Singapore Tech News, Features & Reviews

Meta Platforms plans to raise up to USD 95 billion in its largest ever equity fundraising, as the social media group spends aggressively on AI infrastructure. The company has launched public offerings worth about USD 35 billion in common and preferred stock. It also intends a separate at the market share sale programme worth up to USD 60 billion.

Apple has acknowledged that some of its new folding phones have display problems and said it will replace the affected units, days after the iPhone Duo went on sale. The company said the faults tend to appear quickly. It did not say what causes them, and the offer covers units that show the fault rather than the model as a whole.

AI linked stocks rose after Anthropic published the paperwork for its initial public offering, against a backdrop of growing investor unease over debt funded spending on computing infrastructure. Nvidia, the world's most valuable company, added nearly 3 per cent. Microsoft and Amazon gained nearly 1 per cent each.