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SeaX Ventures backs Onibi in strategic funding round to accelerate AI-powered RPG across Asia

Onibi, the game studio developing the AI-powered open-world multiplayer RPG Tomo: Endless Blue, has closed a strategic funding round led by SeaX Ventures and Pix Capital. The investment will be used to accelerate the title towards a full commercial launch, support studio expansion across Southeast Asia, and fund preparations for an upcoming Alpha release on Kickstarter.

The announcement follows a strong start to the studio’s crowdfunding campaign: Onibi exceeded US$100,000 on Kickstarter within 60 hours of launch, signalling early commercial momentum for the project.

Founded by Benjamin Devienne, Onibi is building what it describes as a new generation of open-world multiplayer games in which proprietary AI models generate unique villages, cultures, non-player characters, dialogue, quests, and stories for each individual player. Tomo: Endless Blue combines that AI-driven world generation with physics-based voxel systems, scalable multiplayer infrastructure, and creator tools.

The studio draws its development team from some of the most commercially successful titles in the industry, including Fortnite, League of Legends, Baldur’s Gate 3, Fall Guys, Grand Theft Auto, and World of Warcraft. The team’s collective experience spans multiplayer systems, live-service games, world-building, player engagement, and scalable game-technology infrastructure.

Also Read: The weavers of Bengal, my mother, and what to tell tomorrow’s graduates

Beyond its game-play ambitions, Onibi is positioning Tomo: Endless Blue as the foundation for a user-generated content platform where players can build their own RPG experiences with AI-assisted tools. The studio’s long-term goal is to allow players to move from a simple prompt to playable content — creating villages, stories, quests, and shared worlds — while reducing the technical barriers that typically separate players from game creation.

“Tomo: Endless Blue is built around infinite replayability: a world that keeps surprising players long after their first adventure,” said Benjamin Devienne, Co-founder and Chief Executive of Onibi. “By combining proprietary AI models, procedural generation, multiplayer systems, and UGC tools, we want every island, village, quest, and player-created experience to feel different. The backing of SeaX Ventures and Pix Capital helps us push that technology further, grow the Kickstarter community, and accelerate our strategy in Asia.”

SeaX Ventures, which led the round, cited Onibi’s combination of production credentials and its approach to AI-native game development as central to its investment thesis. Dr. Kid Parchariyanon, Founder and Managing Partner of SeaX Ventures, said the studio represented a rare convergence of world-class execution experience and original thinking about how games are made.

“AI-native game development is one of the most consequential frontiers in the broader deep-tech wave, and the team’s track record — across some of the most successful multiplayer franchises ever shipped — is exactly the kind of foundation this category requires,” Dr. Parchariyanon said. “We are delighted to back Onibi as it brings Tomo: Endless Blue to a global community of players and creators, with Asia at the centre of that strategy.”

Image Credit: Onibi

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US$1.3T wiped out: AI stock collapse signals Bitcoin’s next leg down?

The cryptocurrency market currently exhibits profound signs of structural weakness as we navigate the middle of 2026. Bitcoin cycles have historically experienced massive drawdowns from their respective peaks. Previous bear markets routinely erased between 60 per cent and 80 per cent of the total market value. This specific cycle reached its absolute peak around the US$126,000 mark in October 2025.

Applying a standard 65 per cent drawdown to that peak places the potential bottom precisely in the US$44,100 range. We must look at the historical precedent to understand this trajectory. The 2017 peak experienced an 85 per cent decline. The 2021 peak suffered a 75 per cent correction. The data clearly points toward diminishing percentage drawdowns with each successive cycle. A 65 per cent drop fits perfectly within this established mathematical pattern and aligns with a much deeper correction than most retail participants currently anticipate.

I view Bitcoin fundamentally as a tech stock plus. The entire tech sector currently operates under the direct influence of the AI narrative. When the AI sector experiences a downturn, the entire tech complex follows suit. Consequently, Bitcoin will inevitably dip severely when the underlying tech leaders falter. We witnessed this exact correlation materialise in early June 2026 when AI memory chip stocks took a massive hit overnight. The sell-off began on June 5 and continued with extreme volatility tracking into the second week of June. This single session erased over US$1.3 trillion in market value from the semiconductor sector alone. The sheer scale of this capital destruction underscores the fragility of the current tech rally and its direct impact on digital asset pricing.

