DIRS.INFO The most relevant business & tech news

☆ Threads is like joining Twitter all over again, just less lonely
▼ + stars: | 2023-07-07 | by ( Spriha Srivastava | ) www.businessinsider.com time to read: +2 min

Threads feels a lot like joining Twitter in its early days. A lot of its energy comes from people enjoying watching the downfall of Twitter. Threads feels like the early days of Twitter. MetaBut it differs from Threads in one important way: Early Twitter was also...kind of lonely. Like a lot of others on Threads right now, the new app harks bark to brighter days of early Twitter — hopefully the calm doesn't turn into chaos.

Persons: Hasan Chowdhury Organizations: Twitter Locations: Meta

BENGALURU, July 6 (Reuters) - The U.S. dollar will hold its ground against most major currencies for the rest of the year despite expectations of narrowing interest rate differentials as the U.S. economy stays resilient, according to FX strategists polled by Reuters. "The tightness of the U.S. labour market may help the economy and the dollar in the very short term," said Kit Juckes, chief FX strategist at Societe Generale. "Even if we see (interest) rate convergence, it seems unlikely a new major euro uptrend will start without stronger growth." Indeed, a majority of common contributors showed the dollar view against most major currencies for the coming six months has been either upgraded or kept unchanged from a month ago. "The dollar is getting a tailwind from the Fed ... the current strength is on a repricing of the Fed (rate) higher," said John Hardy, head of FX strategy at Saxo Bank.

Persons: Jerome Powell, Kit Juckes, Jonas Goltermann, Sterling, John Hardy, Indradip Ghosh, Shaloo Srivastava, Sarupya Ganguly, Anitta Sunil, Veronica Khongwir, Hari Kishan, Ross Finley, Matthew Lewis Organizations: U.S, Reuters, Federal Reserve, European Central Bank and Bank of England, Societe Generale, Futures Trading Commission, Capital Economics, Saxo Bank, Thomson Locations: BENGALURU, U.S, Europe, Asia, Britain, Bengaluru

☆ Maruti Suzuki goes upmarket in India with new seven seater
▼ + stars: | 2023-07-05 | by ( Aditi Shah | ) www.reuters.com time to read: +3 min

[1/3] Hisashi Takeuchi, MD & CEO of Maruti Suzuki India Ltd. and Shashank Srivastava, Senior Executive Officer, Marketing and Sales of Maruti Suzuki India Ltd., pose after the launch of multi-purpose vehicle Invicto in Gurugram, India, July 5, 2023. REUTERS/Sunil KatariaNEW DELHI, July 5 (Reuters) - Maruti Suzuki, India's biggest automaker, is looking to break into the premium car segment with its new seven seater, as a growing number of buyers opt for bigger, feature-packed cars. Maruti, known for small and compact cars that are mostly priced below 1 million rupees ($12,000), on Wednesday launched the Invicto seven seater with a hybrid powertrain starting from around 2.5 million rupees ($30,000). Maruti, majority owned by Japan's Suzuki Motor (7269.T), made its name as a mass market car brand offering affordable prices and low maintenance costs. When it comes to premium cars, or those typically priced above 2 million rupees, buyers tend to turn to the likes of Toyota Motor (7203.T) or Volkswagen (VOWG_p.DE), say analysts.

Persons: Hisashi Takeuchi, Shashank Srivastava, Sunil Kataria, Maruti Suzuki, Takeuchi, Japan's Suzuki, Srivastava, Aditi Shah, Mark Potter Organizations: Maruti Suzuki India Ltd, REUTERS, Maruti, India's, Wednesday, Japan's, Toyota Motor, Volkswagen, Thomson Locations: Gurugram, India, DELHI

☆ China slams the West for 'hyping up' the concept of 'de-risking.' Here's what it means and why China is so worried.
▼ + stars: | 2023-06-27 | by ( Spriha Srivastava | ) www.businessinsider.com time to read: +4 min

The US-China trade war has impacted manufacturing exports, particularly in the semiconductor industry. Opening Plenary with Li Qiang, Premier of the People's Republic of China World Economic Forum/Benedikt von LoebellWhy does de-risking matter? According to the Peterson Institute for International Economics, the trade war of 2018-19 devastated US exports to China. A big sticking point for the two nations is the US manufacturing exports to China. "Prior to the trade war, manufacturing was 44 percent of total US goods and services exports to China — the largest component of pre-trade war commerce.

