Tag: data
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Global shares gain, bonds supported as oil drops ahead of US jobs data
LONDON, Oct 2 : Global shares rose on Friday as wild volatility in bond and currency markets eased and oil prices fell ahead of key US jobs data that could shape expectations for the Federal Reserve’s next policy move. In Europe, longer-dated sovereign bond prices rose on the day, although those in more ind
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Amazon to invest $1 billion over five years in US data center communities
WASHINGTON, Oct 2 : Amazon’s cloud computing division said on Friday it would invest more than $1 billion over the next five years in US communities where it has data centers and vowed to tackle their impacts on electricity and water usage.Data centers, which provide the computing power to train and run AI
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New Mexico wants Meta to pay up to $40 billion in penalties after data privacy trial
Oct 1 : The state of New Mexico asked a judge on Thursday to order Meta Platforms to pay between $35 billion and $40 billion in penalties after a jury found the company had misled consumers about the privacy of their data on Facebook in a case that came out of the Cambridge Analytica scandal.Attorneys…
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JERA teams up with Dell, RHAELM on Japan’s AI infrastructure, building data centre near Tokyo
TOKYO, Oct 1 : Japan’s biggest power generator JERA will partner with Dell Technologies and UK-based AI infrastructure developer RHAELM to accelerate the development of AI infrastructure in Japan, the three companies said on Thursday.They signed a memorandum of understanding (MoU) to develop a standardised mo
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Stocks rise, 2-year US bond yield eases after soft US inflation data
NEW YORK/MILAN, Sept 30 : Stocks on Wall Street and two-year US Treasury prices rose on Wednesday, pushing yields lower as expectations that the Federal Reserve will hike interest rates next month decreased after softer-than-expected inflation data.Long-dated yields were still higher, however, as global bonds
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US dollar retreats after softer-than-expected inflation data
NEW YORK, Sept 30 : The dollar retreated against major currencies on Wednesday following data showing a smaller-than-expected increase in US inflation, which reduced market bets on an interest rate hike from the Federal Reserve.US Commerce Department data showed that the Personal Consumption Expenditures Pric
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Dollar surges in September, leaving euro lagging
Sept 30 : The dollar hovered near its highest level of the year against the euro on Wednesday and was on track for its biggest monthly gain versus the single currency in 14 months, buoyed by stronger US growth and rising interest-rate expectations.The euro has been one of the worst-performing major currencies
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Dollar set for big rise in September, mainly at euro’s expense
Sept 30 : The dollar hovered near its highest level of the year against the euro on Wednesday and was on track for its biggest monthly gain versus the single currency in 14 months, buoyed by stronger US growth and rising interest-rate expectations.The euro has been one of the worst-performing G10 currencies t
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Three takeaways from Trump’s ‘Super Intelligence’ summit
The president also signed an executive order requiring his government to refer to AI as Super Intelligence.
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OpenAI takes on Meta with always-on Dots agent in enterprise AI push
SAN FRANCISCO, Sept 29 : OpenAI on Tuesday unveiled always-on agents called Dots that chase user goals across apps on their own, deepening its push into the lucrative enterprise market and pitting it against Meta in the race to sell AI that can work autonomously. The Dots agents aim to capitalize on growing
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