Tag: Business
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India’s Tata Consultancy Services plans up to 8,900 AI deployment engineers, seeks AI acquisitions
BENGALURU, July 12 : Tata Consultancy Services is building a team of up to 8,900 forward-deployed engineers and hunting for AI acquisitions as it bets artificial intelligence will create new business rather than undermine outsourcing, two TCS executives told Reuters.The strategy emerges amid investor concern
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Japan to push its massive pension fund to boost alternative investments, Nikkei says
TOKYO, July 12 : Japan aims to raise the ratio of unlisted shares, real estate and other alternative investments in the portfolio of the Government Pension Investment Fund, the world’s largest pension fund, the Nikkei said on Sunday.Finance Minister Satsuki Katayama, who has been trying to boost the weak yen,
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A tiny GLP-1 implant is the latest bet to help patients maintain their weight loss
Vivani Medical is developing an implant of semaglutide, the active ingredient in Novo Nordisk’s obesity injection Wegovy and diabetes counterpart Ozempic.
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AstraZeneca’s trial flop raises a bigger question: Is its pipeline premium becoming more vulnerable?
For years, AstraZeneca has commanded one of the richest valuations among large European pharma companies on the assumption that it consistently delivers results.
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Meta scraps AI image feature days after launch following privacy backlash
July 10 : Meta said on Friday it is discontinuing an AI feature launched this week that allowed users to generate images using public Instagram accounts, after drawing widespread criticism over privacy concerns, including from a Hollywood union.”Our intent was to provide a useful creative tool and to give peo
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Meta discontinues AI image feature days after launch
July 10 : Meta said on Friday it is discontinuing an AI feature that allowed users to generate images using public Instagram accounts, days after rolling out the feature.”Our intent was to provide a useful creative tool and to give people control over whether their public content could be referenced in this w
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Wall Street climbs, oil slides as investors bet on AI growth over Middle East tensions
WASHINGTON, July 10 : Stocks climbed and oil prices slipped somewhat as investors retained AI-related enthusiasm and shrugged off the ongoing dispute between the U.S. and Iran.All three major U.S. indices ended the day higher Friday, with the Dow Jones Industrial Average rising 0.29 per cent, the S&P 500 clim
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Apple sues OpenAI, two former employees for trade secrets theft
July 10 : Apple on Friday sued OpenAI and two former employees, alleging misappropriation of its trade secrets to benefit the ChatGPT-owner’s foray into consumer hardware, in a dramatic escalation of already simmering tension between the two companies.The complaint, filed in the U.S. District Court for the No
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Apple sues OpenAI alleging trade secret theft, says scheme was ‘at every level’
The two companies entered into a high-profile partnership in 2024 when ChatGPT was integrated into the iPhone’s operating system.
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SK Hynix CEO sees worst memory shortage in 2027, demand to outstrip supply beyond 2030
SEOUL/NEW YORK, July 10 : SK Hynix Chief Executive Kwak Noh-jung said the global memory industry is heading for its worst-ever supply shortage in 2027, forecasting that demand for memory will continue to exceed the company’s ability to produce it well into the next decade despite aggressive capacity expansion.
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