US to give Intel $10b in subsidies to build the world’s largest chip plant in Ohio.
The Biden administration is considering giving Intel Corp more than $10 billion in subsidies. A combination of loans and direct grants are probably part of
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
Microsoft is releasing four Xbox-exclusive titles on other companies’ platforms.
Several exclusive Xbox titles will soon be available on competing systems, the video game business and its parent, Microsoft, revealed on Thursday. Microsoft Gaming CEO
OpenAI unveils Sora, a new text-to-video generator from written prompts.
The creator of ChatGPT revealed on Thursday its next step towards generative AI with a program that can create short video instantaneously in response to
Japan enters a recession due to an aging population and loses spot as the third-largest economy in the world.
Japan’s economy shrank in the final quarter of 2023, lagging behind Germany to become the fourth largest in the world. According to Cabinet Office figures
The UK economy was dragged into recession by high inflation and interest rates.
For the first time since the coronavirus epidemic began, the British economy entered a recession at the end of 2023 as output declined more than
Nigeria’s inflation rises to 29.90% year on year, driven by food inflation at 35.41% in January.
Nigeria’s annual inflation jumped to 29.90% in January from 28.92% in December, the Bureau of Statistics announced on Thursday. According to the statistics agency, increases
Green energy projects in Africa are hindered by IMF loan constraints.
Renewable energy investments in Africa are being hobbled by insufficient government loan guarantees, as the International Monetary Fund keeps a tight leash on country indebtedness,
Artificial intelligence may get dangerous due to “societal misalignments,” OpenAI CEO warns.
The CEO of OpenAI, the company that makes ChatGPT, stated on Tuesday that the risks associated with AI keep him up at night and are
Diamondback Energy to acquire Endeavour in a $26b deal will create a drilling giant and climate threat.
In a deal for over $26 billion in cash and stock, Diamondback Energy will acquire rival Endeavour Energy Resources to establish a drilling behemoth in
Google commits $26million to boost AI skills in Europe.
To assist Europeans in learning how to use artificial intelligence (AI), Google has committed 25 million euros ($26.98 million). On Monday, the IT behemoth said
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