Did you know that a ChatGPT query takes up nearly 10 times the amount of electricity needed to run a Google search on average? 

That’s right. And what that means is that the current boom in artificial intelligence we’re seeing is driving up a significant increase in data centre workload and demand for data centre capacity.

For one thing, the International Data Corporation or IDC expects the surging demand for AI workloads to drive up AI data centre capacity at a projected compound annual growth rate of 40.5% from 2024 through 2027.   

But how has that filtered down to data centre operators and related REITs? That’s what we are going to find out from our guest for today, Digital Core REIT. 

Listed on the mainboard of the SGX in 2021, Digital Core Reit is said to be the only pure-play data centre Singapore REIT sponsored by data centre owner and operator Digital Realty. 

The REIT has a principal investment strategy of investing in a diversified portfolio of stabilised income-producing real estate assets located globally which are used primarily for data centre purposes, as well as assets necessary to support the digital economy.

Currently, the REIT holds US$1.4B in assets under management and 10 data centres in its portfolio. But how will this change amid the boom in AI, and how far will Southeast Asia be a bright spot for the firm, with big techs pouring investments into the region to build data centres? 

Also – how does Digital Core REIT assess Singapore as a destination to host data centres?

On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to John Stewart, CEO, Digital Core REIT. 

Did you know that a ChatGPT query takes up nearly 10 times the amount of electricity needed to run a Google search on average? 
That’s right. And what that means is that the current boom in artificial intelligence we’re seeing is driving up a significant increase in data centre workload and demand for data centre capacity.
For one thing, the International Data Corporation or IDC expects the surging demand for AI workloads to drive up AI data centre capacity at a projected compound annual growth rate of 40.5% from 2024 through 2027.   
But how has that filtered down to data centre operators and related REITs? That’s what we are going to find out from our guest for today, Digital Core REIT. 
Listed on the mainboard of the SGX in 2021, Digital Core Reit is said to be the only pure-play data centre Singapore REIT sponsored by data centre owner and operator Digital Realty. 
The REIT has a principal investment strategy of investing in a diversified portfolio of stabilised income-producing real estate assets located globally which are used primarily for data centre purposes, as well as assets necessary to support the digital economy.
Currently, the REIT holds US$1.4B in assets under management and 10 data centres in its portfolio. But how will this change amid the boom in AI, and how far will Southeast Asia be a bright spot for the firm, with big techs pouring investments into the region to build data centres? 
Also – how does Digital Core REIT assess Singapore as a destination to host data centres?
On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to John Stewart, CEO, Digital Core REIT.

We speak with businesses, industry leaders, venture capitalists and startups on their assessment of the business environment they're in, and what the future holds for them.

We speak with businesses, industry leaders, venture capitalists and startups on their assessment of the business environment they're in, and what the future holds for them.

Under The Radar

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters with Hongbin Jeong and Chua Tian Tian

Under the Radar: Digital Core REIT’s CEO on the impact of AI boom on data centre demand and how Southeast Asia could be a bright spot

It’s all about making carbohydrates great again today as we speak to a food tech company that aims to make carbs-heavy food healthier for consumers. 

Founded in 2015, Alchemy Foodtech is a Singapore-based food innovation company that aims to create food that not only taste better, but are healthier for people. 

In particular, the company formulates food ingredients that can reduce sugar usage and lower the glycemic index in carbohydrate-based foods while improving gut and metabolic health. Such ingredients can be used in items such as rice, noodles, bread, confectionery and even beverages. 

In particular, the firm said it is known for its Alchemy Fibre™️. The patented fibre blend is made out of plant ingredients such as corn and legumes and can be added to carb-heavy food products like rice, bread or noodles to prevent sudden blood sugar spikes. 

Another product that the company is pushing out is a sugar replacer solution  SweetFibre™️. 

So far, Alchemy Foodtech said it has worked with Subway on a lower sugar cookie in Singapore. Some of its other local customers include chicken rice chain Boon Tong Kee, the Springleaf Prata Place and duck specialist Dian Xiao Er.

