Singapore trade agency signs MOU to bolster opportunities in India – [Press Release]
Singapore trade agency International Enterprise (IE) Singapore has signed an MOU with Confederation of Indian Industry (CI), with the aim of bolstering business partnerships and knowledge exchange between the two nations’ tech companies.
Singapore companies will be able to pilot new innovations in the CII Indian business community, as well as participate in other activities and programmes jointly organised by IE Singapore and CII.
The MOU will also help Singapore companies overcome challenges when expanding into the India.
Two of Apple’s investors Jana Partners and the California State Teachers’ Retirement (CSTR) System are calling upon Apple to help curb smartphone addiction among children.
On Saturday, Jana and CSTR delivered a letter to Apple requesting them to develop software would let parents limit their children’s smartphone usage. The investors also want Apple to study the impact of phone addiction on mental health.
Taiwanese e-commerce startup citiesocial has raised a US$2.75 million in a round led by the Alibaba Taiwan Entrepreneurs Fund.
Other participating investors included CDIB Capital as well as its previous investor Cherubic Ventures.
The company, which wants to help brands grow their market share in Asia, will use the newly-raised funding to expand its ‘launchpad’ services, which provides and avenue for brands to grow their sales channels in Asia.
Founded in 2011, citiesocial was part of a three-company investment spree from TMI in 2013. The other two companies were Driving Curve and Peeridea.
Southeast Asian ride-hailing giant Grab today announced the appointment of Ooi Huey Tyng as Managing Director for GrabPaySingapore, Malaysia, and the Philippines.
Based in Singapore, Tyng brings on board more than 25 years of experience in senior positions at global banks and leading payments providers. Prior to Grab, She was Visa’s Country Manager for Singapore and Brunei. During her time, she drove the company’s innovation and digital roadmap as well as the strategic engagement of regional banks headquartered in Singapore.
NVIDIA announces major driverless car push — [Press Release]
At CES 2018 American tech giant Nvidia announced its plans ramp up development of driverless car technology.
To that end, it is collaborating with about 320 partners on self-driving. The company is also partnering up with Volkaswagen; leading automotive supplier ZF working with Baidu, in China; ride-sharing giant Uber; and self-driving startup Aurora.
At the core of these partnerships and developments is the Nvidia’s DRIVE Xavier processor.
“[DRIVE Xavier] is an autonomous machine processor that is able to do deep learning, perception, has the ability to do parallel computing and also computer vision and high performance computing at very, very energy-efficient levels,” said NVIDIA CEO Jensen Huang.
It can deliver 30 trillion operations per second while consuming just 30 watts of power, while still being able to fit onto a board smaller than a license plate.