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Wall St slides as Meta, Microsoft warnings trigger fears over AI trade

NEW YORK: Wall Street tumbled on Thursday, after warnings from Microsoft and Meta Platforms about escalating AI ...

Published 01 Nov, 2024 08:33am

Technology

Meta, Microsoft lift AI spending, worrying Wall Street ahead of Amazon results

Big tech including Microsoft and Meta are stepping up spending to build out AI data centers in a rush to meet vast...

Published 31 Oct, 2024 11:08am

Technology

Meta builds AI search engine to cut Google, Bing reliance, the Information reports

Meta Platforms is working on an artificial intelligence-based search engine as it looks to reduce dependence on...

Published 28 Oct, 2024 09:01pm

Technology

Microsoft to let clients build AI agents for routine tasks from November

Microsoft will allow its customers to build autonomous artificial intelligence agents from next month, in its latest...

Published 21 Oct, 2024 07:21pm

World

OpenAI’s technology chief Mira Murati, two other research executives to leave

Three top technical leaders at Microsoft-backed OpenAI quit on Wednesday, the latest in a string of executive...

Published 26 Sep, 2024 11:45am

World

UAE leader seeks to deepen ‘strategic’ ties in US visit during Mideast crisis

DUBAI: UAE President Sheikh Mohamed bin Zayed Al Nahyan is due Monday in Washington for a first official visit at a...

Published 22 Sep, 2024 12:13pm

Perspectives

Lessons for Pakistan: Hezbollah pager attacks raise fresh concerns on cyber-physical warfare

In a highly sophisticated cyber-attack that has sent shockwaves across the globe, thousands of Hezbollah members’...

Published 18 Sep, 2024 06:41pm

Technology

Microsoft to cut 650 support jobs in Xbox Games unit

Microsoft said it is cutting 650 jobs in its Xbox unit, the third such layoff this year as the company tries to rein...

Published 12 Sep, 2024 05:15pm

Business & Finance

Buffett’s Berkshire Hathaway hits $1trn market value

NEW YORK: Warren Buffett’s Berkshire Hathaway holding company briefly crossed $1 trillion in market value...

Published 29 Aug, 2024 06:53am

Markets

Nasdaq slumps as megacaps, chips fall ahead of results

NEW YORK: The Nasdaq dropped 1% on Tuesday as chip and megacap shares took a hit ahead of Big Tech earnings, while...

Published 31 Jul, 2024 06:50am

Pakistan

Major IT outage disrupts banks, air lines, digital payments

ISLAMABAD: A faulty update from cyber security provider, CrowdStrike, caused a significant global IT outage,...

Published 20 Jul, 2024 05:34am

Markets

Wall Street falters, CrowdStrike slumps on global tech outage

NEW YORK: Wall Street’s main indexes slipped on Friday, deepening a sell-off driven by tech stocks and mixed...

Published 20 Jul, 2024 05:34am

World

Global cyber outage grounds flights, disrupts businesses

A worldwide tech outage crippled industries from travel to finance on Friday before services started coming back...

Updated 19 Jul, 2024 10:24pm

Technology

Microsoft cloud outage causes airlines to ground flights

Microsoft said on Thursday it was investigating issues with its cloud services in the Central US region, which had...

Published 19 Jul, 2024 10:53am

Technology

Microsoft ditches OpenAI board observer seat amid regulatory scrutiny

BRUSSELS: Microsoft has ditched its board observer seat at OpenAI that has drawn regulatory scrutiny on both sides...

Published 10 Jul, 2024 11:58am

Technology

Microsoft to invest $7.16bn in new data centres in northeastern Spain

MADRID: Microsoft plans to invest 6.69 billion euros ($7.16 billion) to develop new data centres in Spain’s...

Published 14 Jun, 2024 05:27pm

Business & Finance

Nvidia overtakes Apple as No 2 most valuable company

NEW YORK: Nvidia’s rallied to record highs on Wednesday, with the artificial intelligence chipmaker’s valuation...

Published 07 Jun, 2024 06:24am

Technology

Microsoft to invest $3.2bn in AI in Sweden

STOCKHOLM: Microsoft said Monday that it would invest 33.7 billion kronor ($3.2 billion) over two years in cloud and...

