Tag: Business
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Analysis:Short-sellers to tread carefully as Musk’s SpaceX debuts
NEW YORK, June 9 : Short sellers beware: Elon Musk’s SpaceX IPO may be too hot to handle.On the face of it, the company is a natural target for short sellers – investors who sell borrowed shares to profit from a future slide in prices.With an estimated price-to-revenue multiple of 56, eye-popping even
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Apple failed to make its AI tool to comply to EU regulations, EU Commission says
BRUSSELS, June 9 : Apple decided not to roll out its new Siri AI tool in the European Union after it had unsuccessfully requested to be exempted of interoperability obligations for the tool, a spokesperson for the EU Commission said on Tuesday.”The decision not to roll out Siri AI in the EU is Apple’s and…
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India’s TCS chair says AI agents may equal headcount, dampen hiring
BENGALURU, June 9 : India’s largest software services exporter Tata Consultancy Services expects IT companies to slow down hiring, as the company moves towards having an equal number of employees and AI agents in its workforce, Chairman N Chandrasekaran said at the company’s annual general meeting on Tuesday.
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UK reviewing Palantir’s NHS contract amid pressure to use break clause
LONDON, June 9 : Britain is conducting a full review of its National Health Service contract with U.S. data analytics firm Palantir, amid growing political pressure for the government to use a break clause at the end of the initial term in early 2027.Technology minister Liz Kendall said on Tuesday the review
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AI agents could match human workforce in future, TCS Chairman Chandrasekaran says
BENGALURU, June 9 : Indian software services exporter Tata Consultancy Services expects IT companies to have an equal number of employees and AI agents in their workforce, Chairman N Chandrasekaran said at the annual general meeting on Tuesday. TCS does not plan to downsize staff, but will slow down hiring,
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Dollar eases as investors weigh Middle East hopes, rate outlook
June 9 : The U.S. dollar edged lower on Tuesday, as investors weighed hopes for a deal to reopen the Strait of Hormuz against expectations of higher U.S. interest rates following strong jobs data late last week.The U.S. economy is relatively insulated from energy shocks compared to other countries, which is o
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AI saves clinicians time but most lack training, survey finds
June 9 : AI is saving clinicians time, but the majority of healthcare professionals say training in the technology is inadequate, inconsistent or unavailable, a global survey by Philips showed on Tuesday.The study, Philips Future Health Index, was carried out through two quantitative surveys, one with 2,011
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French counter-drone startup Alta Ares raises €50 million
PARIS, June 8 : Alta Ares, a French startup focusing on counter-drone technology, said on Tuesday it had raised €50 million in its second funding round, helped by surging demand for air defence systems to combat the mass-produced drones playing a decisive role in Russia’s war in Ukraine.Alta Ares completed
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AI coding startup Cursor, courted by SpaceX, picks London as European hub
LONDON, June 9 : AI coding startup Cursor, which SpaceX has an option to buy for $60 billion, will open its European headquarters in London and hire some 200 staff, an executive told Reuters, as demand in the region grows for tools that automate software development.Elon Musk’s SpaceX, which is readying for a
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BOJ to consider pausing bond taper next fiscal year, sources say
TOKYO, June 9 : The Bank of Japan will consider maintaining the current pace of bond purchases beyond next fiscal year, sources said, pausing a taper process that would mark a turning point in its quantitative tightening (QT) plan.But the decision could be a close call as the nine-member board is seen as spli
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