Analysis
This week, Grab put $1.49b behind its ambition to become more than a ride-hailing company.
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Editor’s Take: The Week That Was—Sept 14-19
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SG cleaning robot maker LionsBot's losses widen in 2025 despite higher revenue
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OpenAI sees nearly $280b cash burn by 2030
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Anthropic looking to launch new AI model ahead of IPO
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Chinese 'robot brain' startup eyes GPT 3.0 as soon as next year
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Ultrajaya plans $821m acquisition of Frisian Flag Indonesia
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SG cleaning robot maker LionsBot’s losses widen in 2025 despite higher revenue
India Digest: MoroMaa, Factrika, Jar raise funding
Grab in talks to join over $100m funding of unicorn lending unit
Earnings and Results
Net loss widened to S$21.25 million from S$15.8 million a year earlier.
The projection highlights OpenAI’s funding needs as it seeks fresh investment, per an FT report.
Deals
The potential launch comes at a time when Amodei has called on the global AI community to slow down.
Spirit AI’s robots have achieved a 90% success rate for simple tasks in structured living-room environments.
Greater China
The company is seeking a second listing in Hong Kong to support its overseas expansion.
Philippines
It filed its IPO application on June 27 and expects to list in the fourth quarter.
Indonesia
This confirms a DealStreetAsia report that Ultrajaya’s shareholders were in talks with FrieslandCampina.
India
Aviral Bhatnagar of AJ VC has picked 9% stake in MoroMaa as part of the investment.
Rest of Asia
The predecessor fund closed at $100 million in 2023.
