Doctor Anywhere reaches a key milestone with its first operating profit, while Meta makes a new wager in the intensifying AI race.
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IN FOCUS

  • Doctor Anywhere posts a positive operating profit for the first time in four years
  • How hyperscalers continue to grow despite lack of data on AI traffic
  • Meta stages a comeback in the AI race with Muse Glimmer

Hello reader,

The road to recovery is rarely straightforward. You may find yourself recovering from an allergic reaction, only to be hit with the flu right after. Sadly, that's the story of my life.

For some of the companies we're diving into today, recovery - whether financial or strategic - has come with its own share of roadblocks.

Take Singapore's Doctor Anywhere. The telehealth platform ceased operations in Vietnam in 2025 after six years in the country. This appears to have worked in its favor - by the end of that year, Doctor Anywhere had posted its first operating profit.

I wrote about the company's turnaround in today's first Top Story.

Meanwhile in Silicon Valley, Meta looks to be cracking its knuckles as it tries to get back into the AI race with the launch of its open-source model, Muse Glimmer. After its Manus acquisition was blocked by the Great Wall of Chinese regulators, Meta is now looking to carve out its own place in the AI boom with a model built for agents.

My colleague Glenn dives into the move in detail in the Spotlight, including how it could prove instrumental in the US' broader AI race against China.

Both Meta and Doctor Anywhere are still some distance from where they want to be in their respective "races," but they are finding a path forward.

Elyssa Lopez, journalist


TOP STORIES

1️⃣ Doctor Anywhere posts healthier operations in 2025

The telehealth platform recorded US$868,000 in operating profit for the 2025 fiscal year, the first time it hit a positive in four years. Doctor Anywhere is looking to improve its financials further, with cash breakeven targeted for the "near to medium term."

2️⃣ The AI infrastructure boom is built on data nobody actually has

One of our Insights writers, Matt Walker from MTN Consulting, makes a bold argument: the AI market has been in a bubble for the past two years.

His reasoning is simple: Hyperscalers and data center operators continue to build new facilities, often with borrowed capital, despite uncertainty over just how much computing capacity AI will require.

Wherever you stand on the AI bubble debate, it's a sobering read.


SPOTLIGHT

Meta's AI comeback runs through open models, again

Meta's latest model marks a return to the playbook that once made the company important to the AI space.

Muse Glimmer is built for AI agents that can write code, use software tools, and recover when a task goes wrong. More importantly, developers can download and run it on a high-end computer instead of paying Meta each time they use it.

The company is willing to go even further, as it plans to release the open-weight version of its flagship model Muse Spark 1.2 in the coming weeks.

Call this a comeback, if you will, and Mark Zuckerberg's lengthy essay conveniently sets out the policy environment Meta wants for that to happen.

Take distillation, which allows an AI model to learn from the output of a stronger one. Zuckerberg argues that restricting it would hinder open-source development. There is truth to that, and Meta itself used the technique to transfer capabilities from Muse Spark into Glimmer.

But permissive rules would preserve Meta's ability to learn from any model it can observe. That matters for a company still trailing OpenAI and Anthropic. While there's no public evidence that Meta plans to distill OpenAI's or Anthropic's models, Zuckerberg's preferred policy would keep that route open.

His call for faster construction of energy infrastructure and data centers has the same dual character. Zuckerberg frames it as a national race: the US must build faster to maintain its lead over China. Yet faster approvals and more energy would also benefit Meta's own infrastructure ambitions, which include plans to sell excess compute capacity to AI companies, similar to xAI's playbook.

If adopted, Zuckerberg's proposals could benefit the open-source ecosystem and strengthen US competitiveness. They would also give Meta a leg up in the AI race.


TRENDING NEWS

1️⃣ Meta to unwind $2b Manus AI deal on China order

China-founded AI agent startup Manus is looking to operate independently once more in its Singapore headquarters after the Chinese government blocked Meta's acquisition of the firm in April. The deal was supposed to help Meta in developing AI products for enterprises.

2️⃣ General Catalyst leads $1.1b round for US startup River AI

River creates tools for developers and enterprises that help them train and fine-tune open-source AI models. The startup, which is founded by xAI co-founder Igor Babuschkin, raised funding from General Catalyst, Nvidia, AMD Ventures, Y Combinator, and Temasek.

3️⃣ Accel raises $3.5b to back early-stage global startups

The US$3.5 billion capital is allocated across four funds: a global expansion fund, a fund for the US and Europe, another for Israel, and one dedicated to India. All these funds will target early-stage startups.

4️⃣ South Korea plans $710m AI sovereign wealth fund

The sovereign wealth fund will invest in assets within and outside of South Korea. It's expected to back AI companies as well as players in adjacent sectors such as data centers, robotics, and energy.

5️⃣ Indian kids audio startup Wippi bags $1.2m seed round

Wippi develops an audio device that narrates children's stories, with the aim of entertaining kids with screen-free devices. With this new capital, the startup is looking to develop more original content and increase its reach across India.


PRESS PEEKS

The following press releases were published as they were received, without any editing from the Tech in Asia team. You, too, can publish your own press release on our site by simply filling out this form. Our team will get back to you by the next business day.

  • Nexxen - Nexxen Research Shows Japanese Brands Need More Than Consumer Trust to Grow Visibility in the U.S.: New report identifies visibility gaps to guide Japanese advertisers' U.S. growth strategies across a fragmented media environment
  • Sanggabiz - Sanggabiz Launches AI Initiative SanggaTech for Her to Empower MSMEs: Sanggabiz launches SanggaTech for Her, an AI initiative helping women-led MSMEs retain full control over their digital business systems.
  • Labor Mobility Partnerships - Call for Applications: Cross-Border Jobs Startup Competition, South & Southeast Asia: Call for applications for a startup competition

EVENTS HAPPENING

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This is your last chance to be in the room

This is your last chance to be in the room

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