Nvidia rival Graphcore in need of funding as losses mount

Graphcore produces AI chips called intelligence processor units (IPUs) that aim to take on Nvidia. It reported pre-tax losses widened 11% to $204.6 million, according to a filing of its 2022 financial statements filed Wednesday.

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Belgian intelligence service monitors Alibaba hub over 'espionage' worry: report

Alibaba signed an agreement with the Belgium government in 2018 to open an ecommerce trade hub, run by its logistics arm Cainiao, that would include investment in logistics infrastructure.

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SoftBank's Masayoshi Son says AI will surpass human intelligence in a decade

It will affect every industry, from transportation and pharmaceuticals to finance, manufacturing, logistics and others, and the companies and people that work with AI will be the leaders in the next 10 to 20 years, Son said.

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EV ride-hailing startup BluSmart tweaks fare structure in Delhi-NCR to expand customer base

The company has reduced the range of its fare slabs from 5 km to 3 km to offer more fare choices to consumers. Further, BluSmart last increased its base fare to Rs 149 in December 2022, up from Rs 139 in August 2022, Rs 119 in April last year, and Rs 99 in December 2021.

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Ex-Tesla factory worker loses bid for new trial in race bias case

US District Judge William Orrick in San Francisco in a written order upheld a $3.2 million verdict that a jury awarded to plaintiff Owen Diaz in April, denying his motion for a new trial while also rejecting Tesla's bid to cut the award in half.

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NPCI to sign pact with Al Etihad Payments of UAE for cross-border transactions

​​The memorandum of understanding (MoU) aims to develop the domestic card scheme of the UAE based on India's RuPay debit and credit card stack.

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Gaming major Krafton launches incubator programme for Indian startups

The incubator programme will enrol between six to ten “teams” every year, and offer between $50,000 and $150,000 as funding support, with “exceptional” teams getting up to $250,000.

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