The Biden administration is preparing to expand its strategy to protect U.S. AI technology from China, considering initial steps to regulate the most advanced AI Models, the fundamental software behind artificial intelligence platforms like ChatGPT, according to sources. The Commerce Department is exploring potential regulations to limit the export of proprietary or closed-source AI models, …
Private equity investors and asset managers globally are gearing up for significant M&A and investment activities associated with data centers in the Asia Pacific region, driven by the surge in artificial intelligence (AI) adoption fueling demand for digital infrastructure. The rapid pace of transactions in the region, home to the world’s largest population, mirrors the …
AI surge poised to drive data center transactions in Asia in the upcoming year Read More »
President Joe Biden is set to make a visit to Wisconsin, a pivotal battleground state, to unveil Microsoft Corp’s (MSFT.O) $3.3 billion investment in a state-of-the-art data center, as announced by the White House. The facility, located in Racine County, southeastern Wisconsin, will generate thousands of job opportunities. This initiative by Microsoft replaces the originally …
Biden to introduce $3.3 billion Microsoft AI initiative in pivotal Wisconsin Read More »
Reddit (RDDT.N) announced its potential for turning a profit in the second quarter, buoyed by a thriving advertising sector and content-licensing agreements with AI firms. This revelation delighted investors, propelling shares up by 16% in after-hours trading on Tuesday. Marking its first earnings report since going public in March, Reddit also issued a revenue projection …
Toyota is set to announce increased earnings driven by strong demand for hybrids, contrasting with slowing interest in electric vehicles. Despite challenges in key markets like China and the U.S., Toyota’s hybrid sales surge has propelled it to record profits. While the company lags in the electric car market, it aims to catch up with …
Toyota’s Hybrid Sales Boost Profits as Electric Car Hype Fades Read More »
US safety investigators are seeking details from Tesla about a December recall affecting over 2 million vehicles. The National Highway Traffic Safety Administration (NHTSA) is investigating 20 crashes involving cars with updated Autopilot software from Tesla’s recall. The probe covers various Tesla models with Autopilot, made between 2012 and 2024. Tesla hasn’t responded to requests …
US Requests Tesla’s Input on Autopilot Recall Investigation Read More »
German chip manufacturer Infineon (IFXGn.DE) announced a cost savings program on Tuesday as it once again revised down its full-year revenue outlook, attributing it to ongoing industry-wide weak demand. The company adjusted its revenue guidance for the year to 15.1 billion euros ($16.3 billion), with a variation of plus or minus 400 million euros, down …
Infineon Initiates Savings Program Amid Persistent Weak Demand Read More »
German software developer TeamViewer (TMV.DE), opens new tab on Tuesday posted first-quarter revenue slightly below market expectations as customers signed fewer multi-year deals, sending its shares down over 8% at 0805 GMT. TeamViewer’s shares have declined since the end of the COVID pandemic, during which companies had used its remote connectivity software for employees and …
TeamViewer Q1 revenue slightly short of forecasts, shares drop Read More »
Amazon.com (AMZN.O) intends to invest S$12 billion ($8.88 billion) over the next four years to expand its cloud computing infrastructure in Singapore, according to Amazon Web Services (AWS) on Tuesday. This investment adds to the S$11.5 billion already allocated to the Asia Pacific Region until 2023, bringing the total planned expenditure to over S$23 billion …
Amazon to invest approximately $9 billion in expanding cloud infrastructure in Singapore Read More »
Nintendo, based in Japan (7974.T), announced on Tuesday its intention to reveal details about the successor to its enduring Switch console within the financial year concluding by March 2025. The company has prolonged the Switch’s lifecycle through popular titles like “The Legend of Zelda: Tears of the Kingdom,” with attention now focused on the transition …
Nintendo to unveil details about Switch successor by the end of March Read More »
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