Page 456 - Bloomberg/workspace/business Standard Web/undefined

Google behind in AI race, open-source communities a threat: Senior engineer

"Real threat to Google is coming from open-source communities, where engineers are speedily advancing models that rival the quality of those at big tech companies, and can be made more cheaply"

Tim Cook sees India at 'tipping point' for Apple as China pivot quickens

"The dynamism in the market. The vibrancy is unbelievable," said Cook on Indian market for Apple

Apple's iPhone bounces back from slump, helping sales top estimates

The results suggest that Apple is beginning to recover from a slump that's plagued both the computer and smartphone industries

Khosla warns against slowing US AI research, cites China threat

Khosla believes that the country that dominates in AI will vastly increase its global influence

Adidas facing investor unrest after yeezy crisis along with poor sales

Adidas's shares plunged 64% through Nov. 3 of last year amid repeated profit warnings and personnel problems

China takes the yuan global in a bid to repel a weaponised dollar

Antagonism has flared between the two economic titans over issues ranging from trade and Taiwan to TikTok and technological know-how

Microsoft's Bing AI chatbot will let you post images, ask questions

Microsoft upended the search market in February when it unveiled a complete overhaul of Bing, incorporating OpenAI's ChatGPT, and offering the possibility of renewed competition in a market

UK antitrust watchdog launches review into the development of AI

Expansion in the capabilities of AI, seen in products like OpenAI's ChatGPT, has driven tech companies to accelerate investment into the sector

J&J, cancer victims ordered to start settlement talks in bankruptcy

A federal judge ordered a new round of settlement talks between Johnson & Johnson and lawyers who spurned the company's offer to pay $8.9 billion to end tens of thousands of cancer claims

China takes yuan global in bid to repel weaponised dollar's impact on money

Antagonism has flared between the two economic titans over issues ranging from trade and Taiwan to TikTok and technological know-how

EV ride-hailing startup BluSmart Mobility raises $42 mn from BP, others

Investors include BP Ventures, the investment arm of energy giant BP Plc that holds 20% equity

Pratt & Whitney's engine woes cost Go Air 47 years worth of flying time

Go Airlines was re-branded Go First ahead of a planned 36 billion rupee ($440 million) initial share sale last year

A torrid summer, rise in power demand risks stalling Asia's climate goals

It's the expectation of a torrid summer that has sent coal stockpiles in Asia's biggest economies soaring in recent months - and sooner or later, all that carbon is going to end up getting burned

Fierce war to bag AI talent shifts to India with salaries being doubled

An AI hiring frenzy is ricocheting around the world, from Silicon Valley to Europe, Asia and beyond

Siemens Energy weighs sale of electrical components maker Trench

Siemens Energy is analyzing how to improve the long-term profitability and competitiveness of its bushings, instrument transformers and coils business, according to a spokesperson

Twitter makes second interest payment on Elon Musk's buyout debt

Twitter, which no longer has a team handling media queries, didn't specifically respond to an emailed request for comment

Biden admin looks past India's rights record as China worries deepen

Rising concerns about China's growing assertiveness under Xi Jinping have helped drive the US and India even closer together

Goldman Sachs Group Inc names Kim Posnett as global head of TMT

Former TMT co-head Sam Britton will become a co-chairman of the unit, according to the memo. Britton's co-head Matt Gibson moved to a key role in asset management earlier this year

Bhutan plans $500-mn fund for cryptocurrency mining in the Himalayas

Forest-laden Bhutan, sandwiched between China and India, has a population of about 777,000 and has long sought to diversify an economy reliant on hydropower revenues

Airbus reports a drop in first-quarter profit, sales on slow deliveries

The world's largest planemaker has struggled to meet soaring demand for aircraft as travel rebounds from the Covid-19 pandemic