Tag: Business
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Shares slip in Asia as oil jumps on Gulf attacks
SYDNEY, July 13 : Share markets slipped in Asia on Monday as fighting intensified in the Gulf and Iran claimed to have closed the vital Strait of Hormuz, sending oil prices surging and rekindling inflation risks globally. The dollar gained with bond yields as investors nudged up the chance of a hike in intere
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SK Hynix shares fall as much as 4.4% in Seoul after strong Nasdaq debut
SEOUL, July 13 : SK Hynix shares fell as much as 4.4 per cent in early trade on Monday after the world’s leading AI memory chipmaker surged 12.8 per cent in its Nasdaq debut on Friday, following a high-profile U.S. listing.The South Korean memory chip manufacturer raised more than $26 billion by selling Ameri
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Samsung Electronics to move up start of chip factory in Yongin to 2029, source says
SEOUL, July 13 : Samsung Electronics aims to bring forward operation of its chip fabrication site in the city of Yongin, south of Seoul, to 2029 from 2030-2031, as the chipmaker seeks to keep up with surging demand for memory chips used in AI infrastructure, a source told Reuters on Monday.Samsung did not imm
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Elon Musk and Sam Altman spar on X after Apple files OpenAI lawsuit
Sam Altman insisted that Elon Musk was again obsessed with him because of an OpenAI model release earlier this week.
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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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