Qualcomm launches AI R&D centre in Vietnam
HANOI :U.S. chipmaker Qualcomm has launched an artificial intelligence research and development centre in Vietnam, the company said on Tuesday.
Its researchers will focus on advancing generative and agentic AI solutions across smartphones, personal computers, XR (extended reality), automotive and IoT applications, it said in a statement.
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Independent Singapore
22 minutes ago
- Independent Singapore
I had a stroke; my entire left side paralysed, but my mum told me, 'Son, you can do anything' — SG man recalls the words that drove him to become a self-made millionaire
SINGAPORE: At 18, Reshveen Rajendran was set to become a military officer — until his body gave up on him. Just two weeks into national service (NS), a brain aneurysm floored him. The entire left side of his body was paralysed. His dream? Dashed. His future? Uncertain. But what pulled him through wasn't therapy, fame, or fortune — it was just a simple line from his mother: 'Son, you can do anything.' Today, that same young man — now a multimillionaire entrepreneur and investor — runs a successful education company and a fund, raking in over S$10 million a year. And it all started with nothing but some savings, an interest in investing, and a painful personal reboot. Rock bottom came before takeoff While most NS recruits were learning how to field strip rifles and march in sync, Reshveen was lying in a hospital bed, unable to move his fingers. 'I had a stroke… an aneurysm in the right side of my brain,' he told the Asian Boss team during their street interview in Singapore. 'I basically lost sensation on the whole left side of my body,' he explained. Six months of medical leave followed. Physical rehab became his daily drill. And his military officer's dreams? Over. 'All my dreams got dashed. I couldn't become an officer ever again. I couldn't go back to the gym. Everything that I wanted to do was gone,' he recalled. But then came mum, delivering what can only be described as the emotional defibrillator that shocked his mindset back to life. 'She said, 'Son, you can do anything.' So I decided to pick up books and learn how to make money. I decided to use my brains instead,' he said. See also Catalysing Growth: SME Interview Series with Validus Capital It was then that his breakdown turned into a breakthrough. From free talks to S$10M revenue Fresh out of national service and with his military officer career buried, Reshveen fell in love with investing. He started small — not just with money, but with impact. 'I attended a programme on investing. I got very passionate about it. I saw very decent results. So I just wanted to share the information with my friends.' And he didn't charge a cent. 'It was literally for free, and people loved it. They started inviting their friends, and before you know it, it became a full-fledged business,' he added. Fast-forward a few years, and what started as casual lessons snowballed into a full-on education empire. Today, his company and fund together generated over $10 million in revenue just last year. That's really a great feat for someone who once had to relearn how to even wiggle his fingers after suffering a paralysing stroke. On saving, spending, and not getting scammed by 'glorious' investing 'Saving is the number one thing you've got to do, even before you start investing,' Reshveen stressed. In a world where 'investing' is the new flex, he's quick to point out the dark side. 'People lose a ton of money if they don't know how to invest.' So his golden rule? 'Make sure your savings can cover at least six months of emergency expenses. Whatever that amount is for you, get that settled first. Anything on top of that, I invest.' 'Doing what you love' vs. 'doing what's boring but rich' Reshveen's story might sound like a dream scenario: make money doing what you love. But he doesn't pretend it's the only way. 'I'm doing what I love and I've made millions from what I love… but I also know many friends who do boring stuff and make millions too,' he said. The lesson? You don't have to love your job to get rich. You just have to be good at it — or better yet, be consistent with it. What if he lost all his millions tomorrow? When asked a question about something that haunts most millionaires — 'What would you do if you lost everything?' — Reshveen didn't flinch, and he even seemed excited by the idea. 'Today, in 2025, we're living in the age of exponential artificial intelligence (AI). The first thing I'd do is learn AI — what I can do with it — and use that to sell information to businesses.' He calls it 'information arbitrage,' and it's where he believes the real money lies today. 'There are a ton of businesses around that have no clue how to create a website, which you can get done in 5 minutes today.' He adds with a grin, 'I would probably make millions of dollars. I'm not joking. It's so crazy.' Millionaire mindset: Discipline over drama Despite the money, Reshveen doesn't preach hustle culture or flex the usual luxury lifestyle. So what's his formula? Save first — at least 20% of your income. Build a 6-month emergency fund. Invest what's left — wisely. Never stop learning. Especially now, with AI reshaping the game. And most importantly: Your tragedy doesn't define you. Your pivot does. Reshveen's story is more than a rags-to-riches tale. It's a master class in resilience, reinvention, and real-world strategy — from someone who learned to walk again before he learned to invest. He didn't just rebuild his life. He reprogrammed it. Watch Reshveen's full story in the Asian Boss street interview below, along with other Singaporean self-made millionaires who built their fortunes from scratch — a master class in turning rejection into redirection and setbacks into success. In another candid street interview with Asian Boss , another young Singaporean millionaire peeled back the hood on what it takes to build a million-dollar business — and spoiler alert: it wasn't a trust fund or market timing wizardry. He revealed a more grounded answer: solving the problems of others and the fact that 'You don't need to be a stock market expert to get rich' — Young Singaporean millionaire reveals how solving problems of others with AI led to his first million
CNA
35 minutes ago
- CNA
CNA938 Rewind - Stock take today: Inflation threat looms, US dollar drops
CNA938 Rewind On the daily markets analysis on Open For Business, Hairianto Diman speaks with Hebe Chen, Market Analyst at Vantage Markets.
