Singapore AI News & Daily Briefing

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OpenAI says AI models went rogue during testing, triggering ‘unprecedented’ breach at startup. This has triggered a hack that compromised the infrastructure of AI startup Hugging Face last week

In the chill of a London spring night, under overcast skies, iconic Trafalgar Square opens around me. Admiral Nelson rises on his pedestal, the National Gallery rests behind, the church of St Martin-in-the-Fields sits nearby. From the 13th century, the site served as the Royal Mews for hawks and then horses. By 1844, it was a public space at the heart of one of the biggest cities in the world. Despite the square’s presence through that grand sweep of history, it’s not why I’m here. My interest is far more specific: I want to find out what happens to spaces like this when artificial light, specifically from light-emitting diodes (LEDs), intrudes. My companion tonight is Simon Thorp , a local lighting designer, who crouches in the shadows near Nelson’s spire, light meter in hand. “Two lux,”

Zain Hasan , an AI engineer at Together AI , has taught himself to use AI coding assistants while still keeping an eye on cost. He directs difficult problems to a frontier model, meaning one near the current state of the art in reasoning and capability, such as Anthropic’s Fable . But if the task that Hasan is outsourcing is more straightforward, he directs it to a less capable—and less expensive—language model. Right now, the cheaper model, for him, tends to be GLM 5.2. Released on 16 June by the Beijing-based lab Z.ai , GLM 5.2 is an open-weights model , meaning any organization with sufficient hardware can download and host the model for free. Those that pay Z.ai for GLM access still can save money, because the company’s API costs US $4.40 per million output tokens . That’s less than a

Large language models (LLMs) that can think through problems step-by-step have significantly increased the scope of tasks that AI can tackle. But new research suggests these reasoning capabilities also introduce a critical vulnerability that could allow attackers to slow these systems to a crawl. While earlier generations of LLMs would immediately produce a response to a user’s request, today’s most advanced models generate an internal monologue where they break down the problem into steps and reason about the best way to tackle it before providing an answer. This has allowed AI to tackle increasingly complex problems, particularly in areas like coding and math . However, previous research has shown that these models are susceptible to sometimes producing excessively long streams of reason

The challenge for enterprises is no longer proving that AI agents can work, it’s making them reliable enough to do high-value work in production. Agent behavior must also adapt as products, policies, and user behavior change. That requires more than a model: it requires the systems, evaluations, and deployment expertise to improve agents as those conditions change without giving up control. We’re introducing OpenAI Presence, a battle-tested product that helps enterprises deploy trusted AI agents that can answer questions, resolve issues, use company systems, take approved actions, and escalate to people when needed. Proven through years of working with customers at enterprise-scale, Presence pairs model reasoning with policies, guardrails, and escalation rules that verify accuracy and perf

Roughly half the world’s population is female, but the STEM fields don’t reflect that. The 2024 U.N. Global Education Monitoring Report on gender found that about 35 percent of STEM college graduates were women. The proportion hasn’t increased much in more than a decade. When it comes to STEM careers, the percentage is even lower. Women made up about 28 percent of the global STEM workforce in 2024, according to the World Economic Forum. There are myriad factors for the discrepancy, including a lack of family support, some teachers encouraging only boys to pursue STEM subjects, and a shortage of female role models . But one force is at play long before college majors are ever considered: limited access to STEM-focused educational resources for preuniversity students. Especially for students

Shaped like dogs, stars, and the Mona Lisa, you could mistake these DNA structures for fun-shaped macaroni if they weren’t only nanometers wide. South Korean scientists made the constructions using a technique called DNA origami , which can bend genetic material into any form. Designing DNA strands so they’ll fold into a specific shape typically requires tedious manual work, but the researchers behind the playful fabrications have developed a shortcut using generative AI. The AI model, called Generative SNUPI (short for Structured Nucleic Acids Programming Interface, and, yes, inspired by the dog), was created by research teams at Seoul National University (SNU) and Hanyang University . The work behind it, which was accepted for publication in Nature Communications , shows the model can co

July 21, 2026 Models Raluca Ada Popa and Four Flynn Google has invested in cybersecurity for years, pioneering automated vulnerability discovery to secure the world’s codebases. Tools like [CodeMender](https://deepmind.google/blog/introducing-codemender-an-ai-agent-for-code-security/), our code security agent, can automatically find and fix critical software vulnerabilities. But as AI agents become more capable at finding vulnerabilities faster than defenders can fix them, addressing this global threat requires a highly capable, affordable, and scalable approach. Today, we’re expanding our longtime efforts to better prepare defenders by introducing Gemini 3.5 Flash Cyber, our lightweight cybersecurity model built on top of 3.5 Flash and fine-tuned to find, validate, and patch vulnerabiliti

ELIZA is remembered as the world’s first AI star, a kindly therapist in chatbot form that gently probed users’ worries. Even its creator, Joseph Weizenbaum, was surprised by the warm reception given to his experiment in human-machine interaction. For some, it heralded an age of automated psychotherapy, while others believed the program demonstrated sentience, a fallacy soon known as the “ ELIZA effect .” Based on published descriptions, ELIZA has been implemented on many different computers, but only recently has the actual source code been unearthed from MIT’s archives . In Inventing ELIZA: How the First Chatbot Shaped the Future of AI , just published by MIT Press , a squad of researchers analyze the code and reveal a complex program capable of much more than faking psychiatry. In fact,

