Category: Business News

Danish beer maker Carlsberg announced an agreement to sell its stake in its Russian division on Tuesday, a day after President Vladimir Putin signed a decree ending state control of the business. Carlsberg, like many other Western companies, announced in March 2022 that it would leave Russia, where it employed 8,400 people, following Moscow’s invasion…

I don’t know where we are in the AI ​​hype cycle, but I feel confident of one thing: we are turning in some direction, or we are. And if you look at PitchBook’s recently published Q3 AI and ML report, there’s actually a lot of evidence that AI companies and investors are in a pretty…

We are all well aware now that big companies are racing to implement AI and get a competitive advantage. A new study shows how companies expect HR departments to be part of this transformation. About 60% of companies with more than 5,000 employees say that AI within HR will have the biggest impact on HR…

Chinese youth draw strength from consumption the result of large job lossesin stark contrast to the spending habits of older people, which have remained stable since the pandemic, according to a prominent Chinese economist. While China’s aging demographics could hold back the economy in the long term, older adults are increasingly being noted for their…

On Monday, US lawmakers concluded a two-year investigation into Covid-19 outbreak which killed 1.1 million Americans – supporting the theory that the virus probably leaked from a Chinese laboratory. The 520-page report by the Republican-controlled House Subcommittee on the coronavirus pandemic looked at the response at the federal and state levels, as well as the…

Good morning. Intel Corporation CEO Pat Gelsinger stepped down from the company and resigned from the board on Monday. The board gave him the option to retire or be fired, according to reports. The chipmaker, once the world’s largest, has struggled to keep up with artificial intelligence computing for some time. And now his CFO…

Dutch technology giant ASML, which supplies chip-making machinery to the semiconductor industry, dismissed the announcement of new US export restrictions to China, keeping its forecasts unchanged. Washington unveiled new restrictions on 140 companies on Monday, including top Chinese chip makers, as the United States and its Western allies seek to prevent the technology from being…

Elon Musk’s former co-founder, OpenAI CEO Sam Altman is now at the helm of Musk’s “enemy list”— and he doesn’t keep silent about how much he resents him and his company. In an expanded version of the previous lawsuit, Musk called OpenAI a “market-crippling gorgon,” The Wall Street Journal reported. He was also taken to…

A number of high-profile Wall Street executives are joining the Trump administration, a career move that could see them not only forgo millions in compensation but also a hefty tax bill if they have to sell assets. Fortunately for executives, there is a little-known tax provision that can soften the financial blow of becoming a…

The boss of struggling carmaker Jaguar has again defended the dramatic rebrand that sparked an online backlash when he launched his new car in Miami. The 89-year-old British car brand unveiled a sleek new electric model on Monday, ending weeks of unprecedented anticipation for a Jaguar launch, albeit arguably for the wrong reasons. The Type…