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Invesco Ltd. has increased its valuation of Swiggy to $13.3 billion, reflecting confidence in the Indian food-delivery startup. This comes as Swiggy prepares for its IPO, aiming to raise $1.4 billion. The valuation boost highlights the growing potential of India's online food delivery market.

11x, a startup developing AI-powered sales bots, has raised $50 million in Series B funding led by Andreessen Horowitz. The company is now valued at $350 million, up from $90 million during its Series A. With its AI sales representatives Alice and Jordan, 11x.ai is competing in the growing market of AI-driven sales development tools.

Oil companies are well-positioned to dominate the offshore wind power industry due to their existing expertise and infrastructure. The International Energy Agency (IEA) emphasises the significant overlap in supply chains and technology between the two sectors. In Vietnam, state-owned PETROVIETNAM emerges as a frontrunner, leveraging its extensive experience and resources to spearhead offshore wind power advancements.

China Telecom Global has developed two large language models trained entirely on domestically produced chips. This milestone showcases China's advancements in achieving AI chip autonomy. The company claims this achievement marks a new phase for China's innovation and self-reliance in AI technology.

Telekom Malaysia has signed a services agreement with Radian Arc to enhance its cloud gaming and edge computing infrastructure. The partnership aims to deliver seamless, high-quality digital experiences for customers while strengthening Malaysia's position as a key digital hub in Southeast Asia. This collaboration is part of TM's strategic roadmap towards becoming a digital powerhouse by 2030, supporting digital transformation across all sectors.

ByteDance, TikTok's parent company, is adapting to US chip restrictions by partnering with Huawei for AI development. The company aims to train a large language AI model using Huawei's Ascend 910B chip. This move highlights the growing importance of AI in the tech industry and ByteDance's strategy to maintain its competitive edge.

AirAsia is significantly expanding its domestic connectivity in Malaysia, adding 2,000 weekly flights and 150,000 seats across 40 key routes by the end of the year. This expansion aims to meet growing travel demand and provide more options for both local and regional guests. AirAsia's market share is projected to reach 64%, solidifying its position as a leader in Malaysian aviation.

Chinese EV maker XPENG is entering the Qatar market, signing a deal with distributor Pioneer Motors. This move is part of Xpeng's global expansion strategy amid fierce competition in China. Qatari consumers will soon have access to Xpeng's electric vehicles featuring autonomous driving technology.

Capital A is set to transform its business model by selling its aviation division to AirAsia X. This strategic move will allow the company to focus on its non-aviation sectors and improve its financial standing. Shareholders will vote on this proposal at an upcoming EGM, potentially marking a new chapter for Capital A's growth and diversification.