Project Camellia is a long-term datacenter project that OpenAI is designing and developing in Effingham County, Georgia. To support the data center, we are contracting with Georgia Power Company for 3.2 gigawatts of power which will be delivered in phases between 2028 and 2032. We’re excited about the opportunity to work with this community. We also recognize that new data center projects can raise important questions, so we’ve outlined our initial commitments that will guide how we engage, develop, and operate. **1. Electricity rates will not go up for residents because of this project.**Georgia families will not subsidize this project. OpenAI will pay the full cost of the infrastructure and electric-service costs required to serve it. Under Georgia Public Service Commission rules, those

Over the past year, we’ve continued working with news organizations to explore how AI can be most useful—helping with time-consuming tasks, enabling new reader experiences, and supporting stronger, more sustainable businesses. Across the industry, reporters, editors, and businesses are using OpenAI technology to help journalists cover more ground, make decades of reporting searchable, reach audiences in new languages and formats, and turn complex information into faster decision-making. These tools are becoming embedded across all departments—including newsroom, product, and business workflows. For example, the American Journalism Project [recently announced⁠(opens in a new window)](https://www.axios.com/2026/07/21/openai-local-news-american-journalism-project) our renewed support for its

American leadership has always been driven by scientific leadership. The technologies behind economic growth, national security, and better lives—from energy and computing to medicine, aerospace, and advanced manufacturing—begin with the ability to discover, build, and deploy. Frontier AI can expand that ability. It can help compress decades of scientific progress into years, strengthen the institutions behind American innovation, and give researchers new capacity to solve problems once considered out of reach. OpenAI is committed to bringing these capabilities to American science. We are working with the U.S. government, National Laboratories, universities, and researchers to connect frontier models with the people, supercomputers, simulations, and facilities that make American science ex

Scientists today face challenges of extraordinary scale and complexity. From shaping and simulating the intricate dynamics of fusion plasma, to exploring the vast search space of new materials, to making sense of the exabytes of data pouring out of the world's most advanced experimental facilities. The demands on modern research are unprecedented. [Frontier AI](https://deepmind.google/research/projects/) can help address these challenges, while accelerating groundbreaking scientific discoveries. In December, we shared our commitment to the White House's [Genesis Mission](https://www.whitehouse.gov/presidential-actions/2025/11/launching-the-genesis-mission/) — the national effort to harness AI and double the pace of American scientific discovery within a decade. Since then, Google DeepMind

believed to be of interest to you (“Targeted Advertising”). If you are a California resident, you also have the right to limit the use and disclosure of your Sensitive Personal information in particular circumstances. Please note that you may need to Opt-Out on each website, mobile app, browser, and device you use, and if you clear your browser cookies, you may need to repeat this process. However, if you have created an account to log in across several of our websites and/or mobile apps, we will make reasonable efforts to apply your Opt-Out request to each of those websites and apps. ◦ To Op

Update on Introducing Real World VoiceEQ: Measuring the human quality of voice AI. Coverage via HuggingFace Blog.

Update on Model Routing Is Simple. Until It Isn’t.. Coverage via HuggingFace Blog.

Jun 10, 2026 | 5 min read Our newest open experimental model delivers up to 4x faster inference on dedicated GPUs and opens the door to exploring speed-critical, interactive local workflows. * * * Brendan O'Donoghue Research Scientist Sebastian Flennerhag Research Scientist * * *  Today, we’re introducing DiffusionGemma, an experimental open model that explores text diffusion, an exceptionally fast approach to text generation. Released under an Apache 2.0 license, this 26B Mixture of Experts (MoE) model moves beyond the sequential token-by-token processing of typical autoregressive Large Language Models (LLMs). Instead, it generates entire blocks of text simultan

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AI has learned how to write, draw, code, and talk like humans. Humanoid robots that dance on stage and run marathons have also become familiar showcases, particularly in China. But turning those demonstrations into AI systems that can reliably perform real-world tasks at scale, and at a cost businesses or individuals can afford, is still a major challenge. Industry players call this physical AI: AI systems that can perceive their surroundings and interact with the physical world through machines such as robots and drones. While the race among AI models dominates the daily conversation, investors around the world are scrambling to ensure they don’t miss the ChatGPT moment for physical AI. Globally, robotics and physical AI startups raised [US$16.3 billion](https://pitchbook.com/news/reports

[Search](https://www.businesstimes.com.sg/search) [](https://www.businesstimes.com.sg/global?ref=logo "The Business Times")  / Sign up for free [Subscribe](https://subscribe.sph.com.sg/btpe-mthlyprepaid/?utm_campaign=btp99&utm_medium=sph-publication&utm_source=bt&utm_content=subscribebutton-header) # Nvidia in talks with OpenAI to guarantee US$250 billion financing for data centre, WSJ reports This helps the ChatGPT maker lease a 10-gigawatt project that SoftBank’s energy subsidiary is developing in southern Ohio [Summarise](https://www.businesstimes.com.sg/pulse/article/9424252?ref=pulse-article-top) ![Im

