USA Today’s Top Editor Departs, the Second in Less Than Two Years
Caren Bohan, who was named editor in chief in September 2024, will no longer continue in her role “effective immediately,” the company told employees. Source link
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Nadella pledges $17.5 billion AI, cloud funding in India
Microsoft is injecting a massive $17.5 billion into India, its largest investment in Asia, to bolster cloud and AI infrastructure. This significant commitment, alongside Google’s plans, underscores India’s growing importance as a global AI hub. The investment aims to enhance skilling and operations, positioning India as a frontier AI nation ready for transformative growth. NEW…
Asserting a Personal Role in Warner Bros. Battle, Trump Expands His Powers Again
The move comes as the Supreme Court also appears poised to put antitrust enforcement by the Federal Trade Commission under his control. Source link
Plan to make AI developers pay for content
A government panel has proposed a ‘hybrid model’ for AI firms, granting them a blanket license to use copyrighted works for training AI systems. This framework mandates royalty payments to intellectual property rights holders, who cannot opt out. A centralized, non-profit entity will manage these payments, simplifying access for developers and ensuring fair compensation for…
Cruise Passenger Was Served 33 Drinks Before Deadly Encounter With Crew, Suit Says
Michael Virgil, 35, became agitated on a Royal Caribbean ship and was restrained by at least five crew members, including some who stood on his back, before he died, the medical examiner said. Source link
Rupee at 90 per US dollar: What is RBI doing to defend it? ‘Sell $100 Million Every Minute’!
Multiple factors are affecting the rupee negatively. (AI image) The Indian rupee is under pressure and has been hitting new lifetime lows – crossing the 90 mark versus the US dollar. The rupee has depreciated 4.9% against the dollar in 2025, positioning itself as the third-worst performer among 31 major currencies, surpassed only by the…
Mackenzie Scott Announces $7 Billion of Giving This Year
The philanthropist known for giving to historically Black colleges and nonprofits working on climate change offered the news by updating an October blog post. Source link
Capital market: Mutual funds could beat banks in credit; Kotak AMC Nilesh Shah explains what investors should do
Credit provided by India’s capital markets could eventually surpass bank lending, Kotak Mahindra AMC managing director and CEO Nilesh Shah said on Tuesday, underscoring a structural shift in how the economy is financed.Speaking at an event in Mumbai, Shah said credit, which was traditionally dominated by banks, is increasingly being provided by capital markets and…
IndiGo disruptions: Over 40,000 passengers hit at Mumbai airport since December 1; delays and cancellations pile up, says MIAL
More than 40,000 passengers were impacted by flight cancellations and another over 2.6 lakh faced long delays at Mumbai airport in the past week as IndiGo grappled with severe operational disruptions, Mumbai International Airport Limited (MIAL) said on Tuesday. According to MIAL, a total of 40,789 passengers were affected due to the cancellation of 905…
Fed call ahead: Central bank eyes third rate cut amid sharp divisions; why follow-up easing looks uncertain
The US Federal Reserve is widely expected to lower borrowing costs this week, but deep divisions within the policy-making panel suggest further rate cuts will be harder to secure, analysts say.Policymakers are set to meet on December 9–10 amid a complicated economic backdrop, with inflation still running above the Fed’s 2% target even as hiring…