Business
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After UK, India summit to pave the way for global framework on AI risks: MoS IT
New Delhi: After the successful AI Safety Summit in the UK, the Global Partnership on Artificial Intelligence (GPAI) in New Delhi next month will further deliberate upon the risks associated with artificial…
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New API lets brands create FB Stories directly from 3rd-party desktop, web apps
New Delhi: Meta has introduced a new “Facebook Stories API” (Application Programming Interface), which will allow developers, creators, and brands to create and share a Facebook Story directly from a third-party desktop…
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Amazon to close 2 clothing stores just 17 months after opening 1st outlet
San Francisco: Amazon has confirmed to close its two “Amazon Style clothing stores” in the US just 17 months after opening the first outlet, marking the latest shift in its physical retail…
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Zomato logs Rs 36 cr net profit in Q2, sales up 71% to Rs 2,848 cr
New Delhi: Online food delivery platform Zomato said on Friday that it registered Rs 36 crore as profit after tax (PAT) in the quarter ending September 30, as its revenues surged 71…
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Musk’s xAI to release its 1st AI product to select group this week
New Delhi: Tech billionaire Elon Musk on Friday said that its new artificial intelligence (AI) company called xAI will release its first AI to a select group this week. “Tomorrow, @xAI will…
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Starlink internet service no longer losing money: Elon Musk
San Francisco: Affordable space internet service Starlink is no longer losing money and has achieved breakeven cash flow, Elon Musk has announced. Last year, the SpaceX CEO had said that Starlink was…
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FTX’s Sam Bankman-Fried found guilty on all 7 counts
New York: Sam Bankman-Fried, co-founder and former CEO of collapsed crypto exchange FTX, has been found guilty on all seven counts related to fraud and money laundering. The US Attorney’s office at…
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Bank of England follows US Fed Reserve in pausing interest rate hike
London: The Bank of England (BoE) on Thursday left its key interest rate untouched at 5.25 percent, a day after the US Federal Reserve took the step to pause further hikes as…
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Uber, Lyft to pay USD 328 million to drivers in wage-theft settlement
New York: In a significant development, Uber and Lyft on Thursday agreed to pay a combined $328 million to settle charges that the ride-hailing platforms “unlawfully withheld wages from drivers”, and failed…
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SAP unveils new AI capabilities to skill developer community with genAI
Bengaluru: As generative AI begins to disrupt businesses of all sizes globally and in India, Cloud solutions major SAP on Thursday launched new AI capabilities and advancements for developers to build generative…
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Cybersecurity firm Splunk to cut 7% of staff ahead of Cisco acquisition
San Francisco: US-based cybersecurity company Splunk has announced to lay off about 7 per cent of its global workforce, just months ahead of its acquisition by global networking giant Cisco. According to…
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India-made iPhone shipments may grow 20% globally by 2024: Analyst
New Delhi: The India-made iPhone shipments will grow to 20 to 25 per cent globally by 2024, depending on market conditions, a leading analyst has said. According to Ming-Chi Kuo of TF…
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Markets jump in early trade after two days of fall
Mumbai: Equity benchmark indices rebounded nearly 1 per cent in early trade on Thursday after a two-day decline, following a rally in global markets amid the US Fed keeping rates unchanged. The…
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Dr Reddy’s named among top 20 employers in pharma globally
Hyderabad: Pharma major Dr. Reddy’s Laboratories Ltd on Wednesday announced that the prestigious Science Magazine has ranked the company among its list of top 20 employers in pharma, biotechnology, and biopharma for…
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Tata Steel slips into red; reports Rs 6,511 cr net loss in Sep quarter
New Delhi: Tata Steel on Wednesday reported a consolidated net loss of Rs 6,511.16 crore in the second quarter ended September. It had clocked Rs 1,297.06 crore net profit in the year-ago…
