RBI Opens Doors to Foreign Investors With New Capital Inflow Measures
The Reserve Bank of India (RBI) kept its key policy repo rate unchanged at 5.25% on Friday and also took...
SoftBank Plans 5 GW AI Data Center Network in France, Starts With 1 GW Bosquel Project
SoftBank announced that it will develop up to 5 gigawatts of AI data center capacity in France, with an investment...
IBM and Red Hat Commit $5 Billion to Secure Open-Source Software as AI Raises Cybersecurity Risks
IBM and Red Hat have announced Project Lightwell, a $5 billion program designed to strengthen open-source software security as AI...
AI Boom Pushes SK Hynix Into Trillion-Dollar Club Amid Global Chip Rally
SK Hynix has crossed the $1 trillion market value as the AI boom continues to lift memory-chip makers into a...
Huawei Launches AI-Focused Data Infrastructure Solution for Next-Generation Data Centers
Huawei unveils a full-stack data infrastructure solution for AI data centers, built around data lakes, AI data platforms, compute power,...
IBM and U.S. Commerce Department Back America’s First Purpose-Built Quantum Foundry
IBM and the U.S. Department of Commerce have signed a letter of intent to create Anderon, a new IBM company...
Standard Chartered Plans 7,000 Job Cuts Amid AI and Automation Push
Standard Chartered is restructuring its global operations around artificial intelligence (AI) and automation, company plans to cut more than 7,000...
Google and Blackstone Form AI Cloud Venture as Demand for AI Data Centers Surges
Google and Blackstone have formed a new AI cloud venture at a moment when demand for compute, power and data...
Cisco to Cut About 4000 Jobs as AI-Focused Restructuring Accelerates
Cisco announced on Wednesday that it will cut fewer than 4,000 jobs, or less than 5% of its workforce, as...
OpenAI Caps Microsoft Revenue Share at $38 Billion in Major Deal Reset
OpenAI and Microsoft have reportedly agreed to cap the total revenue OpenAI shares with Microsoft at $38 billion. Reuters reported,...