Earnings and Results
Net loss widened to S$21.25 million from S$15.8 million a year earlier.
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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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China's RoboTechnik to launch $800m Hong Kong listing on Sept 21
More Stories
Ultrajaya plans $821m acquisition of Frisian Flag Indonesia
SG cleaning robot maker LionsBot’s losses widen in 2025 despite higher revenue
India Digest: MoroMaa, Factrika, Jar raise funding
Asia’s private markets are resetting around capital and liquidity
NUS appoints Abu Dhabi Investment Council veteran Daren Smith as CIO
Analysis
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.
IPOs & Markets
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.
Axis Bank is the fourth-largest credit card issuer in India.
