In a significant development U.S.-headquartered digital currency exchange CrossTower has set up a local unit in India and has launched a trading platform to increase its traction in the burgeoning domestic crypto market. The development comes at a time when the fate of cryptocurrency is still unclear in India. CrossTower India has hired 35 people…
On Monday, Oliver Blume, the CEO of luxury sports car maker Porsche AG said, the carmaker is attracting huge demand for its all-electric coupe Taycan model, causing wait times to stretch to up to six months. “Our original production capacity for the Taycan was 20,000 units this year – we’ve sold that many in the…
On Friday, China’s Semiconductor Manufacturing International Corp said, it will invest $8.87 billion to build a chip plant in Shanghai. The development underscores Beijing’s efforts to boost its independence in the chip manufacturing sector. The development comes at a time when global chipmakers are struggling to fulfill orders from the electronics and automotive industries triggering new…
In a statement the CEO of global cryptocurrency exchange Binance said, its U.S. arm could potentially see an initial public offering in the next three years. “Binance.US is just going to do what Coinbase did,” said Zhao. He went on to add, Binance.US is set to close on a large private funding round in the…
On Wednesday, in a statement Royal Dutch Shell announced its plans to significantly expand its network of electric vehicle charging points in Britain. Shell plans on installing 50,000 on-street charging stations by 2025; it plans on implementing its plan through ubitricity, an on-street charging point company that it acquired earlier this year in February. Incidentally,…
Moderna has begun the first human trial of its experimental vaccine against Bundibugyo virus disease at a moment when the Democratic Republic of Congo is facing one of the fastest-growing Ebola outbreaks ever recorded. The trial is significant because the strain driving the outbreak has no licensed vaccine specifically approved against it, leaving health authorities…
Alibaba’s reported plan to seek revenue-sharing agreements from major commercial users of its next open-weight artificial intelligence model marks an important change in the economics of open AI. The company appears to be trying to preserve the rapid adoption created by freely available model weights while capturing part of the commercial value generated by businesses…
Airbnb’s decision to spend substantially more on artificial intelligence reflects a shift in the company’s technology strategy from experimentation to aggressive deployment. Chief Executive Brian Chesky has argued that the returns from artificial intelligence now outweigh the cost of running increasingly sophisticated systems, with the technology helping the company attract bookings, improve host tools, accelerate…
Artificial intelligence model distillation has emerged as one of the most contentious issues in the growing technology rivalry between the United States and China, transforming a long-established machine learning technique into a debate over intellectual property, commercial rights and national security. The dispute is not centred on whether model distillation itself is technically legitimate. Instead,…
European chemical companies have delivered stronger-than-expected quarterly results, but the latest earnings season suggests that improved profitability has been driven more by internal restructuring than by a broad recovery in market demand. Across the sector, companies have reported resilient earnings through aggressive cost reductions, operational restructuring and stronger performances in consumer-oriented businesses, even as industrial…
India’s leading e-commerce companies are increasingly shifting from discount-led competition towards loyalty-driven customer retention, with shopping platforms expanding their ecosystems beyond retail to include digital entertainment, financial services and everyday consumer benefits. Flipkart’s partnership with Netflix, which rewards eligible loyalty members with a mobile streaming subscription after meeting monthly shopping thresholds, reflects a broader transformation…
Apple’s weaker-than-expected revenue forecast has shifted investor attention away from quarterly earnings and towards a more fundamental question confronting the consumer technology industry: how the artificial intelligence infrastructure boom is reshaping global electronics supply chains. Despite reporting stronger-than-expected financial results and continued demand for flagship products, Apple warned that shortages of critical components are limiting…
The Indian government’s decision to summon Meta’s senior executives for a second time over the brief restriction of Prime Minister Narendra Modi’s Facebook post has evolved beyond a dispute over one social media error. Instead, it has reopened a wider debate over who ultimately controls political speech in India’s digital public square and whether social…
Adidas entered the latest reporting season with considerable momentum. The company had emerged as one of the biggest commercial beneficiaries of the FIFA World Cup, outfitting both finalists, recording exceptional merchandise sales and strengthening its global brand visibility through one of the largest sports marketing campaigns in its history. Revenue exceeded market expectations and management…
Artificial intelligence is rapidly becoming the first point of contact between consumers and online marketplaces, promising faster searches, personalised recommendations and more informed purchasing decisions. Yet the growing reliance on AI has also exposed a fundamental question about its role in consumer protection. If artificial intelligence can identify misleading product claims but those warnings never…
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