Anthropic has agreed to present findings from its Mythos AI model to the world’s top financial regulators, after the technology raised alarm across central banks and finance ministries over its…
Category: Companies
E-commerce giant Shein buys apparel brand Everlane, reports say
Chinese e-commerce giant Shein is acquiring US apparel retailer Everlane from majority owner L Catterton, according to media reports. The transaction values the San Francisco-based company at about $100 million,…
QSR chains witness improved demand trends in March quarter in India, bullish on store expansion
Leading QSR brands such as KFC and Burger King have reported strong performance in terms of same-store sales growth in the March quarter, aided by better demand trends due to…
Bharti-backed Gourmet Investments brings Olive Garden to India, bets on premium casual dining expansion
NEW DELHI: Bharti Family Office-backed Gourmet Investments Hospitality Group (GIHG) is betting that India’s affluent consumers are willing to spend more on premium casual dining, as it brings American-Italian chain…
Meta 20 May layoff: As ‘doomsday’ nears, anxious employees stock up on free snacks, chargers; apply to jobs preemptively
As ‘doomsday’ nears for as many as 8,000 Meta employees, 10% of the global employees of Facebook and Instagram, workers are reportedly stocking up on free snacks, drinks and chargers.…
Rapido has innovated, but we’ve innovated faster: Uber CEO Dara Khosrowshahi
Uber CEO Dara Khosrowshahi knows a thing or two about turnarounds. After scaling Expedia Group, he took over from Uber co-founder Travis Kalanick in 2017, led the company through its…
Gautam Adani is overhauling his conglomerate, from Apple-style vendors to less hierarchy and more talent grooming
Billionaire Gautam Adani is looking to outsource vast swathes of the group’s operations to its vendors while conserving management bandwidth for strategy, research and finance, following the global playbook of…
With largest US commuter rail system shut down, federal labor officials urge unions to resume talks
NEW YORK — Federal officials implored unions representing workers for the Long Island Rail Road, North America’s largest commuter rail system, to resume bargaining Sunday to prevent a long strike…
As IPO momentum fades, VCs embrace partial exits and M&A
Venture capital (VC) investors are becoming more pragmatic about exits, with secondaries, founder buybacks and strategic sales increasingly seen as valid liquidity routes alongside initial public offerings (IPOs). The shift…
Jane Street Doubles Capacity in Singapore as Expansion Rolls On
(Bloomberg) — Jane Street Group LLC moved into a new Singapore office this month, doubling its seating capacity to 250 people as it continues to ramp up operations across Asia,…