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Sberbank CEO Herman Gref on Developing AI Amid Sanctions and Bringing AI to India
Sberbank plans to expand its presence in India and hopes to secure a full banking licence within three years. CEO Herman Gref told Gadgets 360 that the bank built its own AI infrastructure despite Western sanctions, drawing on long-term investment, Chinese support and thousands of in-house engineers. Sberbank now wants to share its AI capabilities,...
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China's 'Warren Buffett' To Pay Rs 664 Crore To Ex-Wife After 15-Year-Long Divorce Case
The ruling mandates an equal split of shares in the couple's co-founded company, Beijing Zhongzheng Wanrong Investment Group.
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Apple Supplier Luxshare Weighs Manufacturing in US to Tackle Tariffs
Apple supplier Luxshare is deliberating if it should shift more of its production outside China responding to US tariffs. The remarks by the Chinese company provide a glimpse into deliberations by companies around the world scrambling to tackle President Donald Trump's tariffs that took effect on Wednesday.
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Ubisoft Forms New Subsidiary for Assassin's Creed, Far Cry and Rainbow Six Franchises Backed by Tencent
Ubisoft is forming a new dedicated subsidiary for its core IPs of Assassin’s Creed, Far Cry and Tom Clancy’s Rainbow Six in an effort to transform its operations, the company announced Thursday. The new entity will be backed by a €1.16 billion investment from Chinese conglomerate Tencent, which will hold a minority stake in the subsidiary.
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Canada Orders Shutdown of TikTok's Business in Country, App Access to Continue
Under Canadian law, the government can assess potential risks to national security from foreign investments, such as the TikTok proposal. The law prevents the government from revealing the details of such investments.
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BYD and other Chinese Manufacturers Reportedly Looking to Double Overseas Capacity
Amidst the ever growing competition in China, Companies like BYD and other manufacturers are investing heavily in European plants.
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Foxconn to Invest Over $1.5 Billion in India; Sent Chinese Engineers to Train Workers This Year: Reports
Apple supplier Foxconn will invest over $1.5 billion (roughly Rs. 12,500 crore) in India as the company looks to expand production of Apple's iPhone in the country, according to a report. The move comes a year after the Taiwanese firm's factories in China were severely impacted by the country's strict COVID-19 restrictions in 2022. The company also...
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Chinese Firms To Invest Nearly $1 Billion In Northern Mexico
A Chinese supplier for Tesla and a Chinese technology company will invest nearly a billion dollars in the northern Mexican state of Nuevo Leon where the automaker is planning a new factory.
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Bhutan Seeking Investment for $500 Million Fund for Green Crypto Mining in Himalayas
Bhutan’s investment arm and Nasdaq-listed company Bitdeer Technologies Group plan to seek investors for a fund worth up to $500 million that will be used to develop green crypto mining in the Himalayan kingdom.
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TikTok CEO Grilled Over Security Concerns in Hearing With US Lawmakers
US lawmakers at a congressional hearing on Thursday accused TikTok of serving harmful content and inflicting "emotional distress" on young users, grilling the Chinese-owned app's CEO on the company's outsized influence on teens. Chew, in his first appearance before Congress, testified that while the "vast majority" of TikTok users are over the age...
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Sberbank CEO Herman Gref on Developing AI Amid Sanctions and Bringing AI to India
Sberbank plans to expand its presence in India and hopes to secure a full banking licence within three years. CEO Herman Gref told Gadgets 360 that the bank built its own AI infrastructure despite Western sanctions, drawing on long-term investment, Chinese support and thousands of in-house engineers. Sberbank now wants to share its AI capabilities,...
-
China's 'Warren Buffett' To Pay Rs 664 Crore To Ex-Wife After 15-Year-Long Divorce Case
The ruling mandates an equal split of shares in the couple's co-founded company, Beijing Zhongzheng Wanrong Investment Group.
-
Apple Supplier Luxshare Weighs Manufacturing in US to Tackle Tariffs
Apple supplier Luxshare is deliberating if it should shift more of its production outside China responding to US tariffs. The remarks by the Chinese company provide a glimpse into deliberations by companies around the world scrambling to tackle President Donald Trump's tariffs that took effect on Wednesday.
-
Ubisoft Forms New Subsidiary for Assassin's Creed, Far Cry and Rainbow Six Franchises Backed by Tencent
Ubisoft is forming a new dedicated subsidiary for its core IPs of Assassin’s Creed, Far Cry and Tom Clancy’s Rainbow Six in an effort to transform its operations, the company announced Thursday. The new entity will be backed by a €1.16 billion investment from Chinese conglomerate Tencent, which will hold a minority stake in the subsidiary.
-
Canada Orders Shutdown of TikTok's Business in Country, App Access to Continue
Under Canadian law, the government can assess potential risks to national security from foreign investments, such as the TikTok proposal. The law prevents the government from revealing the details of such investments.
-
BYD and other Chinese Manufacturers Reportedly Looking to Double Overseas Capacity
Amidst the ever growing competition in China, Companies like BYD and other manufacturers are investing heavily in European plants.
-
Foxconn to Invest Over $1.5 Billion in India; Sent Chinese Engineers to Train Workers This Year: Reports
Apple supplier Foxconn will invest over $1.5 billion (roughly Rs. 12,500 crore) in India as the company looks to expand production of Apple's iPhone in the country, according to a report. The move comes a year after the Taiwanese firm's factories in China were severely impacted by the country's strict COVID-19 restrictions in 2022. The company also...
-
Chinese Firms To Invest Nearly $1 Billion In Northern Mexico
A Chinese supplier for Tesla and a Chinese technology company will invest nearly a billion dollars in the northern Mexican state of Nuevo Leon where the automaker is planning a new factory.
-
Bhutan Seeking Investment for $500 Million Fund for Green Crypto Mining in Himalayas
Bhutan’s investment arm and Nasdaq-listed company Bitdeer Technologies Group plan to seek investors for a fund worth up to $500 million that will be used to develop green crypto mining in the Himalayan kingdom.
-
TikTok CEO Grilled Over Security Concerns in Hearing With US Lawmakers
US lawmakers at a congressional hearing on Thursday accused TikTok of serving harmful content and inflicting "emotional distress" on young users, grilling the Chinese-owned app's CEO on the company's outsized influence on teens. Chew, in his first appearance before Congress, testified that while the "vast majority" of TikTok users are over the age...
