BLOOMBERG Instacart named former chief financial and operating officer Ravi Gupta to its board of directors, formalising a move after the grocery technology company went public earlier this week. “There are new growth areas — Connected Stores, Instacart Health, AI — entire plethora of ways that the company’s going to innovate,” Gupta said in an interview ahead of the announcement. ...

BLOOMBERG Cainiao Network Technology Co, the logistics arm of Alibaba Group Holding Ltd, is planning to file for its Hong Kong initial public offering as soon as next week, according to people familiar with the matter, potentially making it among the first of the Chinese tech firm’s units to go public. The company is targeting to raise at least $1 ...

BLOOMBERG Amazon.com Inc previewed a push into generative artificial intelligence with new features for its Alexa voice assistant. The new system will focus on a conversation-like interface, real-world applications, personalisation, personality and privacy, Dave Limp, the company’s outgoing devices and services chief, said during an event at Amazon’s second headquarters in Arlington, Virginia. “You can now have near human-like interactions ...

BLOOMBERG Amazon.com Inc has developed a new version of its cashierless shopping technology for clothing retailers — in an effort to expand the system beyond convenience and grocery stores. The retail and cloud-computing giant said the latest iteration of its Just Walk Out technology uses radio frequency identification, or RFID, tags to keep track of apparel. Previously, Amazon’s system has ...

BLOOMBERG Google has unveiled its next move in the race to dominate generative artificial intelligence: putting the technology directly into many of its most popular products. The Alphabet Inc division announced that it would equip services like Gmail, Maps, Docs and YouTube with its Bard chatbot. First released in February, Google’s Bard has lagged behind OpenAI’s ChatGPT. Google’s executives, facing ...

BLOOMBERG Intel Corp Chief Executive Officer Pat Gelsinger, plotting a comeback for the once-dominant chipmaker, made the case that the company’s technology will be vital to an industrywide boom in artificial intelligence computing.  Speaking at Intel’s annual Innovation conference, Gelsinger pointed to advances that his company is making in production technology and software developer tools for AI. The opportunity will ...

BLOOMBERG Government bonds slumped, wiping out early gains in US equity futures, as traders speculated central banks will keep interest rates elevated to quell inflation. The dollar hit its highest level since March. Germany’s 10-year yield rose to the highest since 2011 and the Stoxx 600 sank 0.6%, dragged down by mining shares. Rio Tinto Plc fell as much as ...

BLOOMBERG Healthcare stocks are heading for their worst annual performance relative to the broader market in almost 25 years as a new class of weight-loss drugs looks set to reorder the market for a host of existing profitable treatments. The group — which includes the likes of Pfizer Inc and CVS Health Corp — is one of the worst performers ...

BLOOMBERG European Central Bank (ECB) President Christine Lagarde reiterated that borrowing costs will remain elevated for as long as needed to tame consumer prices — even as the economy struggles. “Our future decisions will ensure that the key ECB interest rates will be set at sufficiently restrictive levels for as long as necessary,” Lagarde told lawmakers in the European Parliament. ...

AJMAN / WAM HH Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, issued Emiri Decree No 9 of 2023 regarding the establishment of the Ajman Government Media Office. The establishment of the office aims to boost the emirate’s stature and its media identity and reach globally, and reinforce transparency by providing accurate and reliable information ...