The initial trigger for this massive tech slump originated from Broadcom reporting its Q2 2026 earnings. The company revealed that its AI networking revenue missed analyst expectations. This disappointment occurred despite the revenue growing an impressive 143 per cent year over year.

Also Read: SeaX Ventures backs Onibi in strategic funding round to accelerate AI-powered RPG across Asia

The market reacted violently to this slight miss because investors had priced in absolute perfection. Major memory manufacturers subsequently experienced severe declines. SK Hynix dropped 7.5 per cent on June 10. Samsung Electronics fell 6.1 per cent on the exact same day. Micron Technology faced the most brutal punishment. The stock experienced extreme volatility and dropped roughly 17 per cent over just two sessions following the initial negative news. The Philadelphia Semiconductor Index suffered a major single-session drop in many years. The index fell about 10 per cent in a single day, with analysts citing extreme valuation sensitivity and crowded trades as the primary reasons for the violent correction.

Tech stocks continued their downward slide into June 10 and June 11. Asian chip stocks and various AI memory names fell sharply as fears of a massive tech bubble intensified. We must understand why memory stocks took the heaviest punishment during this sell-off. Despite the extraordinarily high demand for AI High Bandwidth Memory, deep concerns emerged regarding a broader memory chip crisis.

Industry reports highlighted significant inventory buildups for legacy memory products. Investors also engaged in aggressive profit-taking. After an annual rally that pushed many memory stocks to unprecedented heights, market participants simply took the opportunity to lock in their massive gains. The combination of oversupply fears in legacy products and extreme profit taking created a perfect storm for the memory sector. Market participants recognise that legacy memory products face severe margin compression. This realisation forces institutional funds to reduce their exposure to the entire semiconductor complex. The resulting cascade of sell orders accelerates the downward price momentum across all related technology assets.

Some analysts maintain that the underlying demand fundamentals for artificial intelligence remain entirely robust despite this catastrophic sell-off. They point to continued high levels of infrastructure spending by major hyperscalers as evidence that the long-term thesis remains intact. The market cares more about immediate capital flows than long-term promises.

Also Read: The new founder skill is knowing what not to build

We also face a massive shift in capital allocation as big AI initial public offerings approach the market. SpaceX leads this upcoming wave of massive tech listings. This impending influx of new supply guarantees significant capital rotation from existing technology and crypto assets into these new public market opportunities. The market simply lacks the liquidity to sustain current valuations while simultaneously funding these massive new public debuts. Venture capitalists and retail investors alike will redirect their capital toward these fresh opportunities. This rotation ensures that existing digital assets and mature technology stocks will face persistent selling pressure throughout the remainder of the year. The liquidity drain will fundamentally alter the risk appetite across the entire financial ecosystem.

This macro tech weakness directly explains the current on-chain reality for Bitcoin. For the initial time in this specific cycle, more Bitcoin sits at an unrealised loss than in profit. The network currently holds roughly 10.5 million coins underwater against just 9.8 million coins in the green. This underwater crossover represents a critical technical inflexion point. Bitcoin currently tests its 200-week moving average near the US$61,300 level.

Every time this specific underwater crossover appeared in the past, the price landed deep in a bear market near a major cycle low. The community completely disagrees on the interpretation of this data. Some participants desperately believe a bottom forms right here. Others recognise the historical pattern and prepare for significantly more pain ahead. I look at all these converging data points and see a very clear picture.

The evidence overwhelmingly points away from a simple bottom formation. The market structure indicates we have much more downside to explore before reaching a true generational buying opportunity. We must respect the historical data and prepare for a prolonged period of capital destruction.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. You can also share your perspective by submitting an article, video, podcast, or infographic.

The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of e27.

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ShiftControl launches AI-native IT operations platform built for Google Workspace

Singapore-based IT automation startup ShiftControl has launched a next-generation IT operations platform designed to run natively on Google Workspace, the company announced at Echelon Singapore, the region’s flagship technology conference.

The platform is aimed at small and mid-sized businesses that rely on Google Workspace as their core operating environment but lack the dedicated IT resources to manage employee access across an expanding portfolio of cloud applications.

