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…
Read More »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…
Read More »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…
Read More »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…
Read More »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…
Read More »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…
Read More »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…
Read More »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…
Read More »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…
Read More »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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