Indian financial technology (fintech) firms should create a self-regulatory organisation (SRO) that will ensure statutory and regulatory compliance, the Reserve Bank of India (RBI) said in a draft framework released on Monday.
The graphic processing units built by Nvidia are seen as superior to rival products for AI work as they can more efficiently process huge amounts of data needed for machine-learning tasks.
Microsoft has eclipsed Apple to become the world’s largest company by market capitalization, driven by its deep focus on generative artificial intelligence (AI), a sector that has garnered increasing investor favour.
French technology company Atos named Paul Saleh as its new chief executive on Monday and warned that free cash flow would be slightly below its initial target for the second half of the year, sending its share price tumbling.
Apple is offering rare discounts on its iPhones in China, cutting retail prices by as much as 500 yuan ($70) amid growing competitive pressure in the world’s biggest smartphone market.
SoftwareOne will remain a standalone public company, the Swiss software and cloud solutions provider said on Monday, as it announced the conclusion of a strategic review launched in July 2023.
Net inflows into exchange traded funds (ETFs) tracking Indian stocks hit a record high in 2023, with analysts optimistic that investors will continue to buy into the world’s fastest-growing major economy even as keenly watched general elections loom.
South Korean President Yoon Suk Yeol said on Monday that he would extend tax credits on investments in the domestic semiconductor industry to boost employment and attract more talent.
A full-scale launch of Ruwiki, a Russian version of the popular Wikipedia internet encyclopaedia, will take place on Monday, according to Russian media reports.
India’s No.1 software-services exporter Tata Consultancy Services is planning to focus more on markets such as Japan, Latin America and Southern Europe amid weakness in North America, its chief executive said.
