E-commerce and trade

Bank appoints head of AI enablement

Standard Chartered has appointed David Hardoon as its global head of AI enablement, further embedding AI across its operations.

Based in Singapore, he will report to group chief data officer Mohammed Rahim.

Hardoon will lead AI governance and identify areas where AI can enhance productivity, efficiency, and client experiences. His appointment follows the bank’s recent rollout of a generative AI tool to over 70,000 employees across 41 markets.

The bank has been steadily introducing AI-driven tools, including a smart video column to provide insights for clients in Asia. It plans further expansion of its internal AI systems across additional regions.

With more than 20 years of experience in data and AI, including with Singapore’s central bank, Hardoon is expected to guide the responsible and strategic use of AI technologies across Standard Chartered’s global footprint.

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Google blends AI mode with Lens

Google is enhancing its experimental AI Mode by combining the visual power of Google Lens with the conversational intelligence of Gemini, offering users a more dynamic way to search.

Instead of typing queries alone, users can now upload photos or take snapshots with their smartphone to receive more insightful answers.

The new feature moves beyond traditional reverse image search. For instance, you could snap a photo of a mystery kitchen tool and ask, ‘What is this, and how do I use it?’, receiving not only a helpful explanation but links to buy it and even video demonstrations.

Rather than focusing on a single object, AI Mode can interpret entire scenes, offering context-aware suggestions.

Take a photo of a bookshelf, a meal, or even a cluttered drawer, and AI Mode will identify items and describe how they relate to each other. It might suggest recipes using the ingredients shown, help identify a misplaced phone charger, or recommend the order to read your books.

Behind the scenes, the system runs multiple AI agents to analyse each element, providing layered, tailored responses.

Although other platforms like ChatGPT also support image recognition, Google’s strength lies in its decades of search data and visual indexing. Currently, the feature is accessible to Google One AI Premium subscribers or those enrolled in Search Labs via the Google mobile app.

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OpenAI negotiates $500m deal for AI startup

OpenAI is reportedly in talks to acquire io Products, an AI hardware startup co-founded by former Apple design chief Jony Ive and OpenAI CEO Sam Altman, in a deal that could exceed $500 million.

Instead of focusing solely on software like ChatGPT and API tools, OpenAI appears to be eyeing consumer devices as a way to diversify its revenue.

io Products is said to be working on AI-powered consumer tech, including a screenless smartphone and smart home gadgets.

The company’s team includes several former Apple designers, such as Tang Tan and Evans Hankey. Instead of traditional screens, these new devices are expected to explore more ambient and context-aware ways of interaction.

Jony Ive, best known for his role in designing iconic Apple products like the iPhone and iMac, left Apple in 2019 to launch his design consultancy, LoveFrom.

His collaboration with Altman on io Products was publicly confirmed last year and has already drawn interest from high-profile backers, including Laurene Powell Jobs. Funding for the startup was projected to reach $1 billion by the end of 2024.

The move echoes Altman’s previous investments in AI hardware, such as Humane Inc., a wearable tech startup that also focused on screenless interaction. Instead of scaling that venture, however, HP acquired some of Humane’s assets for $166 million earlier this year.

OpenAI’s potential acquisition of io Products could mark a significant shift toward physical consumer products in the AI space.

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Anthropic grows its presence in Europe

Anthropic is expanding its operations across Europe, with plans to add over 100 new roles in sales, engineering, research, and business operations. Most of these positions will be based in Dublin and London.

The company has also appointed Guillaume Princen, a former Stripe executive, as its head for Europe, the Middle East, and Africa. This move signals Anthropic’s ambition to strengthen its global presence, particularly in Europe where the demand for enterprise-ready AI tools is rising.

The company’s hiring strategy also reflects a wider trend within the AI industry, with firms like Anthropic competing for global market share after securing significant funding.

The recent $3.5 billion funding round bolsters Anthropic’s position as it seeks to lead the AI race across multiple regions, including the Americas, Europe, and Asia.

Instead of focusing solely on the US, Anthropic’s European push is designed to comply with local AI governance and regulatory standards, which are increasingly important to businesses operating in the region.

Anthropic’s expansion comes at a time when AI firms are facing growing competition from companies like Cohere, which has been positioning itself as a European-compliant alternative.

As the EU continues to shape global AI regulations, Anthropic’s focus on safety and localisation could position it favourably in these highly regulated markets. Analysts suggest that while the US may remain a less regulated environment for AI, the EU is likely to lead global AI policy development in the near future.

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AI tool boosts accuracy of cancer treatment predictions

A Slovenian-US biotech company, Genialis, is harnessing AI to revolutionise cancer treatment by tackling a major obstacle: the lack of reliable biomarkers to predict how patients will respond to therapy. Using an AI-driven model developed from over a million global samples, the company aims to personalise treatment with far greater accuracy.

Founded nine years ago as a spin-off from the University of Ljubljana, Genialis is now headquartered in Boston but maintains strong ties to Slovenia, employing 22 local experts. Initially focused on tools for biologists, the firm shifted towards personalised medicine six years ago, now offering diagnostic insights that predict whether a patient is likely to respond to a specific cancer drug or treatment.

Genialis’ proprietary “Supermodel” analyses RNA data from a diverse range of patients using machine learning, boosting the likelihood of treatment success from 20–30% to as high as 65% when paired with their biomarkers. While the software is already used in research settings, the ultimate goal is to integrate it into routine clinical care. Despite the promise, challenges remain, including securing quality data and investment. Co-founders Rafael Rosengarten and Miha Štajdohar remain optimistic, believing AI-powered precision medicine is the future of effective cancer therapy.

