Software Financial News

Check out the companies making headlines in premarket trading Monday.

Tesla, already the world's most valuable automaker, started production of the supercomputer to train artificial intelligence (AI) models for self-driving cars in July and plans to spend more than $1 billion on Dojo through next year.

₹900 crore. The funds will be used for research and development, particularly artificial intelligence and to scale its SaaS offerings, including the launch of new products, the Mumbai-based company stated.

Alternative assets remain a key component of the investment decisions of limited partners according to a new survey.

Nvidia's supremacy in building computer chips for artificial intelligence has chilled venture funding for would-be rivals, investors said, with the number of US deals this quarter falling 80% from a year ago. The Santa Clara, California company dominates the market for chips that work with massive amounts of language data. Generative AI models get incrementally smarter through exposure to more data, a process called training.

Tesla Inc.’s Dojo supercomputer may add as much as $500 billion to the company’s market value through faster adoption of robotaxis and network services, according to Morgan Stanley.

pharmaceutical industry may be spending $50bn a year on AI to speed up drug development. Most of the buzz revolves around AIs trained on biological data that could improve the hit-and-miss process of drug discovery. Drugs can take a decade to emerge, cost billions of dollars and succeed only 10% of the time.

Imagine stepping into a world where your smartphone effortlessly transforms into a tablet, perfectly tailored to your needs. That's the remarkable feat that the all-new Galaxy Z Fold5 achieves.

Tesla's supercomputer, Dojo, to train AI models for autonomous cars could give the electric vehicle maker an «asymmetric advantage» and boost its market capitalization by nearly $600 billion, or 76%, Morgan Stanley estimated. Tesla started production of Dojo in July and plans to spend more than $1 billion through next year.

Offchain Labs announced the public testnet and code release for Arbitrum Stylus on August 31, 2023. This new framework is designed to work on Arbitrum Nitro chains, allowing developers to build smart contracts using both Ethereum Virtual Machine (EVM) tools and WebAssembly (WASM)-compatible languages like Rust, C, and C++ . Stylus aims to significantly reduce gas costs and enable new, resource-intensive blockchain applications. The open-source Software Development Kit (SDK) is now available for developers.

Square’s day-long payment system outage has attracted the attention of the Reserve Bank, which is considering whether the Block-owned company should be forced to start disclosing when its technology goes down, so small businesses can compare its reliability against banks’ terminal offerings.

WhatsApp is reportedly working on bringing «third-party chat» support on Android in order to comply with the new European Union (EU) regulations. The new feature will offer users the ability to communicate with each other using different apps, according to WABetaInfo.

New Delhi: As artificial intelligence (AI) continues to exacerbate cyberattacks around the world, there is an increasing need to adopt global standards, if not regulations, to tackle how cyberattacks are lowering the threshold of warfare. In an interview, Philipp Rosler, who served as the federal minister of economic affairs and technology, as well as the vice-chancellor of Germany between 2011 and 2013, spoke about the state of cybersecurity in an increasingly fragmented world and how this affects global collaborations across sectors. Rosler, who is on the board of directors of $3.5-billion Swiss cybersecurity firm Acronis, also highlighted the increasing role of governments in modern-day cyber policies and why security companies will need to collaborate with, alongside adopting the right regulations.

Sheela Foam Ltd’s acquisition of Kurlon Enterprises Ltd, Godrej Consumer Products Ltd’s acquisition of Raymond Consumer Care Ltd, Dabur Ltd’s acquisition of Badshah Masala Pvt. Ltd, Nirma Ltd’s acquisition of Stericon Pharma Pvt. Ltd, and Hinduja’s proposed acquisition of Reliance Capital Ltd.

Wall Street's main indices ended a tad higher on Friday but still finished the week with losses amid renewed worries over inflation and uncertainty about the future path of the Federal Reserve’s interest rates.

G20 summit was a blockbuster — no two ways about it. India managed to forge consensus, produce a clean communique, announce a mega connectivity project linking different worlds and welcome the African Union (AU) as a new member. Broad message to those creating an alternate order: the wait time got longer. G20 as a group of both rich and developing countries, established and emerging markets, can work together when it wants to, and listen and learn when it wants to — especially when the wolf is at the door.

₹392 crore from ₹490 crore after performing a pre-IPO placement in two tranches in August and raising ₹98 crore from investors. Now, the size of the fresh issue is reduced to ₹392 crore. The company's offer for sale (OFS) component was reduced from 1.05 crore equity shares to 1.04 crore shares after one of its selling shareholders exited the issue, according to the RHP.

Apple is set to unveil its iPhone 15 line-up at its Wonderlust event on 12 September. The iPhone 15 range will include the iPhone 15, iPhone 15 Plus, iPhone 15 Pro and iPhone 15 Pro Max. The Apple iPhone 15 Pro and Pro Max will feature a slightly larger screen while reducing the bezels around the screen by 1/3 using a new manufacturing process called LIPO, or Low Injection Pressure Overmolding.

Dennis Austin, who co-created the PowerPoint software almost 36 years ago which is still being used by millions, has passed away in the US. Austin, 76, died from lung cancer that metastasised to the brain, reports The Washington Post.

There was no rest for Telstra’s bankers this weekend as they bunkered down to finalise a bid for Versent, the loss-making cybersecurity play on the market via Goldman Sachs.

Dividend Stocks: Shares of several companies including Indian Railway Finance Corporation (IRFC), Jindal Stainless, Multi Commodity Exchange of India (MCX), Supriya Lifesciences, among many others will trade ex-dividend in the coming week, starting from Monday, September 11. The ex-dividend date is the day on which the equity share price adjusts to reflect the next dividend payout.