Published 03 Jun, 2024 05:29pm

Technology

Microsoft to pay off cloud industry group to end EU antitrust complaint

Microsoft is close to reaching a multimillion-euro deal with an Amazon-backed cloud lobby to get it to drop an...

Published 01 Jun, 2024 10:16am

Technology

Workshop on AI held

ISLAMABAD: A workshop on Artificial Intelligence (AI) was held at the Ministry of IT and Telecommunication on...

Published 30 May, 2024 06:19am

Technology

Microsoft to invest $2.2bn in cloud and AI services in Malaysia

KUALA LUMPUR: Microsoft will invest $2.2 billion over the next four years in Malaysia to support the country’s...

Published 02 May, 2024 10:37am

Technology

Microsoft to open first regional data centre in Thailand

BANGKOK: Microsoft will open its first regional data centre in Thailand, the tech giant said on Wednesday, as it...

Published 01 May, 2024 10:28am

Technology

Microsoft to invest $1.7bn in cloud, AI in Indonesia, CEO says

JAKARTA: Microsoft will invest $1.7 billion in Indonesia to empower the Southeast Asian country with cloud services...

Published 30 Apr, 2024 10:02am

Markets

Australian shares rise on banks, IT boost; Fed policy meet on tap

Australian shares climbed higher on Monday, lifted by banks and information technology stocks, as traders assessed...

Published 29 Apr, 2024 10:05am

Technology

Microsoft launches lightweight AI model

Microsoft on Tuesday launched a lightweight artificial intelligence model, as it looks to attract a wider client...

Published 23 Apr, 2024 09:20pm

Technology

Microsoft CEO to visit Indonesia end-April, says minister

JAKARTA: The CEO of Microsoft Satya Nadella will visit Indonesia at the end of April to discuss possible...

Published 17 Apr, 2024 11:32am

Technology

Microsoft to invest $1.5bn in Emirati AI firm G42, New York Times reports

Microsoft plans to invest $1.5 billion in G42, an artificial intelligence firm in the United Arab Emirates, the New...

Published 16 Apr, 2024 11:56am

Technology

OpenAI bids for Japan business as it opens Tokyo office

TOKYO: Microsoft backed artificial intelligence startup OpenAI made a pitch for business in Japan on Monday as it...

Published 15 Apr, 2024 01:09pm

World

Hamas says Israeli proposal fails to meet Palestinian demands but is under review

CAIRO: Hamas said on Tuesday that an Israeli proposal on a ceasefire in its aggression in Gaza met none of the...

Updated 09 Apr, 2024 05:54pm

Technology

Microsoft to invest $2.9bn to boost AI business in Japan: Nikkei

TOKYO: Microsoft Corp will invest about $2.9 billion over the next two years to boost its artificial intelligence...

Published 09 Apr, 2024 04:35pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 8	277.83
USD PKR Interbank Buying / Nov 8	277.63
USD to Japanese Yen / Nov 8	152.64
USD to Swiss Franc / Nov 8	0.88
Pound Sterling to USD / Nov 8	1.29
Euro to USD / Nov 8	1.07

Stock	Volume
S&P 500 / Nov 8	5,995.54
India Sensex / Nov 8	79,486.32
Tokyo Nikkei / Nov 8	39,500.37
Nasdaq / Nov 8	19,286.78
Hang Seng / Nov 8	20,728.19
FTSE 100 / Nov 8	8,072.39
Dow Jones / Nov 8	43,988.99
Germany DAX 30 / Nov 8	19,215.48

Item	Value
Crude Oil USD/Barrel / Nov 8	70.38
Karachi Cotton PKR/37.32 KG / Nov 8	18,285
Gold 10 Grams PKR / Nov 8	244,002.80
Gold Spot USD/Ounce / Nov 8	2,684.77
Cotton US¢/pound / Nov 8	70.98
Petrol/Litre / Nov 11	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 11 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 11 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Nov 11 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Nov 11 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 11 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Nov 11 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 11 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 11 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 11 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Nov 11 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Nov 11 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 11 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Nov 11 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 11 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Nov 11 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Nov 11 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Nov 11 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Nov 11 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Nov 11 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Nov 11 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Nov 11 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Nov 11 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Nov 11 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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