CEO Financial News

Stability AI Founder and CEO, Emad Mostaque, has resigned from his role to pursue 'decentralised artificial intelligence (AI)'. Backed by investors like Lightspeed Venture Partners and Coatue Management, Stability AI has appointed Shan Shan Wong, its Chief Operating Officer, and Christian Laforte, Chief Technology Officer, as the interim co-CEOs of Stability AI.

BEIJING (Reuters) -China will carefully study issues of market access and cross-border data flows and will soon issue new regulations in these areas, Premier Li Qiang told an audience of global CEOs and Chinese policymakers on Sunday.

As Bitcoin continues to shape the cryptocurrency landscape, its influence extends to altcoins like Solana (SOL), which recently rebounded from the $170 mark, hinting at a potential end to the recent sell-off.

Maruti Suzuki India on Saturday said it has acquired over 6 per cent stake in technology startup Amlgo Labs. The startup operates in data analytics, cloud engineering, machine learning (ML) and artificial intelligence (AI) to assist companies in data-driven decision-making. The investment is being made through Maruti Suzuki Innovation Fund, an initiative to undertake strategic investments in startups exhibiting high levels of technological innovation, the auto major said in a statement.

The ghost of old Microsoft hung in the air this past week as the Justice Department took aim at Apple, accusing the tech giant of an improper monopoly with its iPhone. Chief Executive Tim Cook faces the likelihood that the next several years will be consumed with fighting antitrust lawyers intent on dismantling the pillars of the business empire he helped build after the death of Steve Jobs. Cook, who has overseen extraordinary profit and revenue growth since becoming Apple CEO in 2011, can hardly afford the timing of the latest fight.

Flair Airlines is putting up fewer flights domestically in Canada this spring, but the low-cost carrier’s CEO says it’s part of a broader push for the airline to fly into more sunny destinations.

Income tax e-filing: If you missed linking your PAN with Aadhaar by the June 2023 deadline and your PAN is inactive, don't worry, you can still file your income tax return. The income tax department had previously clarified that an inoperative PAN remains active. The deadline for individuals not requiring an audit for the Financial Year 2023-24 (Assessment Year 2024-25) to file their Income Tax Returns (ITR) is July 31, 2024.

Two RIAs are coming together to elevate their ability to service high-flying aerospace executives in Seattle.

(Reuters) — Nasdaq has notified B. Riley Financial of non-compliance with the exchange operator's listing rules due to a delay in the filing of its annual report, the boutique investment bank said in a statement on Friday.

By Jody Godoy

In a Friday discussion at the Bitcoin Investor Day in New York, Mike Novogratz, CEO of Galaxy Digital, shared insights on why he thinks Bitcoin is likely to continue trending higher.

advertisers as broadcasting and streaming rights holders Disney Star and Viacom18 face difficulties in closing ad deals despite starting the sales process in January. The two companies have so far collectively roped in 33 sponsors, with streaming partner Viacom18 signing 18 and Disney Star onboarding 15 sponsors. Last year, they had 39 sponsors with Viacom18 getting 26 sponsors and Disney Star, 13. Some media buyers attributed the lukewarm response to lack of budgets with most companies having exhausted their ad budgets for FY24 while others pointed to multiple marquee events including the upcoming general elections and T20 World Cup that increase advertisers' options.

Reserve Bank of India (RBI) data showed that credit card transactions increased to Rs 1.7 lakh crore in January from Rs 1.3 lakh crore a year ago. In volume terms, the increase was 26%, to 330 million from 260 million, during this period. E-commerce transactions and bill payments formed more than half the total transactions, the data showed. Experts said the bulk of the online purchases were by the younger generation who also enjoyed the additional credit benefit of equated monthly instalments (EMIs) and ‘buy now, pay later’ (BNPL) schemes.

Credit card transactions surged 30% year-on-year in January despite regulatory restrictions on some business payments through this mode as reward points offered by banks were lucrative, as were the repayment terms, said experts. Reserve Bank of India (RBI) data showed that credit card transactions increased to ₹1.7 lakh crore in January from ₹1.3 lakh crore a year ago. In volume terms, the increase was 26%, to 330 million from 260 million, during this period. Ecommerce transactions and bill payments formed more than half the total transactions, the data showed. Experts said the bulk of the online purchases were by the younger generation who also enjoyed the additional credit benefit of equated monthly instalments (EMIs) and 'buy now, pay later' (BNPL) schemes.

BYJU’s Tuition Centres (BTCs) are entering their third year of full capacity operations. The edtech firm is also using premises of BTCs as sales offices.

Jeep maker Stellantis is laying off about 400 white-collar workers in the U.S. as it deals with the transition from combustion engines to electric vehicles

Shares of Digital World Acquisition Corp (DWAC) dropped more than 7% Friday after news broke that a preliminary majority of the company's shareholders have voted in favor of merging with Trump Media And Technology Group.

A House committee has advanced a resolution to repeal a contentious Biden administration rule that sets stricter criteria for businesses classifying workers as independent contractors rather than employees.

Bondex, the crowdsourced recruitment app, is initiating a community sale of its native cryptocurrency, $BDXN, on CoinList, the premiere token launch platform. Since its 2021 debut, Bondex has dramatically surpassed its goals, rocketing past 3 million app downloads and engaging over 700,000 monthly users on its beta app, marking a groundbreaking success in the digital landscape.

Radiowalla Network, one of the leading providers of B2B customer engagement services, announced the launch of its IPO on March 27. As of the filing of RHP, Kacholi The company is aiming to raise Rs 14.25 via this IPO, which closes on April 2. The issue size is of 18.75 lakh shares at face value of Rs 10 each.

A handy, AI-powered assistant to guide you if you’re ever lost in a new country — a clip-on accessory that can identify the right path by scanning your surroundings and sharing instructions in real-time. These aren’t just flights of fancy, but real inventions debuted at the Mobile World Congress (MWC) 2024 in Barcelona, Spain. Together they showcase the remarkable speed at which technology has developed. Keeping this in mind, five bosses share with ET Panache what inventions they would like to see developed in the next five years.