Tag: said
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Exclusive-Amazon’s Bezos pushes Prime Video redesign focused on AI
SAN FRANCISCO, July 23 : Jeff Bezos has identified a new, high-profile platform to help showcase the hundreds of billions of dollars Amazon has bet on artificial intelligence: Prime Video.The Amazon founder and executive chairman pushed Prime Video head Mike Hopkins to overhaul the streaming service so that A
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Trump’s nuclear deal with Saudis jettisons longstanding US demands
Past US presidents insisted that Saudi Arabia normalise relations with Israel in exchange for nuclear technology.
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European semiconductor stocks diverge as investors weigh AI demand, growth expectations
July 23 : European semiconductor stocks moved sharply on Thursday after earnings updates, with Soitec surging on strong photonics demand linked to artificial intelligence applications, while STMicroelectronics and BE Semiconductor Industries (Besi) fell as investors reacted to weaker near-term performance and elevat
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IBM buys HRL Laboratories in shift to two-track quantum computing strategy
SAN FRANCISCO, July 23 : IBM has agreed to buy HRL Laboratories, a private quantum computing research lab jointly owned by Boeing Co and General Motors, the company said on Thursday, adding a second pillar to IBM’s quantum computing efforts.IBM has been racing against Alphabet’s Google, Microsoft and others t
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EU agrees on new round of sanctions against Russia
The European Union has agreed upon a new sanctions package against Russia for its war in Ukraine, which includes a price cap on Russian oil.
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EU fines Google €890 million over competition rules
The European Commission said it found that Google had preferenced its search engine and app store in ways that unfairly harmed competition.
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Tesla’s once-bullish tone on robotaxis shifts
LOS ANGELES, July 23 : A year ago, Tesla CEO Elon Musk said the company’s robotaxi network would expand at a “hyper-exponential rate” and be available to half the population of the U.S. by the end of 2025.On Wednesday’s earnings call, Musk and his executive team struck a more guarded tone as they fielded anal
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South Korea: Woman acquitted of murdering newborn after delivery
The woman, who had wanted to end her pregnancy at 36 weeks, gave birth to a baby who doctors later killed.
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Dollar hits fresh 40-year high versus yen, edges down against euro
July 23 : The dollar edged lower against the euro ahead of the European Central Bank’s policy meeting on Thursday and reached a fresh 40-year high versus the yen, as investors remained focused on the escalating conflict in the Middle East.Oil prices rose for a fifth day on Thursday amid attacks on tankers in
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Thailand works on $700 million EV plan to replace 80,000 vehicles
BANGKOK, July 23 : Thailand is reviewing a 24 billion baht ($714 million) plan to help replace up to 80,000 ageing transport vehicles with EVs and evaluating whether it should be extended to cover all electric vehicle purchases as part of its energy-transition efforts. The replacement of tens of thousands of
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