Tag: Business
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TikTok and YouTube are reinventing sports viewership. Broadcasters are taking note
Leagues, teams and media networks are increasingly meeting younger fans on social media as platforms like TikTok, Roblox and YouTube capture most of their time.
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IndiaMART doubles down on AI to curb fake listings, improve buyer interaction
June 25 : IndiaMART, one of India’s largest online marketplaces, plans to double its spending on artificial intelligence tools every six months as it steps up efforts to curb fake listings and improve content checks, a senior executive said.The company connects buyers and sellers across a wide range of catego
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WhatsApp’s pick of Indian fintech founder signals scale of payment ambitions
MUMBAI, June 25 : Kunal Shah, an Indian fintech founder with no engineering degree or Silicon Valley pedigree, has spent two decades building businesses around digital payments and consumer behaviour in India.He now takes charge of Meta’s WhatsApp as the company looks to leverage the reach of the world’s larg
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Amazon, Microsoft cloud computing services should fall under EU tech rules, EU regulators say
BRUSSELS, June 25 : Amazon and Microsoft’s cloud computing services should be designated gatekeepers under EU rules aimed at reining in the power of Big Tech, EU antitrust regulators said on Thursday.Amazon Web Services and Microsoft Azure, the two largest cloud providers globally, should be designated gateke
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Micron stock jumps over 16% in premarket trading after blockbuster earnings
The company’s revenue more than quadrupled from $9.3 billion a year earlier to $41.46 billion, it reported on Wednesday
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Defense stocks slide again, as Germany’s naval U-turn shakes confidence in Europe’s rearmament boom
Rheinmetall and other European defense stocks fell for a second day, after Germany scrapped the F126 naval program, raising procurement concerns.
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Global chip stocks surge as blowout Micron results reignite AI rally
SEOUL/MILAN, June 25 : Global chip stocks surged on Thursday after Micron Technology’s blockbuster results reignited the AI-driven rally, lifting tech shares from Seoul to Frankfurt as investors grew more confident about persistent demand and tightening supply.Micron, a key supplier for Nvidia’s AI chipsets
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Kadokawa CEO’s support falls to 60% at AGM after activist campaign
TOKYO, June 25 : Kadokawa’s CEO Takeshi Natsuno suffered a sharp drop in shareholder support at the Japanese anime and gaming giant’s annual general meeting after an activist campaign to unseat him.While he retained his board seat at Wednesday’s AGM, shareholders voted only 59.68 per cent in favour of his re-
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Amazon to invest additional $13 billion in India cloud, AI
June 25 : Amazon said on Thursday it will invest an additional $13 billion by 2030 in India to expand its AI and cloud infrastructure.The new investment is in addition to its planned $35 billion funding announced last year, taking the e-commerce firm’s investment in the country to $48 billion through 2030.
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Air con and building efficiency stocks rally as Europe bakes in extreme heat
The latest heat wave has underscored the need for efficient technologies and adequate power supply to keep Europe cool.
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