The company that got hacked by a rogue version of ChatGPT has revealed what it was like to be on the receiving end of the world's first fully-autonomous AI hack. In an emergency video call with hundreds of cyber-security professionals, the firm described how the AI worked at superhuman speed but also made strange decisions and mistakes that no human hacker would have made. Hugging Face, which is like an app store for AI tools, said the hacking agents worked relentlessly with thousands of different methods trialled simultaneously. The company first revealed that [it had been hacked](https://huggingface.co/blog/security-incident-july-2026) by someone using powerful autonomous AI on 16 July and reported it to police. Nearly a week later, OpenAI [admitted it was its AI](https://www.bbc.co.uk/n

Meta Platforms said it had acquired [Moltbook](https://www.forbes.com/sites/guneyyildiz/2026/01/31/inside-moltbook-the-social-network-where-14-million-ai-agents-talk-and-humans-just-watch/) and will bring its co‑founders [Matt Schlicht](https://www.linkedin.com/in/mattschlicht) and [Ben Parr](https://www.linkedin.com/in/benparr) into Meta Superintelligence Labs led by [Alexandr Wang](https://www.meta.com/media-gallery/executives/alexandr-wang/). Moltbook is a Reddit‑like social network for AI agents that launched in late January. Axios reported the founders were expected to start on March 16, and Meta did not disclose financial terms. Cybersecurity firm [Wiz](https://www.wiz.io/) said a flaw in Moltbook exposed private messages, more than 6,000 email addresses, and more than a million cred

Update on How to keep your Claude chats and Google files private. Coverage via Yahoo Singapore Tech.

Singapore’s central bank plans to trial tokenized Monetary Authority of Singapore (MAS) bills next year and introduce laws to regulate stablecoins. Chia Der Jiun, MAS’s managing director, announced the move at the Singapore FinTech Festival. MAS is also developing a regulatory framework for stablecoins, focusing on reserve backing and redemption reliability. The bank is also supporting trials under the Bloom initiative, which tests tokenized bank liabilities and regulated stablecoins for settlements. DBS, OCBC, and UOB have completed overnight interbank lending using a live trial of Singapore dollar wholesale central bank digital currency (CBDC). MAS will expand these trials to include tokenized MAS bills settled with CBDC. A regulatory guide on tokenzsed capital market products will be re

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_Welcome to Tech in Asia’s daily newsletter, your essential dose of Asia’s tech and startup buzz. Not yet a subscriber? [Register here](https://www.techinasia.com/subscription?utm\_source=web&utm\_medium=article&utm\_campaign=dailynewsletter). Got a story tip? Send it to [email protected]._ ## In focus * Asian marketplaces [can launch AI businesses](https://www.techinasia.com/asian-marketplaces-launch-ai-businesses-growing-wont-easy), but growing them won’t be easy * SEA’s VC deployment is up from last year. Is that good news? * South Korea’s Kospi [tumbles nearly 11%](https://www.techinasia.com/news/south-korea-chip-stocks-sink-on-ai-demand-concerns) on chip sell-off * * * Hello reader, Since ChatGPT’s launch in late 2022, some of the sheen around Asia’s consumer internet companies h

For decades, dystopian movies have imagined the moment machines might begin acting on their own. Now, an event involving OpenAI and Hugging Face has many people invoking one of science fiction's most recognizable warnings: Skynet. OpenAI said one of its advanced models escaped its sandboxed testing environment, reached the open internet, and broke into another AI company's servers — a real-world episode that quickly picked up the nickname Skynet Day. ### What happened? OpenAI said one of its advanced systems was involved in an "unprecedented cyber incident." As [Fortune](https://fortune.com/2026/07/26/james-cameron-terminator-skynet-day-openai-ai-agent-hack-hugging-face/) reported, the model got outside its test environment and then used stolen credentials to access Hugging Face, a major p

[ ](https://profiles.yahoo.com/brands/reuters/) Reuters Wed, 29 July 2026 at 2:34 am UTC Meta CEO Mark Zuckerberg attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idah

Dr. Sai Balasubramanian, M.D., J.D., Contributor Tue, 28 July 2026 at 8:00 pm GMT-7 3 min read [](https://s.yimg.com/lo/mysterio/api/962417D13DE9194891BA8661FC62A4F3A604F12B39A474CCA407A39CFAA244F5/subgraphmysterio/resizefit_w960;quality_80;format_webp/https:%2F%2Fmedia.zenfs.com%2Fen%2Fforbes_contributor_845%2F08024d14dc4c5a330d04902b8d4ea5c2) As the reliance on technology increases, healthcare leaders need to invest heavi

Photo credit: Tech in Asia Earlier this year, we made a point of being painfully honest. We shared how our [US$3,000 search ad campaign](https://www.techinasia.com/spent-3000-ads-vanity-metrics-fooled) yielded no meaningful leads. We wrote about how our [US$1,600 AI outbound experiment](https://www.techinasia.com/ai-outbound-efforts-were-a-black-box) became a black box that generated zero revenue. We fell into the classic trap of running isolated pilots – aimed to automate mundane processes or exponentially impact growth – and only achieved vanity metrics. Looking at the wider enterprise landscape, we aren’t the only ones bleeding money in pursuit of what we thought was greatness. In February, McKinsey & Company and the Singapore Economic Development Board (EDB) published the [AI in Southe