Persons: Li Qiang, Li, —, Ursula von der Leyen, Benedikt von Loebell, Trump, Morgan, JP Morgan Organizations: Service, European, Economic, Peterson Institute for International Economics, Peterson Institute, Semiconductor Industry Association Locations: China, West, Davos, Tianjin, decouple, People's Republic of China, China —, East Asia, Taiwan, South Korea

☆ China opens its doors to the world by kicking off its first in-person 'Summer Davos' since the pandemic
▼ + stars: | 2023-06-27 | by ( Spriha Srivastava | ) www.businessinsider.com time to read: +3 min

The Chinese city of Tianjin is hosting the World Economic Forum's "Summer Davos." Chinese Premier Li Qiang opened the conference, acknowledging global challenges and warning about future public health crises. Saudi Arabia has sent a top delegation to the event, reflecting the importance of its oil trade relationship with China. C-suite executives, government officials, and media members from all over the world have made their way to attend the first in-person World Economic Forum, or WEF, event in China since the pandemic began. The WEF's three-day "Summer Davos" will see over 1,500 participants discuss topics centered around "Entrepreneurship: The driving force of the global economy."

Persons: Li Qiang, —, Li, PASCAL BITZ, Xi Jinping Organizations: Service, Entrepreneurship, New, People's, Economic, China's, Financial Times Locations: Tianjin, Davos, Saudi Arabia, China, Local, People's Republic of China, Kingdom

☆ Thompson Twins Are Ready for the N.B.A., but Not to Split Up
▼ + stars: | 2023-06-25 | by ( David Gardner | Maansi Srivastava | ) www.nytimes.com time to read: +1 min

Even then, they were apprehensive about climbing the ladder to an observation deck that isn’t open to the public. Then they went to a court to shoot a segment with the “Today” show, went to two brand photo shoots and finished the day working out with the popular N.B.A. On Wednesday, they did a series of interviews arranged by the N.B.A. After Ausar hit a deep 3-pointer over the fence, they returned to their hotel to try on their suits. They also teased the idea of trading places with each other when they were selected, to see if anyone noticed.

Persons: Chris Brickley, curt, Ausar, Waraire Boswell, Amen Organizations: Empire, Barclays Center, The New York Times Locations: Brooklyn

☆ How to create with AI, including art, music, and writing, according to people who've written songs, stories, and letters
▼ + stars: | 2023-06-13 | by ( Jack Sommers | ) www.businessinsider.com time to read: +5 min

These five people used the tools to make content including a song and a commercial. A song for EurovisionInsider's Chloe Pantazi was underwhelmed by this year's Eurovision song contest. But ChatGPT gave him the space to experiment with the writing in a way he didn't feel comfortable with before. Insider produced a step-by-step guide of how to use it and Craiyon, another free tool that uses AI to generate images. Read more: I used Lensa, the chart-topping app, to make myself a masterpiece digital work of art — here's how it works

Persons: —, ChatGPT, Chloe Pantazi, Sweden's, Pantazi, Spriha Srivastava, Luke Skywalker, Darth Vader, Matt Huculak, Huculak, Read, Elon Musk, . DALL, OpenAI, Lensa, Bethany Biron, Elizabeth Holmes, Biron Organizations: Service, Eurovision, University of Victoria, University of Cambridge Locations: British Columbia, Canada, Cambridge

☆ New York's suffocating smog reminds me what life was like growing up in Delhi
▼ + stars: | 2023-06-08 | by ( Spriha Srivastava | ) www.businessinsider.com time to read: +3 min

I spent more than two decades of my life in Delhi and battled with poor air quality every day. New York's smog situation brings back memories of what it was like growing up in Delhi. I spent more than two decades in the Indian capital and saw its air quality go from bad to worse. I stopped going to the doctor because they would often attribute this to "severe air pollution" and tell me to resort to home remedies. There are more than 11 million registered vehicles in Delhi and they play a big role in the unhealthy air quality.