ShiftControl serves as an orchestration layer on top of Google Workspace, providing administrators with a unified view of every employee, their team assignments, and the applications they can access and actively use. From that dashboard, admins can automatically push or revoke access rights across all connected SaaS tools.

The company says the problem is acute for growing businesses. A typical 60-person company may run more than 40 separate SaaS subscriptions, frequently tracked by hand in spreadsheets and managed by a founder or operations lead rather than a trained administrator. Onboarding, offboarding and periodic access reviews are often manual, creating security exposure when departing employees retain access and wasted spend on licences no one uses.

The platform applies AI to surface unused licences, flag accounts that retain access after an employee leaves, and recommend access changes as roles shift. ShiftControl says businesses most commonly run into these problems as headcount approaches 40 to 50 people or the point at which informal, manual processes tend to break down.

Also Read: The weavers of Bengal, my mother, and what to tell tomorrow’s graduates

Co-founder Dan Gericke said legacy IT tools were not designed for how modern small- and mid-sized businesses operate. “The typical IT stack was designed for a different kind of company. It’s expensive, requires a large IT team to run and maintain, and it’s operating on old technology,” Gericke said.

“For a growing number of small and mid-sized businesses, those tools don’t work for them. They run on Google Workspace, they don’t have a full-blown IT team, and they expect their tools to be AI-native by default. We rebuilt our product for them.”

ShiftControl was founded by two former ExpressVPN executives who said they experienced firsthand the difficulties of scaling a modern tech business with the IT tooling currently available. The company’s stated mission is to make IT operations simple enough for any business to run without specialist staff.

Customers already using the platform include cybersecurity firm Blackpanda, mobility company GetGo and philanthropic organisation The Majurity Trust.

The company, founded in Singapore, now serves customers across London, Hong Kong and North America.

The launch positions ShiftControl within a competitive but growing market for identity and access management tools tailored to smaller organisations. The platform integrates with modern HRIS platforms to align employee lifecycle events with access changes, reducing operational overhead and security risk, a capability increasingly sought by lean operations teams managing IT responsibilities without formal training.

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AI doesn’t fail because it’s wrong — It fails because you overload it

Early-stage teams don’t lose to better-funded competitors. They lose to compounding drag. And right now, AI is introducing a new kind: the illusion of speed without systems.

Most conversations about AI in software development still fixate on accuracy: Is the model good enough? Is it hallucinating? Can it replace engineers?

But in practice, AI fails for a simpler reason: we ask it to do too much at once.

In a recent build, I discovered that the difference between chaotic, bug-prone output and clean, production-ready code wasn’t a better prompt. It was a better collaboration design.

When “working code” keeps breaking

The project started with a clear goal: building a better API client.

I described the vision to an AI coding assistant. It delivered quickly:

  • A clean three-panel layout
  • Resizable sections
  • Theme system
  • Modals and popups
  • Everything wired together in one file

At first glance, it worked.

Then the loop began: Fix one bug → two new bugs appear Add a feature → some previous feature disappears

The larger the system became, the less reliable or more regressive the output tended to.

At this point, many would be thinking: maybe this model just isn’t as good. Or maybe I needed a better prompt, refine it, structure it, turn R.I.C.E into super-R.I.C.E, COAST into super-COAST… or reach for yet another prompting framework.

The constraint most people miss

Instead of restarting or rewriting prompts, I asked differently, like a partner would: “You seem to make more mistakes as the system grows. How can I help?”

AI was surprised by my question, and its answer also surprised me, and reframed everything: “I don’t get tired. But I do get crowded. Think of me as a desk, put too many papers on it, and things start falling off.”

This is the reality most teams overlook: AI doesn’t run out of memory. It runs out of attention.

Push it past a certain line of tightly coupled logic, and state tracking fractures. What looks like inconsistency or hallucination is actually just attention dilution.

What looked like a model flaw was really a system constraint.

Also Read: AI as an audience: Welcome to the citation economy

From monoliths to components

Once that constraint became clear, the workflow changed immediately. Instead of asking, “Build the whole application,” the approach shifted to:

  • “Build the workspace switcher.” → Test it in isolation
  • “Now add the context menu.” → Test again
  • “Now integrate.”

