Tag: Business
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India clears Dixon-Vivo JV for domestic smartphone manufacturing
July 9 : Dixon Technologies said on Thursday the Indian government had approved its joint venture with Chinese smartphone maker Vivo Mobile, clearing the way for the companies to set up a smartphone manufacturing company in India.• The joint venture will be owned 51 per cent by Dixon and 49 per ce
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Stocks making the biggest moves midday: Micron, Paramount Skydance, Mara Holdings, PepsiCo & more
These are the stocks posting the largest moves midday.
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Swift starts blockchain ledger with initial set of 16 banks
LONDON, July 9 : Global financial messaging network Swift launched a blockchain-based shared ledger on Thursday with an initial set of 16 banks including Citi and HSBC, as part of a push to enable round-the-clock payments and compete with the emerging stablecoin industry. Belgium-based Swift, which underpins th
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Italy privacy watchdog fines Character.AI owner over age-check failures
ROME, July 9 : Italy’s data protection authority fined Character Technologies, the U.S.-based owner of generative AI platform Character.AI, €158,000 ($180,500) for breaches of data protection rules, it said on Thursday in a statement. The service allows users, including minors, to chat with AI-generated vi
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AI selloff drives quant funds’ worst performance since August
LONDON, July 9 : Some hedge fund managers have in recent weeks posted their worst trading results in almost a year, as many got caught in crowded trades amid highly volatile markets, according to Goldman Sachs.Goldman said in a note dated Wednesday that systematic managers — sometimes called quant funds —
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Meta debuts Muse Spark 1.1 with preview open to developers
July 9 : Meta Platforms on Thursday released long-awaited developer access to its Muse Spark AI model alongside an upgraded version, pitting it directly against the business models of Anthropic and OpenAI in charging for use of its AI.The social media giant touted Muse Spark 1.1 as its most capable model for
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New York Times-led group asks court to sanction OpenAI in US copyright dispute
July 9 : A group of newspapers including the New York Times and New York Daily News asked a federal court in Manhattan on Thursday to sanction OpenAI in their high-stakes copyright dispute for allegedly lying to the court about its ability to search its systems for proof that it misused millions of their articles…
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Astronomers scrutinize exoplanet that survived the death of its star
WASHINGTON, July 9 : In about 5 billion years, our sun will begin its death throes by expanding in size and engulfing the innermost planets — possibly including Earth — before expelling its outer layers and forming a stellar remnant called a white dwarf. But the outer planets may carry on even after such trauma.
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Micron boosts US investment plan again, commits $250 billion through 2035
July 9 : Micron Technology said on Thursday it plans to invest more than $250 billion in the U.S. through 2035, driven by surging demand for memory chips in the AI era and President Donald Trump’s push to bolster domestic chip production.The new investment plan represents a jump from the $200 billion that Mic
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Coinbase restores prediction markets trading after technical issue
July 9 : Coinbase has restored prediction markets trading on its platform after users were unable to place trades, the company said in a status message on Thursday.The firm told Reuters that service has now resumed, without elaborating on what caused the issue.An earlier status message on the website n
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