Smartphone sales to rebound on AI gains, Morgan Stanley says

[ad_1] Smartphone sales will mount a comeback starting in 2024, defying growing warnings of a prolonged slump across the mobile sector, according to separate projections by Goldman Sachs and Morgan…

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Prosus slashes valuation of India’s Byju’s below $3 billion

[ad_1] Investment giant Prosus has written down the valuation of edtech giant Byju’s to below $3 billion, marking a steep drop from the $22 billion valuation the Indian startup hit…

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Warren Buffett’s Berkshire Hathaway exits Paytm at a 40% loss

[ad_1] Berkshire Hathaway sold its shares in the Paytm-parent firm One97 Communications Friday, booking a loss of about 40% on the investment it made more than five years ago. The…

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India's IT Minister with executives from Meta, Google, Amazon and other companies

India seeks to regulate deepfakes amid ethical concerns

[ad_1] India is drafting rules to detect and limit the spread of deepfake content and other harmful AI media, a senior lawmaker said Thursday, following reports of proliferation of such…

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India’s anti-money laundering agency finds $1 billion violation at Byju’s

[ad_1] India’s Enforcement Directorate, its anti-money laundering agency, has found that Byju’s violated the nation’s foreign exchange law to the tune of $1.08 billion, a person familiar with the matter…

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Microsoft hires ex-OpenAI leaders Sam Altman and Greg Brockman to lead new AI team

[ad_1] Microsoft has hired OpenAI co-founders Sam Altman and Greg Brockman to head up a “new advanced AI research team,” the software conglomerate’s chief Satya Nadella said Monday, capping three…

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Greg Brockman quits OpenAI after abrupt firing of Sam Altman

[ad_1] OpenAI co-founder and president Greg Brockman has quit the firm, he said Friday, hours after the Microsoft-backed giant abruptly fired its chief executive Sam Altman and assured that Brockman…

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Bob Iger says Disney would like to stay in India amid Hotstar’s subscriber dip

[ad_1] Bob Iger said Wednesday that Disney “would like to stay” in India and is considering its options in the world’s most populous country even as its crown jewel streamer…

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Ontario Teachers’ fund backs Indian logistics unicorn Xpressbees in $80 million funding

[ad_1] Xpressbees, an Indian logistics firm that works with several e-commerce firms in the country, has raised $80 million in a new funding round led by Ontario Teachers’ late-stage venture…

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WeWork, once worth $47 billion, files for bankruptcy

[ad_1] Flexible-office-space firm WeWork has filed for Chapter 11 bankruptcy protection, a stunning change in fortune for the once high-flying startup co-founded by Adam Neumann and bankrolled by SoftBank, BlackRock…

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