CEO Financial News

Westpac’s consumer and business banking boss, Chris de Bruin, has resigned after Westpac struggled to win market share in the ultra-competitive home loan market against rivals ANZ and Macquarie.

LLaMA -- Meta’s open-source LLM that was released in February. Researchers made more than 100,000 requests for for Llama 1, according to Meta. LLaMA requires “far less computing power and resources to test new approaches, validate others’ work, and explore new use cases", according to Meta.

alliance, as the deal has been finalized after 10 months of occasionally tense negotiations. Nissan has been working on establishing a lower threshold for its strategic investment in Renault's electric vehicle unit, Ampere. Previously, they had announced a maximum target of 15% in February.

The biggest crypto exchange Binance is reportedly planning to layoff between 1,500 and 3,000 employees by the end of the year, according to an anonymous source cited by CNBC on July 14, 2023. This move is seen as a response to an ongoing probe by the U.S. Department of Justice and SEC.

OpenAI's CEO Sam Altman has publicly responded to the U.S. Federal Trade Commission's (FTC) investigation into the company's AI chatbot, ChatGPT. The FTC's probe was examining whether OpenAI has breached consumer protection laws, potentially putting users' personal data and reputations at risk.

Twitter alternative developed by Meta. This news coincided with the announcement of a new AI partnership between Meta and Microsoft. Nadella expressed his excitement about joining Threads and expanding the AI collaboration with Meta.  In his inaugural Threads post, he stated, "Today is an incredible day to join Threads! We're thrilled to strengthen our AI partnership with Meta by integrating their Llama family of large language models into Azure.

After leading UK-based OnlyFans for two years, CEO Ami Gan announced her resignation on Tuesday. She will be succeeded by the Chief strategy and operations officer Keily Blair as the next CEO of OnlyFans.

ANI, Ritesh Shukla said that India and France have just signed the agreement and Prime Minister Narendra Modi announced it during his visit to France. He said that they are working on creating readiness on both sides with banks in India and merchants in France. Speaking about the commencement of UPI operations in France, Shukla said, "We are working on creating readiness on both sides with banks in India and with merchants in France and I think it will take about three to four months for us to go live, so we are working towards making that happen." Indian tourists visiting France will now have the convenience of paying for Eiffel Tower tickets and other attractions in rupees, following an agreement between both countries to utilize the Indian government's Unified Payments Interface (UPI).

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Schools and colleges in Raigad and Chandrapur districts of the state have also declared holiday. Raigad District announced the news about the holiday via their official Twitter handle, the tweet read, “In the wake of heavy rains, Collector Dr. Yogesh Mhase has announced a holiday for all schools and colleges in the district today." With the heavy rain warning, the Raigad District Administration has also said that Savitri River, Amba River and Patalganga River in the district has crossed the danger mark.

Zuckerberg and burger chain Wendys on the Threads app, Musk replied: "Zuck is a cuck. The burger chain had asked the Meta CEO to go into space to make Musk really angry, and Zuckerberg had responded with a laughing emoji.

diamond industry. Surat has achieved this record where Earth's 90% of the diamonds are cut. According to a report by CNN, the newly-opened Surat Diamond Bourse consists of 15-storey complex, built across more than 35 acres of land.

Anthropic's CEO Dario Amodei will testify on July 25 at a U.S. Senate hearing on artificial intelligence as lawmakers consider potential regulations for the fast-growing technology, the Senate panel scheduling the hearing said on Tuesday.

Goldman Sachs CEO David Solomon has revealed that the company's board of directors is in favour of Solomon's emphasis on the bank's core Wall Street operations and asset management. As reported by Reuters citing sources, Solomon has been entrusted with the responsibility of revitalizing the bank's stock value, despite facing doubts from certain investors and employees. According to one of the sources, the 12-member board is closely engaged with Solomon's revamped strategy, particularly because Goldman Sachs incurred losses and fell behind its competitor, Morgan Stanley, due to its venture into consumer banking.

Woodside Energy posted a 29 per cent dive in quarterly sales after a drop in oil and LNG prices and a dip in production in its weakest quarter since merging with BHP Petroleum in June last year.

LTIMindtree in the June quarter, helping explain its underwhelming revenue and profit scorecard despite an encouraging order pipeline, but CEO Debasis Chatterjee believes stronger offshoring demand undergirded by cost efficiencies helped expand operating margins at the newest member of the elite Nifty 50 club. “We expected quite a few deals to close in Q1, but (those) got dragged into Q2,” Chatterjee told ET.

Wipro and putting it back on the growth path “is still work in progress”, said chief executive Thierry Delaporte. In an interview with ET’s Sai Ishwarbharath and Surabhi Agarwal, he said Wipro is betting big on artificial intelligence. Edited excerpts:Q: While most IT companies have spoken about a tough demand situation, what explains Wipro guiding for a revenue decline in the current quarter as well? A: The current economy has driven a slowdown across industries–more pronounced in some industries like BFSI (banking and financial services), which is a third of our business, and in technology, which is another 12% or 13% of our business.

Daniel Klier is CEO of ESG Book and HSBC’s former global head of sustainability

Facebook parent company Meta Platforms has built an artificial intelligence system that rivals the likes of ChatGPT and Google’s Bard but it’s taking a different approach: releasing it for free

Americans increased their spending last month as inflation eased in many areas, and the job market remained remarkably strong

Current and former directors of Tesla Inc. have agreed to return more than $735 million to the electric-vehicle maker to settle a shareholder lawsuit alleging that they unjustly enriched themselves with excessive compensation