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Regulating artificial intelligence (AI) has joined outer space as the latest battleground for dominance among the world’s advanced nations. Eagerness to dominate is no guarantee of clarity, though. The larger picture on what is to be done, and how, remains unclear even after the recent British summit on AI – which saw participation from all major AI powers, including the US and China – the Biden administration’s executive order on AI safety, and the European Union Artificial Intelligence Act.

American Tower Corp (ATC) has informed the US Securities and Exchange Commission (SEC) that it has taken a $322 million (Rs 2,677 crore approx) goodwill impairment charge for its India unit in the quarter ended September 2023, amid continuing business challenges in the country. This is since the fair value of ATC’s India unit has dropped below its carrying amount in the September quarter, the Boston-based telecom tower company said in a recent global SEC filing. “The company (read: ATC) performed an interim quantitative goodwill impairment test as of September 30, 2023, using information obtained from third parties to compare the fair value of the India reporting unit to its carrying amount, including goodwill. The result indicated that the carrying amount of the company's India reporting unit exceeded its estimated fair value… as a result, the company recorded a goodwill impairment charge of $322 million for the three and nine months ended September 30, 2023,” ATC said in its US SEC filing, dated October 26. The US tower firm added that it continues to evaluate the carrying value of its Indian assets, which may result in realisation of additional impairment expenses or other similar charges. The fair value, typically, is the estimated price at which an asset is bought or sold when buyer and seller agree on a price.

As the digital currency market continues its dynamic ebb and flow, Solana (SOL) has recently captured the spotlight, surging past the pivotal $42 zone. This impressive momentum has sparked a flurry of speculation and analysis within the crypto community, leading many to ponder a tantalizing question: Could Solana’s robust performance herald its ascent to the coveted $100 mark within 2023?

Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! The financial affiliate of e-commerce giant Alibaba Group in September unveiled a finance-specific AI model and started testing consumer and professional apps for the products.

Ant Group has received Chinese government approval to release products powered by its «Bailing» artificial intelligence (AI) large language model to the public, a spokesperson for the Chinese firm said on Monday. Unlike other countries, China requires companies to submit security assessments and receive clearance before releasing AI products to the public.

World Cup encounter - the hazardous air of New Delhi. Asthmatic members of the Bangladesh team stayed indoors and Sri Lankan players resorted to masks, as per Reuters. There are speculations that the match may get cancelled due to poor air quality.

Tata Group will one day become a case study for Indian industrial policy. The conglomerate has a high chance of success through buying its way into iPhone manufacturing, offering rival empires like mining group Vedanta Ltd. a lesson on the better path toward industrial expansion. Wistron Corp., a Taipei-based maker of computers, servers and smartphones, is slowly exiting its business of assembling Apple Inc.’s marquee product. Two years ago, it sold a Chinese unit that makes iPhones to Luxshare Precision Industry Co. for 3.35 billion yuan ($457 million). On Oct. 27, it announced the sale of Wistron InfoComm Manufacturing (India) Private Ltd., known as WMMI, to Tata Electronics Private Ltd.

Najib Razak has been discharged from hospital and returned to prison after testing negative for COVID-19, a spokesperson said in a statement on Sunday. Najib, 70, is serving a 12-year prison sentence after being found guilty of graft and money laundering in a case related to a multibillion-dollar corruption scandal.

Asian shares rallied for a fourth straight session on Monday after markets moved to price in earlier rate cuts in the United States and Europe, bullish wagers that will be tested by a swarm of central bank speakers this week. Battered bond markets also enjoyed a welcome recovery as a benign U.S. payrolls report and upbeat productivity numbers suggested the labour market was cooling enough to obviate the need for further rate hikes from the Federal Reserve. «This year's better-than-expected U.S.

Qualcomm (NASDAQ:QCOM) has announced its upcoming Snapdragon 8 Gen 4 chipset, set to revolutionize mobile technology in 2024. The new chip employs TSMC's N3E low-power-optimized process, which boasts higher yields than Apple (NASDAQ:AAPL)'s A17 Pro's N3B process. With a combination of a 3nm process and a self-researched architecture, the Snapdragon 8 Gen 4 promises superior CPU and GPU performance.

