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Pardoo Wagyu found Bruce Cheung.

Department store heir to outback cattleman: Inside Bruce Cheung’s US$130m wagyu gamble

When he was nearing 60, Bruce Cheung started a journey of self-discovery that took him along half of Australia’s coast

From left: BeeX co-founders Goh Eng Wei and Grace Chia. The startup has deployed its drones across the Asia-Pacific and Europe.

Drone startup BeeX raises US$7.7 million Series A round from Monk’s Hill Ventures, Seeds Capital

It will be used to expand BeeX’s fleet of autonomous underwater drones and its operational reach

OpenAI has filed confidentially for an IPO with the US Securities and Exchange Commission, according to a statement Jun 9.

Startups & Tech

OpenAI leans towards waiting until 2027 for IPO, NYT reports

The ChatGPT maker and rival Anthropic PBC have been racing to make their Wall Street debuts as soon as this year

DeepSeek’s fundraising may enable the company to become even more aggressive in marketing its AI services globally.

China’s DeepSeek plans to double staff across all departments

The announcement comes as the startup is in the final stages of raising about 50 billion yuan

Airwallex’s Apac general manager Arnold Chan says that the company is not constrained by arbitrary timelines, and will list when the factors are right.

Airwallex raises US$320 million Series H round, aims to be IPO-ready this year

It previously raised a US$330 million Series G funding round in December 2025 at a US$8 billion valuation

Anthropic and OpenAI have each warned that Chinese AI startups have employed distillation to develop their own models.

Telcos, Media & Tech

Anthropic accuses Alibaba of ‘illicitly’ accessing AI models

The AI startup’s calls for additional government support in countering what it sees as unfair practices by Chinese rivals

A six-month lock-up from Zhipu's IPO expires on Jul 8.

Zhipu said to weigh multibillion-dollar share sale in Hong Kong after 2,000% gain

The company has said that it also aims to issue shares in Shanghai

ChatGPT was the top AI platform among startups with 2,377 unique paying clients in FY2026 – a 31% increase from the number in FY2024.

Singapore startups double down on AI usage, running multiple platforms: Aspire report

Such companies are also building a distributed workforce, with hiring from outside of the Republic growing

Visa’s payment services will be integrated into OpenAI’s platform so online retailers can accept agent-driven transactions.

Banking & Finance

OpenAI, Visa team up to let AI agents make purchases online

ChatGPT is the best-known artificial intelligence platform among consumers

PhysicsX CEO Jacomo Corbo said that revenue will be “close to US$50 million” for the year and the company aims to more than double the figure in 2027.

Temasek-backed startup PhysicsX hits US$2.4 billion valuation to provide AI for manufacturing

The startup needs more cash to expand its staff in part because of a roughly six-month backlog of customer demand

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