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'One Person Can Perform the Work of 100 People' — Boss of Stellar Blade Developer Says It Needs to Use AI to Compete With Overwhelming Manpower of China and U.S. Studios

Stellar Blade director and CEO of Shift Up Hyung-tae Kim has stated that without the use of AI, developers in smaller nations will struggle to keep up with studios in places like the U.S. and China. A...

1dIGNTechnologyImpact

German Chancellor Merz visits India's tech hub Bengaluru

Merz is due in Bengaluru, often called India's Silicon Valley, after meeting PM Modi in Ahmedabad. The visit comes just weeks ahead of plans to sign a long-awaited free trade agreement between India a...

1dDeutsche WellePolitics

Jamie Dimon defends JPMorgan's tech spending to avoid getting 'left behind'

JPMorgan Chase CEO Jamie Dimon. Noam Galai/Getty Images Jamie Dimon defended JPMorgan's spending, especially on tech, during Tuesday's earnings call. He said the bank would stay ahead as it competes a...

1dBusiness InsidereconomicsImpact

Tesla's Cybertruck is falling far short of Elon Musk's ambitious sales targets

Tesla CEO Elon Musk unveils the Cybertruck at an event in 2019. FREDERIC J. BROWN/AFP via Getty Images Things are not looking great for Elon Musk's Cybertruck. Tesla sold just over 20,000 of the "...

23hBusiness Insiderautomotive

One thing that might get workers to embrace AI? The 4-day workweek.

Working fewer days might help create buy-in among workers for adopting AI, authors of a book on the four-day workweek suggest. Drew Angerer/Getty Images Adopting a four-day workweek could boost employ...

5hBusiness InsiderTechnologyImpact

Warren Buffett said he would have spent $100 billion without blinking — and cash is like 'oxygen' but 'not a good asset'

Warren Buffett is the CEO of Berkshire Hathaway. Nati Harnik/AP Warren Buffett didn't like Berkshire having so much cash and would have happily spent $100 billion. He compared cash to "oxygen"...

2hBusiness InsidereconomicsImpact

WeatherTech founder might be the newest US consumer protection official

President Donald Trump made an unconventional pick for his nomination to the Federal Trade Commission: WeatherTech founder and CEO David MacNeil. MacNeil founded the company, which makes weather-resis...

17hThe VergePoliticsImpact

Elon Musk’s $1tn mega-bonus is now a meme

Expect the idea to pop up in more conventional boardrooms...

1dFinancial TimeseconomicsImpact

IMF presses governments to step up support for workers displaced by AI

Analysis finds evidence of the technology hitting wages and employment in certain areas...

9hFinancial TimeseconomicsImpact

Point72 sells off stakes of fintech startups to Goldman Sachs and others

Steve Cohen is the owner of the New York Mets. Joe Raedle/Getty Images A new continuation vehicle has acquired stakes in Point72's fintech startups, a press release states. The new fund raised $280 mi...

3hBusiness InsidereconomicsImpact

Luxury retail giant Saks files for bankruptcy

Saks Global, which owns the iconic Saks Fifth Avenue department store, has filed for bankruptcy. Jimin Kim / SOPA Images/Reuters Saks Global has filed for Chapter 11 bankruptcy protection. The luxury ...

10hBusiness Insidereconomics

As Vietnam’s US trade surplus overtakes China, Trump replaces envoy to fix ‘imbalance’

The Trump administration plans to ‌replace the US ambassador to Vietnam with a nominee set on addressing “imbalanced” trade relations, as Hanoi’s goods trade surplus ‍with Washington surpassed China’s...

1dSouth China Morning PostPoliticsImpact

Citigroup profit slips as expenses rise amid sweeping overhaul

Chief executive Jane Fraser is pushing through bank’s biggest restructuring in more than a decade...

3hFinancial Timeseconomics

Coca-Cola scraps Costa Coffee sale after bids fall short

Coke had been seeking about £2bn after paying £3.9bn for UK coffee chain in 2018...

11hFinancial Timeseconomics

Wall Street groups hire traders to wade into prediction markets

Big financial companies expand beyond traditional securities to arbitrage event contracts in sport and politics...

11hFinancial TimeseconomicsImpact

Taiwan says ‘general consensus’ reached with US on trade deal

US media reports say tariffs will be cut to 15 percent in exchange for TSMC investment....

1dAl JazeeraPolitics

Visa Partners With BVNK to Enable Stablecoin Payouts on Visa Direct

The integration will enable businesses to fund and receive Visa Direct payouts using stablecoins in select markets....

4hDecryptTechnologyImpact

Rival leagues, charter flights and T-shirts: 11 moments that led to WNBA labor strife

CBA negotiations intensified in recent months, but previous events helped spark the stalemate between the WNBA and WNBPA....

2hESPNSports

How US sanctions crippled lives of Iranians Trump says he wants to ‘help’

US sanctions have damaged Iran's economy, which was the reason the protests broke out in the first place....

1dAl JazeeraPoliticsImpact

Chinese short-video giant Kuaishou taps global debt market with US dollar, yuan bonds

Chinese short-video platform Kuaishou Technology is pitching its debut offshore bond sale to professional investors, joining a wave of domestic tech companies raising funds in the global debt market. ...

10hSouth China Morning PosteconomicsImpact
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