Startups

OpenAI CFO says annualised revenue crosses US$20 billion in 2025

For 2026, the company will prioritise “practical adoption”, particularly in health, science and enterprise, Sarah Friar says

OpenAI, the maker of ChatGPT and other AI tools, is also developing its own chip with Broadcom.

OpenAI signs US$10 billion deal with Cerebras for AI computing

The infrastructure will be built in multiple stages “through 2028”, the companies say

Atome has secured a bigger credit facility to accelerate its expansion.

Atome secures bigger US$345 million credit facility, HSBC and DBS among lenders

The new credit line will also be used to expand its Pay Later Anywhere card in Singapore, Malaysia and the Philippines

Zhejiang High-Flyer Asset Management has become a cash cow for DeepSeek founder Liang Wenfeng.

DeepSeek founder Liang’s funds surge 57% as China quants boom

High-Flyer’s strong performance could boost the cash available for the AI start-up

BrainCo, founded in 2015 by Han Bicheng, develops bionic limbs and non-invasive technologies for human brains.

‘Hangzhou Six’ tech startup BrainCo is said to file for Hong Kong IPO

The startup is working with CICC and UBS on the share sale

Analysts have projected that humanoid robots could outnumber industrial robots on the factory floor by 2034.

Asia’s AI robotics race: China leaps forward while South-east Asia finds its footing

High costs and labour trends slow the pace of robotic adoption in South-east Asia

The standalone Grok app, which operates separately from the social network, still allows users to generate pictures without subscribing.

Musk’s Grok AI blocked in Indonesia, Malaysia over sexual images

Users now need a paid subscription to generate and edit images

Torq offers what it says is an autonomous security operations platform designed from the ground up with artificial intelligence.

Security startup Torq raises cash at US$1.2 billion valuation

The company can automate repetitive work using AI agents

Joseph Simbar (left), co-founder and CEO of Mimin, says entering China is difficult due to the language barrier, cultural differences, and strict regulations.

Indonesian startups chasing growth test waters in the Gulf

Startup funding in Indonesia has been on a decline since 2021