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Judge Denies Musk's Bid to Halt OpenAI's For-Profit Shift, Fast Tracks Trial
A US judge has denied Elon Musk's request seeking to pause OpenAI's transition to a for-profit model. Musk does not have "the high burden required for a preliminary injunction" to block the conversion of OpenAI, said US District Judge Yvonne Gonzalez Rogers in Oakland, California.
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Toyota Aims to Open Its Futuristic City in Japan This Year
Toyota Motor Corp. plans to move in the first 100 residents of a futuristic city at the base of Mount Fuji in Japan this year. A key part of Toyota’s broader Woven initiative is a new software platform and vehicle operating system it calls Arene, which is designed to speed up car development and lower costs.
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Shift Up Says Its Considering Launching Stellar Blade on PC in 2025
Stellar Blade, the action-adventure title from Korean studio Shift Up, is being considered for a PC launch in 2025, the developer said in its latest financial earnings report on Tuesday. The game launched exclusively on PS5 in April and sold over a million copies as of June.
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Intel Sells Stake in Chip Designer Arm Holdings
Intel, which is cutting thousands of jobs as it struggles to stay relevant in the chip industry, sold its 1.18 million share stake in British chip firm Arm Holdings in the second quarter, a regulatory filing showed on Tuesday.
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Opinion | Don't Catch a Falling Knife: Message From The Market Correction
Until there is more clarity on positive developments or limited negative outcomes, investors may be better off booking some profits on their equity investments. As the adage goes, "Don't try to catch a falling knife".
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Adani Ports And SEZ Gets AAA Rating - India's 1st In Private Infra Development Space
Adani Ports and Special Economic Zone Limited (APSEZ), one of the largest profit contributors for the Adani Group, has been upgraded to AAA rating by Care Ratings.
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Reddit, Jack Dorsey’s Block Reveal Crypto Investment Details as Tech Firms Begin Experimenting With Web3
Social networking platform Reddit and Jack Dorsey’s fintech firm Block are two names that have recently disclosed information related to their BTC holdings and investments, which yielded profits for both.
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Amazon Devices Unit Morale Suffers Amid Staff Cuts, Shaky Development Pipeline
Some workers within Amazon’s once-storied hardware division – responsible for popular devices like the Kindle reader and Echo voice-assistant – say morale within the division has suffered amid staff cutbacks and a pipeline of devices in development that they fear are unlikely to prove hits.
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Alphabet Rides Cloud Demand, Ad Sales to Record $74.6 Billion Quarterly Revenue, CFO to Take New Role
Alphabet's second-quarter profit exceeded Wall Street expectations on Tuesday and the Google parent announced that its long-time CFO, Ruth Porat, would assume a new role while the company sought a new finance chief.
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Crypto Market Watch: Bitcoin, Ether Collect Profits After Days of Laying Low, Most Altcoins Follow Suit
The overall crypto market rose by 6.80 percent in the last 24 hours. While Bitcoin value rose by over three percent to trade at $31,458 (roughly Rs. 25,7 lakh), Ether crossed the mark of $2,000 (roughly Rs. 1.63 lakh) for the first time in months. The development comes after the CPI data released earlier this week indicated at the lowest inflation ...
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Crypto Market Watch: Bitcoin, Ether Carry Recovered Prices Into June End Amid Market Volatility
The valuation of the overall crypto market slipped by 0.84 percent. While Bitcoin stepped into the trading arena with a small loss on Monday, June 26, Ether managed to retain profits. The last weekend of the month did bring some positive developments to the crypto industry. The SEC, for instance, approved the launch of the first leveraged Bitcoin F...
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Big Tech Investors to Scrutinise Profits After Industry-Wide Layoffs, Firms to Highlight AI as Growth Driver
Big Tech investors are set to scrutinise how much impact cost cutting, including layoffs, have had on technology giants like Microsoft, Google parent Alphabet, Instagram owner Meta and Amazon. Meanwhile, companies are expected to focus on pitching artificial intelligence (AI) as the next growth driver for the industry.
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What Ancient Hindu, Jain Wisdom Can Teach Businesses About Sustainable Finance
The world of business tends to prioritise concepts of profit maximisation, economies of scale and importance of shareholder value. As the industry has developed over centuries, these concepts have become deeply embedded in global financial systems.
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Chinese EV Maker Nio To Make Self-Developed Battery Packs From 2024
Nio said that it will start making high-voltage battery packs that it has developed itself in 2024, as part of a drive to improve profitability and competitiveness to take on rivals such as Tesla.
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Twitter’s Woke Ideology Doesn’t Make Profit, Company Puts ‘Correct’ Views in Front of People: Secret Recording
In another part of undercover recording released by American far-right activist group Project Veritas, Twitter employee Alex Martinez can be seen criticising company’s woke ideology, while alleging that the company puts the "correct" views in front of people. He also mocked Elon Musk's development disorder.
