In order to focus more intently on its expansion in Asia, HSBC is considering leaving as many as 1 in 5 of the nations in which it currently has operations, Chief Financial Officer Georges Elhedery said in an interview which is his first after joining the position. Following pressure from Chinese shareholder Ping An Insurance (601318.SS),…
The rise of generative artificial intelligence (AI) is everything, everywhere, at once, according to Nvidia Corp. The stock of the chip designer increased by 25% on Thursday as a brilliant projection revealed that Wall Street has not yet priced in the AI potential of the business, which has already doubled in value by 2023. Nvidia…
According to a source with direct knowledge of the situation who spoke to Reuters, Indian company Ola Electric plans to list on the stock market by the end of 2023 and has hired domestic bank Kotak and investment bank Goldman Sachs to oversee the share sale. When Ola Electric raised its most money in 2022,…
Intel Corp. recently released a few more details about an AI computer processor it intends to release in 2025 as part of a strategic shift to compete with Advanced Micro Devices Inc. and Nvidia Corp. Intel said that their upcoming “Falcon Shores” chip will contain 288 gigabytes of memory and enable 8-bit floating point processing on…
The first global approach to regulating cryptoasset and digital markets was published by the international securities watchdog IOSCO on Tuesday, building on the lessons learned from the collapse of the FTX exchange last year, which stoked concerns about consumer safety. As different jurisdictions have their own regulations, the industry, which normally simply needs to comply…
Ryanair came very close to setting a full-year profit record in the year ending March 31. Despite fewer “fortunate” hedges on fuel costs, Ryanair is cautiously hopeful that strong summer demand would assure modest profit increase in the upcoming 12 months. The biggest airline in Europe in terms of passengers expects a 10% increase in…
Nvidia Corp. announced on Monday that it has collaborated with the University of Bristol in the UK to develop a new supercomputer that would compete with Intel Corp. and Advanced Micro Devices Inc. using a new Nvidia chip. The most popular manufacturer of graphics processing units (GPUs), which can be utilised to accelerate artificial intelligence…
On Thursday, shares of Nvidia Corp, Advanced Micro Devices, and Micron Technology offered the largest boosts to the semiconductor sector, which outperformed the overall market as investors sought ways to invest in artificial intelligence and Japan. Synopsys shares rose 8.7% after the chip design software company anticipated higher-than-expected third-quarter profit forecasts, citing growing usage of…
Twitter Inc claims that Microsoft Corp broke an agreement over the use of the social media company’s data, according to reports based on the information gathered from a letter. Elon Musk’s lawyer accused Microsoft of “unauthorised” use of Twitter data, including exchanging data with government agencies without authorisation in some situations. Musk’s lawyer, Alex Spiro,…
Tyre manufacturers are under pressure to almost literally reinvent the wheel as regulators focus on tyre pollution, which is expected to rise with the rise of electric vehicles (EVs) and threatens to undercut those vehicles’ green credentials. Tiny particles are abraded and released when tyres make contact with the road. Because of the additional weight…
business-gurus.com 