Wealth - CybAI news

16 Aug

Taiwan Turns Less Upbeat on Exports in Lowering Economic Outlook

stp2y0 CommentsRAG modelsartificial intelligence, Consumer Spending, Economic Growth, Exports, GDP, Government, jobs, taiwan, TAIWAN SEMICONDUCTOR MANUFAC, Technology, Wealth

Taiwan revised down its estimate for economic growth in 2024 after three straight upgrades, projecting a smaller increase in exports but remaining optimistic about overseas demand for artificial intelligence-related products.Gross domestic product is set to expand 3.9% this year, down from a previous estimate of 3.94% by the statistics bureau in May, according to a statement on Friday. In the first projection of next year’s growth, it said GDP will grow 3.26%. Source link lol

08 Aug

SoftBank-Backed Billionaire to Double Fortune on E-Scooter IPO

stp2y0 CommentsRAG modelsBhavish Aggarwal, Billionaires, cities, Elon Reeve Musk, india, IPOs, Mumbai, Pune, social media, Technology, Wealth

Just two years ago, Bhavish Aggarwal was facing one of his biggest tests. A video on social media showed an Ola Electric Mobility Ltd. vehicle bursting into flames in the Indian city of Pune, raising doubts about whether his bet on the world’s biggest e-scooter factory would ultimately pay off.The outspoken founder, who’s drawn parallels to Elon Musk, bounced back. Now, the company’s public listing is set to cement his position as one of the world’s youngest billionaires. Source link lol

07 Aug

Rich Barton Departs as Zillow CEO, Passing Reins to Top Deputy

stp2y0 CommentsRAG modelsEXPEDIA GROUP INC, Interest Rates, Jeremy Wacksman, Lloyd D Frink, MICROSOFT CORP, Real Estate, Rich Barton, SATURDAY NIGHT LIVE, Technology, travel, Wealth, ZILLOW GROUP INC - A

Zillow Group Inc. Chief Executive Officer Rich Barton is stepping down from the top job at the home listings company for the second time — with his latest tenure defined by a ill-fated attempt to reinvent the company, and more recently, his efforts to grow the business despite a historically sluggish housing market. Jeremy Wacksman, a longtime Zillow executive who was chief operating officer, was named to the position, according to a statement Wednesday. Barton will become co-executive chair, a title he will share with co-founder Lloyd Frink. Source link lol

06 Aug

SoftBank to Log Slim Profit Ahead of Masayoshi Son’s Next AI Bet

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SoftBank Group Corp. is likely to report a small profit, an indication of how past mistakes continue to weigh on the company even as billionaire founder Masayoshi Son prepares his next big AI bet.Emerging from a month of sharp selloffs, the Tokyo-based investment firm on Wednesday is expected to report a net income of ¥1 billion ($6.9 million) for the June quarter, according to the average of three analysts polled. That compares with a big loss of ¥477.6 billion a year ago, but is tiny compared with profits in the preceding two quarters, attesting to the continued drag from hundreds…

07 Jun

British Startups Just Can’t Seem to Scale

stp2y0 CommentsRAG modelsALPHABET INC-CL A, artificial intelligence, business, Conservative, europe, Government, politics, science, startups, Technology, United Kingdom, venture capital, view, Wealth

This is part of a series on what 14 years of Tory rule have delivered for Britain’s economy, society and standing in the world. The challenges awaiting the next government are numerous. Britain takes a third of all the money flowing from venture capital investors into Europe and has done so almost consistently for the last 14 years. Its ecosystem has thrived independent of Conservative Party policies, thanks in part to its wealth of English speakers and world-class universities. Even Brexit failed to stop talented engineers from taking jobs at British tech firms, many of whom count around a third…