Tag: Business
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UK sets out $1.5 billion AI hardware plan with supercomputer, chip funding
LONDON, June 8 : Britain set out a new £1.1 billion ($1.47 billion) plan on Monday to build domestic AI computing capacity, including a new national supercomputer and funding to back homegrown chip firms.The strategy builds on a £400 million commitment announced by Prime Minister Keir Starmer at London Tech
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Alphabet taps Intel to make three million in-house chips, The Information reports
June 8 : Alphabet’s Google has placed an order with Intel to manufacture more than three million tensor processing units in 2028, The Information reported on Monday, citing people with direct knowledge of the discussions.Nvidia has not placed an order with Intel yet, but has been evaluating whether the compan
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Indonesia fleshes out plan to strengthen state control over commodity imports
JAKARTA, June 8 : Indonesia’s Trade Ministry published technical regulations on Monday that give the central government more control over coal, palm oil and ferroalloy exports, part of a controversial plan by President Prabowo Subianto to boost earnings from the country’s plentiful natural resources. The new
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EV maker VinFast’s quarterly revenue rises on strong Southeast Asia demand
June 8 : Vietnam’s VinFast reported a nearly 42 per cent rise in first-quarter revenue on Monday, bolstered by strong demand for its electric vehicles from key markets in Southeast Asia.The company’s quarterly revenue came in at 23.11 trillion dong ($877.24 million), compared with revenue of 16.31 trillion do
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United CEO brushes off airline mergers after American rejection: ‘There’s nothing’
When asked about a wave of consolidation among airlines, Kirby said further combination opportunities look unlikely: “There’s nothing.”
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100 days of war, Delta’s trans-Pacific push, YouTube creators take on Hollywood and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
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Italian coffee giant Lavazza launches single-serve tablets to make espresso in the U.S.
With Tablì, Lavazza is betting that sustainability is still a top consideration for many coffee drinkers.
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Samsung Elec’s chip chief says he discussed next-generation foundry with Nvidia CEO
SEOUL, June 8 : Samsung Electronics’ co-CEO and head of its chip division, Jun Young-hyun, said on Monday he discussed cooperation in next-generation foundry chips with Nvidia CEO Jensen Huang during a meeting in Seoul.Jun said Samsung and Nvidia are currently collaborating on autonomous driving chips and Gro
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Uber opens sign-ups for London ‘robotaxis’ ahead of launch ‘in months’
LONDON, June 8 : Uber said its users could sign up from Monday for a chance to ride in London’s first robotaxis powered by AI technology from British start-up Wayve as soon as regulators give the go-ahead for launch, which it expects in the coming months.Autonomous vehicles are a strategic priority for the ri
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Spacecraft developer Quantum Space to go public in $1.2 billion SPAC deal
June 8 : Space infrastructure company Quantum Space said on Monday it would go public through a merger with special purpose acquisition company Inflection Point Acquisition in a deal that values the combined company at about $1.2 billion.The deal comes as investor interest in the space sector has surged ahead
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