India’s Swiggy said on Thursday that its marquee food delivery business has become profitable, eclipsing its publicly-listed rival Zomato on another key metric a day before the firm is set to report its quarterly earnings. The Bengaluru-headquartered startup — which counts Prosus Ventures, SoftBank and Invesco among its backers — became profitable in March this…
Micron Technology said it will invest up to 500 billion yen ($3.6 billion) in Japan for the next few years with support from the Japanese government to up its game in next-generation memory chips. The move indicates that the Japanese government is ambitiously pushing ahead with its semiconductor space resurgence and bringing chip technology into the…
Stock futures hold gains on debt ceiling deal hopes; Walmart earnings on deck amid cautious retail outlooks; Take-Two Interactive surges as NBA 2K23 maker tops sales forecast; Applied Materials Q4 earnings in focus as chipmakers rally and Micron shares jump as chipmaker unveils Japan investment push…
Toyota and two other Japanese automakers will team to release new electric vehicles by the end of 2023…
As large language models from Western tech firms show the potential to disrupt everything from marketing, teaching, to coding, China is rushing to cultivate its home-grown AI pioneers by stepping up state support. Beijing is now seeking public opinion on a draft policy aimed at developing artificial general intelligence, or AGI, a category of AI…
Founders of Lifelong Online have bought back a majority ownership and control in the Indian house of brands from Thrasio in what appears to be a retreat for the “Amazon aggregator” from the key overseas market. Existing investors of Lifelong, Tanglin Venture Partners and Hero Enterprise, also increased their ownership in Lifelong Online. Thrasio will…
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There’s much excitement around the world following the events of Monday night, in which Ukrainian air defences armed with US-made weapons reportedly neutralised a heavy Russian missile attack against Kyiv.In particular the attack apparently included six KH-47M2 Kinzhal (“Dagger”) air-launched missiles, which are often described as “hypersonic”, frequently with the added assertion that there is…
Stock futures higher on debt ceiling optimism; Tesla gains as musk says he’ll stay on as CEO, spend less time at Twitter; Target earnings on deck as retail picture remains mixed; Cisco Systems edges higher ahead of Q3 earnings after the bell and President Biden to cut Asia trip short as debt ceiling talks show…
The electric vehicle maker will start advertising its cars…
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