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News on Medial
RELX sees AI driving another year of strong growth
Reuters
·
1y ago
Medial
RELX, the information and analytics group, expects strong performance in 2024 driven by demand for its new generative AI products. In 2023, the company reported a 13% increase in adjusted operating profit to £3.03 billion ($3.8 billion) and an 8% increase in revenue to £9.16 billion. Earnings per share rose 11% to 114.0 pence, beating market forecasts. RELX also increased its full-year dividend by 8% and plans to spend £1 billion on share buybacks. Shares in RELX rose 1.5% in response to the positive results.
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Investor that had a 3,700% return on Tencent sets sights on India
Economic Times
·
10m ago
Medial
Fabricio Bloisi, CEO of Naspers and Prosus, aims to double the value of the company within the next four years. He believes that having a strong team is crucial for success, emphasizing the importance of people and culture in driving innovation and adaptation. Bloisi is particularly bullish on the Indian market, praising its unique innovation and growth potential. He also highlights the significance of leveraging AI across the company's operations, aiming to have employees use AI daily to enhance their work. Bloisi draws inspiration from the success of their investment in Tencent and sees similar opportunities in India. He emphasizes the need for continuous innovation and adaptation to stay relevant in the fast-changing tech landscape.
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Nvidia discloses more China risks, but CEO Huang praises Trump
Economic Times
·
3m ago
Medial
Nvidia reported a 69% sales growth amid US-China tech conflicts, highlighting new risks from potential US regulation changes affecting its AI business in China. CEO Jensen Huang praised former President Trump’s stance on US tech leadership but criticized recent export curbs impacting Nvidia's sales. Despite these challenges, Nvidia projected strong future sales growth and emphasized maintaining US platforms’ dominance in AI. The company sees potential in global partnerships, with strong investor confidence boosting its market value.
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Alphabet, Microsoft earnings show hefty AI bets are driving growth
Economic Times
·
1y ago
Medial
Alphabet and Microsoft reported strong earnings, driving a rally in technology stocks. Alphabet's stock rose by 10%, crossing the $2 trillion market value mark, while Microsoft gained nearly 3%. Both companies attributed their revenue growth to increased investments in artificial intelligence (AI). Microsoft's Azure cloud-computing platform saw a 31% jump in revenue, with AI services accounting for 7 percentage points of that growth. Google's cloud revenue also increased by 28% due to strong growth in Google Workspace, which offers various AI-powered features. This contrasted with Meta Platforms' warning of higher spending and slower growth.
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San Francisco Waymo arson sparks fresh debate on self-driving cars
Reuters
·
1y ago
Medial
On the first day of Chinese New Year, a Waymo self-driving robotaxi was attacked and set on fire in San Francisco's Chinatown. The incident raised concerns about the limited judgment capabilities of autonomous vehicles and the widespread hostility towards them due to safety concerns and fear of AI. While some view these vehicles as safer than human drivers, the incident highlighted the need for proper regulation and the ability of self-driving cars to detect and navigate crowded areas. The incident follows another Waymo accident involving a bicyclist and adds to the ongoing debate surrounding self-driving cars.
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Expect more tech adoption, strategic partnerships in 2025: NASSCOM Chairperson
YourStory
·
9m ago
Medial
The year 2025 is expected to bring increased technology adoption and strategic partnerships as businesses strive to stay relevant in a changing world, according to NASSCOM Chairperson Sindhu Gangadharan. She emphasized the need to view artificial intelligence (AI) as an enabler rather than a threat to jobs, highlighting its potential to amplify skills and boost productivity. Gangadharan stressed the importance of strong partnerships in driving significant changes and meeting challenges. Furthermore, she discussed the growth of AI in India and SAP's plans to invest and hire more talent in the country.
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Nvidia Earnings Show the Strength of AI Spending–and the Company
Livemint
·
1y ago
Medial
Big tech companies are heavily investing in artificial intelligence (AI), contributing to Nvidia's strong financial performance. The CEO of Nvidia, Jensen Huang, stated that AI is driving the company's growth and shaping a new industry. While AI has yet to become ubiquitous in everyday life, it has the potential to transform computing. Nvidia reported record-breaking sales and forecasts continued growth. Tech giants like Google and Microsoft are also investing in AI, boosting the demand for Nvidia's chips. The sustained boom in AI is seen as an opportunity for companies that can harness its power.
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Deloitte South Asia CEO says trade and tariff disputes unlikely to persist indefinitely
Economic Times
·
1m ago
Medial
Deloitte South Asia CEO Romal Shetty believes that current trade and tariff disputes won't last indefinitely. He anticipates easing tensions in a few months, highlighting strengthened India-US relations due to shared interests and strategic geopolitical positioning. Both countries are negotiating a crucial trade pact, with another round of talks planned in August. Shetty is optimistic about resolving the disputes and sees India's strong position benefiting its strategic and geopolitical standing.
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Power Play: How Young Gamers Are Fueling India’s Custom PC Boom – Outlook Business
OutlookIndia
·
1m ago
Medial
India's Gen Z gamers are driving a boom in custom PC builds, prioritizing powerful, personalized rigs over standard off-the-shelf options. With rising disposable incomes and tech knowledge, they seek custom solutions for gaming, streaming, and multitasking. This trend sees increased demand for high-performance components like Nvidia’s RTX GPUs. Retailers and builders report significant growth, shifting from niche to mainstream, highlighting a blend of function and aesthetic appeal as driving factors in the market’s expansion.
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Lighthouse Funds invests Rs 229Cr in luggage brand Safari Industries
IndianStartupNews
·
1y ago
Medial
Private equity firm, Lighthouse Funds, has invested Rs 229 crore in Safari Industries (India) Ltd., a prominent luggage and travel accessories manufacturer. Safari Industries, with its wide product range and extensive distribution network, aims to tap into the largely unorganized Indian luggage market. Lighthouse Funds sees great potential in the Indian tourism sector, with increasing leisure travel and improved transportation infrastructure driving demand for branded luggage. The investment in Safari Industries marks another addition to Lighthouse Funds' portfolio of consumer and healthcare brands in India.
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India's strong growth leading to trend of 'reverse flipping' for startups
Economic Times
·
1y ago
Medial
India's strong economic growth is causing a reverse trend of startups returning to the country instead of going abroad for capital access and tax benefits. Commerce Secretary Sunil Barthwal highlighted the significant growth rate of India compared to other emerging markets. He emphasized the role of the digital economy, technologies like AI, and the rise of data centers in driving India's future growth. The remarks were made at an investment event in Singapore, attracting global investors and showcasing opportunities in India.
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