Jyoti Singh

Meta anticipates rapid increase in AI expenses following surpassing Wall Street expectations, says Reuters.

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Meta anticipates rapid increase in AI expenses following surpassing Wall Street expectations, says Reuters.

Meta Platforms, the parent company of Facebook, has issued a warning about the significant increase in expenses related to artificial intelligence infrastructure next year. Despite this, the company managed to surpass analysts’ expectations for both revenue and profit in the third quarter. The results have left investors unsure about whether the revenue generated from digital … Read more

Expansion of Chinese factory activity anticipated before arrival of economic stimulus package

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Expansion of Chinese factory activity anticipated before arrival of economic stimulus package

Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. Chinese factory activity improved for the first time in half a year in October, providing a positive sign for policymakers as they gear up for an important fiscal package to bolster the world’s second-largest economy. … Read more

Cloud computing continues to drive revenue growth for Microsoft and Alphabet in latest earnings reports.

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Cloud computing continues to drive revenue growth for Microsoft and Alphabet in latest earnings reports.

“ Microsoft’s cloud business played a significant role in driving overall growth for the tech giant in the latest quarter, as an increasing number of customers utilized the company’s cloud services for their AI-powered platforms and tools. Microsoft’s cloud revenue in the first fiscal quarter was $38.9 billion, marking a 22% year-over-year increase. A substantial … Read more

Finance ministry projects 3% growth for Thai economy in the upcoming year

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Finance ministry projects 3% growth for Thai economy in the upcoming year

Thailand’s economy is projected to expand by 3% in 2025, driven by factors such as private consumption, exports, investment, and tourism, according to the finance ministry. The country, which is the second-largest economy in Southeast Asia, is expected to grow by 2.7% this year, a forecast that remains unchanged. In 2021, Thailand’s growth was recorded … Read more

Siemens acquires Altair, a simulation software company, for $10.6 billion

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Siemens acquires Altair, a simulation software company, for .6 billion

Siemens has agreed to acquire simulation software company Altair for $10.6 billion in an all-cash transaction, marking a significant consolidation in the engineering software sector. The German conglomerate will pay $113 in cash per share of Altair, valuing the Michigan-based company at $10.6 billion. Altair provides data analytics technology and services to major corporate clients … Read more

Report by Vitality: Gen Z and young millennials lose the equivalent of one day’s work per week because of mental health issues

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Report by Vitality: Gen Z and young millennials lose the equivalent of one day’s work per week because of mental health issues

Gen Z and young millennial employees in Britain are struggling with mental health issues, leading to the equivalent of a day’s work being missed every week, according to new research. Vitality, a health and life insurer with over 30 million members worldwide, conducted an analysis revealing that the average worker in the U.K. feels unable … Read more

CEO of Paycom offloads shares valued at $655,996 according to Investing.com

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CEO of Paycom offloads shares valued at 5,996 according to Investing.com

Chad R. Richison, the CEO, President, and Chairman of Paycom Software, Inc. (NYSE: PAYC), recently carried out a series of stock sales amounting to $655,996. These transactions took place on October 29, 2024, at various price points ranging from $166.18 to $168.96 per share. The sales were executed under a joint Rule 10b5-1 trading plan … Read more

Milei, the President of Argentina, dismisses Foreign Minister following decision to lift embargo on Cuba, reports Reuters

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Milei, the President of Argentina, dismisses Foreign Minister following decision to lift embargo on Cuba, reports Reuters

Argentina’s President Javier Milei made the decision to replace Foreign Affairs Minister Diana Mondino after she voted in favor of lifting the U.S. embargo against Cuba at the United Nations. Milei, a libertarian who assumed office in late 2023, has a pro-United States stance and has been distancing Argentina from leftist trade partners such as … Read more