Page 123 - Bloomberg/workspace/business Standard Web/undefined

Amazon, echoes rival Microsoft, says it can't keep up with AI demand

Amazon spent $26.3 billion in capital expenditures in the last three months of 2024, the vast majority of which went toward AI-related projects within AWS

Apple's long-awaited overhaul of iPhone SE to release in few days

The debut will mark a major shift for an oft-overlooked smartphone, which Apple first introduced in 2016 as an entry-level model

Morgan Stanley-led banks sell $5.5 billion of X debt on demand surge

The banks initially planned to sell about $3 billion worth of the loan but received enough interest to parcel out additional debt

Nissan Motor seeking new partners as deal with Honda set to collapse

The Japanese carmaker is looking for a partner that would ideally be from the technology sector and US-based

US set to unveil Trump plan to end three-year Russia-Ukraine conflict

The blueprint would be set out for allies by Trump's special representative for Ukraine and Russia, Keith Kellogg, the people said on condition of anonymity

Amazon Cloud needs to deliver after Microsoft, Alphabet miss estimates

Wall Street expects Amazon to have spent about $76 billion on capex in 2024, up from $53 billion the prior year. That's seen swelling to $86 billion in fiscal 2025

AstraZeneca reports better than expected profit on higher cancer drug sales

Earnings per share excluding some items surged to $2.09, Astra said Thursday, higher than the $2.04 estimated by analysts surveyed by Bloomberg

DeepSeek limits access to its AI model as demand strains capacity

In a posting on its website, the company said it suspended the ability of customers to top up their API credits to avoid any broader impact on their services

New RBI Governor Sanjay Malhotra expected to begin interest rate cuts

The governor is chairing an almost entirely new six-member monetary policy committee

World inflation at risk of rekindling with Donald Trump's trade war

In the US, a resilient labor market is keeping the Federal Reserve on alert as Trump's policies and threats drive bond yields higher

Delhi polls: How India's once-vaunted third party AAP has lost its shine

A decade of prioritising national ambitions over implementation has destroyed Kejriwal's chance of emerging as the progressive alternative to Modi

Google ends diversity hiring, says will no longer have 'aspirational goals'

Google said it was reviewing its programs and would no longer have aspirational goals tied to representation

Alphabet tumbles after slower growth in cloud business, missed estimates

Quarterly sales, excluding partner payouts, were $81.6 billion, Alphabet said Tuesday in a statement. Analysts had projected $82.8 billion

Trump calls for new nuclear deal immediately allowing Iran to 'prosper'

The US has long accused Tehran of using a decades-old civilian nuclear program to disguise ambitions to develop weapons, a claim repeatedly denied by Iran

Google removes weapons clause from AI principles amid ethical concerns

The change is part of a broader shift in policies among large technology companies. In January, Meta Platforms Inc. disbanded many of its diversity and inclusion efforts

Govt's cash deficit eases after RBI takes aggressive liquidity measures

The cash injection has also led to a decline in the weighted average call rate, which represents banks' overnight borrowing costs

Adani, Tata profit misses add to concern over stock market outlook

Citigroup Inc. and HSBC Holdings Plc are among banks that have cut profit forecasts as the latest earnings from some of India's top firms

CIA offers staff buyouts as Donald Trump looks to shrink workforce

As part of the offer sent to the workforce on February 4, employees could receive pay and benefits through Sept 30, without having to work

BlackRock planning to hire 1,200 people to expand 2 support hubs in India

BlackRock is also inheriting a so-called global capabilities center with roughly 1,500 staff in Bangalore through its proposed purchase of data firm Preqin

Donald Trump vows to close Department of Education, seeks Congress' help

Trump said that some of his advisers had said he could shutter the Education Department through an executive order, but that his preference was to work with Congress as well as teachers' unions