The European Central Bank (ECB) has recently taken significant steps towards the conceptualization and eventual issuance of a digital euro, a Central Bank Digital Currency (CBDC). This development comes as a response to the increasing digitalization of the economy and financial transactions. Authored by Juan Ayuso, Director General Operations, Markets and Payment Systems, the narrative elucidates the trajectory of the digital euro project, its significance, and the benefits it proposes to offer.

On October 26, 2023, Ethereum protocol developers convened to discuss the recent results of devnet 10 testing. Initially, an update was presented by @parithosh_j and @BarnabasBusa regarding the successful launch of the network earlier in the week, according to Tim Beiko . The new validator churn limit was tested by activating Dencun, transitioning from 5 to 4 validators per epoch at the fork. A few bugs were identified related to sync with Prysm and deposit handling on Teku, which are currently being addressed. Additionally, some issues concerning builder-produced blocks were highlighted.

Mizoram polls is a test for BJP floated non-Congress platform Northeast Democratic Alliance (NEDA) as both BJP and ruling MNF are fighting against each other in the assembly polls. MNF and BJP have had a very troubled relationship in the last five years. BJP in its manifesto has promised it will establish a special investigation team to probe the «irregularities and corruption» in the implementation of the Socio-Economic Development Programme, the flagship scheme of the Zoramthanga-led Mizo National Front (MNF) government. Congress’s New Land Use Policy’ (NLUP) was attacked in 2018.The scheme according to Congress aimed at arresting the jhum or shifting cultivation in the state has brought vast change in the state.

Congress president Mallikarjun Kharge on Sunday appealed to people in Mizoram to vote for his party, saying while the Congress had helped bring peace and stability in the state, the BJP and the RSS were «hell-bent on destroying» Mizo culture and way of life. The Congress stands for the protection of the northeastern state's people, land and natural resources as enshrined under Article 371-G of the Constitution, he asserted ahead of the November 7 assembly polls.

World Cup match. The face-off is slated to take place at the Arun Jaitley Stadium on Monday afternoon. But as asthmatic players skip practice and the Central government enforces GRAP 4 restrictions, the smog-shrouded Delhi air has become a key concern.

By Guy Faulconbridge

Virat Kohli on Sunday equalled his idol Sachin Tendulkar's record of most ODI centuries with his 49th hundred in their World Cup match against South Africa. Soon after the legend himself wished him very best and hoped Kohli to break his record in next few days. «It took me 365 days to go from 49 to 50 earlier this year. I hope you go from 49 to 50 and break my record in the next few days,» Sachin tweeted. Earlier today, Virat Kohli went on to score his 49th ODI century equalling Sachin Tendulkar's record of most ODI tons. Virat, who is celebrating his 35th birthday today, took 119 balls to reach to his milestone. Kohli took 277 innings to hit 49th century, compared to 452 innings of Tendulkar. Incidentally, Kohli has also scored the most runs in international cricket among contemporary players and is just next to Sachin Tendulkar's all-time record.

B61-13 will replace the 1980s era B61-7, the US department said in a press release published on October 27, 2023. Gravity bombs work by being pulled to the ground by the force of gravity instead of flying to the target on a powered missile, New York City-based Vice News reported. In this case, a bomber or an aircraft flies over the target and drops the bomb.

skipper addressed a press conference, where unimpressed by the question from the reporter, he gave a sharp response. During the press conference, a reporter asked him how his team plans not to 'choke' against the table-toppers India. To this, Bavuma said that the tag may not work for India if they fail to win the tournament even if they have won all 7 matches so far.

ballistic missile designed to carry nuclear warheads from a new nuclear submarine. The report comes as tensions are soaring between Russia and the West over the fighting in Ukraine.

Chrysos Corporation, a gold sample testing company making inroads with technology that is disrupting the industry, is preparing to raise equity and has hired Barrenjoey Capital Partners and Shaw and Partners to oversee the mooted cash call.