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India growth projects FY25 to 6.5% says IMF
Anjali Sharma
GG News Bureau
WASHINGTON DC, 1st Feb. The International Monetary Fund on Wednesday raised India’s growth projection for the Financial Year 2025 by 20 basis points (bps) to 6.5 per cent in its World Economic Outlook update nin…
Elon Musk $56B Tesla compensation package reversed by US court
Anjali Sharma
GG News Bureau
NEW YORK, 1st Feb. Delaware judge ruled on Wednesday that Elon Musk’s lucrative 2018 compensation package, instrumental in elevated him to the title of the world’s richest person, was unfair and should be…
Zerodha trading platform face service disruption, users demand compensation
Anjali Sharma
GG News Bureau
NEW YORK, 30th Jan. Zerodha, a trading firm on Monday faced service disruption which left users frustrated as they encountered difficulties accessing their account information, including holdings and trades.…
Samsung opens new research lab for Next-Gen 3D DRAM development
Anjali Sharma
GG News Bureau
NEW YORK, 30th Jan. Samsung the world’s biggest memory chip maker on Monday has created a new research lab in the US to focus on developing next-generation three-dimensional (3D) DRAM, industry sources said on…
Tesla share dips $73 billion in market value
Anjali Sharma
GG News Bureau
NEW YORK, 27th Jan. Tesla shares on Friday plunged to 11 per cent after the market opened, wiped $73 billion off the company’s market value hours after it warned of slowing growth in electric car sales and an…
SAP cloud software restructure plan to affect 8,000 jobs
Anjali Sharma
GG News Bureau
NEW YORK, 26th Jan. Cloud software major SAP on Thursday has announced that a company-wide restructuring programme in 2024 that will affect 8,000 jobs, according to a statement issued by the company.
The…
Microsoft turns $3 Trillion company, after Apple
Anjali Sharma
GG News Bureau
NEW YORK, 26th Jan. The Verge reported on Thursday that Microsoft, under the CEO Satya Nadella, has acquired several AI companies and invested over $10 billion into OpenAI.
Miicrosoft has reached the coveted $3…
Tesla projects EV sales growth ‘lower’ in 2024
Anjali Sharma
GG News Bureau
NEW YORK, 26th Jan. Tesla on Thursday said that the electric car company registered a record delivery of 1.8 million EVs in 2023.
It has reported $7.9 billion in net income and $25.2 billion in revenue during…
Google ends Australian data firm contract helps train Bard AI
Anjali Sharma
GG News Bureau
NEW YORK, 25th Jan. Appen said on Wednesday in an Australian exchange filing that it had no prior knowledge of Google’s decision to terminate the contract.
Google has terminated its contract with Australian data…
Microsoft works on smaller, cheaper GenAI models
Anjali Sharma
GG News Bureau
NEW YORK, 25th Jan. Microsoft on Wednesday reported that it is working on cheaper, smaller artificial intelligence (AI) models to tap more opportunities in the AI market.
The Information reported the new…