Persons: they've, Spriha Srivastava Organizations: Service Locations: Delhi, New York, New Delhi, India

☆ Millennials and Gen Zers are the most concerned about AI and their jobs
▼ + stars: | 2023-06-08 | by ( Josée Rose | ) www.businessinsider.com time to read: +3 min

Millennials and Gen Zers are "extremely or very" concerned about how AI will affect their careers. Gen Zers haven't lived through as many tech evolutions as Gen Xers and Boomers. Indeed, Insider's UK bureau chief, Spriha Srivastava, has written how the flurry of Gen AI tools is getting out of control , creating a generational divide. These types of efforts are meant to help "demystify the impact that Gen AI has on our jobs," Torchia said. "We have a responsibility to train people on how to responsibly use Gen AI to get work done."

Persons: Millennials, Zers, Gen Zers haven't, Xers, Sandy Torchia, Gen Zers, Gen Xers, Torchia, they've, They've, Torchia siad, Spriha Srivastava, Matt Turner, There's Organizations: Service, KPMG Talent Survey, Boomers, Insider's, PwC, KPMG

☆ New Yorkers are getting a taste of what it's like to live in the pollution of Delhi, Doha, and Shanghai
▼ + stars: | 2023-06-08 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

The US didn't always have the clean air many of us are used to. This week I didn't expect my texts to be about air quality. New Yorkers and others are getting a taste of what it can be like to live in Doha, Qatar, and Shanghai, where at least air pollution appears to be improving. When the first Earth Day took place in April 1970, air pollution was a major problem in most US cities. Those actions have since made such a difference that many of us are now shocked by what poor air quality looks like.

Persons: —, I'm, he'd, Spriha Srivastava, Eric Adams, Julia LeMense, wasn't, Nixon, Robert Kremens, Rachel Carson's, Kremens, I've Organizations: Service, Yorkers, . New York, Wednesday, World Health Organization, Chester, Carlson Center, Imaging Science, Rochester Institute of Technology, Act Locations: York, New York, New York City, Manhattan, Detroit, Washington, Lahore, Pakistan, Hotan, China, Bhiwadi, India, Delhi, , New York City, . New, it's, Doha, Qatar, Shanghai, Donora , Pennsylvania, Cleveland, LA, Rochester , New York, Montana, Utah

☆ Sam Altman says he worries making ChatGPT was 'something really bad' given potential AI risks
▼ + stars: | 2023-06-08 | by ( Spriha Srivastava | ) www.businessinsider.com time to read: +2 min

Sam Altman said he worried creating ChatGPT was "something really bad" given the risks AI poses. OpenAI CEO Sam Altman has admitted to losing his sleep over the dangers of his creation ChatGPT. In a conversation during a recent trip to India, Sam Altman said he worries the over the idea that he may have done "something really bad" by creating ChatGPT, which was released in November and sparked a surge of interest in AI. The risks are highA number of tech leaders and government officials have raised concerns about the pace of development of AI platforms. Earlier this month, Altman was among more than 350 scientists and tech leaders who signed a statement expressing deep concern over AI risks.

