Tag: fast
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Indian payments firms oppose one-click UPI checkout proposal, citing competition risks
MUMBAI, July 23 : Several Indian digital payments firms have opposed a proposal that would allow merchants to store customers’ preferred Unified Payments Interface option for one-click checkouts, arguing it could entrench the dominance of the bigger payment apps.In a July 23 letter reviewed by Reuters, the co
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India relaxes e-commerce investment rules for exports in win for Amazon
NEW DELHI, July 23 : India’s government on Thursday eased foreign investment rules to allow e-commerce companies to buy products directly from Indian sellers and then sell them to overseas customers, a major win for Amazon which lobbied for the change for months.For years, India has prohibited foreign e-comm
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Google rolls out new selfie video sign-in feature
July 23 : Google on Thursday launched a new selfie video sign-in feature, allowing users another option to log in to their accounts or recover them in case they are locked out due to forgotten passwords or lack of access to their preferred devices.The Alphabet-owned company will allow users to set up verific
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Mobileye beats estimates, hunts for CEO as founder departs
July 23 : Mobileye Global founder Amnon Shashua plans to step down as chief executive officer after the appointment of a successor, the autonomous driving technology maker said on Thursday, as it reported second-quarter results that topped Wall Street estimates. Mobileye said its board would hire an executive
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Blackstone beats profit estimates on AI gains as assets hit $1.35 trillion
July 23 : Blackstone’s second-quarter income rose to beat market expectations on Thursday, as the world’s largest alternative asset manager benefited from growing assets under management and reaping profits from a mammoth bet on artificial intelligence.The New York-based company said inflows in the quarter pu
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Infosys names insider Ashiss Kumar Dash next CEO, trims annual growth forecast
BENGALURU, July 23 : Infosys named company veteran Ashiss Kumar Dash as its next CEO on Thursday, tapping a three-decade insider to lead India’s No. 2 IT firm through an AI-driven upheaval reshaping the technology services industry.Dash, who heads the company’s energy vertical, will take over in April 2027 fo
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Saudi PIF’s $55 billion EA deal approved under EU merger rules
BRUSSELS, July 23 : A group of investors including Saudi Arabia’s Public Investment Fund has secured EU antitrust approval for its $55 billion acquisition of video game developer Electronic Arts, the European Commission said on Thursday.Saudi Arabia’s $1 trillion wealth fund, Jared Kushner’s Affinity Partners
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Musk proposes peer review for frontier AI models in Economist interview
July 23 : Elon Musk urged the world’s leading AI firms to conduct peer reviews of one another’s most advanced models before releasing them, The Economist reported on Thursday, as concerns grow over the rapid pace of the technology’s development and potential safety risks.The interview, which The Economist sai
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Short sellers notch $15.5 billion profit as SpaceX shares slip -Ortex
NEW YORK, July 23 : Short sellers targeting SpaceX shares are sitting on an estimated $15.5 billion in paper profit since the rockets-to-AI firm’s mid-June initial public offering, as its stock slipped below the IPO price, according to data through Tuesday from analytics firm Ortex Technologies.Short sellers
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