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IMF warns Nigeria that $5 billion swap deal with the UAE lender is opaque and complex.
Nigeria plans to borrow up to $5 billion through a derivatives arrangement with First Abu Dhabi Bank, but the IMF issued a warning on Tuesday
Amazon fined $2.5 billion for duping millions of customers with Prime subscription. – FTC.
A historic order has been obtained by the Federal Trade Commission from Amazon.com, Inc., Senior Vice President Neil Lindsay, and Vice President Jamil Ghani. This
Volkswagen will invest $186 billion by 2030 despite crises in Chinese and US markets, the CEO says.
Oliver Blume, the CEO of Volkswagen Group, stated that the company intends to invest 160 billion euros ($186 billion) through 2030, indicating a tightening of
Netflix takes over Warner Bros. in a cash and stock deal worth $72 billion.
Netflix has reached an agreement to purchase Warner Bros. Discovery’s TV and film studios and streaming operations for $72 billion. This transaction would give the
Meta’s new policy may hinder third-party AI providers from offering their services through WhatsApp. – EC
To determine whether Meta’s new restriction on artificial intelligence (AI) suppliers’ access to WhatsApp may violate EU competition laws, the European Commission has launched a
The AI hype is generating a new global memory chip supply crisis.
An acute global scarcity of memory chips is driving artificial intelligence and consumer electronics businesses to struggle for shrinking supply, as prices jump for the
AI will make the rich unfathomably richer and the poor wretched. – UN report.
There are challenging realities hidden behind the excitement surrounding artificial intelligence’s potential, such as how this technology can impact those who are already at a
Amazon and Google unveil multicloud service to improve network interoperability.
In response to the increasing demand for dependable connectivity, Amazon and Google announced a jointly created multicloud networking service on Sunday, according to a statement
Micron commits $9.6 billion to build an AI memory chip facility in Japan.
The Nikkei reported on Saturday that Micron Technology will invest 1.5 trillion yen ($9.6 billion) to construct a new plant in Hiroshima, western Japan, to
US shoppers ditch queues for digital carts as online spending surges above $11.8 billion.
U.S. consumers spent $11.8 billion online on Black Friday as more people used their phones and laptops rather than braving the cold to take advantage
Banks are in talks to lend Oracle and Vantage $38 billion to build OpenAI sites.
The Financial Times reported on Friday that a consortium of banks was in negotiations to lend an additional $38 billion to Oracle and data centre
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