CNA
an hour ago
- CNA
Asia shares track Wall St gains before payrolls test
SYDNEY :Asia shares firmed on Monday as seemingly unquenchable demand for technology companies lifted S&P 500 futures to another all-time peak, while the dollar dipped on concerns U.S. jobs data will show enough weakness to justify larger rate cuts. Investors were also keeping a wary eye on the progress of a huge U.S. tax-cutting and spending bill slowly making its way through the Senate, with signs it may not make it by President Donald Trump's preferred July 4 deadline. The Congressional Budget Office estimated the bill would add $3.3 trillion to the nation's debt, testing foreign appetite for U.S. Treasuries. There was no doubting the demand for the U.S. tech sector and megacap growth stocks including Nvidia, Alphabet and Amazon. Nasdaq futures rose another 0.3 per cent, while S&P 500 e-minis added 0.2 per cent. The bullish sentiment spilled over into Japan's Nikkei which rose 1.0 per cent, while South Korean stocks gained 0.5 per cent. MSCI's broadest index of Asia-Pacific shares outside Japan firmed 0.1 per cent. A holiday on Friday means U.S. payrolls are a day early, with analysts forecasting a rise of 110,000 in June with the jobless rate ticking up to 4.3 per cent. The resilience of the labour market is a major reason the majority of Federal Reserve members say they can afford to wait on cutting rates until they can gauge the true impact of tariffs on inflation, so a weak report would stoke speculation of a rate cut in July rather than September. "While initial jobless claims retreated somewhat from their recent high, continuing claims jumped higher yet again," noted Michael Feroli, head of U.S. economics at JPMorgan. "Consumers' assessment of labor market conditions also deteriorated in the latest confidence report." "Both of these developments suggest that the unemployment rate in June should tick up to 4.3 per cent, with a significant risk of reaching 4.4 per cent." The latter outcome would likely see futures push up the chance of a July easing from the current 18 per cent and price in more than the present 63 basis points of cuts for this year. DOLLAR DOLDRUMS Fed Chair Jerome Powell will have an opportunity to repeat his cautious outlook when he joins several other central bank chiefs at the European Central Bank forum in Sintra on Tuesday. The prospect of an eventual policy easing has helped Treasuries weather worries about the U.S. budget deficit and the huge amount of borrowing it entails. Yields on 10-year Treasuries were steady at 3.27 per cent, having fallen 9 basis points last week. The dollar has not fared so well, in part due to concerns tariffs and chaotic policies from the White House will drag on economic growth and erode the country's claim to exceptionalism. The euro was near its highest since September 2021 at $1.1731, having climbed 1.7 per cent last week, while sterling stood near a similar peak at $1.3719. The dollar was down a fraction at 144.48 yen, after losing 1 per cent last week, while the dollar index dipped to 97.163. James Reilly, a senior markets economist at Capital Economics, noted the dollar had fallen by more at this stage in the year than in any previous year since the U.S. moved to a free-floating exchange rate in 1973. "At this point, further weakness could become self-reinforcing as underhedged European/Asian portfolios chase the move," he added. "So, we suspect that this could be a pivotal period for the greenback – either it turns around here or there is another 5 per cent or so fall around the corner." In commodity markets, the general revival in risk sentiment has undermined gold, which slipped to $3,266 an ounce and further away from April's record top of $3,500. Oil prices continued to struggle on concerns about plans for increased output from OPEC+, which contributed to a 12 per cent slide last week.
