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Dec 16 : Databricks has raised more than $4 billion at a valuation of $134 billion, it said on Tuesday, the latest example of investors betting big on the transformative power of artificial intelligence. 

The series L funding round was led by…

Dec 16 : Global smartphone shipments are expected to decline 2.1 per cent next year as rising chip costs are likely to impact demand, technology-focused market research firm Counterpoint said on Tuesday.

Electronics supply chains around the world…

NEW YORK/ PARIS, Dec 16 : MSCI’s global equities gauge fell on Tuesday and 10-year U.S. Treasury yields were lower for a second day as investors assessed some mixed signals from the latest U.S. jobs report, while oil prices sagged on oversupply…

TOKYO, Dec 16 : Mitsubishi UFJ Financial Group, Japan’s largest bank, has appointed Junichi Hanzawa as its new president, succeeding Hironori Kamezawa, who will become chairman, the company said in a statement on Tuesday.

Hanzawa is currently…

SAN FRANCISCO/STOCKHOLM, Dec 16 – Last spring, CellarTracker, a wine-collection app, built an AI-powered sommelier to make unvarnished wine recommendations based on a person’s palate. The problem was the chatbot was too nice. 

“It’s just very…

SEOUL: South Korea’s central bank said on Tuesday (Dec 16) it would be an “overstatement” to blame ample liquidity conditions in the domestic market for a weaker won currency and price upswings in the residential property market.

“Looking at…

WASHINGTON, Dec 16 : Korean automakers Hyundai and Kia agreed on Tuesday to retrofit 7 million U.S. vehicles to address theft concerns and install prevention equipment on all new vehicles to resolve an investigation by a bipartisan coalition of…

NEW YORK, Dec 16 : The U.S. dollar eased against major peers on Tuesday after the release of delayed economic data showing stronger-than-expected jobs growth, signalling that the Federal Reserve might be cautious in continuing to cut interest…

Dec 16 : OpenAI has appointed former British finance minister George Osborne as managing director and head of its “OpenAI for Countries” initiative, the company said on Tuesday, as the ChatGPT maker ramps up efforts to work with governments on…

Dec 16 : A coalition of 20 app developers and consumer groups on Tuesday called upon European regulators to enforce EU laws against Apple, saying the company’s fee structure unfairly disadvantages European developers compared to their U.S. rivals…