Tag: Business
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RBI proposes guidelines for banks to manage AI risks
MUMBAI, June 24 : India’s central bank has proposed rules requiring banks to strengthen oversight of risks tied to AI and machine-learning models, mandating board-approved policies, stronger controls and model inventories. The Reserve Bank of India said banks must put in place a board-approved risk management
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The global chip rout, Cerebras earnings, the PGA Tour’s next chapter and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
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Take-Two prices ‘Grand Theft Auto VI’ at $79.99, sticks to November 19 launch
June 24 : Take-Two Interactive Software on Wednesday priced “Grand Theft Auto VI” at $79.99 and stuck to its previously announced November 19 release date, bringing the industry’s most anticipated title closer to launch after multiple delays.The price makes “GTA VI” one of the most expensive base versions of
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Exclusive-Binance vows to stay in Europe despite licence setback
PARIS/BERLIN, June 24 : Crypto platform Binance intends to stay in the European Union and will make a fresh push for permission to operate there, a senior executive told Reuters, after its application under a new licence regime failed, threatening access for millions of users.”Binance is not leaving Europe,”
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Nissan to offer early retirement to some Japan admin staff, Nikkei says
(Corrects paragraph 2 to say not known, instead of now known)TOKYO, June 24 : Nissan Motor has decided to offer early retirement packages to some administrative staff in Japan, mainly at five locations including Oppama and Tochigi plants, as part of its global workforce reduction plan, Nikkei reported on Wed
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Qualcomm to buy AI startup Modular in $4 billion deal
June 24 : Qualcomm said on Wednesday it would buy AI startup Modular in an all-stock deal valued at nearly $4 billion, as the chipmaker looks to diversify beyond its core smartphone business.Buying Modular pits Qualcomm against CUDA, the software platform that has helped underpin Nvidia’s AI dominance by tyi
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Slate Auto says each $24,950 electric pickup truck will be profitable as it aims to be cash-flow positive next year
EV startup Slate Auto CEO Peter Faricy told CNBC that every vehicle the company produces will be gross margin positive.
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Stocks making the biggest moves premarket: Cerebras, Micron, FedEx, Wendy’s & more
These are the stocks posting the largest moves premarket.
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