PM Modi meets Bill Gates, discussion on AI for public good take centre stage

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ANI News

New Delhi [India], March 1 (ANI): Prime Minister Narendra Modi and philanthropist Bill Gates held a dialogue centred around harnessing the power of artificial intelligence (AI) for the greater good of the public. The leaders expressed their shared commitment to sectors that hold the potential to enhance the planet and uplift millions worldwide. “A wonderful meeting indeed! Always a delight to discuss sectors which will make our planet better and empower millions of people across the globe,” said Prime Minister Modi in a post on X. The two also discussed DPI, women-led development. Microsoft co… Read More “PM Modi meets Bill Gates, discussion on AI for public good take centre stage”

Riding high on AI, Nvidia is no bubble, says Wall Street

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AFP

New York (AFP) – The emergence of AI bots like OpenAI’s ChatGPT and Google’s Bard has fueled a massive rise in share prices of chip-making juggernaut Nvidia, with its skyrocketing stock now making it the World’s fourth biggest company by market capitalization. And for Wall Street, it’s no bubble. Between the launch of ChatGPT on November 30, 2022, for example, and the market close on February 23, Nvidia’s share price increased fivefold, lifted to investor heaven by an insatiable hunger for so-called generative artificial intelligence. That day Nvidia also crossed the symbolic valuation of $2 t… Read More “Riding high on AI, Nvidia is no bubble, says Wall Street”

‘How much time he’s lost’: Jailed US reporter’s family waits for his return

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AFP

Philadelphia (AFP) – Nearly a year since US journalist Evan Gershkovich was arrested in Russia on espionage charges, his parents are counting on a “very personal” promise from President Joe Biden to bring him home. The US government has declared that Gershkovich, who categorically denies the spying accusations, is wrongfully detained, and negotiations are underway to swap him in a prisoner exchange. “He made a very personal, very strong commitment to do whatever it takes to bring Evan home and that has been tremendous for us,” Evan’s father Mikhail Gershkovich told AFP in an interview this wee… Read More “‘How much time he’s lost’: Jailed US reporter’s family waits for his return”

Are We In A Stock Market Bubble? Hedge Fund Guru Ray Dalio Weighs In, Sees Magnificent 7 Stocks As ‘Bit Frothy’

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Benzinga

The U.S. stock market is not in a bubble, according to Ray Dalio, the former co-chief investment officer of Bridgewater Associates, the largest hedge fund. Despite the market’s recent significant rallies, Dalio’s analysis suggests that the market is not exhibiting typical bubble characteristics. What Happened: In a comprehensive analysis shared on LinkedIn, Dalio detailed the indicators he uses to spot market bubbles. These include high prices compared to traditional value measures, unsustainable conditions, an influx of new and inexperienced buyers, widespread bullish sentiment, a high percen… Read More “Are We In A Stock Market Bubble? Hedge Fund Guru Ray Dalio Weighs In, Sees Magnificent 7 Stocks As ‘Bit Frothy’”

Nikkei index hits new record high in morning as tech shares rally

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Kyodo News

Tokyo stocks surged Friday morning, with the Nikkei index hitting a new all-time high, led by technology shares following record-high closes on Wall Street overnight on eased U.S. inflation concerns. The 225-issue Nikkei Stock Average rose 717.67 points, or 1.83 percent, from Thursday to 39,883.86. The broader Topix index was up 30.45 points, or 1.14 percent, at 2,706.18. The U.S. dollar rose to the lower 150 yen range after comments by Bank of Japan Governor Kazuo Ueda at a press conference in Sao Paulo Thursday suggested the central bank is not yet ready to shift from its negative interest r… Read More “Nikkei index hits new record high in morning as tech shares rally”

Watch Out Google, OpenAI: Perplexity AI Reportedly Raising Additional Money At Significantly Higher Valuation Cap Than $520M

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Benzinga

Perplexity AI, a rising star in the field of artificial intelligence, is reportedly in discussions to secure additional funding at a valuation significantly higher than its previous round. What Happened: The AI startup, which has been making waves in Silicon Valley, is in the process of raising new funds. Investors are showing keen interest in supporting Perplexity’s efforts to compete with industry giants like ChatGPT-parent OpenAI and Alphabet Inc.’s Google. The new valuation cap is notably higher than the $520 million Perplexity secured in January, reported Business Insider, citing two peop… Read More “Watch Out Google, OpenAI: Perplexity AI Reportedly Raising Additional Money At Significantly Higher Valuation Cap Than $520M”

WTO must facilitate transferring critical technology to developing countries: Brazil FM

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ANI News

Abu Dhabi [UAE], March 1 (ANI/WAM): Brazil has urged the World Trade Organisation (WTO) to meet the challenge of liberalising trade and transferring critical technologies to the developing countries for pandemic preparedness, climate mitigation and energy transition, Brazilian Foreign Minister Mauro Vieira told the Emirates News Agency (WAM). “It is important to meet the sustainable development goals (SDGs),” added the top diplomat who leads the Brazilian delegation to the WTO’s 13th Ministerial Conference (MC13) in Abu Dhabi. In an interview with WAM during the conference, he said, “As a deve… Read More “WTO must facilitate transferring critical technology to developing countries: Brazil FM”

WTO Ministerial Conference in Abu Dhabi extended by one day to reach agreement on main issues

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ANI News

Abu Dhabi [UAE], March 1 (ANI): The World Trade Organization (WTO) 13th Ministerial Conference at Abu Dhabi has been extended until Friday, March 1, to allow further discussions and facilitate outcomes on main issues. The decision was taken after WTO Director-General Ngozi Okonjo-Iweala held consultations with MC13 Chair, Thani bin Ahmed Al Zeyoudi, and the minister facilitators, WTO announced in a statement. The 13th Ministerial Conference was initially scheduled to close on February 28 at 8 pm (local time). The extension has been made after Ngozi Okonjo-Iweala called on members to go the ext… Read More “WTO Ministerial Conference in Abu Dhabi extended by one day to reach agreement on main issues”

How GenAI Can Help Find M&A Targets: Private Equity Meets Hi-Tech

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Benzinga

Private equity has shifted its stance from the days of taking over targets, with the goal of either flipping them to an interested acquirer or spinning them off into an initial public offering. Buy-side competition is heating up. PE firms are now wielding artificial intelligence (AI) to discern which companies offer reliable, scalable, and secure products, as well as give them a first-to-market advantage. According to analysts at Deloitte, generative artificial intelligence, or GenAI, can help identify the best opportunities. “Product differentiators need to be fully understood to inform the d… Read More “How GenAI Can Help Find M&A Targets: Private Equity Meets Hi-Tech”

Biden’s State Of The Union May Coincide With Government Shutdown: What To Expect, Sectors To Watch

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Benzinga

PresidentJoe Biden currently leads as the favored candidate for the Democratic nomination in the 2024 presidential election. While he’s not campaigning, Biden is busy governing the country and focusing on top priorities. Voters will hear more about those priorities and recent wins from his administration during the president’s upcoming State of the Union address. What Happened: Biden is set to give his State of the Union speech on March 7 in front of a joint session of Congress, Supreme Court justices, members of his Cabinet, military leaders and millions of viewers watching on television at h… Read More “Biden’s State Of The Union May Coincide With Government Shutdown: What To Expect, Sectors To Watch”