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SK Telecom to invest $10 mn in Perplexity for AI search cooperation

Jun 13, 2024

Seoul, June 13 (IANS) SK Telecom, a leading South Korean mobile carrier, said on Thursday it will invest $10 million in US Artificial Intelligence (AI) startup Perplexity to cooperate on AI search services. Perplexity also plans to invest in Global AI Platform, an AI service developing arm of SK Telecom in Silicon Valley, according to the Korean…

Sensex trades higher as inflation cools

Jun 13, 2024

Mumbai, June 13 (IANS) Indian equity benchmarks opened in green on Thursday after retail inflation declined in May. The government data showed India's CPI (Consumer Price Index) easing to 4.75 per cent in May 2024, it was 4.83 per cent in…

Business

Zepto set to raise $650 million at $3.5 billion valuation

Jun 13, 2024

New Delhi, June 13 (IANS) Quick grocery delivery platform Zepto is geared up to raise nearly $650 million from existing and new investors. According to sources, the funding will take Blinkit closest rival’s valuation to around $3.5…

Business

Samsung to provide comprehensive AI solutions for foundry biz

Jun 13, 2024

Seoul, June 13 (IANS) Samsung Electronics said on Thursday it will provide comprehensive "one-stop" artificial intelligence (AI) solutions for its foundry customers, with a focus on up-to-date technologies for high-performance, low-power AI…

Business

Coupang fined $12.4 million for alleged manipulation of search algorithm

Jun 13, 2024

Seoul, June 13 (IANS) The antitrust regulator said on Thursday it has decided to fine e-commerce giant Coupang 140 billion won ($12.44 million) for using unfair search algorithms and uploading false product reviews to boost sales of its own…

Business

Muthoot Microfin’s USD 25 Million Greenshoe Option Oversubscribed, Announces Closure of USD 113…

Jun 13, 2024

Muthoot Microfin Limited (NSE: MUTHOOTMF, BSE: 544055), a leading Indian microfinance institution has announced a significant update to its

Business

86 pc of firms globally experimenting with GenAI for innovation: Report

Jun 12, 2024

New Delhi, June 12 (IANS) About 86 per cent of organisations globally are experimenting with GenAI for innovation, R&D, or product development, while 8 per cent are currently applying GenAI at scale, a new report showed on Wednesday.In…

Business

EU slaps extra tariffs of up to 38 per cent on Chinese EVs

Jun 12, 2024

New Delhi, June 12 (IANS) The European Commission on Wednesday announced to impose provisional duties of up to 38.1 per cent on the import of Chinese electric vehicles (EVs).An investigation by the Commission concluded that the battery…

Business

Musk had sex with two of his employees, asked another woman to have his babies: Report

Jun 12, 2024

San Francisco, June 12 (IANS) Tesla and SpaceX CEO Elon Musk has been accused of having sexual relationships with two of his employees, including an intern, and approaching another worker to have his babies, a media report revealed on…

Business

Google, Apple fined for allegedly violating location data law in South Korea

Jun 12, 2024

Seoul, June 12 (IANS) The South Korean units of Google and Apple were among firms fined for allegedly violating a law on location data collection, the telecom regulator here said on Wednesday.Google's Korean unit was ordered to pay a fine…

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