The CEO of privacy-oriented search engine DuckDuckGo said its talks with Apple about a potential contract failed because the smartphone maker was reluctant to give up Google’s multibillion dollar paychecks, according to newly transcripts of a landmark antitrust trial of the Alphabet unit. Gabriel Weinberg, who also founded the company, testified on Sept. 21 on the effect on DuckDuckGo […]
The aftermath of the Covid-19 pandemic and the Russia-Ukraine war have put developing countries under significant stress. This column draws lessons from three generations of currency crises since the 1980s for the current period. The 1980s crisis in Latin America, 1990s crisis in Mexico, and late 1990s crisis in Asia were all characterised by significant […]
Artificial intelligence chipmaker Graphcore said it needed to raise cash due to widening losses, according to a filing, as Nvidia’s dominance in AI chips has chilled funding for startups looking to compete directly. Graphcore produces AI chips called intelligence processor units (IPUs) that aim to take on Nvidia. It reported pre-tax losses widened 11% to $204.6 million, […]
A former executive at Samsung Electronics’ venture capital arm who proposed that mobile app developer Branch Metrics’ software offering be expanded in Samsung smartphones faced pushback due to pressure from Google, he said on Thursday in a landmark antitrust trial against the Alphabet unit. Patrick Chang, who worked at Samsung Next to invest in innovative companies, […]
OpenAI, the company behind ChatGPT, is exploring making its own artificial intelligence chips and has gone as far as evaluating a potential acquisition target, according to people familiar with the company’s plans. The company has not yet decided to move ahead, according to recent internal discussions described to Reuters. However, since at least last year […]
At first glance, South Asia is a bright spot in the global economy. The World Bank is forecasting that the region will grow more quickly than any other developing country region over the next few years. Some countries in the region are continuing a trend of strong growth, while others are recovering from a period of […]
Cultural and creative industries, or the orange economy, account for an estimated 50 million jobs worldwide and employ more young people (15–29-year-olds) than other sectors. In the face of acute and growing labor market challenges, especially among youth and vulnerable groups, creative and cultural jobs represent a promising avenue for forging more inclusive and resilient growth. As explored […]
Taiwan’s Foxconn , the world’s largest contract electronics maker and a major Apple supplier, predicted on Thursday strong year-end holiday sales after September sales dropped, coming off a high base for consumer electronics. The fourth quarter is traditionally the hot season for Taiwan’s tech companies as they race to supply smartphones, tablets and other electronics to […]
Dell Technologies on Thursday reiterated that it expects revenue to grow at a compounded annual rate of 3% to 4% over the long term, disappointing some investors who expected AI to drive a bigger sales jump and sending its shares down 4%. The company, which makes PCs and servers that are used to support technology like […]
Vietnamese electric car maker VinFast said on Thursday its third-quarter revenue more than doubled with the largest share of its sales going to an affiliate company owned by its founder. About 60% of VinFast’s deliveries, or more than 6,000 vehicles, went to Green SM (GSM), a Vietnam-based taxi operator and leasing provider 95% owned by […]
