Business News

Business

DeepSeek Faces Technical Glitch: R1 Interface Unavailable, Sparks Industry Speculation

DeepSeek, a prominent Chinese AI company, is currently addressing an issue with the unavailability of its R1 model's interface, sparking discussions on the impact and reliability o...

Business

IndusInd Bank Faces a 2.35% Net Worth Hit Due to Uncovered Account Discrepancies

IndusInd Bank anticipates a 2.35% net worth decline by December 2024 due to account discrepancies, despite strong profitability and capital adequacy. The bank has initiated an exte...

Business

Sun Pharma Announces Major Acquisition: Over Rs 3000 Crore Deal for US Oncology Firm

Sun Pharma, India's leading drugmaker, is set to acquire Checkpoint Therapeutics for over Rs 3000 crore, including the FDA-approved UNLOXCYT for advanced skin cancer. This move enh...

Business

Foxconn Introduces AI-Powered FoxBrain: A Leap Forward in Language Models

Foxconn, in collaboration with Nvidia, has launched FoxBrain, an AI-backed large language model with 70B parameters, capable of reasoning, data analysis, and more, ahead of its Q4 ...

Business

BioNTech Reports a Significant Drop in Q4 Revenue to €1.2 Billion, Exceeding Expectations

BioNTech SE announced a 24.4% year-over-year decrease in Q4 2024 revenue to €1.2 billion, exceeding analysts' expectations. The company also reported a net profit of €259.5 million...

Business

Rocket Companies to Revolutionize Real Estate with $1.75B Acquisition of Redfin

Rocket Companies announces a $1.75 billion acquisition of Redfin, aiming to integrate technology and real estate services to enhance consumer experiences with AI and boost mortgage...

Business

Global Disruption: X.com Faces Second Major Outage in a Single Day

X.com, owned by Elon Musk, faced two major outages in one day, affecting users worldwide. The disruptions, occurring at 6 am and 10 am ET, left users in countries including the US,...

Business

ServiceNow to Revolutionize Enterprise AI with $2.9 Billion Moveworks Acquisition

ServiceNow Inc. has announced the acquisition of AI firm Moveworks for $2.9 billion, aiming to combine their strengths in AI and automation to enhance employee experiences across b...