The results weren’t marginal. They were immediate and measurable:

  • Verification time: Cut from five to 10 minutes to ~30 seconds
  • Iteration scope: Reduced from 800+ lines to 100-200
  • Bug rate: Swapped compounding errors for predictable, isolated fixes
  • Confidence: Shifted from declining to stable across cycles

This wasn’t just a coding tweak. It was a step change in reliability.

A simple pattern that scales

What emerged was a repeatable workflow—a way to build with AI that aligns with its strengths:

The component-first AI development pattern

  • Define the contract: What the component does, inputs, outputs
  • Build in isolation: Keep scope small and focused
  • Verify immediately: Short feedback loops
  • Fix locally: Avoid debugging inside a large system
  • Repeat per component: Maintain consistency
  • Compose at the end: Integrate only after validation

This pattern keeps AI within its working range—while giving humans tighter control over quality.

Why this matters for startups

For early-stage teams, this isn’t just a coding technique—it’s an operating model.

AI does accelerate execution. But the real leap comes from restructuring how work gets done.

Teams that treat AI like a monolithic generator (“build the whole feature”) will encounter compounding bugs, fragile systems, slower iteration over time, and an increase in salient technical debt due to the propensity to outsource deep thinking to machines.

Teams that design workflows around AI constraints unlock faster cycles, lower QA overhead, and the ability to ship with junior+AI teams without sacrificing reliability and hollowing out critical long-term competencies.

In lean environments, that translates directly to burn rate efficiency, hiring leverage, and faster time-to-market.

The advantage isn’t better prompts or bigger models. It’s good old systems thinking.

Also Read: The future is full of humans working with humans, AI systems and other technologies

Rethinking the human–AI relationship

This experience also changes how we should think about roles.

AI is not a perfect executor—work with it for some time, and you can see its mistakes.
In any case, it’s not a replacement for engineering judgment.
It’s probably closer to a high-speed collaborator with its own quirks and constraints.

That shifts the responsibilities:

  • The human defines structure, scope, and validation
  • The AI executes quickly within that structure

The human becomes the orchestrator—maintaining coherence as complexity grows.

Philosophy meets Programming

Once you realise this, the model of “DeepSeek-ing” changes.

The dynamic echoes an old idea: 道可道,非常道. The way that can be told is not the enduring way.

You can’t specify everything up front. Some meaning is always lost in translation.

Systems break when you try to out-constrain them. Because building with AI isn’t purely mechanical. It’s closer to a dance.

And most failures come from treating it like a machine. The real skill is finding the balance—the middle way between structure and emergence.

The real shift

The biggest insight isn’t technical. It’s a mindset shift.

Most teams try to push AI harder. The better approach is to design smarter around its limits.

The winners won’t be the best prompters. They would be the better system thinkers.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. You can also share your perspective by submitting an article, video, podcast, or infographic.

The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of e27.

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The illusion of safety: What happens when LLMs say the right things for wrong reasons

One of the most misleading moments in AI deployment is when the model sounds exactly as it should.

It uses careful language. It gives balanced caveats. It avoids prohibited phrasing. It appears measured, compliant, and responsible. The tone feels safe enough for internal rollout and polished enough for senior stakeholders to relax. At that point, many organisations conclude that the safety question is largely under control.

That is often where the real danger begins.

A model can produce the right answer in form while arriving there through the wrong internal logic. It can sound cautious without being grounded. It can refuse in the right places for superficial pattern reasons rather than because the system is reliably distinguishing safe from unsafe use. It can generate a persuasive explanation that resembles judgment without containing much of it. From the outside, the output looks safe. In practice, the organisation may be mistaking behavioural polish for actual control.

This is the illusion of safety. It appears when institutions start reading surface alignment as structural alignment. That distinction matters more than most current deployment models admit.

Safety is not the same as acceptable language

A great deal of current AI governance still treats safety as an output problem. If the model does not produce certain kinds of harmful content, if it uses appropriate tone, if it adds the right warnings, if it avoids obvious policy breaches, then the system begins to look governable.

That view is too shallow.

Safety is not only about what the model says. It is about whether the model’s behaviour remains dependable when context becomes messy, incentives become conflicting, or users push into edge cases that were never cleanly anticipated. A model that says the right thing because it has learned the stylistic shape of acceptable answers is very different from a system that behaves reliably because the organisation has designed the surrounding operating conditions well.

The problem is that these two states can look very similar at the output layer.

