BLOOMBERG India will likely see below-normal monsoon rain this year, according to a private forecaster, a prospect that could hurt its vast agriculture sector and stoke inflation in Asia’s third-biggest economy. The coming season may bring only 94% of the rain India usually gets from June to September, Skymet Weather Services Pvt said. A lack of rain spells trouble for …

BLOOMBERG Taiwan Semiconductor Manufacturing Co (TSMC) missed sales estimates for the second consecutive quarter in a sign of continued weakness in global electronics demand. First-quarter revenue at the world’s biggest contract manufacturer of chips was NT$508.6 billion ($16.7 billion), according to Bloomberg calculations, falling shy of average analyst forecasts of NT$525.5 billion. A sharp slowdown in March contributed to that …

BLOOMBERG SenseTime Group Inc showed off a suite of new artificial-intelligence (AI) services developed with the company’s access to vast troves of data and deep computing power, including the latest Chinese challenger to AI phenom ChatGPT. Chief Executive Officer Xu Li took the stage to demonstrate the large AI model SenseNova and a user-facing chatbot called SenseChat. Xu, with help …