Tag: Business
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Apple to spend $30 billion in Broadcom chips deal that will see Colorado factory expand
SAN FRANCISCO, July 8 : Apple plans to spend more than $30 billion as part of a chip-supply agreement reached earlier this week with Broadcom that will also see the chipmaker expand a factory in Colorado, the companies said on Wednesday.Broadcom disclosed on Monday it had secured a long-term supply deal throu
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Crypto firms prepare defenses as quantum threat to encryption draws nearer
NEW YORK, July 8 : The cryptocurrency industry is starting to prepare for the threat of quantum computing as recent advances fuel concerns that the technology could soon be able to crack the cryptography that protects transactions and digital wallets. Quantum computers can solve complex mathematical problems
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Big Tech joins Calgary Stampede oil bash, as Canada courts data centers
CALGARY, July 8 : Big Tech has joined the party at the Calgary Stampede, a sign of growing interest in Canada from U.S.-based hyperscalers as the province of Alberta courts data center development.Oil and gas companies typically take center stage at the annual energy get-together, timed with the city’s famous
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AI chip startup SambaNova valued at $11 billion in $1 billion funding round
July 8 : AI chip startup SambaNova said on Wednesday it has raised $1 billion in a late-stage funding round led by General Atlantic at an $11 billion post-money valuation.The company makes custom chips, hardware systems and cloud services tailored for inference – the process by which models respond to user q
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South Korean AI chip startup Rebellions targets IPO next year
SEOUL, July 8 : South Korean AI chip startup Rebellions aims to list its shares on the Korean market in the first half of next year, followed by a potential listing in the United States, its co-founder and chief executive Park Sunghyun told Reuters on Wednesday.”Our priority right now is Korea market,” he sai
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Apple loses challenges against EU rules to curb Big Tech
BRUSSELS, July 8 : Apple lost its challenge on Wednesday against landmark EU rules that designate its app stores and operating system iOS as gatekeepers subject to obligations aimed at giving rivals more room to compete.The EU Digital Markets Act, which sets out a list of dos and don’ts for Big Tech with the
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Dollar around one-week high as Trump says Iran MOU ‘over’
LONDON, July 8 : The U.S. dollar was steady at around its highest level in roughly a week on Wednesday after U.S. President Donald Trump said an interim memorandum of understanding signed with Iran to end their conflict was “over”, while New Zealand’s currency jumped after the country’s central bank lifted interest
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French antitrust watchdog orders Meta to resume talks with media groups over publishing fees
PARIS, July 8 : France’s competition authority on Wednesday ordered Meta Platforms to resume talks with French media groups over payments for publishing content, after the publishers complained following the collapse of previous negotiations.The case is one of a growing number between publishers and tech comp
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OpenAI secures U.S. regulatory green light for GPT-5.6 rollout, Axios report says
Skip NavigationMarketsBusinessInvestingTechPoliticsVideoWatchlistInvesting ClubPROLivestreamMenuNurphoto | Nurphoto | Getty Images The U.S. Department of Commerce has cleared the way for OpenAI to proceed with a broad release
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Oil rises to two-week high as US and Iran trade strikes
July 8 : Oil prices gained over 2 per cent on Wednesday, climbing to a two-week high after Iran and the U.S. traded airstrikes and Washington reimposed crude sales sanctions on Tehran, raising fears their fragile truce was unravelling and Middle East supplies could again be disrupted. Brent crude futures ga
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