Malaysia and the […]
October launch of ASEAN tech hub expected to drive regional innovation
October launch of ASEAN tech hub expected to drive regional innovation The ASEAN Technology Management Hub (ASEAN TMH) has taken a major step towards its official launch, scheduled for the 88th ASEAN Committee on Science, Technology and Innovation (COSTI) Meeting in Kuala Lumpur, Malaysia this October. The 6th EU-ASEAN Workshop, held from June 4–5, brought […]