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India’s startup market has tremendous potential

India's startup market is worth betting on, though it's still "a few years" behind China's, Facebook co-founder Eduardo Saverin said. During a panel discussion at the Forbes Global CEO Conference in Singapore this week, Saverin said his investment company B Capital is deploying "a lot of dollars" into India and is thinking about the long-term success of new companies there. "I think India is a huge market with just tremendous potential," Saverin said, in response to a question on why India's startup ecosystem has not…

Developing Countries Face Stiff Economic Headwinds, World Bank Chief Says

WASHINGTON—The head of the World Bank warned that developing nations face an extremely challenging near-term outlook, as the sharp slowdown in global growth raises the risks of a prolonged recession.Speaking Wednesday at Stanford University, David Malpass said the challenges for the developing world are shaped by higher food, fertilizer and energy prices caused by the war in Ukraine, as well as rising interest rates, currency depreciation and capital outflows, which could result in a…

Amazon Wants Its Home Robot, Astro, to Anticipate Your Every Need

The same approach to teaching Astro with gestures and words could in the future be extended to all kinds of furniture and objects in a home, Washington says. The underlying AI technology could also help the robot make sense of what people are doing. “Artificial intelligence has reached this amazing inflection point,” he says. “It’s fully within reach to know ‘This is a chair,’ and ‘There is someone sitting in a chair.’” Amazon is also planning a software update this year that will allow Astro to identify cats and dogs and…

Amazon Wants to Cocoon You With ‘Ambient Intelligence’

That project is now personified by today's announcement of Halo Rise, the $140 “no-contact bedside sleep tracker, smart alarm and wake-up light” that picks up signals from your bedroom that even the partner sleeping beside you won’t notice. (To get the best use of that data to improve sleep, users must subscribe to the premium Halo app; the first six months are free.) Amazon had already been in the popular sleep tracking-game with its wearable Halo wristband, but a dedicated radar-equipped device is enough to cause…

Here's why Biogen's promising Alzheimer's drug data is also good news for Eli Lilly

We don't own Eli Lilly exclusively for its potential Alzheimer's treatment. However, we still find Biogen's topline data to be very encouraging for Lilly. We don't own Eli Lilly exclusively for its potential Alzheimer's treatment. However, we still find Biogen's topline data to be very encouraging for Lilly. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is…

Oscar winner Tom Hanks says he’s only made 4 ‘pretty good’ movies

Tom Hanks may just be the most modest man in Hollywood.Despite building a career that spans more than 80 films and six Oscar nominations, the 66-year-old actor commented in a recent interview that only a handful of his movies are "pretty good."Speaking with People Magazine while promoting his debut novel — a fictional story about the making of a big-budget superhero film called "The Making of Another Major Motion Picture Masterpiece" — the "Castaway" actor said it's a "miracle" that any films make it through the…

Supreme Court to allow public at hearings for first time since Covid

A crosswalk signal is seen outside the U.S. Supreme Court building in Washington, U.S., June 27, 2022.Elizabeth Frantz | ReutersThe Supreme Court starting Monday will allow members of the public to attend oral argument hearings for the first time since the Covid-19 lockdown of March 2020, the court's press office confirmed in a statement Wednesday.The resumption of public access will coincide with the beginning of the high court's October term, when the court's justices are due to hear arguments in three cases.And the…

Jim Cramer says Wednesday’s market rally was ‘based on a dream’

CNBC's Jim Cramer said that Wednesday's rally will likely reverse course as soon as a Federal Reserve official reminds Wall Street of its hawkish stance against inflation."The moment some Fed-head explains the obvious, today's gains will indeed disappear because they're incompatible with the Fed's attempts to control inflation. This rally was based on a dream," he said.related investing newsThe S&P 500 falls to a fresh low for the year. Here's where stocks may go nextStocks rose on Wednesday as the Bank of England…

Wolfspeed is not a buy

Enovix Corp: "I have to say because It costs too much money."Wolfspeed Inc: "I'm going to tell you not to buy. This stock doesn't make money."Stem Inc: "A company that does not make a lot of money with a high stock in an era when the Fed wants to crunch inflation is not a stock you can own."Jim Cramer's Guide to InvestingClick here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest smarter. Enovix Corp: "I have to say because It costs too much money."Wolfspeed Inc:…

LeBron James Is Buying a Professional Pickleball Team

Mr. James and his business partner Maverick Carter have joined a group of investors that includes NBA players Draymond Green and Kevin Love to purchase a Major League Pickleball expansion team, the league said Wednesday.  Other investors include investment firm SC Holdings; Paul Rivera, chief marketing officer for the SpringHill Company; and Relevent Sports Group co-owner and Chief Executive Daniel Sillman.…