Washington, July 6 (IANS) Artificial intelligence’s biggest obstacle is no longer advanced computer chips but access to electricity, BlackRock Chairman and Chief Executive Larry Fink has said, warning that the United States must modernise its ageing power grid or risk slowing the next wave of technological innovation.Speaking in an interview with CNN’s Fareed Zakaria GPS, Fink said the rapid expansion of AI is creating unprecedented demand for computing power, exposing weaknesses in America’s el…
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Ahmedabad, July 3 (IANS) Global institutions and India’s largest mutual funds have backed multiple Adani Group companies, marking a sharp turnaround in investor sentiment.Adani Group has emerged as one of the biggest draws for institutional investors over the past year, attracting around Rs 40,000 crore of fresh equity into its flagship company alone while also seeing marquee global and domestic investors increase their exposure across several listed entities.Adani Enterprises Ltd (AEL) this wee…
New Delhi, July 2 (IANS) China’s President Xi Jinping has repeatedly emphasised at high-level meetings with world leaders and corporate heads that his country is keen to attract foreign investments, even though recent events have brought into question the safety and viability of those potential investments, according to an article in The Diplomat.It highlights that world’s top business leaders that Jinping has addressed at meetings in recent months include Elon Musk of Tesla and SpaceX, Jens…
New Delhi, May 7 (IANS) Hyderabad-based private space launch startup Skyroot Aerospace on Thursday said it has raised $60 million in a fresh funding round led by existing investors Sherpalo Ventures and Singapore’s sovereign wealth fund GIC, becoming India’s first space-tech unicorn.The latest investment round also saw participation from BlackRock, the founders of Greenko Group, Arkam Ventures, Playbook Partners, Shanghvi Family Office and several other investors.While Playbook Partners and …
Washington, April 15 (IANS) War in the Middle East is threatening to slow global growth and push up prices, IMF officials warned, as supply disruptions spread across energy markets and trade flows.The International Monetary Fund said the conflict has created “exceptional uncertainty” in the global outlook, forcing a reassessment of forecasts. Deputy Managing Director Bo Li said all scenarios now point to “higher price and lower growth and slower growth.”The impact is already visible acro…
New York, March 31 (IANS) A broker for US Defence Secretary Pete Hegseth explored a multimillion-dollar investment in defence stocks just weeks before a US-Israel strike on Iran.The broker at Morgan Stanley approached BlackRock in February about allocating funds into a defence-focused ETF tied to contractors like Lockheed Martin and Northrop Grumman. Such companies typically benefit from rising military spending amid geopolitical tensions and military activity, Xinhua news agency reported quotin…