Fidelity’s VC arm betting on China's big data revolution

More firms are building data centres across SEA as demand for compute rises, but risks are lurking for investors.

The banking group has large back-office centres in India, China, Malaysia and Poland; over 7,800 such roles could be impacted. The bank has also increased its profit targets for 2030 and confirmed group CFO and COO appointments.

Following an agreement in San Francisco, the Korean and US firms will collaborate across memory and foundry technologies, supporting the next generation of AI infrastructure as the semiconductor ecosystem becomes more sophisticated.

SoftBank has said it will spend $3bn annually to deploy customised AI across its group of companies; the JV, known as SB OpenAI Japan, will sell to Japanese firms.

Helical Fusion and Celaid Therapeutics have raised JPY3.23bn and JPY400m, respectively, as Japanese capital targets research-intensive startups.

The University of Hong Kong and Gobi Partners want to transform financing for tech startups in the Special Administrative Region.