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Zhihu, a question-and-answer platform in China, is betting on artificial intelligence (AI) search features to transform itself into the country’s equivalent of X and LinkedIn, as the company achieved quarterly profitability for the first time since going public, according to chief financial officer Wang Han.The company not only leveraged its extensive network of professionals, executives and scholars to answer questions, but also used AI models such as DeepSeek-R1 and Zhihu’s proprietary algorithms to power its Zhida service, Wang said in an interview with the South China Morning Post on Tuesday.Often likened to Quora, Zhihu provides a platform for users to…

One of the most crucial aspects of any city that is working to solidify its position as a hub for all things tech and start-up related is the ability to attract the right talent. And Dubai offers up a masterclass in this space. Case in point: in 2023, when entrepreneur Raakin Iqbal was in the US, he found himself researching something called Artificial General Intelligence, (AGI) after noticing some drawbacks in AI programmes like ChatGPT. “I was looking into newer levels of AI, which essentially we would call AGI, and even past that, a super intelligence, where the AI has…

KARACHI: Business and industrial community have welcomed the reduction of power tariff for industrial consumers and expressed hope that this move would enhance exports, production capacity and reduce cost of manufacturing and help reduce inflation. Prime Minister Shehbaz Sharif has announced a decrease of Rs 7.41 in electricity prices for residencies consumers and a decrease of Rs 7.41 in electricity tariff after receiving approval from the International Monetary Fund (IMF) reduce tariff differentials. The leadership of Businessmen Group (BMG) and Karachi Chamber of Commerce and Industry (KCCI), while highly appreciating Prime Minister Shehbaz Sharif for his timely and impactful announcement…

HOUSTON: Oil prices swooned on Thursday to settle with their steepest percentage loss since 2022, after OPEC+ agreed to a surprise increase in output the day after US President Donald Trump announced sweeping new import tariffs Brent futures settled at $70.14 a barrel, down $4.81, or 6.42%. US West Texas Intermediate crude futures finished at $66.95 a barrel, down $4.76, or 6.64%. Brent was on course for its biggest percentage drop since August 1, 2022, and WTI its biggest since July 11, 2022. At a ministers’ meeting on Thursday, OPEC+ countries agreed to advance their plan for oil output hikes,…

KARACHI: Business and industrial community have welcomed the reduction of power tariff for industrial consumers and expressed hope that this move would enhance exports, production capacity and reduce cost of manufacturing and help reduce inflation. Prime Minister Shehbaz Sharif has announced a decrease of Rs 7.41 in electricity prices for residencies consumers and a decrease of Rs 7.41 in electricity tariff after receiving approval from the International Monetary Fund (IMF) reduce tariff differentials. The leadership of Businessmen Group (BMG) and Karachi Chamber of Commerce and Industry (KCCI), while highly appreciating Prime Minister Shehbaz Sharif for his timely and impactful announcement…

NEW YORK/LONDON: Stock indexes tumbled on Thursday, with the S&P 500 down more than 4%, while the US dollar weakened and oil prices fell more than 6% as President Donald Trump’s drastic US trade tariffs stoked fears of a global recession and led investors to seek safe-haven assets like bonds and the yen. A new baseline 10% tariff on imported goods plus some eye-watering reciprocal tariffs on dozens of countries that Trump said had unfair trade barriers left traders rattled by their severity. Investors fear a full-blown trade dispute could trigger a sharp global economic slowdown and drive up inflation,…

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to grant two more licences to private companies for the purpose of integration of electronic invoicing of retailers and other categories of businesses with the FBR. It is learnt that the FBR has finalised two more companies that will provide online integration services to business community. Earlier, the FBR has granted licence to only one company i.e. M/s Haball (Pvt) Ltd, Karachi. At the same time, Pakistan Revenue Automation Limited (PRAL) will provide free of cost integration services to the registered persons including retailers for integration with the FBR. The PRAL…

LAHORE: The Lahore Chamber of Commerce & Industry has appreciated Prime Minister Shehbaz Sharif’s decision to reduce electricity prices by Rs7.59 per unit for industries and Rs7.41 per unit for domestic users, terming it a landmark move for economic revival, industrial sustainability and relief for consumers. LCCI President Mian Abuzar Shad, Senior Vice President Engineer Khalid Usman and Vice President Shahid Nazir Chaudhry lauded the government’s initiative, saying that high electricity prices have been one of the biggest challenges for the business community. They said that this price cut will significantly reduce production costs, enhance industrial competitiveness and provide relief…

LAHORE: The Lahore Chamber of Commerce & Industry has appreciated Prime Minister Shehbaz Sharif’s decision to reduce electricity prices by Rs7.59 per unit for industries and Rs7.41 per unit for domestic users, terming it a landmark move for economic revival, industrial sustainability and relief for consumers. LCCI President Mian Abuzar Shad, Senior Vice President Engineer Khalid Usman and Vice President Shahid Nazir Chaudhry lauded the government’s initiative, saying that high electricity prices have been one of the biggest challenges for the business community. They said that this price cut will significantly reduce production costs, enhance industrial competitiveness and provide relief…

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to install production counting system across the beverage industry and cotton bales counting system within the textile sector. This is one of the FBR’s efforts to check evasion of taxes in the beverage sector through counting of actual production in the beverages factories all over the country. The production count solution would include Barcode Scanning, Video Analytics or Image Based Recognition system. According to sources, the FBR has also planned to install analytics system for cotton bales counting in the textile sector. The FBR will install fully integrated turnkey Video Analytics…