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Meta Is Developing 4 New Chips to Power ...

Meta Is Developing 4 New Chips to Power Its AI and Recommendation Systems

Meta Is Developing 4 New Chips to Power Its AI and Recommendation Systems ## Meta Accelerates In-House AI Silicon Development with New Processor Designs **Menlo Park, CA** – Meta Platforms, Inc. is reportedly advancing its strategic initiative to design and deploy custom silicon for its... read more »

Nvidia Will Spend $26 Billion to Build O...

Nvidia Will Spend $26 Billion to Build Open-Weight AI Models, Filings Show

Nvidia Will Spend $26 Billion to Build Open-Weight AI Models, Filings Show ### Nvidia Poised to Disrupt Generative AI Landscape with Ambitious Open-Source Initiative **Santa Clara, CA** – In a strategic maneuver that could significantly reshape the competitive dynamics of the artificial... read more »

Iran Warns US Tech Firms Could Become Ta...

Iran Warns US Tech Firms Could Become Targets as War Expands

Iran Warns US Tech Firms Could Become Targets as War Expands ### Iranian Media Signals Potential Digital Retaliation Against US Tech Giants **Tehran, Iran** – Amidst escalating geopolitical tensions, Iranian state-affiliated media outlets have identified prominent United States technology... read more »

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You can't 'borrow your way out...

You can't 'borrow your way out of debt,' expert says but mor...

You can't 'borrow your way out of debt,' expert says but more consumers are trying ## The Debt Spiral: Why Refinancing May Not Be a Sustainable Solution **Many consumers grappling with the burden of high-interest debt are increasingly turning to personal loans as a strategy to... read more »

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Economy

U.S. extends leniency programme for companies that disclose bribe...

MIAMI (Reuters) – The U.S. Justice Department will extend a programme that offers companies leniency if they voluntarily tell authorities when employees may have paid bribes, a senior official... read more »

Lloyds, two others dismissed from yen Libor litiga...

NEW YORK (Reuters) – A U.S. judge on Friday dismissed Lloyds Banking Group Plc , ICAP Europe Ltd and Tullett Prebon Plc as defendants from... read more »

Crunch week as Fed meets on rates, Trump team joins G20

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LONDON (Reuters) – After a year that tipped conventional wisdom on its head, the coming week might suggest a return to some sort of normality for the... read more »

Some bank bulls grow wary on policy uncertainty

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(Reuters) – Bank shares have been the runaway winners of the post-election U.S. stock market boom as investors wagered that higher interest rates,... read more »

State-owned carrier Air India understated losses –...

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NEW DELHI (Reuters) – India’s state-owned airline Air India understated its operating losses by nearly $1 billion over three fiscal years to March... read more »

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Investing

Gold hovers near three-week high as equities slip

Gold held close to its highest level in nearly three weeks on Monday, boosted by safe-haven demand after the Federal Reserve’s move last week to leave US interest rates unchanged weighed on... read more »

Gold tops Rs 27,000-mark on global cues, seasonal ...

Rising for the third straight day, gold regained the Rs 27,000-mark by gaining Rs 200 at the bullion market today in line with a firm global trend... read more »

Gold surges by Rs.480 to reclaim Rs.27,000 mark

New Delhi: With the wedding and festive season fast approaching, the days of cheaper gold prices seems to be over as the precious metal climbed back to... read more »

Gold Tumbles to More Than Five-Year Low, China Shares E...

Gold prices tumbled to a more than five-year low Monday, and China shares rose modestly, after authorities’ weekend move to tighten the use of informal... read more »

Rupee at at 63.39

The benchmark BSE Sensex trimmed initial gains and fell by 9 points in late morning trade, dragged down by FMCG sectors, while fresh selling was seen in IT,... read more »

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Gold & Metals

Gold, silver likely to trade lower; copper may rise

Global markets traded mixed in the last fortnight as the US Fed’s decision to wind up its bond buying programme acted as a boost for equities wherein the Dow Jones gained by around two per... read more »

Gold struggles on stronger economic data, higher e...

Gold steadied on Monday but failed to make any recovery from three straight days of losses as stronger global economic data and higher equities... read more »

Gold moves up by 0.55 pct on global cues

Tracking a firming global trend, gold prices rose 0.55 per cent to Rs 27,119 per ten gram in futures trade today as speculators enlarged positions. At the... read more »

Gold falls 0.23% on weak global cuesGold falls 0.23% on...

NEW DELHI: Gold futures fell 0.23 per cent to Rs 26,897 per 10 grams on Friday as speculators locked in gains amid a weak global trend. At the Multi Commodity... read more »

Gold rises in futures trade on global cues

NEW DELHI, OCT 8:   Gold prices rose 0.27 per cent to Rs 27,020 per 10 grams in futures trade today as speculators created fresh positions after the precious... read more »

More from Business

Telecom major Bharti Airtel on Thursday announced it has acquired 100 per cent stake in Wireless Business Services (WBSPL), a company founded by U.S. chipmaker Qualcomm. The company had acquired a 49 per cent stake in WBSPL in May 2012 for $165 million. At that price, the additional stake purchase would have cost Airtel an estimated $165 million, or Rs. 1,008.1 crore at Friday’s exchange rate. However, the company did not disclose the financial details of the deal. In a statement, Airtel said that it has “completed the acquisition of 100 per cent equity shares of Wireless Business Services Private Limited, which holds BWA Spectrum in the Indian telecom circles of Mumbai, Delhi, Haryana and Kerala”. Airtel acquired a majority stake in WBSPL in July by increasing its stake to 51 per cent from 49 per cent. WBSPL has spectrum that can be used for high-speed 4G services in New Delhi, Mumbai, Haryana and Kerala. Airtel has the similar spectrum in Punjab, Maharashtra, Kolkata and Karnataka. Airtel has already launched 4G services in Bangalore, Pune, Kolkata, Chandigarh, Mohali and Panchkula. Shares of Airtel were trading at Rs. 353.80, up by 1.46 per cent, in the afternoon session at BSE.

AI chipmaker Cerebras namedropped by Oracle, alongside Nvidia and AMD

AI chipmaker Cerebras namedropped by Oracle, alongside Nvidia and AMD ## Cerebras Systems Gains Prominence with Oracle Cloud Integration **Emerging semiconductor firm Cerebras Systems is... read more »

Donald Trump

Trump says U.S. will build first refinery in 50 years with investment by India's Reli...

Trump says U.S. will build first refinery in 50 years with investment by India's Reliance Industries ## Landmark Energy Investment Poised to Reshape U.S. Refining... read more »

Yann LeCun Raises $1 Billion to Build AI That Understands the Physical World

Yann LeCun Raises $1 Billion to Build AI That Understands the Physical World ### Yann LeCun’s New Venture Targets Embodied AI with $1 Billion Funding **[City, State] – [Date]** –... read more »

Oil extends slide as investors assess Trump comments on Iran war, Strait of Hormuz

Oil extends slide as investors assess Trump comments on Iran war, Strait of Hormuz Oil prices plunged after Trump warned that Tehran would be hit “twenty times harder” if it... read more »

The Iran war has put the brakes on the next Bank of England rate ...

The Iran war has put the brakes on the next Bank of England rate cut ### Geopolitical Tensions Shift Economic Outlook: Bank of England Rate Cut Prospects Dim **London, UK** – The escalating... read more »