-
Judge Denies Musk's Bid to Halt OpenAI's For-Profit Shift, Fast Tracks Trial
A US judge has denied Elon Musk's request seeking to pause OpenAI's transition to a for-profit model. Musk does not have "the high burden required for a preliminary injunction" to block the conversion of OpenAI, said US District Judge Yvonne Gonzalez Rogers in Oakland, California.
-
Toyota Aims to Open Its Futuristic City in Japan This Year
Toyota Motor Corp. plans to move in the first 100 residents of a futuristic city at the base of Mount Fuji in Japan this year. A key part of Toyota’s broader Woven initiative is a new software platform and vehicle operating system it calls Arene, which is designed to speed up car development and lower costs.
-
Shift Up Says Its Considering Launching Stellar Blade on PC in 2025
Stellar Blade, the action-adventure title from Korean studio Shift Up, is being considered for a PC launch in 2025, the developer said in its latest financial earnings report on Tuesday. The game launched exclusively on PS5 in April and sold over a million copies as of June.
-
Intel Sells Stake in Chip Designer Arm Holdings
Intel, which is cutting thousands of jobs as it struggles to stay relevant in the chip industry, sold its 1.18 million share stake in British chip firm Arm Holdings in the second quarter, a regulatory filing showed on Tuesday.
-
Opinion | Don't Catch a Falling Knife: Message From The Market Correction
Until there is more clarity on positive developments or limited negative outcomes, investors may be better off booking some profits on their equity investments. As the adage goes, "Don't try to catch a falling knife".
-
Adani Ports And SEZ Gets AAA Rating - India's 1st In Private Infra Development Space
Adani Ports and Special Economic Zone Limited (APSEZ), one of the largest profit contributors for the Adani Group, has been upgraded to AAA rating by Care Ratings.
-
Reddit, Jack Dorsey’s Block Reveal Crypto Investment Details as Tech Firms Begin Experimenting With Web3
Social networking platform Reddit and Jack Dorsey’s fintech firm Block are two names that have recently disclosed information related to their BTC holdings and investments, which yielded profits for both.
-
Amazon Devices Unit Morale Suffers Amid Staff Cuts, Shaky Development Pipeline
Some workers within Amazon’s once-storied hardware division – responsible for popular devices like the Kindle reader and Echo voice-assistant – say morale within the division has suffered amid staff cutbacks and a pipeline of devices in development that they fear are unlikely to prove hits.
-
Alphabet Rides Cloud Demand, Ad Sales to Record $74.6 Billion Quarterly Revenue, CFO to Take New Role
Alphabet's second-quarter profit exceeded Wall Street expectations on Tuesday and the Google parent announced that its long-time CFO, Ruth Porat, would assume a new role while the company sought a new finance chief.
-
Crypto Market Watch: Bitcoin, Ether Collect Profits After Days of Laying Low, Most Altcoins Follow Suit
The overall crypto market rose by 6.80 percent in the last 24 hours. While Bitcoin value rose by over three percent to trade at $31,458 (roughly Rs. 25,7 lakh), Ether crossed the mark of $2,000 (roughly Rs. 1.63 lakh) for the first time in months. The development comes after the CPI data released earlier this week indicated at the lowest inflation ...
-
Crypto Market Watch: Bitcoin, Ether Carry Recovered Prices Into June End Amid Market Volatility
The valuation of the overall crypto market slipped by 0.84 percent. While Bitcoin stepped into the trading arena with a small loss on Monday, June 26, Ether managed to retain profits. The last weekend of the month did bring some positive developments to the crypto industry. The SEC, for instance, approved the launch of the first leveraged Bitcoin F...
-
Big Tech Investors to Scrutinise Profits After Industry-Wide Layoffs, Firms to Highlight AI as Growth Driver
Big Tech investors are set to scrutinise how much impact cost cutting, including layoffs, have had on technology giants like Microsoft, Google parent Alphabet, Instagram owner Meta and Amazon. Meanwhile, companies are expected to focus on pitching artificial intelligence (AI) as the next growth driver for the industry.
-
What Ancient Hindu, Jain Wisdom Can Teach Businesses About Sustainable Finance
The world of business tends to prioritise concepts of profit maximisation, economies of scale and importance of shareholder value. As the industry has developed over centuries, these concepts have become deeply embedded in global financial systems.
-
Chinese EV Maker Nio To Make Self-Developed Battery Packs From 2024
Nio said that it will start making high-voltage battery packs that it has developed itself in 2024, as part of a drive to improve profitability and competitiveness to take on rivals such as Tesla.
-
Twitter’s Woke Ideology Doesn’t Make Profit, Company Puts ‘Correct’ Views in Front of People: Secret Recording
In another part of undercover recording released by American far-right activist group Project Veritas, Twitter employee Alex Martinez can be seen criticising company’s woke ideology, while alleging that the company puts the "correct" views in front of people. He also mocked Elon Musk's development disorder.