But how far is Singapore a key market for Alchemy, given how the country declared war against diabetes back in 2016? 

Also – where does the company intend to expand into to achieve greater scale in the medium to longer term? 

On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Alan Phua, Co-founder, Alchemy Foodtech.

It’s all about making carbohydrates great again today as we speak to a food tech company that aims to make carbs-heavy food healthier for consumers. 
Founded in 2015, Alchemy Foodtech is a Singapore-based food innovation company that aims to create food that not only taste better, but are healthier for people. 
In particular, the company formulates food ingredients that can reduce sugar usage and lower the glycemic index in carbohydrate-based foods while improving gut and metabolic health. Such ingredients can be used in items such as rice, noodles, bread, confectionery and even beverages. 
In particular, the firm said it is known for its Alchemy Fibre™️. The patented fibre blend is made out of plant ingredients such as corn and legumes and can be added to carb-heavy food products like rice, bread or noodles to prevent sudden blood sugar spikes. 
Another product that the company is pushing out is a sugar replacer solution  SweetFibre™️. 
So far, Alchemy Foodtech said it has worked with Subway on a lower sugar cookie in Singapore. Some of its other local customers include chicken rice chain Boon Tong Kee, the Springleaf Prata Place and duck specialist Dian Xiao Er.
But how far is Singapore a key market for Alchemy, given how the country declared war against diabetes back in 2016? 
Also – where does the company intend to expand into to achieve greater scale in the medium to longer term? 
On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Alan Phua, Co-founder, Alchemy Foodtech.

Under the Radar: Making carbs great again – Alchemy Foodtech on scaling the business, the importance of Singapore as a testbed and prospects in greater China

It’s back to the offshore and marine industry today as we speak to a Thailand-based international subsea and offshore services company that services some of the oil and gas majors and their contractors. 

Listed on the Singapore Stock Exchange in 2007, Mermaid Maritime provides full turnkey services through its diversified portfolio of subsea vessels, specialised diving equipment and remotely operated vehicles. 

These services include subsea inspection, repair and maintenance, cable laying and engineering, transportation and installation as well as decommissioning. 

The firm’s operations span across five geographical regions, namely the Middle East, Africa, Asia Pacific and Southeast Asia as well as the UK, and has a team of over 500 professional divers, technicians, surveyors, management and support staff. 

Mermaid Maritime is an interesting company to watch given how SGX-listed offshore and marine are enjoying positive earnings results for the April toJune quarter and the first half of 2024.

That’s as players hold a strong pipeline of work and recover from an earlier slump seen during the pandemic.

At Mermaid Maritime, the Group had in Q1 turned around year ago losses. In Q2 2024, it reported a net profit of US$2.9 million, an increase from the last quarter, but a drop on a yearly basis due to higher in-planned financial cost. 

Its total order book peaked at US$976 million at the end of June 2024 with multiple project awards in South East Asia, the Middle East, North Sea and Western Sub Saharan region for both short-term and long term throughout FY2026. 

But how does the firm assess its outlook ahead? 

Meanwhile, with tensions in the Middle East weighing on oil prices, what would that mean for firms serving the oil and gas industry, such as Mermaid Maritime? 

On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Paul Whiley, COO, Mermaid Maritime.

