Tag: fast
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Prysmian signs €5.5 billion Molex deal in data center push
ROME, July 20 : Italian cable maker Prysmian has signed a long-term agreement worth up to €5.5 billion ($6.4 billion) with Molex, an electronics company owned by U.S. group Koch, to supply fibre optic cables for data centers.• The deal of up to 10 years includes a €550 million upfront payment, Prysmian
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Faishal Ibrahim resigns: No by-election to be held in Marine Parade-Braddell Heights GRC
Prime Minister Lawrence Wong said investigations found the acting minister’s interactions with a woman had fallen short of the standards expected of political office holders.
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AliExpress hit with $629 million EU fine over sales of illegal, counterfeit products
BRUSSELS, July 20 : Alibaba’s AliExpress was hit with a record €550 million ($629 million) fine from the European Union on Monday for failing to tackle sales of illegal, unsafe and counterfeit products on its platform. The fine was the third issued by the European Commission under the EU’s landmark Digital
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Meta faces Tennessee trial over allegations Instagram was designed to be addictive
July 20 : Meta Platforms faces trial in Tennessee on Monday over the state’s claims that Instagram’s design is to blame for a youth mental-health crisis, one of several trials in the coming weeks testing allegations that the company’s social media platforms were intentionally built to be addictive.Tennessee a
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Hut 8 signs $9.8 billion AI data center lease, fully commercializes Texas campus
July 20 : Hut 8, a crypto-mining turned AI data center company, said on Monday it has signed a second 15-year lease worth $9.8 billion with an existing investment-grade customer, fully commercializing its 1-gigawatt Beacon Point campus in Texas.Shares of the company, which have nearly doubled this year, rose
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Rohit brushes aside retirement talk, says focus remains on representing India
(Corrects age from 38 to 39 in 2nd para)July 20 : Former India captain Rohit Sharma has dismissed speculation over his international future, saying his sole focus remains on representing the country and contributing to the team’s success.The 39-year-old’s comments came after he struck a blistering 138
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Aston Villa sign Joao Gomes from Wolves
July 20 : Aston Villa have signed midfielder Joao Gomes from Wolverhampton Wanderers, both clubs announced on Monday.The Brazil international has joined Premier League side Villa in a deal worth 34 million pounds ($45.79 million), with a further four million pounds in add-ons, according to British media repor
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Bristol Myers buys Nvidia’s latest AI computing system for drug research
NEW YORK, July 20 : Bristol Myers Squibb said on Monday it is buying the latest-generation computing system from chip company Nvidia to support its use of artificial intelligence across its drug discovery and development operations.The drugmaker said it will be the first life sciences company to buy an Nvidia
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UK government, Bezos back CuspAI’s $450 million round as startup seeks to discover new materials
July 20 : Britain’s CuspAI said on Monday it has raised $450 million from investors including the UK government and Amazon founder Jeff Bezos’ investment fund, as the startup looks to discover brand-new materials that could advance important industries, including chips. CuspAI also launched AI Materials Foun
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Bonds unsettled as oil and gas climb, earnings loom for AI
SYDNEY/LONDON, July 20 : The escalating conflict in the Gulf lifted oil and gas prices on Monday, fanning fears of inflation, sending bonds lower and leaving stocks on edge as a packed week of major tech earnings is set to further test the artificial intelligence trade.Brent crude climbed above $90 a barrel f
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