Economic Times
Slowing demand for electric vehicles at a time when customers are trying to clear excess semiconductor inventory has hurt demand for companies such as
Ecommerce firm Meesho added four independent directors to its board: Hari S Bhartia, Kalpana Morparia, Rohit Bhagat, and Surojit Chatterjee. The colle
Video game voice actors and motion-capture performers called a strike last week over failed labor contract negotiations focused on AI-related protecti
Meta, the parent company of Facebook, took up the fight for open-source AI in a big way by releasing a new collection of large AI models. These includ
Byju's CEO Byju Raveendran wants the insolvency quashed as his cofounder brother decided to pay the cricket board, settling the matter. Raveendran has
Turkey has restricted access to Instagram, citing unspecified reasons. This move came after Fahrettin Altun criticized the platform for blocking condo
Zomato's market capitalisation hit $28 billion as shares rose 19% after strong quarterly results. The company reported a net profit of Rs 253 crore an
Coinbase reported a notable rise in second-quarter revenue due to increased trading volumes, thanks to regulatory approvals for bitcoin and ether ETFs
Intel revealed plans to cut around 15,000 jobs, which amounts to 15% of its workforce, as a strategic move to save $10 billion by 2025. The decision c
Shares of food delivery giant Zomato surged 10% to a day’s high of Rs 257.95 after reporting a multifold increase in PAT for the June quarter. The c
Indonesia has banned DuckDuckGo, a search engine known for its privacy features, over concerns about pornography and online gambling content. The comm
The U.S. Department of Justice initiated an investigation into Nvidia after competitors alleged it used its dominance in AI chip sales to pressure clo
Ola Electric, an Indian electric scooter manufacturer, set the price for the institutional portion of its initial public offering at 76 rupees per sha
Ola Electric's initial public offering opens on August 1, 2023, featuring a fresh equity sale of Rs 5,500 crore and an offer for sale of 8.4 crore sha
Snapchat's parent, Snap Inc., missed Q3 revenue expectations, causing an 18% drop in shares after-market. Competing with larger players like Meta and
Apple saw stronger-than-expected iPhone sales in the third quarter, driven by AI features. Although China sales declined by 6.5%, overall revenue grew
Apple achieved a new quarterly revenue record in India for the third quarter of 2024, bolstered by strong sales of iPhones and Mac computers. Despite
Amazon's online sales growth slowed in the second quarter as consumers sought cheaper options, causing shares to drop nearly 8%. Despite exceeding pro
Happy Friday! Karnataka tax authorities have rescinded the notice to Infosys alleging Rs 32,000 crore in unpaid IGST. This and more in today’s ETtec
All eyes are on the Olympic Games underway in Paris since last Friday. The IOC has called AI a ‘game changer in sport’. How is AI being used at th
