AGP Executive Report
Last update: 5 hours agoMeta Layoffs, Singapore First: Meta has started a global 10% cut of about 8,000 jobs, with Singapore staff getting the 4am notice first—now adding fresh anger as leaked audio claims AI is trained by “watching really smart people do things,” alongside reports of internal tracking like keystrokes and screenshots. OpenAI Bet for Singapore: Singapore signed its first OpenAI MOU, with a commitment of over S$300m to launch the first overseas Applied AI Lab outside the US and create 200+ AI roles. Fintech & Payments Push: Chinese payment platforms are accelerating overseas licensing to escape low domestic fees, while NHN KCP pilots stablecoin payments on a private Avalanche network. Trade & Markets: Asian stocks jumped on Nvidia’s results and easing Strait of Hormuz disruption fears. Regulatory & Corporate Moves: Singapore revoked Bsquared’s crypto payment licence over “serious breaches,” and Gardenia shifts bakery production to Johor Bahru, retrenching 141 staff in Singapore.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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