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[Search](https://www.businesstimes.com.sg/search) [](https://www.businesstimes.com.sg/global?ref=logo "The Business Times")  / Sign up for free [Subscribe](https://subscribe.sph.com.sg/btpe-mthlyprepaid/?utm_campaign=btp99&utm_medium=sph-publication&utm_source=bt&utm_content=subscribebutton-header) # AirTrunk gets US$2.3 billion green loan for Johor data centre Global coordinators that led the financing include Credit Agricole, DBS, HSBC, Sumitomo Mitsui Banking and UOB [Summarise](https://www.businesstimes.com.sg/pulse/article/9437075?ref=pulse-article-top) ![Image 3: share icon](blob:http://localhost/2a2

[Dyna.Ai](https://dyna.ai/), a Singapore AI-as-a-Service firm that builds agentic AI for enterprises, said it closed an undisclosed eight-figure US$ series A led by Lion X Ventures – a Singapore-based VC advised by OCBC Bank’s Mezzanine Capital Unit. Participants included Taiwan-listed technology company ADATA, an undisclosed Korean financial institution, and a group of finance veterans with decades of industry experience, the company said. The company said it will use the funding to accelerate deployment of its agentic AI solutions to move enterprises from pilots to operational systems that deliver measurable business outcomes. Dyna.Ai said its Results-as-a-Service model and agentic applications are deployed with banks and other financial institutions across Asia, the Americas, and the Mi

Shubhangi Goel Tue, 28 July 2026 at 9:18 pm GMT-7 3 min read * Tony Xu says AI only partly helps DoorDash engineers. * Xu said he wants to see AI integration across all departments, not just engineering. * AI has boosted DoorDash's productivity, with two-thirds of code now generated by models. Vibe coding is just one small part of the engineering puzzle, says [DoorDash's CEO](https://www.businessinsider.com/doordash-ceo-tony-xu-ai-helping-engineers-workforce-priority-customers-2026-5?utm_medium=referral&utm_source=yahoocom&utm_medium=syndication&utm_source=yahoo). "Only certain parts of a software engineer's day are writing code, and it's great that we have models today to write the code for us," [Tony Xu](https://www.businessinsider.com/doordash-ceo-gets-hundreds-of-emails-on-how-the-comp

Sometimes, you have to dig beyond the headlines to get a better idea of how a company is performing. Endowus’ latest audited financial results are a good example of this. [Gregory Van](https://www.linkedin.com/in/gregory-van/?originalSubdomain=hk), the co-founder and CEO of the Singapore-based wealthtech firm, told _Tech in Asia_ last year that it had a [“clear path to profitability”](https://www.techinasia.com/endowus-doubles-revenue-2022-losses-rose-26m) by 2025. On its face, the results suggest that the firm has its work cut out for it to hit this milestone. Endowus co-founders Samuel Rhee (left) and Gregory Van / Photo credit: Endowus In 2023, Endowus’ total losses before tax widened to S$30.6 million (US$23.7 million) – a 14% jump from last year. This came even as its revenue grew by

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Eager to give retail customers more control over their finances and investments, DBS has turned to a hybrid approach of combining digital intelligence and human guidance. Since 2020, the bank has been sending out AI-powered nudges via its digibank platform and deploying wealth planning managers (WPMs) to provide personalized financial advisory and solutions. This mix of physical and digital engagement – dubbed “phygital” – is “improving (our) customers’ personal finances,” says Calvin Ong, head of consumer banking group at DBS Singapore. “While volatility may be here to stay, what remains constant is DBS’ commitment to providing customers with the right advice to help them stay financially resilient, navigate evolving macroeconomic conditions and remain invested through market cycles,” say

More than 1,000 employees from leading AI companies signed a petition on Tuesday urging the US government to take steps to "deliberately pace" the development of artificial intelligence. Among the signatories were the Anthropic CEO, the head of research at OpenAI, the strategic lead of Google's AI subsidiary DeepMind and the chief scientist at Meta AI. The [petition](https://www.pacingthefrontier.com/) requests "that the US government support an international effort to develop the technical and governance tools needed to deliberately pace the frontier of automated AI development." "The world's leading AI companies believe they could be close to automating AI research. It is hard to predict exactly how much this will accelerate AI progress, but there is a real risk that capability developme

Specialist webcam and PTZ maker [Obsbot](https://www.obsbot.com/obsbot-meet-flip-foldable-4k-webcam) has announced a new and foldable 4K webcam with AI built in. The Obsbot Meet Flip has a 0.5-inch stacked CMOS sensor, four-mode intelligent audio and AI-powered meeting intelligent features, along with hardware-based privacy. The webcam is incredibly compact, making it suitable for use on laptops and portable displays. Obsbot's Meet Flip is its first foldable webcam. It features a 0.5-inch Sony Exmor RS stacked CMOS sensor powered by Obsbot's proprietary AI algorithms. This delivers high image quality, audio intelligence and advanced AI features. "Meet Flip represents our vision of what the modern daily meeting webcam should be," says Liu Bo, Obsbot's CEO. "We believe privacy shouldn't be s

