Singapore, U.S. investigate Nvidia client Megaspeed

Singapore, U.S. investigate Nvidia client Megaspeed

Singapore authorities are investigating artificial intelligence computing firm Megaspeed, a customer of American AI chipmaker Nvidia, for allegedly helping Chinese companies evade curbs on U.S. chip exports. “The Singapore Police Force confirms that investigations are ongoing into Megaspeed for suspected breaches of our domestic laws,” the police told CNBC in an email. The probe comes…

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Standard Bank’s R3.7bn tech spend fuels client growth

Standard Bank’s R3.7bn tech spend fuels client growth

Sim Tshabalala, Standard Bank Group CEO. Standard Bank, Africa’s biggest bank by assets, ramped up its technology spend in the six months to 30 June 2025 (H125), investing a total of R3.7 billion across its divisions. The JSE-listed financial services group revealed the figures in its interim results for 2025, noting that software, cloud and…

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