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Ecommerce Giant Alibaba and Tencent Invest $2.8 Billion in Kuaishou’s Kling AI as Valuation Hits $15 Billion
On July 3, 2026, Chinese technology companies Alibaba and Tencent backed one of the year’s largest artificial intelligence funding deals, investing $2.8 billion in Kuaishou’s Kling AI. The investment gives the AI video platform a $15 billion valuation and reflects rising confidence in China’s generative AI sector. With competition in AI accelerating worldwide, the deal…
Alibaba Backs ShengShu with $300 Million AI Video Investment
The global artificial intelligence race is heating up fast. In a major development, Alibaba has backed AI video startup ShengShu with a massive $300 million investment. This move is not just another funding deal. It shows how deeply Alibaba is pushing into the world of generative AI video technology, where machines can create realistic videos…
OCBC April 02: 360 Account Rate Cut to 4.45% Caps Deposit Yields
OCBC will cut the 360 Account’s maximum effective interest to 4.45% from May 1. We explain the ocbc 360 interest rate change, compare DBS Multiplier and UOB One, and outline impacts for Singapore savv
Singapore Dollar March 31: MAS Seen Tightening as Oil Shock Lifts CPI
Singapore dollar outlook: MAS seen tightening in April via a steeper S$NEER slope as oil-driven inflation lifts CPI. What it means for exporters, rates, and 2026 inflation.
OpenAI Puts Plans for Erotic Chatbot on Indefinite Hold: FT
In a surprising turn of events, OpenAI has indefinitely paused its plans to release an erotic chatbot, according to a report by the Financial Times. The move reflects growing concerns from both inside and outside the company about the social and ethical implications of sexualized artificial intelligence content. This decision comes as the company focuses…
^GSPC Today, March 25: Yields Jump on Soft 2Y Sale as Oil Rebounds
US Treasury yields rose after a weak 2-year Treasury auction as oil prices Middle East risks lifted crude. What it means for S&P 500 today and how Singapore investors can respond.
OpenAI’s Sora App, Once Called the Creepiest on Phones, Is Shutting Down
The artificial intelligence industry witnessed a surprising shift as OpenAI’s Sora officially announced its shutdown only months after gaining global attention. The AI video generation app, once described by critics as one of the “creepiest” applications on smartphones due to its hyper-realistic content capabilities, is now being discontinued as OpenAI restructures its long-term strategy. The…
Gold Price March 19: Safe-Haven Unwinds on Oil Spike, Fed Hold
Gold price drops as oil jumps above US$100 and the Fed holds rates. What this means for Singapore investors, portfolio moves to consider, and key events to watch next.
^DJI Today, March 13: Oil at $100, tanker attacks deepen selloff
Oil price today nears Brent crude $100 as Strait of Hormuz risks rise, sending the Dow Jones index to a 2026 low. What this means for Singapore investors, rates, and sector moves.