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27 Aug 2024

Global Stock Markets React to Tech Sector Decline and Economic Uncertainty

Asian and European stock markets experience a downturn following a slump in US tech stocks. Investors remain cautious as they await key economic data and central bank decisions.

4 Sources

Indian Shares Expected to Open Flat Amid Mixed Global Cues

Indian stock markets are likely to open with little change as investors weigh mixed global signals and await domestic economic data. The focus remains on upcoming inflation figures and corporate earnings reports.

2 Sources

Global Markets Retreat as Middle East Tensions Persist

Global stock markets and oil prices experience a downturn following a recent rally, while concerns over the ongoing Middle East conflict continue to influence investor sentiment.

3 Sources

BigBasket's Quick Commerce Comeback and PB Fintech's Market Rally

BigBasket revives its quick commerce service amid fierce competition. Meanwhile, PB Fintech experiences a significant stock market rally, driven by positive financial results and growth prospects.

2 Sources

Elon Musk Backs California Bill for Mandatory AI Safety Tests

Elon Musk, CEO of Tesla and owner of X (formerly Twitter), has expressed support for a California bill that would require safety tests on AI models before their release. The bill aims to ensure responsible development and deployment of artificial intelligence technologies.

7 Sources

Asian Stocks Waver as Markets Await Nvidia Earnings and React to Canada's EV Tariffs

Asian stock markets show mixed performance as investors anticipate Nvidia's earnings report and respond to Canada's new tariffs on Chinese electric vehicles. The tech sector remains in focus amid ongoing economic uncertainties.

2 Sources

Elon Musk Backs California's AI Safety Bill, Surprising Tech Industry

Elon Musk, known for his cautious stance on AI, has unexpectedly thrown his support behind California's AI safety bill SB 1047. The bill aims to regulate AI development and ensure safety measures in the rapidly evolving field.

10 Sources

International Panel of Experts to Judge 2025 FICO Decisions Awards

FICO announces a distinguished panel of judges for the 2025 FICO Decisions Awards, recognizing excellence in AI, machine learning, and decision management.

2 Sources

LG Electronics Considers India IPO to Boost Global Revenue Goals

LG Electronics is exploring the possibility of an initial public offering (IPO) for its Indian unit as part of its strategy to achieve a global revenue target of $75 billion by 2030. This move could potentially value the Indian business at over $5 billion.

6 Sources

Indian Tech Giants Establish AI Ethics Boards Amid Rapid AI Adoption

Major Indian technology companies are swiftly setting up AI ethics boards to address the ethical challenges posed by the rapid adoption of artificial intelligence. This move reflects the growing awareness of AI's impact and the need for responsible development.

2 Sources

S&P 500 and Nasdaq Close Lower as Nvidia Dip Weighs on Markets

The S&P 500 and Nasdaq ended lower on Monday, primarily due to a decline in Nvidia's stock. Despite this, the Dow Jones Industrial Average managed to eke out a small gain.

3 Sources

Tuya Inc. Announces Q2 2023 Results and Special Dividend Declaration

Tuya Inc., a global IoT development platform service provider, reports strong Q2 2023 financial results and declares a special cash dividend, signaling confidence in its financial position and commitment to shareholder value.

2 Sources

Mark Zuckerberg's Foundations Sell Over $88 Million in Meta Platforms Stock

Meta Platforms CEO Mark Zuckerberg's philanthropic organizations have sold a significant amount of company stock. The sale, totaling over $88 million, has raised questions about the motivations behind the move and its potential impact on Meta's stock price.

2 Sources

Convin Secures $6.5 Million in Series A Funding for AI-Powered Platform Expansion

Convin, an AI-powered platform for sales teams, has raised $6.5 million in a Series A funding round. The company plans to use the funds for product development, market expansion, and team growth.

5 Sources

Samsung Commits to 7 Years of Updates for Smart TVs, Starting with 2023 Models

Samsung announces an extended support period for its Tizen-based smart TVs, promising seven years of updates. This move aligns with the company's sustainability efforts and enhances user experience.

3 Sources

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