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Perplexity AI, an artificial intelligence search engine startup hoping to chip away at Google's dominance, is seeking to more than double its valuation to about $9 billion in its next funding round, CNBC has confirmed.
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The government is mulling a two-tier price system for the country’s most-widely used fuel, so that the wealthiest 15 per cent pay the market rate for RON95 petrol while the rest enjoy the current subsidised price, Economy Minister Rafizi Ramli said on Saturday. That’s expected to save the government 8 billion ringgit (US$1.9 billion) a year – though it could also trigger second-round price increases and lead to a surge in inflation, he said.
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Eutelsat, the world's third-biggest satellite operator by revenue, launched 20 satellites for its communications network on Sunday, using Elon Musk's SpaceX in its first move since the merger of two European companies last year.
Vivo shipped 9.1 million units in India in the three months through September, growing 26 per cent year on year and capturing a 19 per cent share of the market, according to a report from research firm Canalys on Friday.
Chinese companies venturing into Southeast Asia, one of the hottest destinations for overseas expansion, should refrain from flooding the market with homogeneous products and services that would lead to vicious competition, a senior Chinese bank executive has urged.
Business: Air Products and Chemicals is an industrial gases company. It's focused on serving energy, environmental and emerging markets. Its base business provides essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing and food. Air Products also develops, engineers, builds, owns and operates clean hydrogen projects supporting the transition to low- and zero-carbon energy in the heavy-duty transportation and industrial sectors. In addition, it provides turbomachinery, membrane systems and cryogenic containers globally. Air Products has operations in approximately 50 countries.