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Wednesday, June 26, 2024
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China’s Dida to raise up to $35 million in Hong Kong IPO

By Scott Murdoch SYDNEY (Reuters) - Chinese ride-share app operator Dida has launched a Hong Kong initial public offering (IPO) to raise up to HK$273.7 million ($35.06 million), regulatory filings

CDK Global investigating cyber incident, briefly shut all systems

(Reuters) - Retail technology and software provider CDK Global was investigating a cyber incident and had briefly shut down all its systems proactively, it said on Wednesday. The company, which

UK takes top spot in Europe for GenAI startups, Accel says

By Supantha Mukherjee STOCKHOLM (Reuters) - The United Kingdom is home to the biggest number of generative AI (GenAI) startups across Europe and Israel, followed by Germany and Israel, according to a

Brazil’s CBMM starts testing ultra-fast charging batteries in Volkswagen bus

By Marta Nogueira RIO DE JANEIRO (Reuters) - Brazilian miner CBMM has started to test on Volkswagen electric trucks a niobium-based battery that it claims can be charged way faster than the others in

Former OpenAI chief scientist to start a new AI company

(Reuters) - ChatGPT maker OpenAI's co-founder and former chief scientist Ilya Sutskever said on Wednesday that he was starting a new artificial intelligence company. The company is focused on creating

Northvolt reviewing plans for new Swedish gigafactory

OSLO (Reuters) - Swedish lithium-ion battery producer Northvolt is reviewing plans to build a new plant in Borlange in central Sweden but has not reached any decisions, it said on Wednesday, after a

Dell, Super Micro providing server racks for xAI’s supercomputer

(Reuters) -Dell Technologies and Super Micro Computer will provide server racks for the supercomputer that Elon Musk's artificial intelligence startup xAI is building, the U.S. businessman said on

Dell assembling racks for xAI’s supercomputer, Elon Musk says

(Reuters) - Dell Technologies is assembling half of the racks for the supercomputer that xAI is building, billionaire Elon Musk said in a post on social media platform X on Wednesday. The U.S.

Onsemi to invest up to $2 billion in Czech semiconductor plant

By Jan Lopatka PRAGUE (Reuters) - U.S. chipmaker Onsemi will invest up to $2 billion to boost its semiconductor output in the Czech Republic, it said on Wednesday, expanding the company's European

Amazon invests $11 billion to expand cloud and logistics in Germany

BERLIN (Reuters) - Amazon will invest 10 billion euros ($10.75 billion) as demand for its cloud services and retail goods in Europe's biggest economy keeps growing, the US technology and retail

On Camera

Deepika Padukone isn’t faking her pregnancy. Internet ‘critics’ need a refresher on biology

One of the comments on her recent picture, read: “She is not able to do the role of a pregnant woman properly”. It's a nasty cocktail of misogyny and an ignorance of basic human biology.

Noida International Airport, Delhi NCR’s 2nd, delayed. To begin operations by April 2025

According to a statement by the airport, commercial operations likely to begin next year 'in view of the current construction status'. It was supposed to commence operations by 2024 end.

India’s 15-yr quest for anti-tank missile: Israeli Spike, DRDO option, back to US for Javelin talks

Recent high-profile visit was of US National Security Adviser this month during which a number of key issues, including military cooperation, was discussed by both sides.

Modi’s new universe: the normal irritants of democracy & awkward chai with Rahul Gandhi

Changed reality for Modi govt in its 3rd innings is by no means rise of a new phenomenon. It's a return to old normal where even majorities had to routinely wrestle with storied million mutinies.