Author: 5hspx
Reliance Industries, India's largest company by market capitalization, isn't shying away from the AI craze that's sweeping the tech world. At the company's 47th annual general meeting on Thursday, Reliance Chairman Mukesh Ambani and other executives mentioned AI about 100 times over a two-hour period, detailing plans to integrate the technology across Reliance's vast business empire across telecommunications, retail and energy. Reliance announced plans to build large AI-enabled data centers in Jamnagar, in the western Indian state of Gujarat, that would run on the company's green energy resources. Ambani claimed these facilities could lower the cost of AI inference in…
A new report says investment in content for the Indian and East Asian theatrical film, TV and streaming markets is set to reach $15.5 billion in 2023. However, spending growth will slow to just 4%, a significant slowdown compared to the 2021-22 investment peak due to COVID. Media Partners Asia's (MPA) 2024 Asia Video Content Dynamics report, which covers India, South Korea, Indonesia, the Philippines, Singapore, Thailand and Vietnam, describes the slowdown as a “normalization of budgets and rationalization of local content investments towards streaming VOD.” India was the fastest growing market with a strong 12% increase, mainly driven by…
Politics / August 29, 2024 These are concrete steps Harris could take to undo the damage done by her current boss. Advertising Policy Kamala Harris receives a booster dose of the Moderna COVID-19 vaccine on Saturday, Oct. 30, 2021, at the White House.(Kent Nishimura/Los Angeles Times via Getty Images) We are approaching the fifth year of living with COVID-19. Anyone who has read my articles on #selectionorinsertioncontent# knows that I think the Biden administration's response to the virus has been terrible. The government has essentially backed away from anything other than an aggressive vaccination drive after a year or so.…
The new Dublin facility will play a key role in the organisation’s digital transformation objectives and is expected to host jobs across a number of sectors, including software development, automotive tech and adtech. American audio entertainment company SiriusXM today (August 29th) announced plans to establish a technology centre of excellence in Dublin, Ireland. The company plans to recruit for several positions, with Dublin-based employees set to play a key role in the company's digital transformation goals. SiriusXM is an audio entertainment platform founded in 2008 by Martine Rothblat and David Margolese and headquartered in New York, US. The Dublin-based employees…
It's been an eventful summer for Esprit in Europe. The German-based fashion brand's European operations faced serious financial difficulties and filed for bankruptcy in May of last year. At the same time, the brand's French subsidiary was placed into receivership in July. While its future in France remains unclear, the company announced in early August that the brand's European rights had been acquired by British investment group Alteri for an undisclosed sum, which will not affect the struggling business. ShutterstockAlteri specializes in European retail and owns a stake in CBR Group, the operator of German fashion brands Cecil and Street…
Global propylene capacity is poised to see considerable growth over the next four years, potentially increasing from 160.02 million tonnes per annum (mtpa) in 2023 to 215.16mtpa in 2028, registering a total growth of 34.5%. Globally, 142 planned and announced propylene projects are expected to come online by 2028 predominantly in Asia followed by the Middle East. Asia is expected to add a capacity of 35.53mtpa from 57 new build, planned and announced projects. As for capacity expansions, the region is expected to add a capacity of 0.18mtpa from three planned projects. Within Asia, the majority of propylene capacity additions…
Meghan Markle has embarked on a new business venture: investing in a new fashion brand.The Duchess of Sussex, 43, recently invested in Sesta Collective, a mission-based handbag brand that she has used on and off over the past few years.Meghan told The New York Times this week that she likes to search online for brands she loves and can support, and that's when she came across Sesta Collective.”I spend a lot of time looking for brands on Google,” she says. “When people are searching or reading about things online, I try to find great new designers, especially in different regions.”Sesta…
Future Technologies Inc. has appointed Nathan Glass as vice president of finance, the executive said in a LinkedIn post on Wednesday. Prior to joining FTI, Glass spent five years at Everwatch, a Booz Allen Hamilton company (NYSE: BAH), where he served as Director of Compliance and Special Projects, Director of Financial Planning and Vice President of Finance. Within General Dynamics' (NYSE: GD) information technology business, Mr. Glass served as senior manager of government compliance, where he was responsible for preparing incurred expense filings, supporting government audits, negotiating audit outcomes and other compliance-related activities. Mr. Glass has also served as Compliance…
Nvidia (NVDA)Shares of chipmaker Nvidia fell in after-hours trading after the company reported second-quarter earnings that beat expectations and were the smallest in six quarters.Chipmaker Nvidia's shares fell nearly 7% in premarket trading despite the company reporting second-quarter figures after U.S. markets closed on Wednesday that showed better-than-expected sales and profits.The company, a global leader in semiconductor design and software, reported second-quarter revenue of $30bn (£22.7bn), compared with analysts' expectations of $28.8bn.”Nvidia has grown to a point where it cannot afford to fail, and any signs of slowing or normalizing growth would have a significant impact on the stock price,”…
The two companies plan to capitalize on two lucrative AI-related growth opportunities. The rapid adoption of artificial intelligence (AI) across multiple industries has led to significant stock price increases for several companies over the past year and a half, with the tech-heavy Nasdaq 100 Technology Sector Index posting an astounding 80% increase since the start of 2023. Thanks to AI, many technology companies have seen their stock prices soar, including Nvidia, SoundHound AI, Super Micro Computer, Broadcom, etc. A parabolic movement refers to a sudden increase in stock prices in a very short period of time, like the right side…