Sumit Vishe

Bosch Considers Bid for Whirlpool, Sources Reveal

German engineering giant Robert Bosch is contemplating a bid for U.S. appliance manufacturer Whirlpool, aiming to enhance its presence in the household appliances market, according to three individuals familiar with the situation. Bosch has initiated discussions with potential advisors regarding a possible offer for Whirlpool, which currently holds a market capitalization of approximately $4.8 billion,…

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Beryl, Earliest Category 4 Hurricane on Record, Threatens Caribbean with Dangerous Winds

BERYL – The “extremely dangerous” Category 4 storm, Hurricane Beryl, surged across the Atlantic Ocean on Sunday night, heading towards the Windward Islands in the Caribbean. The U.S. National Hurricane Center (NHC) warned that the hurricane is expected to bring life-threatening winds and flash flooding on Monday. Beryl, the first hurricane of the 2024 season,…

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Financial Industry Wrestles with Promise and Risks of AI, Executives Discuss

CHICAGO – Executives in the financial services sector are acknowledging both the vast opportunities and significant challenges posed by the proliferation of artificial intelligence-based systems. While AI holds promise for enhancing operations, particularly in explaining complex decisions like portfolio allocations or loan approvals to clients, it also introduces new risks, industry leaders emphasized. Speaking at…

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EU Investigates AI Deals Between Microsoft and OpenAI, Google and Samsung

BRUSSELS – The European Union is considering an antitrust investigation into Microsoft’s partnership with OpenAI and Google’s artificial intelligence agreement with Samsung, citing concerns over exclusivity clauses. This scrutiny reflects global regulatory apprehension about Big Tech extending its market dominance into new technologies. EU competition chief Margrethe Vestager announced that additional third-party opinions would be…

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