GIC stories
Investor demand for private AI software remains strong as Databricks hits a USD $7 billion revenue run-rate and a USD $190 billion valuation.
The fresh cash lifts Supabase's valuation to USD $10.5 billion as AI-driven demand for its database platform continues to surge.
Law firms can now automate more routine work as the platform adds off-the-shelf tools and customisation for specialist legal workflows.
A shortage of AI implementation talent is pushing mid-sized companies to seek help embedding Claude into operations, as Anthropic and backers launch a new venture.
The legal AI company now counts more than 100,000 lawyers as users after the fresh round lifted its valuation to USD $11 billion.
Sentinel Global rebuilds its AI-driven venture team around GIC veteran Jeremy Kranz and expands Sentinel Labs, targeting a 2026 fundraise.
Anthropic raises USD $30bn in new backing, lifting the AI group's valuation to USD $380bn as demand for its Claude models surges.
Databricks secures over USD $4bn in fresh funding, lifting its valuation to USD $134bn as demand for AI data infrastructure surges.
Coda unveils a unified leadership team and reshaped board as it fully integrates Recharge into a single global digital commerce platform.
Databricks secures USD $10 billion in Series J funding, valuing the data and AI firm at USD $62 billion, as it plans major global expansions.
Cribl secures USD $319 million in Series E funding, valuing the company at USD $3.5 billion, with Google Ventures leading the round and joining the board.
Symantec is selling the Veritas information management business for US$8 billion in cash to a group of investors lead by Carlyle Group.
AI tools will be woven into Baker Tilly's advisory, tax and assurance work as firms race to boost efficiency without losing professional judgement.
Canadian savers get a new 2.50% fee-free account as Haventree moves beyond brokered mortgages into retail deposits.
Hong Kong's Whampoa Group has appointed Jeffrey Ma and Peter Huo as co-CIOs for its new digital asset investment arm, Whampoa Digital.
New Zealand’s office, retail and industrial markets are expected to mirror Australia as Omicron peaks and border openings reshape demand.
An IDC report suggests the Cloud IT infrastructure market in the country could reach US$1.86 billion in sales by 2025.
Offshore demand is lifting Auckland CBD prices, with three major commercial deals to overseas buyers completed in a month.
GIC, the Singaporean investment fund, has entered a joint venture with Scentre Group, the trans-Tasman Westfield mall owner and operator, paying $1.
Goodman Property Trust, the country's largest listed property investor by market capitalisation, has entered into a joint venture with Singapore's.
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