Asia stories

UK sovereign AI fund seeks to back startups, scale-ups and homegrown innovation as ministers aim to boost growth and strategic control.

London's Lua secures USD $5.8 million seed backing from Norrsken22 as it expands its platform for businesses to manage AI agents.

Colt trims ERP switchover downtime to 6.5 hours as cloud overhaul unifies systems across 40 countries and supports sustainability goals.

US AI megadeals push global venture capital to a record USD $330.9 billion as OpenAI, Anthropic and xAI dominate first-quarter funding.

RUCKUS and Nokia test integrated Wi-Fi 7 and optical LAN platform for enterprises, promising lower power use and simpler building network management.

Icon Solutions taps former Finastra and Visa executive Anders Olofsson to drive sales of its payments framework to major banks across EMEA and Asia.

Perpetuals.com wins exclusive Forgentiq.ai rights as it prepares an on-premises AI system for hedge funds and crypto managers.

Molex's biggest-ever acquisition adds Smiths Interconnect, boosting its reach in aerospace, defence and medical markets.

RugGear's TCCA membership signals broader push into broadband mission-critical devices for emergency services and public safety users.

Norton Rose Fulbright warns that AI agents could intensify privacy and security challenges for Asian companies as data moves across systems and borders.

Smart Communications taps Satish Shenoy as Senior Vice President to broaden global alliances and speed partner-led growth across regulated sectors.

Yubico names Poupak Modirassari Enbom as Chief Marketing Officer to help drive demand for phishing-resistant authentication amid rising AI-driven threats.

Cognita ties AI rollout to teacher training as it extends the platform after pilot showed stronger classroom gains.

LGT Wealth Management UK taps Addepar to upgrade client reporting and portfolio data for advisers handling more complex, cross-border assets.

OpenSearch adds three new members to boost global open-source search and AI infrastructure as hybrid and vector search adoption accelerates.

Contrivian launches Constellation, a single LEO satellite service unifying Starlink, Amazon Leo and others for uninterrupted connectivity.

Energy and chemicals groups target 80% autonomous operations by 2030 as AI-led automation accelerates amid costs, labour gaps and demand.

Austrian startup TACEO unveils encrypted shared network to run finance, identity and AI workloads without exposing sensitive data.

Compliance gaps are forcing firms to forfeit scarce AI talent, as most global hirers admit exposure to cross-border tax and labour risks.

UK unveils GBP £2.5bn AI and quantum package, as tech leaders hail Sovereign AI Fund as signal of long-term innovation strategy.