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OpenAI to open Asia-Pacific hub in Singapore

Livemint

Livemint · 10m ago

OpenAI to open Asia-Pacific hub in Singapore

- OpenAI plans to open a Singapore office as its Asia-Pacific hub. - Oliver Jay has been appointed as the managing director for International, overseeing the company's global expansion. - Singapore is OpenAI's second office in Asia, following the recent opening of its Tokyo office. - The company aims to partner with the Singaporean government and tap into the country's thriving AI ecosystem. - OpenAI will be hiring 5 to 10 roles by the end of the year and is actively seeking office space in Singapore. - OpenAI has seen a significant increase in weekly active users of ChatGPT in Singapore since the beginning of the year.

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Juspay opens APAC hub in Singapore to tap digital payments growth

YourStory

YourStory · 4m ago

Juspay opens APAC hub in Singapore to tap digital payments growth

Juspay has opened a regional hub in Singapore to enhance its presence in the Asia Pacific market, supporting regional merchants with diverse payment methods and regulatory needs. The company partnered with Agoda to streamline payments infrastructure and plans to expand its Singapore team. This marks a strategic move amidst APAC's evolving digital payment landscape. Juspay aims to tackle global payment challenges by optimizing transaction costs, authorization rates, and local payment methods for enterprises in the region.

OpenAI unveils learning accelerator, India-first initiative; partners with IIT Madras, others - The Economic Times

Economic Times

Economic Times · 3d ago

OpenAI unveils learning accelerator, India-first initiative; partners with IIT Madras, others - The Economic Times

OpenAI has launched an India-first learning accelerator, partnering with IIT Madras and education bodies to enhance AI research, tools, and training, supported by $500,000 funding. This initiative aims to provide 500,000 ChatGPT licenses, focusing on improving education through AI. OpenAI plans to open its first India office in New Delhi and has appointed Raghav Gupta to lead educational efforts in India and Asia Pacific, strengthening AI literacy and access among educators and students.

OpenAI appoints former Coursera executive Raghav Gupta as education vertical head - The Economic Times

Economic Times

Economic Times · 4d ago

OpenAI appoints former Coursera executive Raghav Gupta as education vertical head - The Economic Times

OpenAI has appointed Raghav Gupta, former Asia Pacific MD at Coursera, to lead its education vertical in India and APAC. The company plans to open its first Indian office this year and introduce India-specific educational initiatives, including a learning accelerator with IIT Madras, AICTE, and the Ministry of Education. Additionally, OpenAI announced a $500,000 grant for IIT-Madras to explore AI's classroom applications as part of its expansion efforts in this key market.

Mistral AI plans IPO | TechCrunch

TechCrunch · 7m ago

Mistral AI plans IPO | TechCrunch

French AI lab Mistral, founded in 2023, plans an IPO and expansion into Asia-Pacific. Co-founder Arthur Mensch announced at the World Economic Forum that Mistral aims to grow in Europe and the U.S., with additional offices in Singapore. Mistral, valued at around $6 billion, has raised $1.14 billion from investors like Andreessen Horowitz and competes with firms like OpenAI. It offers AI models, including a ChatGPT-like service named Le Chat.

India’s tech spending to grow by 10.8% in 2024, highest in APAC: report

Economic Times

Economic Times · 1y ago

India’s tech spending to grow by 10.8% in 2024, highest in APAC: report

Technology spending in India is expected to grow by 10.8% to reach $54.5 billion in 2024, the highest in the Asia Pacific region, according to a report by Forrester. The report also states that spending in AI-augmented software and services will outpace other IT categories. The overall technology spending in the Asia Pacific region is projected to grow at a compound annual growth rate of 6.4% to 7.4% per year, reaching $876 billion in 2027. The report highlights China, Singapore, Australia, and the rest of Southeast Asia as other regions with significant tech spending growth potential.

Google opens new cyberdefence hub in Tokyo amid China threats

Economic Times

Economic Times · 1y ago

Google opens new cyberdefence hub in Tokyo amid China threats

Google has opened a new cyber defense hub called the Cybersecurity Center of Excellence in Tokyo to address the increasing digital security threats faced by the region, particularly from China. The center aims to conduct research, train talent, and collaborate with experts from countries like India, Australia, and South Korea to tackle cyberattacks. It is Google's first cyber defense hub in Asia and comes in response to the Asia-Pacific region being a primary target for cyberattacks due to a lack of cybersecurity talent. The move follows warnings from Google and Japanese authorities about the growing cyber threat from China.

Google sets up first Asia-Pacific cybersecurity base in Tokyo, Nikkei reports

Reuters · 1y ago

Google sets up first Asia-Pacific cybersecurity base in Tokyo, Nikkei reports

Google has established its first cybersecurity base in Tokyo, marking its entry into the Asia-Pacific region. The base will serve as a hub for computer engineers to study and develop cyber countermeasures. The move is in response to the rising importance of cybersecurity in the digital age. This marks an expansion of Google's efforts to enhance cybersecurity globally.

CapitaLand taps Japanese firm to wrap up fundraising for second India vehicle

VCCircle

VCCircle · 9m ago

CapitaLand taps Japanese firm to wrap up fundraising for second India vehicle

Singapore-based real assets manager CapitaLand Investment Ltd has completed fundraising for its India-focused real estate vehicle. The company secured commitments from Japanese firm Daibiru Corporation, the real estate subsidiary of Mitsui Shipping. CapitaLand focuses on investing in the Asia-Pacific region and its latest vehicle aims to target real estate opportunities in India.

Mapletree ramps up India logistics portfolio by acquiring warehousing asset

VCCircle

VCCircle · 1y ago

Mapletree ramps up India logistics portfolio by acquiring warehousing asset

Mapletree, a real assets manager, has expanded its logistics portfolio in India by acquiring a leased out warehousing asset in Delhi's National Capital region. This acquisition follows Mapletree's previous acquisition of assets owned by KSH Infra Group last year. The Singapore-based investor is focused on Asia-Pacific and continues to strengthen its presence in India's logistics sector.

Stonepeak closes Asia Infrastructure Fund at $3.3 billion

IndianStartupNews

IndianStartupNews · 1y ago

Stonepeak closes Asia Infrastructure Fund at $3.3 billion

Alternative investment firm Stonepeak has successfully closed its Asia Infrastructure Fund, collecting $3.3bn in capital commitments, surpassing its initial $3bn target. The fund will focus on sectors including communications, transport, logistics, and energy, with a diverse range of investments across developed and high-growth countries in Asia-Pacific. Six investments have been made so far in line with the fund's strategic vision. Stonepeak has expanded its presence in Asia with teams located across Hong Kong, Singapore, Sydney, Seoul, and Tokyo. The company's total assets under management now stand at $61.1bn.

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