Category: Business
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Focus on Solving Real Problems”: Tech Billionaire Ankur Jain Shares His Simple Path to Success
Tech entrepreneur Ankur Jain, 34, boasts a net worth of $1.2 billion, as per Forbes. Known for his previous role as an executive at Tinder, where he still holds a 36% stake, Jain launched his latest venture, Bilt Rewards, in 2022. Bilt enables users to earn rewards by paying rent or purchasing homes, and is…
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Tim Cook Shares Thoughts on His Future, Says ‘It’s Hard to Picture Life Without Apple’
Apple (AAPL) is undergoing significant transformations as it continues to expand its Apple Intelligence generative AI platform, grapples with slowing iPhone sales, and seeks its next major product. At the same time, the tech giant has experienced several high-profile executive departures over the past year. As reported by Bloomberg, notable exits include Matt Fischer, head…
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Honda CEO States: ‘Customers Can’t Be Forced to Switch from Petrol/Diesel to EVs’ – Here’s the Reason
In recent years, automakers have heavily promoted electric vehicles (EVs), driven largely by governmental and stakeholder pressures. However, many manufacturers are now scaling back their EV plans, shifting focus to hybrid and internal combustion engine (ICE) vehicles. Honda’s CEO, Toshihiro Mibe, recently addressed this shift, emphasizing that forcing customers to transition from ICE vehicles to…
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TotalEnergies halts investment in Adani Green, seeking clarity on bribery allegations, says CEO
TotalEnergies has chosen to pause its investment in Adani Green Energy until there is greater clarity on a U.S. bribery case involving Indian billionaire Gautam Adani, CEO Patrick Pouyanne confirmed on Tuesday. The French firm, which holds a 19.8% stake in Adani Green, has other projects in its portfolio to meet its renewable energy expansion…
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Volkswagen CEO Says Job Cuts, Plant Closures, and Restructuring to Be Completed in 3-4 Years
Volkswagen CEO, Thomas Schaefer, stated on Saturday that the automaker has no choice but to implement job cuts and plant closures in order to achieve €4 billion in cost reductions. In an interview with Welt am Sonntag, Schaefer emphasized that the company must find comprehensive solutions to address its challenges. “Any solution must reduce both…
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Jensen Huang: Creating Nvidia Was ‘A Million Times Harder’ Than Anticipated
Earlier this year, Nvidia Corp (NVDA) reached a historic milestone, becoming the world’s most valuable company, thanks to the skyrocketing demand for its artificial intelligence (AI) chips. Nvidia’s CEO, Jensen Huang, who founded the multi-billion-dollar chip company more than 30 years ago, recently opened up about the challenges of turning expectations into reality and what…
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Infosys’ 78-year-old co-founder says, “I don’t believe in work-life balance,” revealing he worked 14 hours daily, 6.5 days a week
N.R. Narayana Murthy, the 78-year-old co-founder of Infosys, shared that he worked 14 hours a day, six-and-a-half days a week for 30 years until retiring in 2011 at the age of 65. He would arrive at the office at 6:20 a.m. and leave at 8:30 p.m., a routine he was “very proud” of. Infosys, founded…
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Sam Altman of OpenAI Says: ‘The Future of Startups Might Involve Just One Person and 10,000 GPUs’
Sam Altman, the CEO of OpenAI, has outlined five stages of AI development that will eventually lead to Artificial General Intelligence (AGI). The first stage consists of chatbots, followed by reasoners, which OpenAI claims has already been achieved with o1. The subsequent stages involve agents, innovators capable of scientific breakthroughs, and finally, fully autonomous organizations.…
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Delhivery CEO: Quick Commerce is Impacting Kiranas
Quick commerce platforms are impacting small retailers, or Kirana shops, more significantly than large e-commerce giants, according to Sahil Barua, CEO of logistics firm Delhivery, during a post-earnings call on Friday. Delhivery’s revenue is heavily reliant on express parcel shipments, with 62% in FY24 coming from e-commerce companies. Barua explained, “While this might not be…
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Trump’s Tariffs Will Raise Prices, Says Mark Cuban
Mark Cuban is sounding the alarm again on President-elect Donald Trump’s tariff proposals. In a Threads post on Friday, Cuban warned that companies are already preparing for potential tariffs on Chinese imports by stocking up on inventory. He explained that this would inevitably lead to higher consumer prices due to the costs of storing excess…