Alibaba Backs China’s AI Startups with Cloud Credits, Eyeing Leadership in Global AI Race
Alibaba invests in China's AI start-ups through cloud computing resources, following a similar strategy to Microsoft's OpenAI. Stock price at $80.04.
Sempra Rethinks Bechtel For Cameron LNG Expansion As Costs Surge: Report
Sempra revisits Bechtel for Cameron LNG project due to rising costs. Other U.S. LNG projects also affected.
Microsoft Faces Heightened EU Scrutiny Over Teams Software: Report
Brussels gears up to confront Microsoft's dominance in videoconferencing with fresh antitrust charges over Teams. Despite recent proposals, EU regulators remain unconvinced, fearing market manipulation and unfair competition. The impending charges signal an end to a decade-long truce, escalating tensions between tech giants and EU regulators.
Eni Monetizes Oil Past to Finance Clean Energy Future: Report
Italian oil company Eni plans to spin-off interests in oil and gas projects to focus on low-carbon activities. It also aims to raise funds through deals and divestitures.
Microsoft’s €4B French AI Push: Tech Expansion Reportedly Intensifies
Join Microsoft as it spearheads France's AI revolution with a €4 billion commitment, part of a global push to fortify cloud and AI infrastructure. Bolstered by local support and Macron's vision, this investment not only cements France's position in the tech landscape but also echoes Microsoft's expansive strategy, with parallel investments in Germany and Abu Dhabi, signaling a transformative era in AI technology.
Amazon Pours ~$1.3B Investment Into French Operations: Report
Amazon's €1.2 billion investment marks a significant stride in bolstering its French presence, promising 3,000 new jobs. The move aligns with France's push for tech investment, showcased at the 'Choose France' event, where giants like Amazon, GSK, and Accenture pledge substantial commitments. Amazon Web Services' expansion in Paris not only supports AI innovation but also caters to France's burgeoning startup ecosystem, propelled by Meta Platforms Inc and Google.
India Races To Become Apple’s Biggest iPhone Manufacturing Hub After China As April Exports Surge Over $1B
This story was first published on the Benzinga India portal.
‘Barbarism:’ AOC Unleashes Fury On US Healthcare System As People Are ‘Choosing Between Medicine And Rent’
America has one of the highest healthcare costs in the world, with healthcare spending hitting $4.5 trillion in 2022.
China Greenlights Another Big Tesla Factory, This Time For Megapack Project
Last month, Tesla CEO Elon Musk said that the demand for its stationary energy storage products is "super high."
Apple Store Workers In Maryland Vote In Favor Of Strike Over Working Conditions — New Jersey Against Unionization
Apple store employees in Maryland have voted to strike over working conditions, while a New Jersey store voted against unionization amidst ongoing negotiations and company resistance.