Persons: Sam Altman, Satyan Gajwani, Altman, Elon Musk, Steve Wozniak Organizations: Times Internet, Morning, Economic Times, Life Institute, Elon, Apple Locations: New Delhi, Israel, Jordan, Qatar, UAE, India, South Korea

☆ 10 Things in Tech: Apple's big metaverse push
▼ + stars: | 2023-06-05 | by ( Hallam Bullock | ) www.businessinsider.com time to read: +4 min

This week, Apple is preparing to do what no tech firm has managed yet: make the metaverse cool. Apple is ready to enter its metaverse era, but the rest of the world might not be. Some people think it's unwise to ramp up efforts to push into the metaverse — especially at a time when the metaverse is said to be headed to the industry's graveyard of failed ideas. However, it's also unwise to bet against Apple — a company whose epic feats in tech have earned its leaders cult-like status. It's quick, stylish, and high-tech, Insider's Tim Levin writes, but it falls short in range and cargo space.

Persons: Hallam Bullock, Tim Cook, Stephen Lam, Insider's Hasan Chowdhury, Apple, it's, Patrick O'Neill, Elizabeth Holmes, Lisa Lake, Theranos, Holmes, Read, Elon, Spriha Srivastava, Gray, Kia, Tim Levin, Kia's, Jack Sommers Organizations: Apple, Developers, Bloomberg, Apple —, Starco Brands, Forbes, Getty, Nvidia, Google, Challenger, Wireless, Amazon Prime Locations: London, Theranos, China, Shanghai

☆ Matt Onofrio quickly made millions as a real-estate influencer. Then he was indicted for bank fraud.
▼ + stars: | 2023-06-04 | by ( Matt Turner | ) www.businessinsider.com time to read: +6 min

That was the verdict a top tech executive shared with me recently, describing the impact he predicted AI would have on the workforce. The unfolding situation has the potential to cast Onofrio as a real-estate confidence man for the influencer age. Also read:Wall Street's new normalPeople walk by a Lamborghini car along Wall Street in Manhattan. In that environment, any fool — or anyone on Wall Street — could buy almost any asset, sit back, and watch its value increase. Wall Street is hoping that — and investing like — we're going back to that era sometime soon.

Persons: Matt Turner, Nicholas Braun, Greg Hirsch, AI's, Lance McMillan, Matt Onofrio, he'd, Spencer Platt, There's, Insider's Linette Lopez, ANDREW CABALLERO, REYNOLDS, OPMs, Spriha Srivastava, OpenAI, Nicole Miranda, Elizabeth Holmes, Hallam Bullock, Bob Bryan, Hana R, Alberts Organizations: Toronto Star, Getty, Lamborghini, Getty Images, Tech Locations: California, Midwest, Manhattan, Washington ,, Florida

☆ AI is getting out of control and it's creating a generational divide
▼ + stars: | 2023-06-02 | by ( Spriha Srivastava | ) www.businessinsider.com time to read: +6 min

There's a sense of déjà vu, similar to the digital revolution, and it's led to a generational divide. Tech leaders are also worried. While in many instances these digital innovations brought people closer, helped families bond, and gave people a tool to voice their feelings and opinions, for many others, it created a divide between generations — a digital divide. The letter read: "We call on all AI labs to immediately pause for at least 6 months the training of AI systems more powerful than GPT-4. This can result in a digital divide, where some people have limited access to technology or lack the necessary digital skills to effectively engage with AI systems and other emerging technologies.

Persons: It's, it's, Bard, —, haven't, Mona Lisa, Elon Musk, Steve Wozniak, Sam Altman, OpenAI, Bill Gates, aren't, Spriha Srivastava Organizations: Tech, Facebook, Twitter, Adobe, Life Institute, Elon, Apple

There are "more questions than answers" surrounding Skyworks Solutions , BMO Capital Markets said in its downgrade of the company. "Semi stocks typically do not do well with [general margins] headwinds, especially when they are longer in duration," he added. The analyst noted that Skyworks has not had general margins below 50% since 2015. He added that while general margins in the second fiscal quarter were in line, outlook for the next two quarters is flat. Furthermore, Skyworks' recovery in China has been slower than anticipated, leading to underutilization of its factory network, according to Srivastava.