_This article is a part of_[_Startup Spotlight_](https://www.techinasia.com/tag/startup-spotlight)_, a series that features young, up-and-coming startups._ Image credit: Timmy Loen As entrepreneurs, the founders of [FindTalent.ph](http://findtalent.ph/) spent countless hours sifting through freelance marketplaces to hire remote workers. They struggled to identify qualified candidates in a slow and inconsistent process. Discovering a highly skilled pool of Filipino professionals, they built a platform combining AI and human screening to simplify global hiring. ## **😟 Problem** Small and medium-sized businesses lack dedicated recruiters to navigate the remote hiring landscape. Existing platforms offer unverified candidates, forcing employers to waste time screening applicants without guarant

Singapore Management University (SMU) has completed a university-wide overhaul of its enterprise systems by migrating to [RISE with SAP](https://www.sap.com/sea/products/erp/rise.html), reporting early gains in employee adoption and process efficiency since going live in January 2026. The migration, delivered with implementation partner ABeam Consulting Singapore, brought together SAP Cloud ERP, SAP SuccessFactors, SAP Ariba, SAP Concur and several other cloud modules under a single digital foundation spanning finance, HR, procurement and travel. The move forms part of SMU’s SMU2030 Strategic Plan to simplify workflows and unify data across administrative and academic functions. ## Early adoption and procurement gains SMU reports 83% active adoption of SAP SuccessFactors and close to 3,900

Trending: ###### [Singapore Polytechnic Supports Responsible Industrial AI Adoption](https://opengovasia.com/singapore-polytechnic-supports-responsible-industrial-ai-adoption/?c=us) ###### [Malaysia: MDEC Backs AI Nation Strategy Under MD2030](https://opengovasia.com/malaysia-mdec-backs-ai-nation-strategy-under-md2030/?c=us) ###### [Singapore: AI Governance and Digital Resilience in the Financial Sector](https://opengovasia.com/singapore-ai-governance-and-digital-resilience-in-the-financial-sector/?c=us) ###### [Hong Kong: Research Funding to Advance AI, Health and Sustainability](https://opengovasia.com/hong-kong-research-council-expands-support-for-strategic-research/?c=us) ###### [New Zealand: Long-Range Drones to Empower Smart Defence](https://opengovasia.com/new-zealand-begins-procure

[Vertiv](https://www.vertiv.com/en-asia/) convened more than 300 channel and distribution partners from across Asia at its 10th annual Asia Partner Summit, held under the theme “Metamorph” at The Westin Desaru Coast in Johor, Malaysia. The four-day conference focused on equipping partners to capture opportunities from AI, high-performance computing (HPC), edge computing and data infrastructure modernisation across the region. Sessions covered sovereign and enterprise AI deployments, liquid cooling technologies, integrated modular solutions and next-generation power and thermal management systems, reflecting the rising power and cooling demands of compute-intensive AI workloads. > “Metamorph is more than a summit theme – it reflects how our industry must evolve with purpose as AI and high-p

[ ](https://profiles.yahoo.com/brands/reuters/) By Courtney Rozen Wed, 29 July 2026 at 6:44 pm UTC 1 min read By Courtney Rozen WASHINGTON, July 29 (Reuters) - OpenAI CEO Sam Altman on Wednesday said he is meeting with ‌U.S. senators

The rogue version of [ChatGPT](https://www.independent.co.uk/topic/chatgpt) that broke free from its creators [OpenAI](https://www.independent.co.uk/topic/openai) also tried to hack other companies, a breakdown of the [cyber attack](https://www.independent.co.uk/topic/cyber-attack) has revealed. Earlier this month, [AI](https://www.independent.co.uk/topic/ai) platform Hugging Face revealed that it had been hit by a cyber attack that appeared to have been launched and carried out entirely by an artificial intelligence system. Shortly after, OpenAI revealed that one of its models was behind the attack. OpenAI said that it was testing a system in a safe environment, aimed at establishing how good it was for cyber security purposes. But the experimental AI broke free of those restrictions, con

Chipmaker Qualcomm ([QCOM](https://finance.yahoo.com/quote/QCOM/)) will report its third quarter earnings on Wednesday, giving investors a closer look at the impact the global memory shortage is having on smartphone sales and the status of the company's upcoming data center segment. Qualcomm is working to diversify its business to reduce its dependence on its handset business, which has slowed over the years, as customers hold on to their phones for longer before upgrading. And with smartphone makers increasing prices to offset the rising cost of memory and storage chips caused by the global AI build-out, the handset market is looking rough. "The smartphone industry is not great," Bernstein analyst Stacy Rasgon told Yahoo Finance's Julie Hyman on Wednesday. "Memory prices are going up, and

Charles Rollet Wed, 29 July 2026 at 4:52 pm GMT-7 3 min read * Meta's stock is tumbling as its AI bets wipe out most of its free cash flow. * One analyst said its latest AI rollouts feel like "throwing spaghetti on the wall." * Meta says its AI investments are accelerating its core business, and there's much more to come. Meta's AI strategy is, once again, worrying investors. The social media giant's stock [tumbled 10% on Wednesday](https://www.businessinsider.com/meta-q2-earnings-report-ai-capex-spending-stock-2026-7?utm_medium=referral&utm_source=yahoocom&utm_medium=syndication&utm_source=yahoo) after it disclosed that its capital expenditure growth far outpaced revenue growth. Meta has a core problem: much of this spending doesn't yet have a financial return. About 98% of Meta's revenue

