Paytm founder Vijay Shekhar Sharma said on Monday he is open to increasing his stake in the Indian fintech firm if there are sellers, weeks after he became the largest shareholder in the company by buying stake from Chinese firm Antfin. Sharma, also CEO of Paytm, holds a 19.42% in Paytm after purchasing shares from Antfin amid broader […]
London Stock Exchange Group is looking into using blockchain to build what it described on Monday as “an end-to-end digital market ecosystem to raise and transfer capital across asset classes”. Murray Roos, head of capital markets at LSEG, earlier told the Financial Times that the London-based exchange had been examining the potential for a blockchain-powered trading […]
Fishing grounds choked by water hyacinths. Songbird eggs gobbled up by rats. Power plant pipes clogged by zebra mussels. And electrical lines downed by brown tree snakes. These are just a few examples of the environmental chaos sown by invasive species, whose spread around the world has seen economic damages quadruple every decade since 1970, […]
The Covid-19 pandemic and recent Russia-Ukraine war disrupted global supply chains and led to significant delivery delays, input shortages, and stockout risks. Firms exposed to such risks have been forced to rethink their production and inventory management from just-in-time to just-in-case. Using quarterly Japanese firm-level data, this column shows that relative to firms that purchase […]
Residential prices in the US increased in the suburbs during the pandemic relative to neighbourhoods closer to city centres, reflecting a relocation of residents away from downtowns. At the same time, demand for offices fell. This column argues that these changes can be traced back to the rise of work-from-home arrangements, which have created a […]
Alphabet’s Google said on Wednesday it introduced generative artificial intelligence to its Search tool for users in India and Japan that will show text or visual results to prompts, including summaries. The feature, which was first launched only in the United States, was rolled out this week in the two countries, and users will have the […]
– India’s steel-to-energy JSW Group is in early talks with Chinese automaker Leapmotor to license technology to build electric vehicles in India, according to people familiar with the discussions. Under the technology licensing agreement, JSW would use Leapmotor’s platform – the structural underpinnings of a car on which it is built – to manufacture EVs in […]
Speak, an artificial intelligence (AI)-backed English language learning platform, said on Thursday that it has raised $16 million in fresh funding led by venture capitalist Lachy Groom. The funding round, in which existing investor OpenAI Startup Fund and new investors like Dropbox founders Drew Houston and Arash Ferdowsi also participated, brings the total amount of […]
Even a robot invasion can’t beat a slowing economy. Companies in North America sharply cut orders for the high-tech machines in the second quarter, according to data compiled by the Association for Advancing Automation, an industry group. The slowdown in orders began at the end of last year, as rising interest rates and sagging economic […]
The Biden administration “has not blocked chip sales to the Middle East,” a U.S. Department of Commerce spokesperson said on Thursday, after disclosures that Washington had expanded export license requirements for Nvidia and Advanced Micro Devices artificial-intelligence chips. Nvidia revealed the new rules in a regulatory filing earlier this week. A person familiar with the matter confirmed on Wednesday […]