It’s back to the offshore and marine industry today as we speak to a Thailand-based international subsea and offshore services company that services some of the oil and gas majors and their contractors. 
Listed on the Singapore Stock Exchange in 2007, Mermaid Maritime provides full turnkey services through its diversified portfolio of subsea vessels, specialised diving equipment and remotely operated vehicles. 
These services include subsea inspection, repair and maintenance, cable laying and engineering, transportation and installation as well as decommissioning. 
The firm’s operations span across five geographical regions, namely the Middle East, Africa, Asia Pacific and Southeast Asia as well as the UK, and has a team of over 500 professional divers, technicians, surveyors, management and support staff. 
Mermaid Maritime is an interesting company to watch given how SGX-listed offshore and marine are enjoying positive earnings results for the April toJune quarter and the first half of 2024.
That’s as players hold a strong pipeline of work and recover from an earlier slump seen during the pandemic.
At Mermaid Maritime, the Group had in Q1 turned around year ago losses. In Q2 2024, it reported a net profit of US$2.9 million, an increase from the last quarter, but a drop on a yearly basis due to higher in-planned financial cost. 
Its total order book peaked at US$976 million at the end of June 2024 with multiple project awards in South East Asia, the Middle East, North Sea and Western Sub Saharan region for both short-term and long term throughout FY2026. 
But how does the firm assess its outlook ahead? 
Meanwhile, with tensions in the Middle East weighing on oil prices, what would that mean for firms serving the oil and gas industry, such as Mermaid Maritime? 
On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Paul Whiley, COO, Mermaid Maritime.

Under the Radar: Mermaid Maritime’s COO on post-pandemic recovery, what volatilities in oil prices mean for the firm, positioning for a greener future and outlook ahead

Chipmakers take the centre stage today as we speak to a high performance and adaptive computing leader that is at the forefront of powering generative artificial intelligence. 

Founded in 1969 as a Silicon Valley startup, our guest for today is fabless chipmaker and chip designer Advanced Micro Devices or AMD. 

The company had driven innovation in high performance computing, graphics and visualisation technologies for over half a century. It currently serves billions of people and leads Fortune 500 companies and scientific research innovations in improving the way people work, live and play. 

Now, AMD is a company to watch particularly at this moment in time where we see a rush by global big techs to invest in generative AI infrastructure. 

In particular, a Forbes article noted that global big techs spent over US$150 billion in capital expenditure on AI infrastructure for the past year dating from August 2024. 

The massive spending raises questions as to how exactly generative AI would augment our daily lives and how big techs can generate returns on the massive spending. 

That also means questions as to and whether the demand for generative AI solutions can continue to bolster demand for AI chips at the likes of AMD into the longer term. 

At the same time, media reports out in September 2024 cited remarks by AMD CEO Lisa Su where she believes that graphic processing units may not be the architecture of choice for firms working on AI in the next five years. 

Su noted that there would be a broadening beyond GPUs in the form of custom AI chips. But what does it mean for AMD in terms of its product offerings and how it is positioning itself for its next bound of growth? 

On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Peter Chambers, Managing Director, Sales, APAC & Country Manager, Australia, AMD.

Chipmakers take the centre stage today as we speak to a high performance and adaptive computing leader that is at the forefront of powering generative artificial intelligence. 
Founded in 1969 as a Silicon Valley startup, our guest for today is fabless chipmaker and chip designer Advanced Micro Devices or AMD. 
The company had driven innovation in high performance computing, graphics and visualisation technologies for over half a century. It currently serves billions of people and leads Fortune 500 companies and scientific research innovations in improving the way people work, live and play. 
Now, AMD is a company to watch particularly at this moment in time where we see a rush by global big techs to invest in generative AI infrastructure. 
In particular, a Forbes article noted that global big techs spent over US$150 billion in capital expenditure on AI infrastructure for the past year dating from August 2024. 
The massive spending raises questions as to how exactly generative AI would augment our daily lives and how big techs can generate returns on the massive spending. 
That also means questions as to and whether the demand for generative AI solutions can continue to bolster demand for AI chips at the likes of AMD into the longer term. 
At the same time, media reports out in September 2024 cited remarks by AMD CEO Lisa Su where she believes that graphic processing units may not be the architecture of choice for firms working on AI in the next five years. 
Su noted that there would be a broadening beyond GPUs in the form of custom AI chips. But what does it mean for AMD in terms of its product offerings and how it is positioning itself for its next bound of growth? 
On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Peter Chambers, Managing Director, Sales, APAC &amp; Country Manager, Australia, AMD.

Under the Radar: Digital Core REIT’s CEO on the impact of AI boom on data centre demand and how Southeast Asia could be a bright spot

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