AI company Anthropic is reportedly negotiating a deal to purchase specialized AI inference chips from the British startup Fractile.
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AI company Anthropic is reportedly negotiating a deal to purchase specialized AI inference chips from the British startup Fractile.
Silvana Tenreyro will become the International Monetary Fund's new chief economist starting August 10, 2026. Her policy experience and academic background, including her time on the Bank of England's Monetary Policy Committee, will be instrumental in guiding the IMF's global economic analysis.
The Reserve Bank of India is advocating for interoperability within the Trade Receivables e-Discounting System (TReDS). This initiative aims to prevent business concentration among a few entities, drawing parallels to the early stages of UPI. Discussions with industry stakeholders and a process note have been shared.
Amazon's Prime Day (July 4-6) and Flipkart's GOAT sale (July 4-9) have launched the mid-year sale period. Initial results are mixed across categories, with mobile phones, large appliances, and fashion showing varied performance, setting expectations for the upcoming festive season.
Microsoft's Xbox division is cutting approximately 3,200 jobs, marking its most significant restructure in history. CEO Asha Sharma cited slower-than-expected growth, rising costs, and industry challenges, stating the business is "not healthy" and lost 64 cents per dollar invested.
Missing a term insurance premium doesn't immediately cancel coverage. A grace period allows for payment, and nominees can receive benefits if death occurs. Unpaid premiums after the grace period cause the policy to lapse, stopping life cover. Lapsed policies can be revived within five years, often requiring health checks.
The Reserve Bank of India is advocating for interoperability within the Trade Receivables e-Discounting System (TReDS). This initiative aims to prevent business concentration among a few entities, drawing parallels to early issues on the UPI platform. Industry discussions and a process note have been shared.
