Chinese internet giant forks out US$1.78 billion for a 5 percent stake in Tesla, days after the electric car maker says it is looking to raise funds to scale its business and bring its Model 3 to market.
Only 49 percent of IT and business leaders in Singapore believe their company is actively seeking to disruption the competition by digitising their business, the lowest among eight markets surveyed in Telstra study.
weekly roundup Speaking at IDA's Distinguished Speaker series in Singapore this week, Microsoft CEO Steve Ballmer spoke at length about innovating to stay competitive, which was hardly a surprise.Innovation as the new mantra has been frequently repeated at industry events, including last week's Asia-Pacific healthcare IT conference held in the island-state.
Advanced technological infrastructure and favourable immigration laws are amongst key factors that helped propel Singapore to pole position this year as the world's most competitive economy, displacing the US economy, which was dragged down by weaker hi-tech exports.
Increased emphasis on building a cashless society to reflect country's success as a smart nation is misplaced, when the importance of getting the fundamentals right is overlooked.
Greenwave Systems launches research and development center focusing on Internet of Things technology, and plans to expand its headcount in the country by 50 percent.
Half of Asia-Pacific respondents will buy or use a driverless car when available, but lack of safety standards and being targeted by hackers are top concerns, reveals survey.
Amid its golden jubilee celebrations, the country must figure out how it can remain ahead in the tech industry as its Asian counterparts inches closer.
The Singapore government wants to trial self-driving public transport in 2016, but with maintenance oversight the cause of a system malfunction earlier this year, it will need to get the basics right before seeking public trust in its use of advanced technology.
With public trials already running in the country, the Singapore government is looking to update local laws to better safeguard commuters in driverless and ride-sharing vehicles.