Tag: Business
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Trump set to expand power cost pledge on data centers
July 22 : President Donald Trump is set to unveil on Thursday a pledge backed by governors, lawmakers, utilities and data center developers aimed at shielding households from electricity costs tied to the AI boom, as he pushes to make the United States the global leader in artificial intelligence.It extends T
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AT&T tops targets for new wireless subscribers as bundle offers spur demand
July 22 : AT&T topped quarterly estimates for wireless subscriber additions on Wednesday as cheaper unlimited plans paired with bundled mobile-broadband offerings drew in value-conscious customers, sending its shares up 4 per cent.The gains build on AT&T’s broader convergence strategy of selling multiple conn
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AMD to sell Anthropic tens of billions in AI servers, invest up to US$5 billion in startup
Advanced Micro Devices will sell Anthropic tens of billions of dollars’ worth of AI servers and invest as much as US$5 billion in the Claude maker, in a deal that would strengthen its foothold in a market dominated by rival Nvidia.The announcement on Wednesday marks the latest so-called circular deal in the A
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Hong Kong-listed Get Nice hit by cyberattack, impacting trading systems
July 22 : Hong Kong-listed Get Nice Holdings said on Wednesday that its units were hit by a cyberattack on July 19, temporarily affecting its electronic trading systems and other services, including stock withdrawals.Although its securities unit restarted operations later on Wednesday, its futures unit was ye
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Amazon cuts jobs in its artificial general intelligence group
SAN FRANCISCO, July 22 : Amazon on Wednesday cut jobs in its artificial general intelligence group, marking the latest in a series of smaller reductions across the company since a much larger one in January.Artificial general intelligence is a hypothetical AI system that surpasses human intelligence and c
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Penske, Mitsui make $3.8 billion offer to take auto retailer Penske Automotive private
July 22 : Penske Corp and Mitsui , the controlling shareholders of Penske Automotive Group, have offered $210 per share in cash to take the auto dealership chain private, according to a regulatory filing on Wednesday.Penske Automotive Group’s shares rose over 11 per cent during morning trade. �
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SpaceX plans Texas data center expansion, The Information reports
July 22 : SpaceX is preparing for at least one new large-scale data center in Texas, The Information reported on Wednesday, citing people familiar with the matter.The expansion would significantly increase the company’s AI computing capacity beyond its existing Memphis-area hub, where it operates two data cen
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Strange Milky Way planetary system leaves scientists puzzled
WASHINGTON, July 22 : Scientists are documenting a planetary system in the Milky Way galaxy that is so starkly dissimilar to our own solar system that they are struggling to find the proper terminology to describe it.The system includes a red dwarf star about 40 per cent of the mass of our sun that is…
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Southern Co unit signs 25-year power deal with OpenAI
July 22 : Southern Company’s subsidiary said on Wednesday it has signed a 25-year power supply agreement with OpenAI for a new project in Effingham County, Georgia.AI’s explosive growth is straining power grids, forcing utilities and tech giants to negotiate who bears the cost and risk as data centers balloon
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Dollar dips after four-day streak of gains, yen holds near 40-year low
NEW YORK, July 22 : The dollar dipped from a one-week high on Wednesday after four straight daily advances, while the yen recovered slightly from its weakest level in nearly four decades as traders gauged the likelihood of intervention from Tokyo and the chances of faster rate hikes by the Bank of Japan.The d
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