Japan Banks to Compensate Customers for Record System Outage
Japanese banks will compensate customers for costs they incurred in connection with the record two-day outage that hit the domestic fund transfer system last week.
Bloomberg Tech
Just Eat Takeaway Raises Guidance As Profitability Improves
Just Eat Takeaway.com NV raised its full-year profit guidance as the company’s focus on cost cutting boosted profitability.
Singapore’s Insurtech Unicorn Bolttech Weighs $300 Million US IPO
Bolttech, a Singapore-based insurance technology firm, is considering a US initial public offering that could raise as much as $300 million, according to people with knowledge of the matter.
Altice Executives Made “Stupid” Mistakes, Drahi Tells Staff
Billionaire Patrick Drahi acknowledged flaws in the management of Altice group but said he isn’t worried about its debt, in his first meeting with employee representatives in France since a corruption probe hit his telecommunications empire this summer.
Putin Accepts Vietnam’s Invitation to Visit Hanoi ‘Soon’
Russian President Vladimir Putin accepted an invitation from Vietnam’s President Vo Van Thuong to visit the Southeast Asian country “soon,” according to a post on Vietnam’s government website.
ASML Order Slump Catapults China’s Share of Sales to 46%
ASML Holding NV’s order intake plunged in the third quarter amid a sector-wide slump in the semiconductor industry, helping propel sales in China to nearly half of its revenue in the period.
China Approves GM Corn and Soy Seed Varieties in Crop Boost
China has approved dozens of genetically modified corn and soybean seed varieties for planting, in a breakthrough move that could eventually boost production and reduce dependence on foreign supplies.
Meta Product Chief Sees AI Chatbots as Tool to Lure Advertisers
Meta Platforms Inc. Chief Product Officer Chris Cox said that AI chatbots will become an increasingly attractive tool for advertisers, rather than just a way to lure users, in a sign the company is pivoting the technology toward business customers.
Advanced Chip Collaboration with TSMC and Arm Sparks Rally in Japan’s Socionext
Socionext Inc. had its biggest intraday jump on record after announcing plans for advanced 2-nanometer chips in 2025, which would be targeted at data center, 5G wireless infrastructure and network-edge applications.
OpenAI Claims Tool to Detect AI-Generated Images Is 99% Accurate
OpenAI is building a tool to detect images created by artificial intelligence with a high degree of accuracy.