Meta shares plunged on Wednesday as investors balked at its promise to keep spending on artificial intelligence (AI) projects while profits dwindle. Shares in the firm behind Instagram and Facebook fell 11% after its results for the quarter from April to June showed revenue grew 28% from a year ago to $61bn (£45.6bn), while profits fell 14% to $6bn. Meta said it would spend $130bn to $145bn this year, mostly on AI projects, up from the $125bn it said it planned to spend just three months ago. Chief executive Mark Zuckerberg said the company's AI spending was "accelerating every part of our core business" and that it planned to start selling the technology to other businesses. Susan Li, Meta's chief financial officer, told financial analysts that selling its tech to other companies would he

* Tim Cook's final earnings call as Apple CEO will come on Thursday. * The company is the top Mag 7 stock, briefly overtaking Nvidia as the largest company in the world this week. * Analysts will be watching for updates on Apple's AI strategy and iPhone pricing in light of the memory crunch. [Tim Cook](https://www.businessinsider.com/tim-cook-daily-routine-schedule-apple-ceo?utm_medium=referral&utm_source=yahoocom&utm_medium=syndication&utm_source=yahoo) will preside over the last earnings call as Apple's CEO on Thursday, and he'll be heading out on top, with the stock surging in 2026 and jockeying for position [as the largest company in the world](https://www.businessinsider.com/nvidia-stock-apple-market-cap-most-valuable-company-tech-selloff-2026-7?utm_medium=referral&utm_source=yahoocom

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Hackers have obtained about 607,000 records in a cyber-attack on the Department for Education (DfE) in England. The data taken includes telephone numbers and email addresses relating to individuals and organisations but does not include bank details or other sensitive information. The DfE confirmed the incident and said it is working closely with the National Cyber Security Centre and the National Crime Agency (NCA). The data protection risk to individuals is not considered high and it is understood the attack was contained quickly. The Turing Scheme portal - a programme providing funding for international education - and the DfE online help desk have both been affected, but are expected to be operating normally later this week. The DfE has referred itself to the Information Commissioner's

John Tamny, Contributor Wed, 29 July 2026 at 9:30 am GMT-7 3 min read [](https://s.yimg.com/lo/mysterio/api/AC2F2D35B12D939F4F73044FF09964E9DD2100D37A1D56F5D2778C146B2AC4EE/subgraphmysterio/resizefit_w960;quality_80;format_webp/https:%2F%2Fmedia.zenfs.com%2Fen%2Fforbes_contributor_845%2Fc05fa68acf890f52965c2b0cf898dfb3) SAN FRANCISCO, CALIFORNIA - SEPTEMBER 04: Anthropic Co-founder and CEO Dario Amodei speaks at the "How AI Will Transform Business in the Next 18 Months" panel during INBOUND 2025 Powered by HubSpot at Moscone Center on September 04, 2025 in San Francisco, California. (Photo by Chance Yeh/Getty Images for HubSpot)Getty Images for HubSpot In business, everyone's spying on everyo

Update on In The Race To Adopt AI Leaders Need To See The Bigger Picture. Coverage via Yahoo Singapore Tech.

[Google](https://google.com/) is bringing Gemini Spark, a background AI agent designed to run ongoing tasks without direct supervision, to Google AI Pro and Ultra subscribers in Singapore over the coming weeks. Spark operates continuously in the background — including when a laptop is closed or a phone is locked — to manage complex, time-consuming tasks under a user’s direction. Powered by Gemini 3.6 Flash, it runs on Google’s cloud infrastructure and connects natively to Google Workspace tools such as Gmail, Docs and Sheets without additional setup, and is available in English and local languages. ## From reactive assistant to active agent Google positions Spark as a shift from AI that simply answers questions to an agent that completes work independently, even while a user is asleep. Exa

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_This article summarizes_ _[an episode of Invest Like The Best’s video series](https://www.youtube.com/watch?v=XDB5beon4DY)_ _featuring Sam Altman, CEO of OpenAI._ The competition to make AI more affordable and powerful is turning into a battle over who controls access to this technology. [OpenAI](https://openai.com/) CEO Sam Altman sees AI as foundational infrastructure that should be available across the economy. He argues that while safety rules are important, large companies can misuse these regulations to restrict access to advanced AI systems. This balance between open access and safety shapes OpenAI’s broader strategy. ## OpenAI provides AI as a basic service OpenAI wants to treat AI as a foundation for practical work rather than a standalone product. The main challenge is ensuring

TSMC’s share of the global pure-play wafer foundry market reached 70.2% in Q2 2025, according to TrendForce. The Taiwan-based chipmaker posted US$30.2 billion in sales for the quarter, up 18.5% from Q1, driven by demand for AI and new smartphones. Samsung Foundry held second place with a 7.3% share and US$3.2 billion in sales, while China’s SMIC ranked third at 5.1% and US$2.2 billion. Other leading companies included United Microelectronics (4.4%), GlobalFoundries (3.9%), and Huahong Group (2.5%). The top 10 contract chipmakers made up 97% of global foundry revenue in Q2, with total sales rising 14.6% quarter-on-quarter to US$41.7 billion. TrendForce expects foundry sales to continue rising in Q3 as seasonal demand increases. _🔗 Source: [Focus Taiwan](https://focustaiwan.tw/business/20250

