AI startup Stability lays off 10% of staff after controversial CEO's exit: Read the full memo
Beleaguered artificial intelligence startup Stability is laying off employees after the exit of its controversial former CEO Emad Mostaque.
Development asian news
A former Maldives president is freed after a high court throws out his 11-year sentence
MALE, Maldives (AP) — A court in the Maldives on Thursday threw out former President Abdulla Yameen’s 11-year prison sentence on money laundering and bribery charges and ordered a retrial.
'Where do you see yourself in five years?': Recruitment expert on why you shouldn't care about this age-old question
"Where do you see yourself in five years?"
Baidu releases new AI tools to promote application development
SHENZHEN, China – One year after Chinese search engine operator Baidu released its ChatGPT-like Ernie bot, the company this week announced tools to encourage locals to develop artificial intelligence applications.
ECB June rate cut looks increasingly likely — but there are 'still some caveats,' German central bank chief says
European Central Bank policymaker Joachim Nagel said Wednesday that a rate cut for the institution looks increasingly likely for June, but added that certain parts of the incoming inflation data still look higher than desired.
ASML earnings drag semiconductor stocks lower
Chip stocks fell on Wednesday after ASML, a key developer of semiconductor manufacturing equipment, said that bookings fell by 61% sequentially during the first quarter, a steeper drop than investors had expected. AMD's stock fell over nearly 6%, Nvidia shares fell over 3%, Intel shares fell under 2% and Qualcomm was off over 2%. But the biggest drop affected chip technology firm Arm, which was trading nearly 12% lower on Wednesday.
How sustainability is driving China’s next economic transformation
There was some good news for China’s economy this week, with first-quarter gross domestic product (GDP) figures better than expected. However, structural and cyclical issues persist, and the consequences of policy missteps cannot be stressed enough.