Singapore to invest over S$6m to train international aviation, maritime officials
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Independent Singapore
2 hours ago
- Independent Singapore
Perplexity AI's value jumps to US$18B after fresh US$100M funding
Photo: LinkedIn/Perplexity AI INTERNATIONAL: Perplexity AI, the artificial intelligence-powered search engine startup taking on Google, has raised another US$100 million in fresh funding, pushing its valuation up to US$18 billion (S$23 billion). The Edge Singapore reported, citing a person familiar with the matter, that the fresh funding is an extension of a previous funding round from earlier this year, which valued the company at US$14 billion. Perplexity declined to comment on the funding. Some details of the deal were earlier reported by the Financial Times. Perplexity, founded in 2022, has quickly become one of the leading names in generative AI. Its valuation jumped from US$1 billion to US$3 billion last year and then tripled again just months later. In March, Bloomberg News reported that the startup aimed to raise up to US$1 billion at a valuation of US$18 billion but later settled for a smaller investment at US$14 billion. With this latest funding, it's now back at its original valuation target. /TISG Read also: Nvidia CEO to sell more advanced chips to China after H20 ban, warns of 'tremendous loss' for firms in potential US$50B AI market () => { const trigger = if ('IntersectionObserver' in window && trigger) { const observer = new IntersectionObserver((entries, observer) => { => { if ( { lazyLoader(); // You should define lazyLoader() elsewhere or inline here // Run once } }); }, { rootMargin: '800px', threshold: 0.1 }); } else { // Fallback setTimeout(lazyLoader, 3000); } });
CNA
6 hours ago
- CNA
Chinese automakers should pursue 'rational competition' in EV industry, official says
BEIJING :Major automakers should push for "rational competition" in the electric vehicle industry, a senior Chinese official said on Thursday (Jul 17), according to a statement from the industry ministry published on Friday. The comments from Che Jun, head of a Communist Party central leading group, came a day after China's cabinet pledged to regulate what it called "irrational" competition in the EV market and vowed to strengthen price-monitoring. Che Jun spoke at a meeting attended by officials from the industry ministry and representatives from automakers BYD and BAIC Group. Authorities in China have urged companies to stop excessive competition in the auto industry and in more recent regulatory comments, described such competition as "irrational." On Friday, China's industry ministry, market regulator and state planner jointly held a separate meeting on the EV industry's development with representatives from 17 key auto enterprises, automobile industry association and local officials.
CNA
6 hours ago
- CNA
Japan finance minister aware of market concerns about fiscal health
Japanese Finance Minister Katsunobu Kato said on Friday he was aware of bond market concerns about the country's fiscal policy ahead, in the build-up to an upper house election where the minority government is poised for another setback. Japanese government bonds plunged this week, sending yields on 30-year debt to an all-time high, after polls showed Prime Minister Shigeru Ishiba's coalition was in danger of losing its majority in the upper house vote on Sunday. "I'm aware of bond market views that the recent market movements reflect various concerns about fiscal policy ahead," Kato said, speaking to reporters after the meeting of finance leaders from the Group of 20 major economies in South Africa. "We'll carefully respond to those market voices, carry out appropriate debt management and work to improve fiscal health to maintain market confidence," Kato said.