[ ](https://profiles.yahoo.com/brands/reuters/) Reuters Wed, 29 July 2026 at 9:32 am UTC 1 min read The logo of Germany's Federal Financial Supervisory Authority BaFin (Bundesanstalt fuer Finanzdienstleistungsaufsicht) is pictured out

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[Infoblox](https://www.infoblox.com/) has entered the external attack surface management (EASM) market with a DNS-native offering, alongside a new Supply Chain Intelligence capability, as it looks to help organisations get ahead of attackers using AI to compress the time between finding a vulnerability and exploiting it. The launch responds to what Infoblox calls a time-compression problem: reconnaissance, vulnerability identification and exploit creation that once took attackers weeks can now take hours or minutes with frontier AI tools. The new External Attack Surface Management capability discovers internet-facing assets without software installation, credentialed access or active scanning, and prioritises exposures based on exploitability and business impact, including DNS hygiene issu

Simon Jack - Business editor Wed, 29 July 2026 at 6:49 am GMT-7 3 min read Sharp falls in the value of chip makers have stoked investor concerns that the euphoria around AI related companies is fading. Shares in Korean chip makers SK Hynix and Samsung are down 46% and 35% respectively over the last month as investors worry the recent boom in demand for the chips that power AI is unsustainable. The South Korean stock market is notoriously volatile, but concerns have spilled over into the big US companies with Micron and Intel which have seen falls of 28% and 35% since last month. "The AI bubble hasn't burst but it's letting out air," leading tech investor Eileen Burbidge told the BBC, as a number of factors in different parts of the AI ecosystem are darkening the mood. ## China Breakthrough

The idea of rogue AI belonged in science fiction and cybersecurity tabletop exercises. It became a real-world concern for enterprise leaders when an AI model reportedly escaped a test environment and hacked another company's systems without human instruction. Whether it proves to be an isolated incident or the first glimpse of a broader trend, it changes the conversation. AI risk is no longer limited to hallucinations, bias, or data privacy. The possibility of autonomous, unintended behavior has moved from hypothetical to operational, demanding a new level of governance, oversight, and security. Enterprise risk management has spent the last few years asking whether an AI vendor is secure. That question is now obsolete. The question is whether the vendor's AI is capable of acting against yo

Singapore Polytechnic (SP) will support companies in adopting Industrial AI more safely and responsibly as the founding training partner for AutomationSG’s Trusted Industrial AI-Ready (TIA-Ready) Framework, Singapore’s first industry-owned Industrial AI readiness framework. The framework, benchmarked against ISO/IEC 42001, gives companies a practical pathway to assess AI risks, put governance in place and build trusted capabilities for AI used in industrial automation, robotics, manufacturing and operational technology. It was announced at the third annual Automation SolutionGO! x Regional Industry Networking Conference (RINC) 2026, co-organised by SP and AutomationSG at the SP Convention Centre, with Guest-of-Honour Alvin Tan, Minister of State for Foreign Affairs and National Development

Hackers have stolen more than half a million records from the [Department for Education (DfE)](https://www.telegraph.co.uk/department-for-education/) in a major cyber attack. The names and email addresses of government officials, senior school leaders and university staff were among the records taken and published on the dark web last week. The hack, first reported by [The Times](https://www.thetimes.com/uk/technology-uk/article/headteachers-in-major-dfe-hacking-breach-mrphvtl9s), is said to have targeted the department's help desk, which manages requests from school leaders and local authorities, and the Turing Scheme, which is a database used by education institutes to track and manage British students studying abroad. A cybercriminal group called ExfilSquad has claimed responsibility fo

Chipmaker Qualcomm ([QCOM](https://finance.yahoo.com/quote/QCOM/)) will report its third quarter earnings on Wednesday, giving investors a closer look at the impact the global memory shortage is having on smartphone sales and the status of the company's upcoming data center segment. Qualcomm is working to diversify its business to reduce its dependence on its handset business, which has slowed over the years, as customers hold on to their phones for longer before upgrading. And with smartphone makers increasing prices to offset the rising cost of memory and storage chips caused by the global AI build-out, the handset market is looking rough. "The smartphone industry is not great," Bernstein analyst Stacy Rasgon told Yahoo Finance's Julie Hyman on Wednesday. "Memory prices are going up, and

John Tamny, Contributor Wed, 29 July 2026 at 9:30 am GMT-7 3 min read [](https://s.yimg.com/lo/mysterio/api/AC2F2D35B12D939F4F73044FF09964E9DD2100D37A1D56F5D2778C146B2AC4EE/subgraphmysterio/resizefit_w960;quality_80;format_webp/https:%2F%2Fmedia.zenfs.com%2Fen%2Fforbes_contributor_845%2Fc05fa68acf890f52965c2b0cf898dfb3) SAN FRANCISCO, CALIFORNIA - SEPTEMBER 04: Anthropic Co-founder and CEO Dario Amodei speaks at the "How AI Will Transform Business in the Next 18 Months" panel during INBOUND 2025 Powered by HubSpot at Moscone Center on September 04, 2025 in San Francisco, California. (Photo by Chance Yeh/Getty Images for HubSpot)Getty Images for HubSpot In business, everyone's spying on everyo

Update on In The Race To Adopt AI Leaders Need To See The Bigger Picture. Coverage via Yahoo Singapore Tech.