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DeepSeek unveils new approach to improve AI reasoning

Chinese AI firm DeepSeek has unveiled a new method to improve LLM reasoning skills, claiming it offers more accurate and faster responses than current technologies. The approach, developed with researchers from Tsinghua University, combines generative reward modeling (GRM) with a self-principled critique tuning technique.

The method aims to refine how AI LLMs respond to general queries by better aligning their outputs with human preferences. According to a paper published on the arXiv scientific repository, the resulting DeepSeek-GRM models showed stronger performance than existing methods and proved competitive against widely accepted public reward models.

DeepSeek has announced intentions to release these models as open source, though no release date has been set. The move follows increased global interest in the company, which had earlier gained attention for its V3 foundation model and R1 reasoning model.

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Digital Morocco 2030 strategy focuses on tech-driven transformation

Morocco has set ambitious goals to boost its economy through investment in emerging technologies, aiming for a 10% increase in GDP by 2030. As part of its Digital Morocco 2030 strategy, the government is committing over 11 billion dirhams ($1.1 billion) by 2026 to drive digital transformation, create more than 240,000 jobs, and train 100,000 young people annually in digital skills.

The roadmap prioritises digitising government services through a Unified Administrative Services Portal, with the long-term goal of placing Morocco among the world’s top 50 tech nations. Blockchain plays a central role in this vision, being adopted to improve transparency and efficiency in public services, and already undergoing trials in private sectors like healthcare and finance.

Despite an ongoing official ban, digital asset ownership has surged, more than six million Moroccans now hold such assets, representing over 15% of the population. In parallel, the country is rapidly expanding its use of AI. Notably, Morocco has introduced AI into its judiciary, launched an AI-powered university learning system, and trained over 1,000 small- and medium-sized businesses in AI adoption through partnerships with LinkedIn and the European Bank for Reconstruction and Development.

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Mistral AI to power CMA CGM’s next-gen logistics tools

French shipping heavyweight CMA CGM has announced a major partnership with tech firm Mistral AI, committing €100 million over five years to develop custom AI solutions across its logistics, shipping, and media divisions.

A dedicated team of Mistral AI experts will be stationed at CMA CGM’s Marseille headquarters and Grand Central, the base for its media arm.

The collaboration will focus on automating customer services, improving e-commerce tools, and creating smarter document systems to streamline operations.

CMA CGM’s CEO, Rodolphe Saadé, described the deal as a key step in reinventing the group’s core businesses with artificial intelligence, while aligning with the company’s values and goals for responsible innovation.

CMA CGM has already committed €500 million to advancing AI, with prior partnerships including Google and Perplexity, and investments in firms like PoolSide and Dataiku.

The group also launched Kyutai, a nonprofit AI research lab, in 2023. The latest collaboration with Mistral AI reinforces CMA CGM’s ambition to lead digital transformation in maritime logistics through generative AI.

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Sam Altman’s AI cricket post fuels India speculation

A seemingly light-hearted social media post by OpenAI CEO Sam Altman has stirred a wave of curiosity and scepticism in India. Altman shared an AI-generated anime image of himself as a cricket player dressed in an Indian jersey, which quickly went viral among Indian users.

While some saw it as a fun gesture, others questioned the timing and motives, speculating whether it was part of a broader strategy to woo Indian audiences. This isn’t the first time Altman has publicly praised India.

In recent weeks, he lauded the country’s rapid adoption of AI technology, calling it ‘amazing to watch’ and even said it was outpacing the rest of the world. His comments marked a shift from a more dismissive stance during a 2023 visit when he doubted India’s potential to compete with OpenAI’s large-scale models.

However, during his return visit in February 2025, he expressed interest in collaborating with Indian authorities on affordable AI solutions. The timing of Altman’s praise coincides with a surge in Indian users on OpenAI’s platforms, now the company’s second-largest market.

Meanwhile, OpenAI faces a legal tussle with several Indian media outlets over their alleged content misuse. Despite this, the potential of India’s booming AI market—projected to hit $8 billion by 2025—makes the country a critical frontier for global tech firms.

Experts argue that Altman’s overtures are more about business than sentiment. With increasing competition from rival AI models like DeepSeek and Gemini, maintaining and growing OpenAI’s Indian user base has become vital. As technology analyst Nikhil Pahwa said, ‘There’s no real love; it’s just business.’

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Google’s Wiz acquisition propels Israel’s tech sector to new heights

Israel’s high-tech sector surged into 2025 with remarkable momentum, instead of continuing the two-year slump in funding.

According to new figures from Startup Nation Central, private Israeli tech firms raised $3.2 billion through 185 deals in the first quarter, rather than declining as in previous periods. This marked a 12% rise from the previous quarter and a 14% increase year on year.

The most striking figure came from mergers and acquisitions, which reached a record-breaking $35.9 billion across 38 deals.

It was driven by Google’s $32 billion acquisition of cybersecurity firm Wiz—the biggest tech exit in Israeli history and one of the largest globally, instead of a more modest transaction typical of previous years.

Even excluding the Wiz acquisition, the M&A volume still hit $3.9 billion—its highest since the third quarter of 2023. Instead of reflecting a single outlier, the strong figures suggest a broader resurgence in investor confidence and corporate activity.

It signals that global interest in Israel’s innovation sector is gaining strength again, instead of continuing to wane as seen over the past two years.

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