MUMBAI: RBI deputy governor M Rajeshwar Rao said Saturday that technology and innovations can expand product offerings and financial services to underserved segments at lower costs, but the entry of new players, especially fintech firms, can alter the financial service provider landscape.This can bring new challenges by influencing market concentration …
Huawei brought one of the largest displays to Mobile World Congress in Barcelona in February 2024. Sopa Images | Lightrocket | Getty Images BEIJING — Chinese telecommunications company Huawei said Friday its net profit for 2023 more than doubled thanks to better product offerings. The company also attributed the profit …
In this photo illustration the UnitedHealth Group logo displayed on a smartphone screen. Sheldon Cooper | Sopa Images | Lightrocket | Getty Images UnitedHealth Group has paid out an additional $1 billion to providers that have been impacted by the Change Healthcare cyberattack since last week, bringing the total amount …
Amazon is making its largest outside investment in its three-decade history as it looks to gain an edge in the artificial intelligence race. The tech giant said it will spend another $2.75 billion backing Anthropic, a San Francisco-based startup that’s widely viewed as a front-runner in generative artificial intelligence. Its …
Microsoft said Monday it has selected company veteran Pavan Davuluri to lead its Windows operating system and Surface devices teams. Davuluri, who joined Microsoft in 2001 and has been corporate vice president for almost three years, is taking on additional responsibilities after Panos Panay decamped to Amazon last fall. Windows …
Nicolas Economou | Nurphoto | Getty Images Bitcoin spiked to start the final week of March, reclaiming the $69,000 level. The price of the flagship cryptocurrency was last higher by about 6% at $69,778.60, according to Coin Metrics. Ether jumped 5% to $3,575.01. Most other cryptocurrencies rode the bitcoin wave, …
Nvidia CEO Jensen Huang delivers a keynote address during the Nvidia GTC Conference at the SAP Center in San Jose, California, on March 18, 2024. Justin Sullivan | Getty Images Last week, Nvidia announced deals with Johnson & Johnson for use of generative AI in surgery, and with GE Healthcare to …