The rogue version of [ChatGPT](https://www.independent.co.uk/topic/chatgpt) that broke free from its creators [OpenAI](https://www.independent.co.uk/topic/openai) also tried to hack other companies, a breakdown of the [cyber attack](https://www.independent.co.uk/topic/cyber-attack) has revealed. Earlier this month, [AI](https://www.independent.co.uk/topic/ai) platform Hugging Face revealed that it had been hit by a cyber attack that appeared to have been launched and carried out entirely by an artificial intelligence system. Shortly after, OpenAI revealed that one of its models was behind the attack. OpenAI said that it was testing a system in a safe environment, aimed at establishing how good it was for cyber security purposes. But the experimental AI broke free of those restrictions, con

Hackers have obtained about 607,000 records in a cyber-attack on the Department for Education (DfE) in England. The data taken includes telephone numbers and email addresses relating to individuals and organisations but does not include bank details or other sensitive information. The DfE confirmed the incident and said it is working closely with the National Cyber Security Centre and the National Crime Agency (NCA). The data protection risk to individuals is not considered high and it is understood the attack was contained quickly. The Turing Scheme portal - a programme providing funding for international education - and the DfE online help desk have both been affected, but are expected to be operating normally later this week. The DfE has referred itself to the Information Commissioner's

[Vertiv](https://www.vertiv.com/en-asia/) convened more than 300 channel and distribution partners from across Asia at its 10th annual Asia Partner Summit, held under the theme “Metamorph” at The Westin Desaru Coast in Johor, Malaysia. The four-day conference focused on equipping partners to capture opportunities from AI, high-performance computing (HPC), edge computing and data infrastructure modernisation across the region. Sessions covered sovereign and enterprise AI deployments, liquid cooling technologies, integrated modular solutions and next-generation power and thermal management systems, reflecting the rising power and cooling demands of compute-intensive AI workloads. > “Metamorph is more than a summit theme – it reflects how our industry must evolve with purpose as AI and high-p

[ ](https://profiles.yahoo.com/brands/reuters/) By Courtney Rozen Wed, 29 July 2026 at 6:44 pm UTC 1 min read By Courtney Rozen WASHINGTON, July 29 (Reuters) - OpenAI CEO Sam Altman on Wednesday said he is meeting with ‌U.S. senators

* Tim Cook's final earnings call as Apple CEO will come on Thursday. * The company is the top Mag 7 stock, briefly overtaking Nvidia as the largest company in the world this week. * Analysts will be watching for updates on Apple's AI strategy and iPhone pricing in light of the memory crunch. [Tim Cook](https://www.businessinsider.com/tim-cook-daily-routine-schedule-apple-ceo?utm_medium=referral&utm_source=yahoocom&utm_medium=syndication&utm_source=yahoo) will preside over the last earnings call as Apple's CEO on Thursday, and he'll be heading out on top, with the stock surging in 2026 and jockeying for position [as the largest company in the world](https://www.businessinsider.com/nvidia-stock-apple-market-cap-most-valuable-company-tech-selloff-2026-7?utm_medium=referral&utm_source=yahoocom

Trending: ###### [Singapore Polytechnic Supports Responsible Industrial AI Adoption](https://opengovasia.com/singapore-polytechnic-supports-responsible-industrial-ai-adoption/?c=us) ###### [Malaysia: MDEC Backs AI Nation Strategy Under MD2030](https://opengovasia.com/malaysia-mdec-backs-ai-nation-strategy-under-md2030/?c=us) ###### [Singapore: AI Governance and Digital Resilience in the Financial Sector](https://opengovasia.com/singapore-ai-governance-and-digital-resilience-in-the-financial-sector/?c=us) ###### [Hong Kong: Research Funding to Advance AI, Health and Sustainability](https://opengovasia.com/hong-kong-research-council-expands-support-for-strategic-research/?c=us) ###### [New Zealand: Long-Range Drones to Empower Smart Defence](https://opengovasia.com/new-zealand-begins-procure

Meta shares plunged on Wednesday as investors balked at its promise to keep spending on artificial intelligence (AI) projects while profits dwindle. Shares in the firm behind Instagram and Facebook fell 11% after its results for the quarter from April to June showed revenue grew 28% from a year ago to $61bn (£45.6bn), while profits fell 14% to $6bn. Meta said it would spend $130bn to $145bn this year, mostly on AI projects, up from the $125bn it said it planned to spend just three months ago. Chief executive Mark Zuckerberg said the company's AI spending was "accelerating every part of our core business" and that it planned to start selling the technology to other businesses. Susan Li, Meta's chief financial officer, told financial analysts that selling its tech to other companies would he

Singapore Management University (SMU) has completed a university-wide overhaul of its enterprise systems by migrating to [RISE with SAP](https://www.sap.com/sea/products/erp/rise.html), reporting early gains in employee adoption and process efficiency since going live in January 2026. The migration, delivered with implementation partner ABeam Consulting Singapore, brought together SAP Cloud ERP, SAP SuccessFactors, SAP Ariba, SAP Concur and several other cloud modules under a single digital foundation spanning finance, HR, procurement and travel. The move forms part of SMU’s SMU2030 Strategic Plan to simplify workflows and unify data across administrative and academic functions. ## Early adoption and procurement gains SMU reports 83% active adoption of SAP SuccessFactors and close to 3,900

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