EU has allocated $11.4 billion for 7 AI gigafactories to compete with the US and China.
The executive of the 27-nation bloc announced on Thursday that the European Union is providing 10 billion euros ($11.4 billion) in funding for companies to
Uber Quits Nigeria and Uganda to Pivot to London Autonomous Tech.
Uber Technologies, a ride-hailing company, announced on Wednesday that it will discontinue its 12-year presence in Nigeria, Africa's most populous country, on September 2. Uber
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
Elon Musk launches X Money, offering 6% interest, 3% cashback, and real-time transfers.
Elon Musk’s social media firm X has introduced a tool similar to a bank account that allows users to transmit money to each other. X
China’s CXMT, the largest chip memory maker, soars 472% with debut.
China’s largest memory chip manufacturer, CXMT, saw its shares soar on Monday as it started trading in Shanghai in the country’s largest IPO in recent
Britain’s NatWest loaned NBFI Amplifi Capital £250 million before it collapsed, posing risks to the wider financial system.
In the years before its collapse last month, London-based consumer credit company Amplifi Capital received up to £250 million ($333 million) in funding from Britain’s
Kuwait Petroleum Corporation signs a $16 billion oil pipeline network lease and leaseback, the largest FDI ever.
Kuwait Petroleum Corporation (KPC), a state-owned Gulf company, announced on Saturday that it has reached a $16 billion agreement with a group of international funds,
AfDB approves a $114 million loan for Africa’s first EV battery gigafactory in Morocco.
On Friday, the African Development Bank (AfDB) announced that it had authorized a €100 million ($114 million) loan to support the construction of Africa’s first
EU fines Google $1 billion for favoring its own services in the Play app store and search results.
The European Union fined Google 890 million euros ($1 billion) on Thursday for allegedly violating digital antitrust laws by using Google Play and its widely
Judge awards Anthropic a $1.5 billion settlement for the largest copyright infringement in history, utilized to train the Claude chatbot.
After utilizing unauthorized copies of writers’ works to train its Claude chatbot, Anthropic, an artificial intelligence corporation, will pay thousands of authors around $3,000 per
UK’s Metro Bank is considering a merger with rival Aldermore in a $2.7 billion deal.
In the wake of the car financing mis-selling crisis, Britain’s Metro Bank is investigating a £2 billion ($2.7 billion) merger with rival lender Aldermore, which
Google is to introduce a new server chip to run Gemini models more effectively.
Google is working on a new server chip that would directly integrate components of its Gemini model into the hardware in an effort to provide
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