☆ I use ChatGPT to write stories for my 5-year-old. It's fun, innovative, and makes bedtime less stressful.
▼ + stars: | 2023-04-22 | by ( Spriha Srivastava | ) www.businessinsider.com time to read: +3 min

The challenge is coming up with new stories, so I used ChatGPT to come up with bespoke, fun tales. With the help of our son, we write prompts for ChatGPT and then read that story before sleep time. And so, I tapped my new friend for help – ChatGPT. They have pros and cons, but when ChatGPT can write a bedtime story for your kid and he loves it, it's a win-win. Spriha SrivastavaThe challenge now is to limit our bedtime creative exercise to one story a day.

☆ People Can't Get Ozempic, New Weight-Loss Drugs Because of Broken Healthcare System
▼ + stars: | 2023-04-13 | by ( ) www.businessinsider.com time to read: +15 min

Wegovy is just one of a wave of revolutionary weight-loss drugs, which also includes the buzzy Ozempic, that represents a watershed moment for obesity treatment. Demand for weight-loss drugs is surgingDoctors and healthcare professionals searched for a healthy, safe, and effective weight-loss solution for years before the drugs, known collectively as GLP-1 agonists, exploded on the scene. If there is one key that could unlock access to expensive weight-loss drugs for Americans, it's Medicare. Expanding coverage for Ozempic and other weight-loss drugs for just a small segment of the population could cost Medicare up to $26.8 billion a year. Patients lose outYears from now, patients may have an easier time getting their hands on weight-loss drugs.

☆ How bad is the banking crisis?
▼ + stars: | 2023-03-20 | by ( Spriha Srivastava | ) www.businessinsider.com time to read: +7 min

The Fed along with five other central banks announced coordinated action to reassure global banks. To make sense of those acronyms, GFC refers to the global financial crisis of 2007 to 2009, EZ crisis is the Eurozone crisis of 2009 onwards, temper tantrum likely refers to the taper tantrum of 2013, and the Covid 3/20 shock is when global markets went haywire in the early stages of the pandemic. So, you might be wondering: Just how bad is the banking crisis? "It means the banking crisis we've seen over the past few weeks has started a new chapter rather than reaching its ending." After the 2008 financial crisis, the Bank of International Settlements (BIS) made it necessary for all European banks to issue CoCo bonds.

☆ Business Technology Chiefs Question ChatGPT’s Readiness for the Enterprise
▼ + stars: | 2023-02-15 | by ( Angus Loten | Chris Bedi | ) www.wsj.com time to read: +7 min

Yet some business-technology professionals are uneasy about integrating it into the enterprise stack, citing concerns over its use of online data and security risks. But at the moment, ChatGPT “should be used with caution in an enterprise business setting,” she said. Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. For now, Mr. Schmidt said, generative AI capabilities should be reserved for writing corporate boilerplate—product or service announcements, or other promotional materials. For enterprise information-technology, “ChatGPT use cases might be a smaller universe than people are imagining,” he said.

☆ Uncertain Economy Spurs Growth in AI-Powered Office Automation
▼ + stars: | 2023-02-02 | by ( Angus Loten | ) www.wsj.com time to read: +6 min

Corporate technology leaders are leaning on artificial intelligence and other software automation tools to help companies grow without hiring additional workers anytime soon. Diogo Rau, chief information and digital officer at Eli Lilly. The reports are often filled with scientific terms that require professionals to decipher, Mr. Rau said. Similarly, Mr. Rau is applying natural-language models to produce in-house clinical reports, replacing on-staff medical writers. All told, Gartner expects global enterprise spending on AI and other software automation systems this year to reach $728.9 billion, up from $643.3 billion in 2022.

