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☆ Web search as you know it is dead: Microsoft's and Google's new AIs are about to transform how you look for information online
▼ + stars: | 2023-02-08 | by ( Beatrice Nolan | James Dean | ) www.businessinsider.com time to read: +4 min

AI-boosted search engines from Microsoft and Google are set to change the way we search the web. New versions of Google Search and Bing are meant to give conversational answers to complex queries. It's "more like just asking a personal assistant to do something," an AI expert told Insider. Nadella said in media interviews Tuesday that the AI-powered overhaul of web search represented "a new paradigm" for the industry. The new search AIs draw their answers from the web at large, and information on the web isn't always accurate, to say the least.

☆ Elon Musk thinks some of ChatGPT's responses are 'concerning'
▼ + stars: | 2023-02-07 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Elon Musk has taken issue with some of ChatGPT's responses. Among them, apparently, is Elon Musk, the CEO of Twitter and one of the founders of OpenAI, which created ChatGPT. On Monday, in response to a retweet of a screenshot of a ChatGPT's answer to a question about a hypothetical scenario involving racial slurs, Musk said, "Concerning." It was unclear which part of the response Musk was referring to. Researchers said in December that ChatGPT appeared to be capable of passing the US medical-licensing exam, though the research was still being peer-reviewed.

☆ Analysis: Dollar's gyrations raise hedging costs for U.S. companies
▼ + stars: | 2023-02-06 | by ( Laura Matthews | ) www.reuters.com time to read: +5 min

Currency volatility drove the J.P. Morgan VXY G7 Index (.JPMVXYG7) in September to its highest in more than two years. Volatility, which causes wider bid-ask spreads and makes hedging more expensive, is causing companies to reassess their hedging programs. SPREADING BETSAnother way businesses are trying to minimize hedging costs is by spreading currency management around to more brokers outside of their main clearing banks, hedging advisors said. Revenue at Argentex Group, a riskless principal broker, has risen 63% from to 2021 as FX volatility elevated corporate hedging needs. While currency gyrations have ebbed and hedging costs have declined, “volatility and inflation remain a concern for many companies,” Kyriba’s Gage said.

☆ India Budget 2023: Here's what the experts say
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +13 min

"This budget, therefore, has rewritten the rules for financilisation of savings in India, which will induce expenditures rather incentivise savings. LAKSHMI IYER, CEO-INVESTMENT ADVISORY, KOTAK INVESTMENT ADVISORS LTD"India budget 2023 has offered a multi-dimensional view. The 3 Cs which stand out are - Capex increase - consumption boost - capital gains tax status quo. Additionally, the budget has provided significant direct tax benefits to individuals which will help increase disposable income and support spending. The budget keeps in mind the needs of future India while focusing on Artificial Intelligence and machine learning.

☆ India's FY24 gross borrowing could be less than expected -economists
▼ + stars: | 2023-01-25 | by ( Reuters Staff | ) www.reuters.com time to read: +3 min

MUMBAI (Reuters) - India’s central government’s gross market borrowings for 2023/24 could come in below market expectations as a pool of securities raised to compensate states for a shortfall in goods and services tax may not be rolled over, a few economists said. The government’s gross borrowing is expected to be a record 16 trillion rupees (about $196 billion) for the fiscal year through March 2024, according to a Reuters poll of economists. Once we knock these off, the ‘true’ gross borrowing comes to 15.8 trillion rupees,” the economists estimated. India borrowed 1.1 trillion rupees and 1.59 trillion rupees in 2020-21 and 2021-22, respectively, to lend to states and compensate for a revenue shortfall from tax collections. After adjusting for the redemption of such bonds in 2022-23, IDFC First Bank expects gross borrowing of 15.50 trillion rupees.

Companies Coal India Ltd FollowSINGAPORE/NEW DELHI, Jan 17 (Reuters) - India's power utilities will likely boost coal imports this year to cope with surges in demand, made worse over the past year by extreme temperatures, and with freight bottlenecks that are disrupting domestic coal supplies, analysts and officials said. Coal imports by Indian utilities more than doubled to 42 million tonnes during the first eight months of this fiscal year from April, compared with the year-ago period, despite an 11.9% increase in domestic coal supplies to utilities. Reuters GraphicsExtreme weather conditions have put an additional strain on power supplies. Disruptions to coal supply lines due to rail car shortages have compounded the problem, limiting the effectiveness of increased domestic coal production. Reuters GraphicsTrains made available by the Indian Railways to Coal India (COAL.NS), which produces 80% of India's coal, have fallen short of monthly targets for at least 21 months, government data shows.

