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Speaking at the flagship IBM Think conference in Mumbai, on Tuesday, Paul Burton, general manager, IBM Asia Pacific, and Sandip Patel, managing director, IBM India and South Asia, said that skill gaps and talent scarcity are also driving larger investments in artificial intelligence (AI) and automation.

OneCoin, based in Sofia, Bulgaria, marketed and sold a fraudulent cryptocurrency by the same name through a global multi-level-marketing network.

ABB said the European robotics and automation market is expected to grow by 7% per year between 2023 and the end of 2027, driven by companies bringing back production from Asia.

Shares in Apple and its suppliers were battered last week after reports that Chinese government agencies and state firms were banning staff from using the phone and Huawei launched a new smartphone with an advanced chip, seen as an effort by the Chinese firm for a comeback.

Google denied that it had illegally used agreements to exclude its search competitors and said it had simply provided a superior product, adding that people can easily switch which search engine they use.

The Department of Justice has accused Google of using its dominance in the internet search market to stifle competition and innovation. The trial, which could have significant implications for the future of the internet, will determine whether Google broke the law by rigging the market in its favor. The government argues that Google pays billions of dollars annually to secure its position as the default search engine on various devices and platforms, giving it an unfair advantage.

TSMC, the worlds largest contract chipmaker, is frustrated in Arizona, the sources said, where it has struggled to recruit workers for the gruelling chipmaking trade and faced pushback from unions on efforts to bring in workers from Taiwan.

Genesis, which filed for bankruptcy protection in January and owes at least $3.4 billion to creditors, reached an in-principle agreement on a restructuring plan a month later to resolve claims.

Experts say the proliferation of AI tools could make it far easier to, for instance, conduct mass hacking campaigns or create fake profiles on social media to spread false information and propaganda.

Byjus statement was in response to a Bloomberg report that said the Bengaluru-based firms lenders had alleged that the edtech company hid $533 million in an obscure three-year-old hedge fund, operating from a pancake restaurant in Miami.