The wrong reason can still produce the right answer

Large language models do not need stable, principled internal reasoning in order to produce text that appears careful, intelligent, or safe. They can arrive at a good-looking answer by patterning against the language of caution, policy, balance, or refusal. That does not mean the behaviour will remain reliable when the context shifts. It only means the model has learned what a safe response usually sounds like.

Also Read: Red team with red flags: What happens when your LLMs outsmart your safety nets

This matters because organisations tend to judge safety through visible behaviour rather than through causal confidence. If the system regularly produces sensible-sounding outputs, the institution starts treating it as though it is operating on sound judgment. But the output may be the product of linguistic mimicry rather than robust behavioural control.

That gap becomes especially serious in business settings where plausible language is enough to move decisions forward. The model does not need to be correct in a deep sense. It only needs to be convincing enough, measured enough, and internally acceptable enough to reduce challenge.

Once that happens, the organisation is no longer being protected by safety. It is being comforted by style.

The most dangerous model is often the one that knows how to sound governable

There is a reason this problem matters so much in enterprise deployment.

Institutions are not merely asking whether a model is helpful. They are asking whether it can be trusted inside workflows that carry financial, legal, operational, reputational, or customer consequences. In that environment, the model that sounds responsible can become more influential than the model that is merely capable.

This is where an especially subtle failure mode appears.

A model begins to produce the language of governance. It sounds audit-friendly. It sounds risk-aware. It sounds balanced, cautious, and institutionally literate. It includes the sorts of statements compliance teams like seeing and executives find reassuring. But underneath that surface, it may still be working from weak signals, shallow correlations, or brittle pattern recognition that does not survive pressure.

The organisation then makes a serious mistake. It begins to trust not just the output, but the tone of the output as evidence of safety maturity.

That is not control. It is aesthetic reassurance.

Saying the right thing can still mean understanding the wrong thing

When an LLM says the right thing for the wrong reasons, the problem is not simply that the answer might fail later. The problem is that the organisation has very little clarity on what the model is actually tracking when it behaves well. Is it recognising a real safety boundary? Is it following a pattern that resembles safe language? Is it responding to token cues that happen to correlate with good outputs in training? Is it generating a plausible refusal while still leaving the dangerous intent intact in another form?

These are different conditions, and they matter enormously once the system is placed inside real institutions.

A company cannot build serious governance around mere output resemblance. It needs some confidence that the system’s behaviour is stable across reformulation, sequence effects, contextual pressure, and adjacent use cases. If that confidence does not exist, then what looks like safe behaviour may only be a temporary correlation.

Also Read: Psychological safety and the art of purging

The sharper failure is not misinformation — it is misplaced confidence

There is a tendency to describe LLM risk mainly in terms of false content. Hallucinations, fabricated claims, wrong facts, misleading advice. Those matters, but for many organisations, the more serious issue is confidence distortion.

A model that sounds careful can alter the organisation’s confidence in a decision even when the underlying reasoning is weak. It can make incomplete work appear complete. It can make fragile analysis feel balanced. It can give users permission to move faster than they should because the language carries the emotional weight of judgment. In that setting, the real failure is not merely that the model was wrong. It is that the model changed the threshold at which humans felt comfortable proceeding.

This is why polished caution can be more dangerous than obvious overreach.

If the model speaks recklessly, people stay alert. If it speaks in the calm tone of institutional competence, people often become less demanding at exactly the point where scrutiny matters most.

The result is a form of decision inflation. Language that resembles responsibility starts being mistaken for responsibility itself.

LLM safety becomes harder once the institution starts reading tone as evidence

This is especially visible in sectors like banking, cybersecurity, legal operations, enterprise support, compliance, and internal decision support.

In these environments, the model’s tone matters because tone affects whether people feel an output is ready for action. A measured answer can reduce resistance, accelerate circulation, and lower the instinct to seek a second view. That would be fine if the tone reliably tracked genuine robustness. Often it does not. That is the illusion of safety in institutional form.

The system begins to pass because it has learned the language of responsible conduct, while the people around it stop demanding proof that the conduct is truly responsible under stress.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. You can also share your perspective by submitting an article, video, podcast, or infographic.

The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of e27.

Join us on WhatsAppInstagramFacebookX, and LinkedIn to stay connected.

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