☆ CIOs Nominate Their Favorite Reads of 2022
▼ + stars: | 2022-12-28 | by ( Tom Loftus | ) www.wsj.com time to read: +9 min

Chief information officers, ever alert to any development in a field that only hurtles forward, largely reflected that alacrity in their choice of reading during 2022. PREVIEWChris Bedi, chief digital information officer, ServiceNow Inc. Photo: IBM Corp.Ron Guerrier, chief information officer, HP Inc. Photo: Cisco Systems Inc.Fletcher Previn, chief information officer, Cisco Systems Inc. Photo: Home Depot Inc.Fahim Siddiqui, chief information officer, Home Depot Inc.

☆ Analysis: European food delivery shapes up with Getir's Gorillas buy
▼ + stars: | 2022-12-11 | by ( ) www.reuters.com time to read: +6 min

QUICK COMMERCEThe Gorillas acquisition makes Getir Europe's largest quick commerce company. LESS CAPITAL, FEWER COUPONSMore than a dozen smaller European quick commerce companies failed or were acquired since mid-2021. While profits may still be distant for the privately-held quick commerce companies, Europe's listed meal delivery companies have all set formal targets for earnings before interest, taxes, depreciation and amortisation (EBITDA). Shares in the European delivery companies are down around 60% from a year ago, but have traded sideways since June. So to "all the naysayers saying 'quick commerce is over - No.

☆ Products Made With Captured Greenhouse Gas Are Reaching Commercial Scale
▼ + stars: | 2022-11-28 | by ( Dieter Holger | ) www.wsj.com time to read: +6 min

Straws, bottles and packaging made with captured greenhouse-gas are starting to reach commercial scale, offering a way for businesses making and using everyday products to reduce emissions contributing to global warming. Origin Materials Inc. and Newlight Technologies Inc. are trying to meet that demand by bringing factories online that use captured emissions to manufacture materials used to make products including clothes, tires and plastic bottles. Sourcing and transporting raw inputs and captured CO2 are crucial to a product’s so-called carbon-negative credentials, meaning more CO2 is stored than created. The private company sources captured emissions from dairy farms, ethanol plants and landfills, and is expanding into coal mines and exploring direct-air capture. Competitor Origin Materials has a different approach to acquiring captured emissions and plans for its first commercial-scale factory to come online next year.

☆ Insiders say Elemy often couldn't deliver on its promise to provide quick access to autism care
▼ + stars: | 2022-10-16 | by ( Jordan Parker Erb | Spriha Srivastava | ) www.businessinsider.com time to read: +4 min

On the agenda today:But first: Senior healthcare reporter Shelby Livingston is giving us a behind-the-scenes look at her reporting on Elemy, a startup that insiders say often failed to provide the quick access to autism care that it had promised. This week, I reported how SoftBank-backed Elemy aimed to transform autism care — but insiders say the $1.15 billion startup overpromised on its capacity to treat kids. More than 20 former and current employees spoke with me for this story. After an initial assessment, Elemy told them they'd be in therapy in no more than eight weeks. Here's what Compass insiders told us.

☆ Coal miner Bumi Resources to receive $1.6 bln capital to pay off debt
▼ + stars: | 2022-10-11 | by ( Fransiska Nangoy | ) www.reuters.com time to read: +2 min

JAKARTA, Oct 11 (Reuters) - Shareholders of Indonesia's largest coal miner PT Bumi Resources on Tuesday approved a share sale plan worth $1.6 billion to companies controlled by billionaire Anthoni Salim, aimed at helping the miner repay longstanding debt. Mach Energy is jointly controlled by conglomerates Bakrie Group and Salim Group, while 85% of TGIL is controlled by Salim, according to a prospectus released prior to the shareholders meeting. Bumi went through a court-led debt restructuring process in 2016 and its outstanding debt from the restructuring is estimated at roughly $1.5 billion currently, according to the prospectus. After the sale, the new investors will gain a combined stake of around 58% of Bumi Resources. Dileep said Bumi would be jointly controlled by Salim and the Bakrie Group - which is led by another Indonesian tycoon, Aburizal Bakrie - after the share sale.

Search resuls for: "Srivastava"

25 mentions found