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Microsoft-backed Rubrik targets up to $5.4 billion valuation in US IPO

(Reuters) -Cybersecurity software firm Rubrik, backed by Microsoft, said on Tuesday it was targeting a valuation of up to $5.44 billion in its U.S. initial public offering. Technology companies have

Meta oversight board reviews handling of AI-created celebrity porn

By Katie Paul NEW YORK (Reuters) - Meta Platforms' Oversight Board is reviewing the company's handling of two sexually explicit AI-generated images of female celebrities that circulated on its

Microsoft to invest $1.5 billion in Emirati AI firm G42 for minority stake

DUBAI (Reuters) -Microsoft is investing $1.5 billion in United Arab Emirates-based artificial intelligence firm G42, giving the U.S. giant a minority stake and a board seat, allowing the two to deepen

Apple says it wants to spend more on suppliers in Vietnam

HANOI (Reuters) -Apple Inc wants to boost its investment in Vietnam, state media quoted the U.S. tech giant's CEO Tim Cook as saying in Hanoi on Tuesday, a day after the U.S. company said it wanted to

Intel to launch two AI chips for China with reduced capabilities

BEIJING (Reuters) - Intel will release two AI chips with reduced capabilities for the Chinese market, in order to comply with U.S. export controls and sanctions. The two chips, HL-328 and HL-388, are

Apple wants to spend more on suppliers in Vietnam, state media says

HANOI (Reuters) -Apple Inc wants to boost its investment in Vietnam, state media quoted the U.S. tech giant's CEO Tim Cook as saying in Hanoi on Tuesday. Vietnam is already a key manufacturing hub for

Ericsson sees sales stabilising soon after Q1 profit beat

By Olivier Sorgho (Reuters) -Ericsson said on Tuesday it expects sales to stabilise in the second half of 2024 amid signs some customers are looking to spend again, as the telecoms equipment maker

Apple wants to spend more on suppliers in Vietnam

HANOI (Reuters) - Apple Inc. CEO Tim Cook said on Tuesday in Hanoi the U.S. tech giant wanted to boost its investment in Vietnam, state media reported. Cook made the statement at a meeting with

Microsoft to invest $1.5 billion in Emirati AI firm G42, takes minority stake

(Reuters) - Microsoft will invest $1.5 billion in United Arab Emirates-based artificial intelligence firm G42, giving the U.S. tech giant a minority stake and a seat on the board, the companies said

Ericsson’s Q1 profit grows unexpectedly, eyes stabilisation of sales in H2

(Reuters) -Telecom equipment maker Ericsson reported on Tuesday a first-quarter adjusted profit that beat expectations and said sales might stabilise in the second half of the year despite weak demand

On Camera

Prajwal Revanna case shows why and how sexual crimes by men in politics can go unchecked for years

It would be a disservice to the women of Hassan to look at Prajwal Revanna’s alleged abuse of power as a ‘sex scandal’. Allegations against him show what ‘absolute power corrupts absolutely’ actually means.

Air India reduces baggage allowance by 5-15 kg, bringing it in line with rest of industry

Air India’s new policy, effective from 2 May, introduces new weight limits for tickets in each of the different 'fare families' — Comfort, Comfort Plus, and Flex.

China builds road through Shaksgam Valley, India registers protest

New Delhi has, in past, too, objected to Chinese construction activities in Shaksgam Valley. Work in this strategic region gathered pace after the 2017 Doklam stand-off.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.