business news

In a groundbreaking move that has shaken the global artificial intelligence (AI) landscape, the Chinese startup DeepSeek has emerged as a serious competitor to the likes of OpenAI, Meta, and Google, unveiling a new generation of AI models that challenge the dominance of US tech giants at a fraction of the cost.

In a candid interview with The Times, Microsoft co-founder Bill Gates admitted that divorcing his ex-wife, Melinda French Gates, remains one of his biggest regrets. The billionaire philanthropist reflected on the emotional toll of their split, calling it his "greatest mistake."

A US-based company has revealed plans for a lavish $300 million doomsday bunker complex that promises unmatched security, luxury, and medical care, catering exclusively to ultra-wealthy individuals. The Aerie project, designed to shield clients from global catastrophes, is set to open in 2026 and will offer an elite level of protection along with futuristic amenities.

Meta Platforms Inc., led by CEO Mark Zuckerberg, has revealed ambitious plans to invest at least $60 billion in artificial intelligence (AI) technology in 2025, aiming to solidify its position as a leader in the rapidly expanding field. This investment will include a massive new datacenter to power Meta's AI operations, with total capital expenditures expected to range from $60 billion to $65 billion for AI-related technologies.

Hayato Kawamura, a 38-year-old entrepreneur from Osaka, Japan, has become an inspiring figure in the world of real estate investment. His remarkable journey to financial success involves purchasing 200 run-down houses and transforming them into a profitable rental business, earning a staggering ₹8.2 crore in the process.

The Union finance ministry has officially notified the operationalization of the Unified Pension Scheme (UPS) for central government employees, which will begin from April 1, 2025. This new pension scheme, an option under the National Pension System (NPS), aims to provide guaranteed retirement benefits to federal employees.

In a remarkable ceremony held on the eve of Republic Day, several distinguished individuals across various fields were conferred prestigious Padma awards by the President of India. The honorees include a mix of luminaries from politics, entertainment, sports, music, and social work, whose outstanding contributions have left a significant mark on the nation.

Indian Oil Corp (IOC), India's largest refiner, has made a significant purchase of 7 million barrels of Middle Eastern and African crude oil as it adapts to ongoing disruptions in global oil supplies. The purchase comes in the wake of recent U.S. sanctions targeting Russian oil producers and tankers, which have affected India's ability to import Russian crude.

Amazon is reportedly laying off approximately 200 employees in its Fashion and Fitness group, which is part of its broader effort to expand its apparel and fashion categories in the United States. This round of job cuts affects employees in San Diego, according to a report from Business Insider, citing internal communication shared on a Slack channel.

Laurene Powell Jobs, the wife of late Apple co-founder Steve Jobs, fell ill while attending the Maha Kumbh in Prayagraj, Uttar Pradesh, on Tuesday. Powell Jobs, who arrived in the city on Monday after visiting the Kashi Vishwanath Temple in Varanasi, developed allergies on her second day at the event. However, despite her health setback, she expressed her intention to participate in the sacred ritual of taking a dip in the Ganga river.