Business - Asian News from UK

SK Telecom invests $100M in US AI firm

Based on the collaboration, SK Telecom plans to bolster its own LLM model to better and more efficiently serve customers’ needs….reports Asian Lite News SK Telecom, South Korea’s largest wireless carrier, said

August 15, 2023

Business·Economy·STARTUPS News

OpenAI faces bankruptcy risk

Analytics India Magazine reported that ChatGPT website has seen a continuous user decline in the first six months of the year….reports Asian Lite News ChatGPT maker OpenAI is likely to go bankrupt

August 15, 2023

Business·Tech LITE·Technology

Foxconn plans industrial parks in India

The iPhone maker will also deploy more resources in Karnataka, Telangana and other states…reports Asian Lite News Hon Hai Technology Group (Foxconn) said on Monday it will plan to establish industrial parks

August 15, 2023

Business·India News·Tech LITE

Huawei smartphone sales finally up after 2 years

Huawei generated 310.9 billion yuan ($43.1 billion) in revenue, with a year-on-year increase of 3.1 per cent and a net profit margin of 15 per cent….reports Asian Lite News Chinese conglomerate Huawei

August 14, 2023

Business·Tech LITE·Technology

Shutterfly shuts down facility, lays off 246 employees

Since the facility is being shut down, these employee losses are likely to be permanent. Layoffs will start from October 9 in multiple tranches till June 28, 2024….reports Asian Lite News Photography

August 14, 2023

Business·Tech LITE·Technology

Radisys buys Mimosa

Mimosa brings a diverse portfolio of point-to-point and point-to-multi-point connectivity products leveraging unlicensed spectrum bands….reports Asian Lite News Radisys Corporation, a wholly-owned subsidiary of Jio Platforms Limited and a global leader in

August 14, 2023

Business·Economy·India News

Indian Tech Leaders Embrace GenAI with Caution

To adapt and empower the workforce with the necessary skills and tools, Coforge has proactively developed internal learning paths and curriculum…writes Nishant Arora As generative AI (aka chatbots) spark a lot of

August 14, 2023

Business·Tech LITE·Technology

Nifty’s downward trend continues with third weekly fall

Nifty fell for the second consecutive session on Aug 11, pulled down by weak global cues. …reports Asian Lite News Deepak Jasani, Head of Retail Research, HDFC Securities said that Nifty fell

August 13, 2023

Business·Economy

Huawei’s consumer business grows 2% amidst challenges

Huawei generated 310.9 billion yuan ($43.1 billion) in revenue, with a year-on-year increase of 3.1 per cent and a net profit margin of 15 per cent….reports Asian Lite News Chinese conglomerate Huawei

August 13, 2023

Business·Tech LITE·Technology

Toyota recalls 168,000 vehicles to address fire risk

Customers will receive free installation of protective materials and a clamp on the fuel tube as a temporary measure until the final remedy parts are available….reports Asian Lite News Japanese automotive giant

August 13, 2023

Business·Tech LITE·Technology

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