CEO Financial News

WASHINGTON—Titans of Silicon Valley are descending on Washington Wednesday to brief U.S. senators on artificial intelligence, in a meeting aimed at advancing nascent efforts to regulate the new technology. The closed-door all-senators’ session, organized by Senate Majority Leader Chuck Schumer (D., N.Y.), will feature Elon Musk, Mark Zuckerberg, Bill Gates and more than a dozen other executives and civil-society leaders.

IT hardware Production Linked Incentive (PLI) scheme, a senior government official told ET. Last month 40 proposals worth ₹5,000 crore were received by the ministry of electronics and IT under the IT Hardware PLI 2.0 scheme. All are unlikely to get a green light since the Government has a fixed budget for incentives. «Earlier, we kept an investment target of ₹2,430 crore in the scheme.

Deloitte plans to layoff more than 800 positions in the UK, equivalent to about 3% of its workforce of 27,000 in the country, in response to a slowdown in demand and an easing in the pace of workers choosing to leave, Bloomberg reported citing source. Accountants at the Big Four firms -- which also include Ernst & Young LLP, PricewaterhouseCoopers LLP and KPMG LLP -- are clinging to their jobs amid economic uncertainty and a sharp drop in open roles, the report said “Today we announced some targeted restructuring across our businesses, which may put some roles at risk of redundancy," Bloomberg quoted Deloitte CEO Richard Houston.

New Delhi: Meta Platforms-owned instant messaging service WhatsApp has announced the launch of WhatsApp Channels in India and over 150 countries that will deliver private updates from organizations, sports teams, artists, and thought leaders that people can follow. WhatsApp Channels are a one-way broadcast tool within the app, the company said in a statement. “Excited to introduce you all to WhatsApp Channels, a new private way for you to get updates from people and organizations you follow.

U.S. Bancorp (USB) was the worst performing stock in the S&P 500 on Wednesday after comments from management at an industry conference disappointed investors.

(Reuters) — The U.S. Senate has issued a subpoena to the Saudi Arabian Public Investment Fund's (PIF) U.S. subsidiary over its planned partnership with the PGA Tour, it said on Wednesday.

Namdhari Seeds has set up a state-of-the-art greenhouse facility at Bidadi near Bengaluru to enhance its existing plant pathology and seed health operations. The cutting-edge facility spans 58,000 square feet, designed to adhere to international standards and incorporate the latest technological advancements, the Bengaluru-based vegetable and flower seed company said in a statement. Namdhari Group CEO Gurmukh Roopra said, “We recognize that there are multiple challenges at the farmer level that need scientific solutions.

Rwanda’s atomic energy board says it has signed a deal with a Canadian-German company to build its first small-scale nuclear reactor to test what the company claims is a new approach for nuclear fission

A company seeking to restart a southwestern Michigan nuclear power plant says it has taken a major step forward with the signing of a power purchase agreement

The HBCU Transformation Project, a coalition of 40 historically Black colleges and universities, on Wednesday announced a $124 million gift from philanthropic funders Blue Meridian Partners to increase enrollment, graduation rates and employment rates ...

Union Pacific's new CEO came into the job last month with a reputation for cost-cutting

Global energy giant BP is scurrying to find a new chief executive after CEO Bernard Looney became the latest corporate leader to step down amid questions about his personal conduct

Attorneys say a former executive and two operations managers for the classified site Backpage

The National 4-H Council is growing in a new direction – online – by launching its e-learning platform Clover with a collaboration with Netflix and its new movie “Spy Kids: Armageddon.”

Senate Majority Leader Chuck Schumer has been talking for months about trying to pass bipartisan legislation that encourages the rapid development of artificial intelligence and mitigates its biggest risks

New York City’s pension funds and the state of Oregon are suing Fox Corporation over Fox News' 2020 election coverage

The CEO of Binance’s U.S. affiliate is leaving the crypto trading platform amid another round of job cuts

SDNY Judge Lewis Kaplan has rejected a plea from Sam Bankman-Fried's legal team to release the FTX founder before his upcoming trial to better prepare for the legal proceedings.

Fyn on Wednesday said it has formed a strategic partnership with Euler Motors to procure 2,000 fast charging 3-wheeler EVs. The order will fuel the company's plans to expand to new geographies within the domestic market, including Mumbai, Delhi, and Coimbatore. Fyn also said it has secured funding from Malaysian energy group Petronas-backed Gentari for the entire order from Euler. Euler Motors is all set to deliver 2,000 units of its flagship electric three-wheeler HiLoad over the next 18 months, the company said in a statement. Gentari aims to establish a Vehicle-as-a-Service (VaaS) fleet in India, Malaysia and APAC to drive sustainable mobility switch and adoption, and is looking to have a 10 per cent market share of charging points and EVaaS across key markets in APAC, including India, Fyn said.

JioCinema in 11 languages for free. On linear and offline TV, the series will be aired live on Colors Tamil (Tamil), Colors Bangla Cinema (Bengali), Colors Kannada Cinema (Kannada), Colors Cineplex Superhits (Hindi), Sports18-1 SD, and Sports18-1 HD (English). The series is of great significance for both sides, as they will look to find momentum leading up to the 50-over World Cup. The expert panel for the series across languages will include Suresh Raina, Kedar Jadhav, Aakash Chopra, Nikhil Chopra, Amit Mishra, Anirudha Srikkanth, Abhinav Mukund, Hanuma Vihari, Venkatpathy Raju, Sarandeep Singh, Reetinder Singh Sodhi, Rahul Sharma, VRV Singh, Kiran More, Sheldon Jackson, Bhargav Bhatt, Jatin Paranjpe, Shreevats Goswami, and VA Jagadeesh, among others. After shattering all records and establishing unprecedented levels of engagement, viewership, and concurrency during the IPL 2023, JioCinema will offer viewers their favorite sport in a never-seen-before presentation for free.

Binance.US CEO Brian Shroder has left the crypto exchange as roughly a third of its workforce has also been laid off, a company spokesperson confirmed Wednesday.