Tag: Business
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As the largest World Cup ever kicks off, health officials are focused on more than Ebola
Officials are more concerned about highly contagious diseases like measles and respiratory viruses, which can spread quickly through large, fast-moving crowds.
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South Korea’s LG Group to adopt 10,000 Nvidia GPUs, Maeil says
SEOUL, June 4 : South Korea’s LG Group is adopting 10,000 GPUs from Nvidia, South Korea’s Maeil Business Newspaper reported on Thursday citing an unnamed industry source. The GPUs are expected to be used to train AI by LG’s AI research centre and a humanoid robot being developed by LG Electronics, Maeil said.
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Fuji Media’s real estate unit attracts 1 trillion yen bids, Bloomberg News reports
June 4 : Broadcaster Fuji Media Holdings received stronger-than-expected interest for its real estate subsidiary Sankei Building, attracting bidders including KKR, Blackstone and Goldman Sachs, Bloomberg News reported on Thursday, citing people familiar with the matter.Last month, more than 15 companies submi
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Amazon unveils new AI warehouse robot in $12 billion Europe push
DARTFORD, England June 4 : Amazon on Thursday unveiled an upgraded AI-powered mobile robot for its warehouses that can respond to conversational prompts, as part of a €10 billion ($11.6 billion) investment in its European fulfilment network. The Seattle-based e-commerce giant showcased the next-generatio
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CrowdStrike drops as revenue growth fails to impress investors despite AI push
June 4 : CrowdStrike shares slid 11 per cent in Thursday’s premarket trading after the cybersecurity firm’s annual recurring revenue (ARR) growth failed to impress investors expecting a boost from AI investments.The stock had rallied 60 per cent in May.CrowdStrike’s ARR grew 22 per cent year-over-year
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T-Mobile opens India tech centre, to hire nearly 1,000 by 2027
BENGALURU, June 4 : U.S. telecom operator T-Mobile opened its global capability center (GCC) in India on Thursday and plans to employ nearly 1,000 people by 2027, according to a statement from an Indian state government. Here are some details: • The tech centre was inaugurated in Hyderabad — ca
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Eli Manning weighs in on Giants QB Jaxson Dart’s Trump rally fallout
Eli Manning spoke about political activities from athletes after Giants QB Jaxson Dart introduced President Donald Trump at a rally.
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Oil falls after Lebanon and Israel agree on a ceasefire
LONDON, June 4 : Oil prices fell on Thursday after a ceasefire deal between Israel and Lebanon boosted hopes for a broader agreement to end the U.S.-Israeli war with Iran that could lead to a reopening of the Strait of Hormuz.Trade was cautious though and the decline was limited. Brent futures were down 77 ce
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Dollar at two-month high as Gulf hostilities flare, yen near intervention zone
HONG KONG, June 4 : The dollar traded near a two-month high on Thursday as renewed Gulf hostilities sapped risk appetite, while traders were alert to the possibility of intervention as the Japanese yen hovered near the key 160 level.Iranian attacks on Kuwait damaged its airport and injured dozens on Wednesday
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South Korea’s KEPCO wins Saudi Jafurah power project, seen worth $1.4 billion
SEOUL, June 4 : Korea Electric Power Corp (KEPCO) said it had won a contract to build and operate the second phase of a cogeneration power plant at Saudi Arabia’s Jafurah project, expanding its presence in the kingdom’s energy market. The company expects total revenue of about 2.1 trillion won ($1.4 billion)
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