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'Reasoning' AI will depend on cheaper computing, says Nvidia CEO Huang

Nvidia will set the stage for these advances by boosting its chip performance every year by two to three times, at the same level of cost and energy consumption, Huang said

Byju's founder denies fraud, says missing funds used for legitimate purpose

The company got the $1.2 billion loan nearly three years ago as it planned to use most of the proceeds on an international expansion, Raveendran claimed

Jindal abandons oil venture with Venezuela's crude producer PDVSA: Report

Jindal is exiting the deal under which it would have overseen one of Petroleos de Venezuela's key installations for producing and processing heavy-crude oil for export

Standard Chartered India CEO Zarin Daruwala to retire in April 2025

Daruwala, who is one of the two female heads of large foreign banks in the country, joined the lender in 2016 as CEO for India

RBI eases its hawkish stance, index addition to extend market bond rally

Indian bonds handed investors a gain of more than 8 per cent this year, thanks to about $16 billion of foreign inflows

Global emissions likely have peaked as renewable sources take hold

The cost of deploying solar panels and battery technology is due to drop by 19 per cent by 2030, helping deliver record amounts of low carbon power

OpenAI fires back at Elon Musk over 'altruism versus greed' lawsuit

Not quite two months after he abandoned his first suit against OpenAI, Musk filed a complaint in August claiming that co-founders Sam Altman and Greg Brockman manipulated him

Citi pushes back on NY's online fraud lawsuit, says we're not 'bad guys'

New York's lawsuit comes as consumers are losing billions to financial fraud to scammers using more advanced tools

Obesity medicines would cost US medicare $35 billion through 2034

Expanding coverage of weight-loss drugs like blockbusters from Eli Lilly & Co. and Novo Nordisk A/S would make 12.5 million more people in the US program eligible

Kamala Harris seizes on claims that Trump sent Putin Covid testing devices

The vice president said people were scrambling to get these kits during the pandemic

Boeing at risk of junk rating with S&P amid ongoing strike by workers

The credit grader estimated that Boeing will burn through about $10 billion of cash in 2024.

Byju's affiliate drained cash from US units, violating bankruptcy rules

Money that should be used to repay creditors was instead siphoned off to Whitehat Education Technology, a court-approved trustee for the affiliates said in court papers

GIC considering possible sale of 50% stake in Greenko Energy: Report

The Singaporean sovereign wealth fund is in initial discussions with financial advisers to help evaluate a full or partial sale of its holding in Greenko

OpenAI strikes deal with Hearst to bring more news content to ChatGPT

As part of the agreement, which was announced on Tuesday, Hearst will license content from Esquire, Cosmopolitan, Elle and more than 40 newspapers for use across OpenAI's products

RBI likely to lay ground for interest rate cut on easing of major economies

Governor Shaktikanta Das has so far dismissed calls for rate cuts, concerned that high food prices will prevent inflation from staying at the 4 per cent target level on a sustainable basis

Protests in Pakistan after govt raises taxes by 40% under IMF bailout

Prime Minister Shehbaz Sharif, whose coalition government has only been in power for seven months, is urging patience in a country that can no longer keep up

Cognizant engaged in discriminatory conduct against non-Indians: US jury

Cognizant had the highest number of H-1B visas of any US employer from 2013 to 2019, according to Citizenship and Immigration Services

China's stimulus package has EV makers talking 'best golden week' in years

With electric vehicles in China now comprising one-in-three new car sales in some parts of the country, many of those road trips were made in an EV, although government doesn't break out exact figures

RBI moves closer to interest rate cut after global easing kicks off

Since last rate decision, official data showed economic growth moderated to 6.7 per cent in the April-June quarter, below the RBI's projection of 7.1 per cent, while signs show soft urban consumption

Will weigh Ukraine's Nato membership at some later point, says Harris

Biden administration has so far said such an invitation would be a longer-term proposition that would require Ukraine to shore up its defense capabilities