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(Reuters) - Alphabet Inc's Google will change procedures before July for reviewing its scientists' work, according to a town hall recording heard by Reuters, part of an effort to quell internal tumult over the integrity of its artificial intelligence (AI) research.
Alphabet Inc’s Google will change procedures before July for reviewing its scientists’ work, according to a town hall recording heard by Reuters, part of an effort to quell internal tumult over the integrity of its artificial intelligence (AI) research.
KUALA LUMPUR: Malaysian Resources Corporation Bhd (MRCB) recorded revenue of RM1.2bil and loss before tax of RM152.9mil in FY2020 due to the RM175.3mil in impairment provisions relating to completed construction projects impacted by the pandemic.
KUALA LUMPUR: Paragon Union Bhd’s independent directors and independent adviser have urged the minority shareholders to reject the takeover offer by AKK Capital Sdn Bhd at 55 sen a share.
KUALA LUMPUR: Public Bank Bhd posted lower net profit of RM4.87bil in the financial year ended Dec 31,2020 due to one-off Day One net modification loss, negative effect of the reduction in the Overnight Policy Rate (OPR) and higher loan impairment allowance.
HONG KONG (AFP): Another Federal Reserve reassurance it would not hike interest rates until absolutely necessary buoyed Asian markets Thursday (Feb 25), while traders were also taking heart from more positive developments on the vaccine front.
KUALA LUMPUR: AirAsia Group expects businessman and M&A specialist Stanley Choi Chiu Fai, who joined the low-cost carrier group as a strategic shareholder to add value to its digital business development in China.
KUALA LUMPUR: The market reacted positively to the latest financial results from Permaju Industries Bhd and its shares jumped over 36% in early trade Thursday. The counter surged 36.67%, or 5.5 sen to 20.5 sen. It is currently the most actively traded counter on Bursa Malaysia with 114 million shares done. For the second quarter ended Dec 31, 2020, Permaju returned to the black with a net profit of RM10.97mil against a net loss of RM762,000mil in the corresponding period a year ago. Revenue, however, was down 69% to RM5.67 from RM18.55mil previously. For the first six months, Permaju posted a net profit of RM9.24mil against a net loss of RM1.35mil, while revenue was lower at RM17.49mil from RM37.36mil a year ago. Two weeks ago, Permaju entered into a conditional share sale agreement with Chai Kim Chong to acquire 600,000 ordinary shares in Hardie Development Sdn Bhd representing 30% equity interest for RM21.8mil. Hardie is an existing 70%-owned subsidiary of Permaju. Permaju has also proposed to undertake a private placement of up to 182.41 million shares.
NEW YORK: IonQ is in advanced talks to merge with DMY Technology Group Inc III, according to people with knowledge of the matter, creating one of the first public quantum-computing companies.