BENGALURU, Jan 6 (Reuters) - A budget that accelerates fiscal consolidation would give more support to the Indian rupee in the near term, according to a Reuters poll of FX analysts who forecast the currency would erase a fifth of last year's losses over the next 12 months. A majority of FX analysts, 11 of 17, said a Feb. 1 budget that focuses on fiscal consolidation would help the Indian rupee the most in the near term. None of the respondents expected the rupee to be stronger than 75 per dollar, where it started 2022, at any point this year. Abhishek Upadhyay, senior economist at ICICI Securities Primary Dealership, said the "fiscal deficit is still too high and needs to be reduced" for the rupee to find some support. "High fiscal deficit will hurt the savings-investment balance, curb improvement in current account deficit, and complicate the RBI's efforts to temper inflation pressures."

☆ India tribunal declines Google's request to block Android antitrust ruling
▼ + stars: | 2023-01-04 | by ( Arpan Chaturvedi | ) www.reuters.com time to read: +1 min

NEW DELHI, Jan 4 (Reuters) - An Indian tribunal on Wednesday declined a request by Google to block an antitrust ruling that ordered the tech giant to change its approach to its Android platform, dealing the U.S. firm a setback in a key growth market. During the hearing, Google's counsel, Abhishek Manu Singhvi, repeatedly pushed for putting the decision on hold, or extending the date of implementation of CCI's directives beyond Jan. 19. He said the CCI's decision will force the company to change its business model and harm consumer interest. The CCI investigators "copy-pasted extensively from a European Commission decision, deploying evidence from Europe that was not examined in India", Google alleged. Reporting by Arpan Chaturvedi and Munsif Vengattil in New Delhi; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

☆ An ex-Adidas designer who helped launch Yeezy's is trying to make it easy for anyone to start a sneaker brand
▼ + stars: | 2022-12-15 | by ( Matthew Kish | ) www.businessinsider.com time to read: +6 min

Fctry Lab also will help smaller brands get products to market through consulting and possibly investments. Industry experts said Fctry Lab will give young sneaker companies easier access to the tools and expertise needed to get sneakers to market. "The alternative (to Fctry Lab) is get on a plane, go to China, and figure it out." Eventually, Fctry Lab could be turning out small batches of shoes and serving as a sort of music studio for sneaker-makers. The $6 million, which Fctry Lab considers a seed round, will be used to grow the business.

☆ Asia's year in review: Who had it good — and who had it bad — in 2022
▼ + stars: | 2022-12-15 | by ( Curtis Chin | Jose Collazo | ) www.cnbc.com time to read: +7 min

As the new year approaches, we turn again to our annual look at Asia's winners and losers. Government and business leaders in every major economy — China now included — may well hope 2023 is the year when draconian pandemic-related lockdowns become a matter of history. Underscoring the Taiwanese tech industry's critical role, a Semiconductor Industry Association (SIA)/Boston Consulting Group 2021 study found that 92% of the world's most advanced semiconductor manufacturing capacity is located in Taiwan. With numbers like those, Taiwan's semiconductor industry ends the year on the move, still building ties and winning growing support from business and government in the United States and elsewhere. Mixed Year: Asia's 'love' for cryptoAs in much of the world, investors in Asia — once bedazzled if not bewitched by the crypto industry — end the year in a mixed mood.

☆ 'You're going to come back', Hamilton tells retiring Vettel
▼ + stars: | 2022-11-17 | by ( Abhishek Takle | ) www.reuters.com time to read: +3 min

ABU DHABI, Nov 17 (Reuters) - Seven-times world champion Lewis Hamilton said on Thursday that he expected his old rival Sebastian Vettel to make a Formula One comeback. The 35-year-old four-times champion is bowing out of the sport after the Abu Dhabi Grand Prix on Sunday but Hamilton believes the 53-time grand prix race winner will find the lure of F1 hard to resist. "Obviously after the change from Ferrari to Aston Martin at that time it was the first time I really thought it might be the time to stop...," he added. Vettel jokingly suggested he could agree some sort of a swap with Hamilton, who turns 38 in January but is keen on extending his Mercedes deal. "We can make a deal ... when you want to get away, maybe then (I want to come back)," he said.

☆ Red Bull driver rift adds spice to Abu Dhabi finale
▼ + stars: | 2022-11-16 | by ( Abhishek Takle | ) www.reuters.com time to read: +3 min

The Red Bull rift could bring fresh drama to Yas Marina, the circuit where last year Verstappen won his first title and denied Lewis Hamilton a record eighth in a massively controversial clash. read moreVerstappen has little at stake this time, having wrapped up his second title in Japan last month, but can expect a grilling from the world's media after leaving his motives a mystery at Interlagos. read morePerez acidly accused Verstappen of showing "who he really is" in refusing to hand back a place as requested by Red Bull who want the Mexican to end the season second overall. "I am sure that this race will bring back plenty of happy memories from the last 15 years," said the 35-year-old. The German could join them on the sidelines with Haas widely tipped to announce Nico Hulkenberg alongside Kevin Magnussen for next season.

