Page 354 - Bloomberg

Nvidia CEO Huang dispels fears of semiconductor chip shortage amid AI boom

Though Nvidia didn't give long-term projections Wednesday, Huang said that supply will "substantially increase for the rest of this year and next year

Nvidia Corp soars as insatiable demand for AI fuels blowout forecast

The shares soared more than 6% in extended trading after Nvidia said sales will be about $16 billion in the three months ending in October

Yevgeny Prigozhin presumed dead: What lies ahead for Wagner Group?

Founded by Prigozhin in 2014, Wagner is a private military company that supported Kremlin objectives on battlefields in Ukraine, the Middle East, Latin America and Africa

JPMorgan wins court ruling that leveraged loans are not securities

The decision Thursday by the Second Circuit US Court of Appeals in Manhattan came in a securities fraud lawsuit brought by a trustee for note purchasers in a 2014 syndicated loan deal

OnlyFans owner Radvinsky got $338 mn in dividend as 2022 profit soared

OnlyFans posted profit of $403.7 million in the year ending Nov. 30, up 24% from the previous year, its parent company Fenix International Ltd. said in a report published on Thursday

Google chucks away bad reviews of tracker exposing Uyghur forced labor

The Human Rights Foundation's Uyghur Forced Labor Checker had been experiencing a spate of unusual activity in recent months

Putin expresses 'condolences' over Wagner's Prigozhin plane crash

He described those on board as people "who greatly contributed" to fighting in Ukraine

Adani Group touts enough cash, profit to service debts in coming decade

In a credit report released Thursday, the power-to-port conglomerate said its cash flow generated from business operation and balances stood at 778.9 billion rupees ($9.4 billion) by the end of March

Tech giants powering deepfake AI algorithms used in porn industry: Report

During the recent AI boom, the creation of nonconsensual pornographic deepfakes has surged, with the number of videos increasing ninefold since 2019

Adani Group touts enough cash, profit to service debts in coming decade

In a credit report released Thursday, the power-to-port conglomerate said its cash flow generated from business operation and balances stood at 778.9 billion rupees ($9.4 billion) by the end of March

Chandrayaan-3 has landed on the Moon, but where are India Inc's moonshots?

The 12-fold jump in India's national income in dollar terms over the past three decades has been largely a product of labour-cost advantage over the West

Boeing discovers new 737 Max defect, threatening its delivery target

The latest issue for Boeing's cash-cow jet isn't a safety threat, the Federal Aviation Administration said Wednesday

Vedanta pledges to pay $250 mn to Zambia creditors before retaking mine

The plan to pay all creditors is "to make sure I win the hearts of the people," billionaire Agarwal said in an interview at Bloomberg's Johannesburg office. "Money will never be a constraint"

US new-home sales rise to highest in over a yr due to limited resale market

The data showed there were 437,000 homes for sale as of the end of last month. That represents 7.3 months of supply at the current sales rate, matching the lowest since early 2022

In a first, Morgan Stanley fined for UK Energy trading WhatsApp breach

The fine is the first issued by Ofgem under legal requirements to archive communications linked to wholesale energy trading, the regulator said

US payrolls likely 306,000 lower through march than previously estimated

The number of workers on payrolls will likely be revised down by 306,000 for March of this year, according to the Bureau of Labor Statistics' preliminary benchmark revision projection

UBS poised to keep Credit Suisse's domestic bank business, drop brand

The Zurich-based lender has set a target of winding down the Credit Suisse brand in the country, people familiar with the matter said

Jefferies Financial is hiring 10 investment bankers to expand India team

Jefferies has been increasing its presence in Asia Pacific, seeking to leverage its stronger position as an advisory firm in other markets such as the US and Europe

Can Oxford and Cambridge save Harvard from AI's educational Armageddon

What can be done to avoid a future in which AI institutionalises cheating and robs education of any real content? This question is stirring an anxious debate in the university world

Fanuc Corp's road to redemption runs through India and the US Fed

India is looking hot, though. Revenue growth at its wholly owned Fanuc India Private Ltd. doubled over the past two years, according to data filed with the Ministry of Corporate Affairs