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Former Binance CEO Changpeng “CZ” Zhao was released from prison on Friday after serving 118 days of his four-month sentence.

Meta CEO Mark Zuckerberg will be deposed as part of a lawsuit brought by authors including comedian Sarah Silverman accusing the company of copyright infringement to train its artificial intelligence technology

Michael Andretti has restructured Andretti Global to give co-owner Dan Towriss control of the organization

Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...

Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

My wife is 35 years old and has been working for 13 years. She is planning to quit work and will receive a sum of Rs 3 lakh as gratuity. She has a high risk appetite. Can you suggest some mutual funds or stocks for investing this amount? Also, will the gratuity be taxable? Rushabh Desai, Founder, Rupee With Rushabh Investment Services: Given your wife’s age, high risk appetite, and long-term investment horizon of more than 10 years, a portfolio with 50-60% in flexi-cap funds, 20-25% in mid-cap funds, and 20-25% in small-cap funds is ideal for wealth creation.

OpenAI CFO Sarah Friar is looking to reassure its investors that the richly valued artificial intelligence startup is still in a strong position and is poised to close a big funding round soon, despite losing top talent this week.

This is part of a series of interviews with the winners of The Economic Times Startup Awards 2024. For wearables and electronic devices brand Boult, which started off as an audio products maker before getting into a wider range of items, the top spot in terms of market share has eluded the company despite high growth. But the two founders — brothers Varun and Tarun Gupta — insist that being profitable takes precedence over market share. Boult’s ability to scale quickly — it is estimated to have posted Rs 800-850 crore in revenue in fiscal 2024 — without raising any external capital made it the winner in the ET Startup Awards Bootstrap Champ category this year.

Danone SA will be «irrelevant as a global player» if it is not committed to and does not have a strong presence in India, which is fast emerging as one of the world's largest markets and growth drivers for several consumer goods multinationals, said chief executive Antoine de Saint-Affrique. «In terms of priority, India is at the very top,» he told ET in an exclusive interview. «If we are not big in India, in 10, 15 or 20 years, we will be irrelevant as a global player. It's as simple as that.» Danone's chief executive said the company's optimism was based on India's stable political environment and thrust on infrastructure.

Citi in 5-7 years as the US bank looks to expand its services business — which its CEO Jane Fraser calls its «crown jewel» — and more domestic firms turn global, a top executive said. «It's highly likely that India will break out into the top three based on what we are seeing,» Shahmir Khaliq, Citi's head of services, told ET in an exclusive interaction. «We are investing across the network and as the government makes India a great place to invest in, we are seeing the incremental inflow (and) we are seeing Indian companies looking to invest abroad.» At present, India is the fourth largest market for Citi's services business. «It would not be beyond the realm of the possible for us to expect to see India in the top three over the next five to seven years,» Khaliq said.

OpenAI’s history as a nonprofit research institute that also sells commercial products like ChatGPT may be coming to an end as the San Francisco company looks to more fully convert itself into a for-profit corporation accountable to shareholders

Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...

An arbitration board has ruled that U.S. Steel may proceed with its proposed acquisition by Nippon Steel

stocks after its strong revenue forecast signaled robust demand for the hardware used to power generative AI technology. The company, whose high-bandwidth memory chips (HBM) are used in Nvidia's popular artificial intelligence processors, could potentially add more than $19 billion to its market value.

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Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk and Bitcoin Magazine.

Subscribe to enjoy similar stories. Carlos Tavares, head of Jeep and Chrysler’s parent company, has made a career of swooping in to save struggling European car brands. His latest project is to revive U.S.

Subscribe to enjoy similar stories. They say if there’s ever a Silicon Valley Mount Rushmore, the first face to be chiselled into stone would be that of Gordon Moore. The Intel co-founder’s famous prediction about the rate at which semiconductors would improve has been the bedrock of US technology leadership.

Microsoft-backed OpenAI is working on a plan to restructure its core business into a for-profit benefit corporation that its non-profit board will no longer control, Reuters reported, a move which has rubbed Elon Musk the wrong way. Musk, who was among the founders of the artificial intelligence (AI) startup in 2015, took to X, to say, “You can’t just convert a non-profit into a for-profit. That is illegal,” after a user questioned OpenAI’s move.

The newly appointed directors are Paul Geddes, group CEO at Evelyn Partners; Hans Georgeson, CEO of Royal London Asset Management; Matthew Malloy, CEO and head of institutional client group at Neuberger Berman Europe, and Sarah Melvin, head of UK and Europe and chair of Africa at BlackRock. Geddes joined Evelyn Partners in July 2023 and became CEO later in October that year. Prior to that, he was the CEO of QA Group, a provider of higher education and workforce learning programmes and services. Investment Association launches guidance on FCA sustainability rules Georgeson joined RL...

As part of her joining the board, Kyrklund will now be responsible for overseeing Schroders' investment performance across all business lines. In 2019, she became group CIO after a long tenure with Schroders, having joined the asset manager in 2007 to lead its UK multi-asset business. Schroders CFO Richard Oldfield to succeed Peter Harrison as group CEO In addition, Schroders has appointed Burnett as its CFO, replacing Richard Oldfield, who earlier this month was named Scroders' new group CEO. She will take on the role on an interim basis from 8 November and permanently from 1 Janu...