Tag: Firms
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Few APAC firms will benefit from AI due to doubt and data management
[ad_1] Richard Drury/Getty Images Artificial intelligence (AI) will continue to garner business interest over the next year, but few organizations in Asia-Pacific will be able to reap its full benefits due to their aversion to risk and subpar data management capabilities. Just 30% have the IT practices that are needed to harness the benefits of…
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Xiaomi 14 series debuts firm’s own HyperOS · TechNode
[ad_1] Xiaomi Group on Thursday unveiled its new operating system, the Xiaomi HyperOS, and its new flagship smartphone Xiaomi 14 series. CEO Lei Jun said the company’s strategy had moved beyond “smartphone connections to AIoT (Artificial Intelligence of Things)”, and now entailed having the “phone, home, and vehicle all within an ecosystem.” Why it matters:…
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EU ‘green mining’ grants went to firms linked to environmental abuses
[ad_1] One year in prison and €293,000 in compensation. That was the ruling of a Seville court in September 2016 against three executives of the mining company Cobre Las Cruces SA. The trio confessed to one count of environmental crime — contamination of an aquifer near the copper mine with arsenic, and one count of…
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Firms making millions by closing UK plants due to green loophole – campaigners
[ad_1] Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Companies have been making millions in unused carbon credits by closing or idling factories due to a loophole in a government decarbonisation scheme, according to campaigners. Greenpeace’s Unearthed investigation unit analysed the UK emissions…
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Dolphin Drilling firms up India rig deal
[ad_1] Dolphin Drilling Norwegian semisub owner Dolphin Drilling has been confirmed as the winner of the Oil India rig tender after submitting the lowest bid for a 14-month firm contract. The Øystein Stray Spetalen-backed company has secured a letter of award, subject to a signed final contract. Dayrates have not been disclosed. Dolphin said earlier…
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UK law firms concerned over costs as billable hours fall
[ad_1] Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Cost pressures from high inflation and an inability to pass the burden on through pricing to clients are among the biggest concerns of the top 100 law firms in the UK, according to a…
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Energy Firms, Green Groups and Others Reach Deal on Solar Farms
[ad_1] Solar developers, environmentalists, farming groups and tribal organizations said on Thursday that they had reached an agreement that could make it easier in the United States to build large solar farms, which have attracted stiff opposition in some places. The agreement seeks to address some thorny land-use and biodiversity issues that often stymie power…
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Baidu, SenseTime Among First Firms to Win China AI Approval |
[ad_1] Baidu, SenseTime Among First Firms to Win China AI Approval China approved the first batch of generative artificial intelligence services for public rollout, freeing up homegrown technology champions including Baidu Inc. and SenseTime Group Inc. to openly compete with the likes of OpenAI Inc. and Microsoft Corp. Baidu’s shares gained as much as 4.8% in Hong Kong. In a post…
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Chinese Contractors Won Nearly a Third of Construction Projects in Africa in 2022, Four Times More Than Western Firms – The China Global South Project
[ad_1] Chinese contractors won nearly a third of all construction projects in Africa last year, four times more than Western firms, according to a new study by the Hinrich Foundation. These findings mark a sharp reversal from the 1990s when U.S. and European firms won 85% of infrastructure contracts. (SOUTH CHINA MORNING POST) Chinese and Indian military…
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Digital Personal Data Protection Act Will Ensure Firms Handle Data of Indians Legally: IT Minister
[ad_1] Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar on Thursday said the Digital Personal Data Protection Act (DPDP Act) passed by Parliament recently will make digital companies handle the data of Indian citizens under absolute legal obligation. Calling the law an important milestone in the cyber law framework, Chandrasekhar said there…