Page 238 - Bloomberg/workspace/business Standard Web/undefined

Microsoft's concerns over Google's lead drove investment in OpenAI

The US Justice Department has argued that OpenAI's ChatGPT and other innovations may have been released years ago if Google hadn't monopolised search market

Binance founder Changpeng Zhao sentenced to four months in prison

Zhao pleaded guilty in November for failing to implement an adequate money laundering program at Binance

Ireland becomes second EU state with no women leading listed companies

Only 8% of CEO positions at the largest listed companies in the EU28 in 2023 were women

India needs 'hard reforms' to reach GDP growth of 7.5%, says HSBC

Prime Minister Narendra Modi - who is seeking a third term in elections that run until June 1 - has been campaigning on making India a developed nation by 2047

AI faces its 'Oppenheimer moment' during killer robot arms race

Spreading global conflict combined with financial incentives for companies to promote AI adds to the challenge of controlling killer robots, according to Jaan Tallinn

Google CEO Sundar Pichai nears billionaire status powered by AI boom

Pichai's net worth includes $424 million in current share holdings as well as roughly $600 million from share sales since he became CEO

Columbia University students occupy building as campus protests continue

The New York Police Department is on standby near Columbia's campus, with officers ready to respond if called upon by university officials

Samsung Electronics' profit surges after AI boom reverses its chip losses

The results underscore how demand for the memory chips that power modern electronics and artificial intelligence is starting to rebound after a severe downturn

With ETF demand cooling, Bitcoin faces worst month since FTX crash

The original cryptocurrency is down 14% in April, the most since it slumped 16% in November 2022. The US-ETF induced mania took Bitcoin to a record high of almost $74,000 in March

China's factory activity expands for 2nd month, shows sign of recovery

The factory gauge offers encouragement to Chinese policymakers who are relying on the country's industrial producers to offset weak domestic demand

Paramount Global CEO Bakish is out, replaced by trio of executives

Paramount reported first-quarter earnings that beat Wall Street estimates, buoyed by its broadcast of the Super Bowl in February and narrower losses from streaming

IMF boosts Asia's growth forecast to 4.5% this year on China, India

The latest data has taken into account the higher forecast for India published earlier this month and China's pace, on the back of expectations that government stimulus will boost growth

WeWork strikes new restructuring deal that spurns co-founder Adam Neumann

WeWork would be majority owned by Yardi, a provider of software for commercial and residential property owners, according to lawyers and a company statement issued after Monday's hearing

Tesla chief Elon Musk's fortune soars by most since before Twitter purchase

In the past five days, the world's third-richest person has gained $37.3 billion in net worth, according to the Bloomberg Billionaires Index

TikTok and Tesla show that US-China battle over data is just beginning

The US now appears to be moving away from an open internet with unrestricted data flows and towards selected fragmentation based on national security concerns

Tesla wins data security clearance after Musk's surprise visit to China

The data security tests included how a vehicle collects "sensitive personal information" and whether a driver can easily stop a car from collecting data

Amid Houthi attacks, Red Sea diversions spew emissions equal to 9 mn cars

The additional fuel burned has led to approximately an extra 13.6 million tons of CO2 emissions over the past four months - equivalent to the pollution of about 9 million cars

Motilal Oswal AMC's CIO bets on telecom stocks in tariff hike optimism

The likely tariff increase will help inject new life into a sector that has grappled with cut-throat competition and aggressive policy actions in recent years, said Niket Shah

Will Fed cut rates? What 60,000 headlines say about its next moves

Bloomberg Economics' Fed sentiment index - powered by a natural language processing algorithm based on more than 60,000 Fed headlines - shows that in December, Powell delivered a major pivot.

Azim Premji's family office to invest more money in AI to prop $10 bn fund

PremjiInvest, the largest Indian family office that manages over $10 billion for software tycoon Azim Premji, will invest more money into AI companies while fine-tuning its AI investment tools