Microsoft Corp on Tuesday started making available to users a host of AI upgrades, including to ChatGPT, its search engine Bing as well as to cloud services – an expansive launch that seeks to narrow the gap with Alphabet Inc’s Google. Among key changes is the rollout of live search results from Bing to ChatGPT, the viral […]
Apple Inc on Tuesday said it has entered a multi-billion-dollar deal with chipmaker Broadcom Inc to use chips made in the United States. Under the multi-year deal, Broadcom will develop 5G radio frequency components with Apple that will be designed and built in several U.S. facilities, including Fort Collins, Colorado, where Broadcom has a major factory, Apple […]
In 2022, overall European Union industrial employment and output increased above 2021 levels, despite rocketing energy prices. However, output declined from energy-intensive industries including basic metals, chemicals, non-metallic minerals and paper, for which energy costs represent a much bigger share of production costs than for less energy-intensive manufacturing. Energy prices are likely to remain above […]
In the spirit of unity, let me start with a statement we can all agree on: the EU needs to grow its capital markets. That statement begs at least two big questions. On these, there is less agreement. Firstly, how should we grow them? And secondly, why haven’t they grown more already? A lot of […]
Asia emits about half of the world’s global greenhouse gas emissions and that figure is set to increase if the right policies are not put in place. Asia’s future will be heavily shaped by climate change. The region has special vulnerabilities, including extensive coastal populations susceptible to sea level rise, large river basins prone to flooding, […]
The transition to global net zero to address climate change must be both ambitious and fair. Otherwise, it will not achieve its goals nor will it obtain the vital public support required over the long-term. Although ambitious decarbonization will provide widespread benefits across Asia, the policies required to make the transition will create winners and […]
Ramp, a developer of financial management software, said it plans to offer new artificial intelligence tools from Thursday, including a feature that can determine if a company is overpaying on its software contracts. The New York-based startup, which offers a corporate card platform used by over 15,000 businesses, has raised $1.4 billion from a slew […]
Meta Platforms on Thursday shared new details on projects it was pursuing to make its data centers better suited to supporting artificial intelligence work, including a custom chip “family” that it said it was developing in-house. The Facebook and Instagram owner said in a series of blog posts that it designed a first-generation chip in 2020 […]
U.S. regional bank stocks reversed premarket gains in early trading on Thursday, slipping back into negative ground after a recent rebound powered by hopes that the sector’s troubles were nearing an end. Western Alliance fell 1%, erasing premarket gains of 4.2%. The Phoenix-based lender had surged 27% till Wednesday on reporting strong deposit growth in an attempt to […]
Many U.S. regional lenders may have to consider selling off commercial real estate (CRE) loans at a steep discount after breaching key regulatory thresholds for exposure to the troubled sector, according to new data and market sources. Regional banks, the largest lenders to the beleaguered U.S. CRE and construction markets, have reduced their exposure to […]
