Warning: Undefined property: stdClass::$post_type in /home/ava2020web/public_html/wp-content/plugins/seo-by-rank-math/includes/replace-variables/class-post-variables.php on line 312

Warning: Undefined property: stdClass::$post_type in /home/ava2020web/public_html/wp-content/plugins/seo-by-rank-math/includes/replace-variables/class-post-variables.php on line 337
Author

Lily White

  • “SOUTH OF THE Huai river few geese can be seen through the rain and snow.” In classical Chinese this verse is a breakthrough—not in literature but in computing power. The line, composed by an artificial intelligence (AI) language model called Wu Dao 2.0, is indistinguishable in metre and tone from ancient poetry. The lab that…

  • Business

    Unilever’s £50bn health cheque

    by Lily White

    Purchasing GSK’s consumer-health division may be hard to swallowWHEN UNILEVER bought Bestfoods for $20.3bn at the turn of the millennium, it was one of the largest cash acquisitions ever. After two failed bids, the British consumer-goods giant dug up an extra $2bn to sweeten the deal. It divested 700 of its brands in the year…

  • THANKS TO A venture-capital (VC) boom, it is no longer unusual to find tech unicorns, as unlisted startups valued above $1bn are known, springing up in middle-income countries. However, two coming from Turkey are particularly strange creatures. First, they are big. Trendyol, an e-commerce company, is valued at $16.5bn, giving it the status of a…

  • IN 2018 A field technician working for Telstra, an Australian telecoms firm, built an app that unified 70 messaging systems for reporting phone-line problems. The technician did this despite having no coding experience. The interface may look cluttered: the landing page jams in 150 buttons and a local-news ticker—the app equivalent of an airplane cockpit,…

  • LIKE NEARLY everyone these days, Moxie Marlinspike has created a non-fungible token (NFT). These digital chits use clever cryptography to prove, with no need for a central authenticator, that a buyer owns a unique piece of digital property. Alongside cryptocurrencies like bitcoin, NFTs are the most visible instantiation of “web3”—an idea that its advocates and…

  • LAKSHMI MITTAL has two passions: the steel industry and his family. His embrace of the first turned a poor boy from Rajasthan into the “Carnegie from Calcutta”, a man who built the world’s second-biggest steel empire from scratch, culminating in a takeover in 2006 of Arcelor, a European champion. The second sometimes sounds like tabloid…

  • Results season shows the financial effects of supply-chain snarl-ups on industrial firmsSUPPLY CHAINS have seldom featured in companies’ earnings reports over the three decades since globalisation took off in earnest, save for the occasional mention of the benefits of low costs and lean inventories. This earnings season, though, covid-induced shortages are among the first problems…