Bloomberg
Bloomberg
Page 466 - Bloomberg
Microsoft betting $10 billion on viral AI bot ChatGPT, says report
ChatGPT has lit up the internet since launching at the end of November, gathering its first million users in less than a week
 "Microsoft betting $10 billion on viral AI bot ChatGPT, says report")
Apple plans to drop key Broadcom chip to use in-house design by 2025
Apple had been previously expected to replace the Qualcomm part as soon as this year, but development snags have pushed back the timeline
 "Apple plans to drop key Broadcom chip to use in-house design by 2025")
Manchester United, Liverpool may be buyout targets for Qatar fund
Manchester United shares have been on a strong run since last July when they were trading at only $10.41. They closed yesterday at $23.11
 "Manchester United, Liverpool may be buyout targets for Qatar fund")
Amazon plans to shut three UK warehouses; 1.2K likely to lose jobs
Amazon is adjusting to a slowdown in online shopping after consumers resumed their pre-pandemic retail habits
 "Amazon plans to shut three UK warehouses; 1.2K likely to lose jobs")
World Bank cuts 2023 economic growth forecasts, warns of global recession
Spillovers from a period of pronounced weakness in the US, China and the European Union are exacerbating other headwinds faced by poorer nations
 "World Bank cuts 2023 economic growth forecasts, warns of global recession")
Govt likely to consolidate fiscal deficit to 5.9% of GDP in FY24: Goldman
The government aims to shrink the gap to below 4.5% of GDP by 2025-26
 "Govt likely to consolidate fiscal deficit to 5.9% of GDP in FY24: Goldman")
Byju's seeks more time from lenders to renegotiate $1.2 billion debt
Byju's is scrambling to appease creditors and investors already concerned about mounting losses at the once high-flying startup
 "Byju's seeks more time from lenders to renegotiate $1.2 billion debt")
Insured losses hit $120 billion as extreme weather upends industry norms
Insured losses of more than $100 billion a year are the new normal. That's a major departure from industry norms of less than two decades ago
 "Insured losses hit $120 billion as extreme weather upends industry norms")
Tata-run iPhone plant to create opportunities in India, says TCS executive
The $128 billion Tata Group has been in talks for months with Apple Inc.'s Taiwanese supplier Wistron Corp
 "Tata-run iPhone plant to create opportunities in India, says TCS executive")
Prez Xi warns China officials to avoid 'collusion' with big business
He also warned against "any infiltration of capital into politics that undermines the political ecosystem or the environment for economic development"
 "Prez Xi warns China officials to avoid 'collusion' with big business")
UK is halfway through squeeze that will cut incomes by £2,000: Report
The findings add to a bleak outlook for UK households after inflation jumped to double digits
 "UK is halfway through squeeze that will cut incomes by £2,000: Report")
Goldman Sachs to cut about 3,200 jobs this week after cost review
The cuts also come a week before the bank's traditional year-end compensation discussions
 "Goldman Sachs to cut about 3,200 jobs this week after cost review")
Taiwan passes 'Chips Act', offers tax credits to local chipmakers
Governments from US to Seoul have been offering incentives for domestic chip production, in hopes of reducing a reliance on Taiwan for advanced semiconductors and avoiding future supply disruptions
 "Taiwan passes 'Chips Act', offers tax credits to local chipmakers")
Govt mulls lifting rice export curbs as supply improves, prices stabilise
India imposed a 20% duty on shipments of white and brown rice in September and banned broken rice sales abroad
 "Govt mulls lifting rice export curbs as supply improves, prices stabilise")
Cornwall channels Cape Canaveral with its first planned space flight
The flight, slated for Monday, involves a so-called horizontal launch, with a rocket deployed from beneath a modified Boeing Co. 747 jet departing from Newquay's former air force runway
 "Cornwall channels Cape Canaveral with its first planned space flight")
Cornwall channels Cape Canaveral with its first planned space flight
The flight, slated for Monday, involves a so-called horizontal launch, with a rocket deployed from beneath a modified Boeing Co. 747 jet departing from Newquay's former air force runway
iPhone exports from India doubled to surpass $2.5 billion in April-December
While India makes up just a fraction of iPhone output, rising exports bode well for Prime Minister Narendra Modi's plan to make the country an alternative to China as factory to the world
 "iPhone exports from India doubled to surpass $2.5 billion in April-December")
China, Pfizer hit deadlock over Paxlovid's price amid Covid-19 surge
Pfizer and the government agency that oversees the state medical insurance program failed to agree on a further cut on the price of Paxlovid
 "China, Pfizer hit deadlock over Paxlovid's price amid Covid-19 surge")
China chips ban: Why US wants S Korea, Japan and the Netherlands on board
The US rolled out sweeping measures in October to limit the sale of advanced semiconductors and chipmaking equipment to China
 "China chips ban: Why US wants S Korea, Japan and the Netherlands on board")
Twitter has a good chance of sliding slowly into irrelevance, like MySpace
Musk has little choice but to hurriedly monetize his new asset, unless he's to pay that debt out of his own pocket
 "Twitter has a good chance of sliding slowly into irrelevance, like MySpace")