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April 27 (Reuters) – Shares of India’s One 97 Communications, commonly known as Paytm, recouped most losses on Monday afternoon, as analysts said the cancellation of an associate firm’s payment bank licence would have a limited impact on the fintech company. The stock initially fell as much as 8.4% in its biggest intraday drop in more than three months, but came off lows to trade 1.5% lower by midday. India’s central bank on Friday cancelled […]

SEOUL, April 27 (Reuters) – South Korea and Google have agreed to build an artificial-intelligence campus in Seoul to develop cooperation between the tech firm and local engineers and startups, Kim Yong-beom, a presidential policy adviser, said on Monday. South Korean President Lee Jae Myung met with Google DeepMind Chief Executive Officer Demis Hassabis in Seoul on Monday, with the Science Ministry and the company signing a memorandum of understanding […]

BEIJING, April 27 (Reuters) – China’s state planner has prohibited foreign acquisition of Chinese artificial intelligence startup Manus, ordering involved parties to cancel the transaction, the National Development and Reform Commission said on Monday. (Reporting by Ethan Wang and Eduardo BaptistaEditing by David Goodman) Brought to you by www.srnnews.com

NAIROBI, Kenya (AP) — Before sunset, a blue flame used to spring to life in Brenda Obare’s kitchen with a quick turn of the knob as she started dinner. Now, her stove is often cold as she crouches over a charcoal burner, coaxing a smoky fire to cook for her family outside her tin-roofed home in Kibera in Kenya’s capital Nairobi, one of Africa’s largest informal settlements. Cooking gas is […]

OMDURMAN, Sudan (AP) — For three years, Dr. Jamal Eltaeb made excruciating choices. Who should live and potentially die? Should he operate without the right medicines if it might save someone’s life? How would he find fuel to keep the hospital’s lights on? As Sudan ‘s war raged around him, only one decision was easy: Keep working. The orthopedic surgeon was leading Al Nao hospital in Omdurman, just outside the […]

CAIRO (AP) — Iran is offering to end its chokehold on the Strait of Hormuz without addressing its nuclear program, two regional officials with knowledge of the proposal said Monday, as the country’s foreign minister made a visit to Russia he said was an opportunity to consult with Moscow regarding the war against Israel and the United States. Iran also wants the U.S. to end its blockade of the country […]

OAKLAND, Calif. (AP) — Technology tycoons Elon Musk and Sam Altman are poised to face off in a high-stakes trial revolving around the alleged betrayal, deceit and unbridled ambition that blurred the bickering billionaires’ once-shared vision for the development of artificial intelligence. The trial, which is scheduled to begin Monday with jury selection, centers on the 2015 birth of ChatGPT maker OpenAI as a nonprofit startup primarily funded by Musk […]

BENGALURU, April 27 (Reuters) – India’s MobiKwik Group has received an approval from the Reserve Bank of India for a non-banking financial company (NBFC) licence, One MobiKwik Systems said on Monday. (Reporting by Nishit Navin; Editing by Sherry Jacob-Phillips) Brought to you by www.srnnews.com

By Eduardo Baptista BEIJING, April 27 (Reuters) – Market reaction to DeepSeek’s preview of its long-awaited next-generation artificial intelligence model has so far been subdued compared with the Chinese startup’s outsized global breakthrough last year after the launch of its low-cost AI models. The release and overseas reception of DeepSeek-V3 and R1, which the Hangzhou-based company said were trained with a fraction of the computing power used by U.S. rivals, […]