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The rise of artificial intelligence is creating new variety in the chip market, and trouble for Intel

“WE ALMOST went out of business several times.” Usually founders don’t talk about their company’s near-death experiences.

India’s hostels for the upwardly mobile

Rite of passage IF SEVERAL hundred million Indians do migrate from the countryside to cities between now and 2050, as the UN expects, it will be a fiendishly busy few decades for Vivek Aher, who runs a low-cost hostel, one of five, on the outskirts of Pune, a well-off city three hours’ drive from Mumbai.

Toymakers bounce back in the land of adult nappies

WILLIAM ELLIOT GRIFFIS, an American educator who travelled to Japan in the 1870s, noted that in the previous two and a half centuries, “the main business of this nation was play”.

3G missed Unilever but its methods are spreading

Rejected suitor JORGE PAULO LEMANN (pictured), a Brazilian investor, is ill-accustomed to failure. On February 17th Kraft Heinz, backed by Mr Lemann’s 3G Capital, said it had bid $143bn for Unilever, a maker of food and personal products.

It has never been so easy to fund an indie film but harder than ever to get people to see it

Atypical success IT MIGHT seem a great time for indie cinema. The Academy Awards on February 26th will be something of a showcase for films not financed by a major studio.

Are technology firms madly overvalued?

IS THE technology industry in La La Land? There are alarming signs. House prices in San Francisco have risen by 66% more than in New York over the past five years.

The rise of “deep-tech” is boosting Paris’s startup scene

EUROPE will never create a hub of tech firms and investors to rival Silicon Valley, many experts on entrepreneurship concur.

New models for new media

Not watching Twitter FOR months Twitter, the micro-blogging service, has received the kind of free attention of which most companies can only dream.

France’s PSA Group may plan to buy Opel, GM’s European operation

AFTER sweeping past a significant milestone, drivers rarely slam their vehicles into reverse. Yet General Motors (GM), which last year joined Toyota and Volkswagen in an elite group that sells over 10m vehicles a year, may be on the brink of such a manoeuvre.

Planet’s satellites offer customers a new world view every day

BUILT by the Indian Space Research Organisation, the Polar Satellite Launch Vehicle threw itself into the sky at 3.58am GMT on February 15th.

Traditional media firms are enjoying a Trump bump

DONALD TRUMP calls it the “failing” New York Times in his tweets, but his presidency has breathed new life into the newspaper and other mainstream media outlets.

Why bosses are flying more for play, not work

AS SCHOOLS across Europe break for February half-term, it is not just the Alpine pistes that are congested: private-jet terminals across the continent are also full to bursting.

America’s latest spectrum auction

MARKETS don’t simply emerge, but are created by the state, argued Karl Polanyi, an economist, in “The Great Transformation”.

Electric cars are set to arrive far more speedily than anticipated

THE high-pitched whirr of an electric car may not stir the soul like the bellow and growl of an internal combustion engine (ICE).

Corporate short-termism is a frustratingly slippery idea

AS AMERICA’S economy has misfired over the past decade, several grand theories have emerged about what went wrong.

Sales of green vehicles are booming in Norway

TO JUDGE by the gleaming rows of Teslas, Nissan Leafs and other electric cars parked in the snow in central Oslo, Norwegians might already have given up on the internal combustion engine.

Tata’s governance is still faulty

Chandra in, Cyrus out PROFIT is to good corporate governance what tides are to swimming trunks: when the former is high, absence of the latter tends to go unnoticed.

Ralph Lauren and Macy’s tell a similar tale of woe

NEW YORK’s fashion week, which will start on February 9th, promises the usual show of glamour, but a more fascinating industry display came a week earlier.

Internet firms’ legal immunity is under threat

GOOGLE, Facebook and other online giants like to see their rapid rise as the product of their founders’ brilliance.

Snow-making companies in a warming world

Better than mud THE creamy glide of fresh powder sends skiing enthusiasts into ecstasies. Scraping over brown patches and dodging lumpen rocks inspires far less enthusiasm.