Startup wins of the week: 10 milestones that matter

Nvidia's CEO Jensen Huang revealed at a conference in San Jose, California that while co-packaged optics technology will be used in new networking chips for energy efficiency, it is not yet reliable enough for flagship GPUs due to the superiority of traditional copper connections. Silicon Valley is investing in optics technology for AI systems, with companies like Ayar Labs and Lightmatter raising significant venture capital. Nvidia is aiming to increase computing power with new server...

M&C Saatchi has introduced an AI-powered diagnostic tool, the Cultural Power Index, to assess brands' cultural impact in real time by analyzing data signals. This tool helps brands understand their cultural relevance, track shifts in perception, and enhance their "cultural power". Along with a global rebrand under the "Cultural Power" banner, the agency has revamped its visual identity, website, and integrated operating model to emphasize creativity as a driver of brand growth. Full Article

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President Trump's cuts to foreign assistance, including shutting down USAID, create an opportunity for Asian nations to step up in providing humanitarian aid to aid-dependent regions like Africa. This shift in aid distribution may lead to Asian countries playing a more prominent role in global humanitarian efforts. This change could potentially reshape the landscape of international aid provision. Full Article

South Korea's Hanwha Group has purchased a 9.9% stake in Australian shipbuilder Austal for A$4.45 per share, after proposing a full takeover a year earlier. Hanwha aims to establish a long-term partnership with Austal instead of pursuing complete ownership, as both companies look to expand their US operations in the wake of President Trump's focus on American shipbuilding. Last year, Hanwha acquired US shipbuilder Philly Shipyard, enhancing its presence in the American market. Full Article

Lee Shau-kee, a Hong Kong real estate tycoon who founded Henderson Land Development, passed away at 97, leaving behind a legacy of building affordable housing for middle-class residents. With an estimated net worth of $29.2 billion, he was known for his shrewd investments and philanthropy efforts through the Lee Shau-Kee Foundation, supporting education and vocational training in China and other countries. Despite challenges in the real estate market, Mr. Lee's business acumen and foresight in...