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Category: Business News

15Jan

KKR Raises $2.5B for Second Asia-Pacific Credit Fund

Global investment firm KKR said on Thursday that it has completed a $2.5 billion fundraising for its second credit fund focused on privately originated performing credit investments in the Asia-Pacific…
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15Jan

Alibaba upgrades Qwen AI to handle food orders and travel bookings

Beijing: Alibaba on Thursday launched significant upgrades to its Qwen artificial intelligence app, saying it could now execute tasks such as order food delivery and make travel bookings as it…
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15Jan

Toyota Industries hits record high after takeover bid, hope of higher offer

Tokyo: Shares of forklift maker Toyota Industries surged to a record high on Thursday after a sweetened bid from Toyota Motor, trading slightly above the new offer on hopes that…
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15Jan

Oracle sued by bondholders over undisclosed AI-driven debt sale

New York: Oracle was sued on Wednesday by bondholders ​who say they suffered losses because the company ‌chaired by billionaire Larry Ellison failed to disclose it needed to sell significant…
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15Jan

xAI Restricts Grok Image Editing After Sexualized Images Trigger Regulator Concerns

Elon Musk's artificial intelligence company xAI said late on Wednesday it imposed restrictions on all users of its Grok AI chatbot that limit image editing after the service produced sexualized…
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15Jan

Microsoft buys record 2.85M soil carbon credits to offset AI-driven emissions

London: Microsoft has agreed with Indigo Carbon to buy a record 2.85 million soil carbon credits linked to regenerative agriculture in the United States, as the tech giant aims to…
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15Jan

Donald Trump slaps 25% tariff on Nvidia and AMD AI chips

U.S. President Donald Trump on Wednesday imposed a 25% tariff on certain AI chips, such as the Nvidia H200 AI processor ​and a similar semiconductor from AMD called the MI325X,…
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15Jan

Saks Global’s prime real estate emerges as key leverage in post-bankruptcy talks

Saks Global's prime real estate portfolio could serve as a crucial bargaining chip with lenders as the hard-hit luxury shopping empire navigates its restructuring after filing for bankruptcy. The upmarket…
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14Jan

Apple to power Siri with Google’s Gemini under multi-year AI deal

Apple will use Google's Gemini models for its revamped Siri coming later this year under a ‌multi-year deal that deepens the tech giants' alliance in the artificial intelligence era and…
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14Jan

Spain Cabinet Backs Bill to Curb AI Deepfakes, Tighten Image Consent Rules

Madrid: Spain's cabinet on Tuesday approved draft legislation to curb AI deepfakes and tighten consent rules on images, as European states increasingly move to crack down on AI-generated sexual content.…
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