Amazon.com plans to spend US$9 billion to expand its cloud computing infrastructure in Singapore, the latest global technology company to boost investment in Southeast Asia. The outlay, to be done over the next four years, doubles the investment of subsidiary Amazon Web Services (AWS) in Singapore and helps it meet growing customer demand for cloud …
By Faith Hung TAIPEI (Reuters) – Money is pouring into Taiwan exchange-traded funds as investors scramble for exposure to the artificial intelligence supply chain, raising analyst and regulator caution just as a rally in the sector has turned fickle and volatile. The rush into exchange-traded funds (ETFs) has changed the ownership structure of a $2 …
In healthcare, the integration of cloud technology emerges as an indicator of transformative progress. The narrative of “Cloud-powered Healthcare” is one of evolution—not only in technology but also in patient care and healthcare administration. The core principle driving this change is the release of a lightweight software version that leverages cloud interoperability. The use of …
A four-day week is imminent, hedge fund titan and billionaire New York Mets owner Steve Cohen told Andrew Ross Sorkin on Wednesday during a CNBC Squawk Box appearance. It’s not because workers have been begging for it, or because studies confirm it improves work outcomes, or even just because it’s universally popular. Rather, Cohen—currently CEO …
The UK is approaching a seismic shift in how people pay, with digital wallets set to comprise half of all e-commerce spend and nearly a third of POS transaction value by 2027, according to a report from Worldpay. While digital wallets first emerged in the late 1990s, the Covid-19 pandemic provided an adoption tipping …
WarpStream Labs, the cloud native data streaming infrastructure company, announced it raised $20M in funding led by Greylock and Amplify Partners. Angel investors in the round include Ben Sigelman (CEO of Lightstep), Spencer Kimball (CEO of CockroachDB), and Barry McCardel (CEO of Hex Technologies). The company will use the funds to hire more engineers, scale …
The Monetary Authority of Singapore has told the country’s financial institutions to make sure they are prepared for the rising cybersecurity risks posed by quantum computing. Experts predict that over the next decade cryptographically relevant quantum computers will start posing cybersecurity risks. These computers will break commonly-used asymmetric cryptography, while symmetric cryptography could require …
European countries are some of the best places for pensions in the world, analysis shows, and AI is having an increasing impact on how each system works. ADVERTISEMENT The Netherlands is top of the class when it comes to comparing pension systems around the world, according to a recent global pensions report from the Mercer …
Independent telecom TekSavvy says the federal regulator must urgently level the playing field when it comes to internet competition amid a shrinking market for small providers. The Chatham, Ont.-based carrier appeared before the CRTC on Friday as the commission held the final day of a week-long hearing that heard from 22 groups, including major and …
Klarna has rolled out a new service for customer data sharing with merchants, enabling a smoother checkout process and personalised offers for users. On registration, the customer chooses what data they wish to share with the merchant, and sign-up to any membership or bonus programmes on offer. Merchants gain access to personal data with …