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Sarath.Chandra@globaldata.com

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  • Author: Sarath.Chandra@globaldata.com

Influencers opine OpenAI’s ChatGPT o1 Model as game-changer in AI reasoning and advanced intelligence, reveals GlobalData

OpenAI’s ChatGPT o1 model, known as Strawberry AI, made its debut on 12 September 2024 and has generated substantial attention among influencers on social media platform “X” due to its notable advancements in reasoning and problem-solving capabilities from its predecessors. Influencers have highlighted the o1 model’s advancements in multi-step logic, math, science, and coding. They […]
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GLP1R innovator drugs drive over $6.2 billion in licensing agreement deals in 2024YTD, reveals GlobalData

The recent success of obesity treatments, particularly Ozempic (semaglutide) and Mounjaro (tirzepatide), has driven significant interest in glucagon-like peptide-1 receptor (GLP1R) targeting drugs. These therapies have witnessed a 595% increase in licensing deal value between 2019 and 2024 year-to-date (YTD), exceeding $6.2 billion in 2024 YTD alone. Biopharmaceutical companies are now focusing on advancing these […]
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GlobalData raises global economic growth projection for 2024 to 2.52%

The global economy is navigating through a complex landscape marked by persistent geopolitical tensions. Nevertheless, easing inflationary pressure, central bank rate cuts (including by the ECB), and stronger consumer spending are mitigating these issues. Against this backdrop, GlobalData, a leading data and analytics company, has revised the global economic growth forecast for 2024 to 2.52% […]
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Top 20 APAC insurers face subdued premium growth amid economic and regulatory challenges in 2023, finds GlobalData

The top 20 public insurance companies in Asia-Pacific (APAC) reported  subdued premium growth in 2023 owing to broader economic and regulatory challenges such as inflationary trends, and implementation of IFRS 17. As a result, their average premium earned* grew by a paltry 1.3% while experiencing a modest 5.5% uptick in total revenue, reveals GlobalData, a […]
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Volvo’s revised electrification goal sparks mixed influencer opinions on electric future, reveals GlobalData

AB Volvo, part of China’s Geely Holding, has become the focal point of discussion among influencers on social media platform “X”, following its decision to revise its ambitious 2030 electrification goal. The Swedish automaker, previously committed to selling only fully electric vehicles (EV) by the end of the decade, has adjusted its target to a […]
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Dublin data center denial highlights growing challenges in green power and connectivity for AI expansion, says GlobalData

The recent denial of a Google Data Center at Grange Castle Business Park in Dublin highlights the growing challenges in powering and constructing new data facilities. As power hungry technologies such as artificial intelligence (AI) expand, there is an increasing need for sustainable power solutions and enhanced data connectivity. Balancing the demands of AI with […]
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iPhone 16 camera and AI innovations receive thumbs up from influencers, sparks anticipation for future advancements, reveals GlobalData

Apple Inc has unveiled the highly anticipated iPhone 16 Pro and Pro Max series at the Glowtime Event 2024 on 09 September, boasting an array of advanced capabilities, including a “camera control” slider and visual AI features. The announcement has generated significant buzz among influencers on social media platform “X”, who have shared a mix […]
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Dupert offers new hope for advanced NSCLC patients as China’s first KRAS G12C Inhibitor, says GlobalData

GenFleet Therapeutics and Innovent Biologics have secured approval from China’s National Medical Products Administration (NMPA) for Dupert (fulzerasib), the country’s first KRAS G12C inhibitor for advanced non-small cell lung cancer (NSCLC) in adults who have undergone prior systemic therapy. This breakthrough therapy addresses a challenging mutation, offering a critical new treatment option for patients with […]
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Su-30 MKI aircraft engines procurement to enhance India’s combat readiness, says GlobalData

India is strengthening its combat readiness with the procurement of 240 AL-31FP engines for its Su-30 MKI fighter jets in a INR2,600 billion (~$3.1 billion) deal. Locally manufactured by Hindustan Aeronautics Limited under a licensing agreement with Russia’s NPO Saturn, these engines will enhance operational capabilities, maintain low production costs, and address the technical and […]
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NZ fixed communication market set for modest growth, driven by fiber broadband expansion, reveals GlobalData

New Zealand’s (NZ) fixed communication services market is poised for a modest growth, with revenue expected to rise from $1.3 billion in 2024 to $1.4 billion by 2029. This growth is driven by increasing demand for fixed broadband, particularly fiber-to-the-home/business (FTTH/B) connections, while investments in fiber infrastructure continue to advance the country’s high-speed broadband capabilities, […]
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Taiwan ambitious submarine program a vital deterrence measure against China, says GlobalData

Taiwan is reinforcing its defense posture against China with an $8.8 billion investment in its Indigenous Defense Submarine Program, which aims to induct eight new submarines into its naval fleet over the next decade. These advanced submarines, developed with key support from the US and other allies, will significantly enhance Taiwan’s underwater warfare capabilities amid […]
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UK VC funding hits $9 billion during January-July 2024, driven by big-ticket investments, finds GlobalData

UK-based startups raised $9 billion funding through 704 venture capital (VC) deals announced during January-July 2024, which is a 7.9% year-on-year (YoY) increase in funding value despite a 14.3% decline in deal volume. This reflects an improving appetite for big-ticket investments in promising startups, positioning the UK as a resilient market in the global venture […]
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IASP World Congress highlights need for unified guidelines on opioid use in chronic pain, says GlobalData

At the recently held International Association for the Study of Pain (IASP) World Congress, a presentation during a topical workshop revealed significant discrepancies in clinical practice guidelines (CPGs) across countries for opioid use in chronic pain management. The inconsistencies raise concerns about the role of CPGs in the overprescription of opioids, potentially exacerbating the risk […]
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VC funding in India startups soars to $6.3 billion during January-July 2024 despite global caution, finds GlobalData

India’s startup ecosystem saw a significant surge in venture capital (VC) funding during January-July 2024, with a total of 672 deals raising $6.3 billion. This represents a massive 42.1% year-on-year (YoY) increase in funding value, despite a modest 1.2% rise in deal volume. The spike in funding highlights investor confidence in India’s promising startups, even […]
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