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Indonesia’s GoTo Group has reported a quarterly profit on an adjusted basis, marking a significant milestone in its cost-cutting efforts. For the three months ending in September, the company achieved an adjusted earnings before interest, taxes, depreciation, and amortization of 137 billion rupiah ($8.7 million), a stark contrast to a pro-forma loss of 559 billion rupiah from the previous year. This improvement comes amid fierce competition from Singapore’s Grab Holdings in the ride-hailing and food delivery sectors.
Artificial intelligence is set to significantly transform Vietnam's economy, with projections indicating nearly $11 billion in sales for telecoms by 2025. The digital economy is expected to reach $220 billion, driven by advancements in AI, IoT, and cloud computing, necessitating new legal frameworks and training initiatives to support this growth.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
GoTo Group achieves quarterly profit after significant cost reductions
10:50 30.10.2024
artificial intelligence drives digital transformation and economic growth in vietnam
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09:07 20.10.2024
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