Tag: Business
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Apple to launch ‘Upgrade’ device leasing program to spur sales, Bloomberg News reports
July 21 : Apple is launching a device leasing program called ‘Apple Upgrade’ on July 28 in the U.S. to boost sales, Bloomberg News reported on Tuesday, citing people with knowledge of the matter.The new service arrives as Apple has raised prices on its iPads, MacBooks and other devices except the iPhone, no l
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Italian court rejects TIM’s precautionary appeal in network tariff dispute
MILAN, July 21 : A Milan court has rejected a request for precautionary measures filed by Telecom Italia (TIM) against KKR-backed FiberCop over new tariffs for access to Italy’s main fixed-line telecoms network, grid owner FiberCop said.The dispute centres on the terms governing TIM’s access to the fixed-lin
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University of Tennessee sues Anthropic over neural network technology
July 21 : The research arm of the University of Tennessee has sued artificial-intelligence giant Anthropic in Delaware federal court for allegedly infringing its patents related to neural networks.The University of Tennessee Research Foundation’s complaint, filed on Monday and made public on Tuesday, said tha
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Nvidia details its next-generation Vera CPU for AI, setting up challenge to AMD and Intel
Nvidia released new information about its data center CPU, called Vera, that prospective customers need to fully evaluate the chip.
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Tesla expands robotaxi service to Orlando, Tampa ahead of earnings
July 21 : Tesla on Tuesday expanded its robotaxi service to Orlando and Tampa, as the electric-vehicle maker races to prove that it can scale its autonomous ride-hailing business beyond its initial launch markets.The move comes a day before Tesla reports second-quarter earnings, with Wall Street closely watch
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Alphabet’s Gemini delay, spending worries loom over earnings
July 21 : Alphabet faces heightened scrutiny from investors as a delay in the launch of a model key to its AI ambitions adds to worries over the payoff from massive data-center spending, months after raising expectations with a blockbuster quarter for cloud sales. The Google parent — set to report second-qu
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US lawmakers urge Trump to act against EU tech rules, suggest trade probes
BRUSSELS, July 21 : A group of 25 U.S. lawmakers has written to U.S. President Donald Trump urging him to act against Europe’s tech rules including launching trade investigations, saying EU digital policies unfairly target U.S. Big Tech. In a letter seen by Reuters, the lawmakers focused on the European Unio
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GM announces new gas-powered Cadillac vehicles amid EV pullback
GM CEO Mary Barra said Tuesday the next-generation Cadillacs will include new versions of the CT5 sedan, XT5 midsize SUV and discontinued three-row XT6 SUV.
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Stocks advance on tech strength; Mideast in focus
July 21 : Global stocks rose on Tuesday, underpinned by gains in technology stocks, as investors waited for corporate earnings this week that could test an AI trade under pressure, while mediation efforts in the Middle East kept oil prices in check.The U.S. and Iran traded fresh fire, and Yemen’s Tehran-align
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Microsoft to fund Mistral’s European AI expansion in multibillion-dollar deal
SAN FRANCISCO, July 21 : Microsoft has agreed to spend billions of dollars on Mistral’s computing infrastructure in Europe under a deal that will also expand distribution of the French AI startup’s technology through the U.S. cloud and software giant, the companies said on Tuesday.As part of the agreement, Mi
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