☆ New Delhi’s air pollution leaves residents gasping for breath
▼ + stars: | 2022-11-14 | by ( Gafira Qadir | ) www.nbcnews.com time to read: +5 min

By the first week of November, New Delhi’s air quality index was 472, high enough to affect healthy people while having a serious impact on those with existing conditions. In some areas of the city, the reading exceeded 800, according to the Delhi Pollution Control Committee, a regulatory body. Experts say exposure to low air quality levels increases the risk of respiratory infections, heart disease and lung cancer. In response to the poor air quality, Delhi officials ordered the closure of primary schools and reduced outdoor activities for older students from Nov. 4 to 9. A government vehicle sprinkles water to control air pollution in New Delhi last month.

The rulings come as Google faces increased antitrust scrutiny across the world. Google plans to appeal the decision, where it faces a record $4.1 billion fine. The Competition Commission of India's (CCI) Android ruling, despite involving a smaller $162 million fine, has worried Google since it seeks wider ranging remedial measures, three sources aware of company's thinking said. Google has faced criticism globally that it licenses its Android operating system to smartphones players but signs restrictive agreements that are anti-competitive. The order "will give rise to more choice and innovation for Indian developers," Indus said this week.

☆ A psychiatrist explains how to deal with 'career milestone FOMO' when it seems like everyone you know is getting promoted
▼ + stars: | 2022-10-22 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Gen Z is experiencing widespread "career milestone FOMO," Dr. Anisha Patel-Dunn told Insider. There is a widespread "career milestone FOMO" among young Americans, Dr. Anisha Patel-Dunn, a psychiatrist of college-aged students and Chief Medical Officer at LifeStance Health, told Insider. "Social media also plays a role in the "FOMO" experience because it increases your exposure to other people's lifestyles and standard of living." This "milestone FOMO" is not just a US phenomenon either. And with the emergence of social media platforms like Twitter and LinkedIn over the past decade, he says things have gotten even worse.

☆ India cenbank's FX intervention via forwards may hamper rupee's defence -analysts
▼ + stars: | 2022-10-17 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

MUMBAI, Oct 17 (Reuters) - The Reserve Bank of India's (RBI) forex intervention through forward dollar sales instead of an on-spot basis may undermine its effort to boost the rupee, analysts said. The central bank has been selling dollars in spot and conducting buy/sell swaps to shift the delivery of dollars to a future date. Register now for FREE unlimited access to Reuters.com RegisterA buy/sell swap involves an agreement to buy dollars at the spot date and to sell dollars at a future predetermined rate. The difference between the sell rate and the buy rate is the forward premium. Meanwhile, the fall in premiums also dissuades exporters to sell dollar forward.

☆ India's property market has a lot of growth ahead, says real estate firm
▼ + stars: | 2022-10-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndia's property market has a lot of growth ahead, says real estate firmAbhishek Lodha of Lodha Group says the Indian property market is at the start of a "long-term upcycle."

☆ This solar power stock could double as more people install panels, Northland says
▼ + stars: | 2022-09-28 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Solar energy company Sunrun could see its share price double as it grows is residential business, according to Northland Capital Markets. Analyst Abhishek Sinha initiated Sunrun at a $60 price target, which would be a nearly 100% jump from its current price of $30.24. Sinha said the company stands to gain as the residential solar market grows 10% to 15% each year in 2022 and 2023 despite headwinds. "We believe this is just the very beginning of a secular bull market thesis as residential solar should become more widely prevalent greatly benefiting companies like RUN," Sinha said in a note to clients. Sinha cited data from Wood Mackenzie showing solar deployment should increase by 40% over the next few years, further bolstering the expectation of increasing demand .

☆ 'Love Is Blind' stars Deepti and Kyle no longer together days after relationship confirmed
▼ + stars: | 2022-09-20 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

Though “Love Is Blind” Season 2 cast members Deepti Vempati and Kyle Abrams just recently revealed in the post-finale show reunion that they were a couple, they are now broken up. “I understand many of you are curious as to where Deepti and I stand today,” Abrams wrote in a posting on his verified Istagram account. The obvious attraction between Abrams and Vempati sparked speculation from viewers that they were dating and they decided to give their relationship a try. In his note, Abrams thanked everyone “who has followed our journey through arduous vulnerability and has supported us along the way.”He also gave a current relationship status. “I have since embarked on a new relationship which I intend to keep private for a bit,” he wrote.

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