Financial Product

Taiwan Semiconductor Manufacturing Co (TSMC) has informed Chinese chip design firms that it is halting production of their most sophisticated AI chips starting November 11, according to a Financial Times report. The chipmaker informed its Chinese clients that it will not produce AI chips on advanced process nodes of 7nm or less, as per the report.

JPMorgan has rebranded its blockchain unit, originally known as ‘Onyx,’ to ‘Kinexys,’ reflecting its strategic vision for Web3 adoption. The rebranding introduces a suite of new financial products and services, placing blockchain technology at the core of its offerings.

Lords of the Fallen 2 is at full production stage and will be revealed next year. The action-RPG is still targeting a 2026 launch, publisher CI Games revealed in its latest financial report.

The fourth Witcher game, codenamed Project Polaris, is set to enter production soon, developer CD Projekt Red confirmed Wednesday. In a statement detailing its earnings in the first half of the financial year, the studio said it was about to conclude pre-production on the title.

Tech giant Apple on Monday named insider Kevan Parekh as its chief financial officer, replacing company veteran Luca Maestri who will transition from the role on Jan. 1, 2025.

The report highlighted multiple drivers that led to the rapid growth of the industry, including rising disposable income, an improving mix for regular wear of jewellery and enhanced product offerings.

JioFinance was launched on Thursday in beta form by Jio Financial Services. The newly announced JioFinance platform offers a range of digital banking services, including UPI transactions, bill payments, and insurance advisory in a single app. Future updates will expand loan solutions, beginning with loans on mutual funds and gradually introducin...

Factors like retail credit push by banks and a greater appetite for borrowings have resulted in a rising proclivity for debt among the households, the CRISIL report said.

OpenAI Chief Executive Sam Altman has hosted hundreds of Fortune 500 company executives in San Francisco, New York and London this month where he and other OpenAI executives pitched AI services for corporate use, going head-to-head in some cases with financial backer Microsoft, attendees told Reuters.

Since the introduction of Lightning port more than a decade ago, Apple has earned tens of millions of dollars per quarter, according to a Bloomberg report.

OpenAI said on Wednesday it had acquired digital products company Global Illumination, in what comes as the first known acquisition by the storied artificial intelligence firm. Financial details of the deal were not disclosed.

Adani Wilmar Limited, the FMCG giant, recorded a 25 per cent volume growth in the first quarter of the financial year 2023-2024

The Associated Press is licensing a part its archive of news stories to OpenAI under a deal that will explore generative AI's use in news, the companies said on Thursday, a move that could set the precedent for similar partnerships between the industries. The news publisher will gain access to OpenAI's technology and product expertise as part of t...

India's first semiconductor assembly plant by Micron Technology would start construction in August in Gujarat, says a report by Financial Times. The country aims to make its first domestically manufactured microchips by the end of 2024.

Apple has been forced to make major cuts to production forecasts for its augmented-reality headset Vision Pro launched last month, the Financial Times reported on Monday, citing multiple people with direct knowledge of the manufacturing process.

Taiwan Semiconductor Manufacturing Co (TSMC) has informed Chinese chip design firms that it is halting production of their most sophisticated AI chips starting November 11, according to a Financial Times report. The chipmaker informed its Chinese clients that it will not produce AI chips on advanced process nodes of 7nm or less, as per the report.

JPMorgan has rebranded its blockchain unit, originally known as ‘Onyx,’ to ‘Kinexys,’ reflecting its strategic vision for Web3 adoption. The rebranding introduces a suite of new financial products and services, placing blockchain technology at the core of its offerings.

Lords of the Fallen 2 is at full production stage and will be revealed next year. The action-RPG is still targeting a 2026 launch, publisher CI Games revealed in its latest financial report.

The fourth Witcher game, codenamed Project Polaris, is set to enter production soon, developer CD Projekt Red confirmed Wednesday. In a statement detailing its earnings in the first half of the financial year, the studio said it was about to conclude pre-production on the title.

Tech giant Apple on Monday named insider Kevan Parekh as its chief financial officer, replacing company veteran Luca Maestri who will transition from the role on Jan. 1, 2025.

The report highlighted multiple drivers that led to the rapid growth of the industry, including rising disposable income, an improving mix for regular wear of jewellery and enhanced product offerings.

JioFinance was launched on Thursday in beta form by Jio Financial Services. The newly announced JioFinance platform offers a range of digital banking services, including UPI transactions, bill payments, and insurance advisory in a single app. Future updates will expand loan solutions, beginning with loans on mutual funds and gradually introducin...

Factors like retail credit push by banks and a greater appetite for borrowings have resulted in a rising proclivity for debt among the households, the CRISIL report said.

OpenAI Chief Executive Sam Altman has hosted hundreds of Fortune 500 company executives in San Francisco, New York and London this month where he and other OpenAI executives pitched AI services for corporate use, going head-to-head in some cases with financial backer Microsoft, attendees told Reuters.

Since the introduction of Lightning port more than a decade ago, Apple has earned tens of millions of dollars per quarter, according to a Bloomberg report.

OpenAI said on Wednesday it had acquired digital products company Global Illumination, in what comes as the first known acquisition by the storied artificial intelligence firm. Financial details of the deal were not disclosed.

Adani Wilmar Limited, the FMCG giant, recorded a 25 per cent volume growth in the first quarter of the financial year 2023-2024

The Associated Press is licensing a part its archive of news stories to OpenAI under a deal that will explore generative AI's use in news, the companies said on Thursday, a move that could set the precedent for similar partnerships between the industries. The news publisher will gain access to OpenAI's technology and product expertise as part of t...

India's first semiconductor assembly plant by Micron Technology would start construction in August in Gujarat, says a report by Financial Times. The country aims to make its first domestically manufactured microchips by the end of 2024.

Apple has been forced to make major cuts to production forecasts for its augmented-reality headset Vision Pro launched last month, the Financial Times reported on Monday, citing multiple people with direct knowledge of the manufacturing process.