Tag: fast
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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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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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Google connects new transatlantic cable between Portugal and the US
LISBON, July 21 : Alphabet’s Google has successfully connected a new transatlantic subsea cable to Sines in Portugal, it said on Tuesday, adding another U.S.-Europe data route as demand for cloud computing and artificial intelligence services surges.Google’s Nuvem, named after the Portuguese word for “cloud”,
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BofA enhances AI-powered tool to resolve client needs faster
NEW YORK, July 21 : Bank of America said on Tuesday it has enhanced its AI-powered EricaAssist tool, which would help more than 18,000 customer service representatives resolve client needs faster by delivering real-time guidance during conversations.The new generative AI capabilities deliver contextual guidan
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Dollar steady as investors weigh Middle East jitters against softer inflation data
BENGALURU/HONG KONG, July 21 : The U.S. dollar held steady on Tuesday as markets balanced signs of escalating tensions in the Middle East against lingering optimism from softer inflation data last week.The U.S. dollar index, which measures the currency against a basket of six peers, was largely unchanged at 1
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BlackRock-backed group commits $5 billion for Aligned Data Centers after completing acquisition
July 21 : A consortium backed by BlackRock and Abu Dhabi-based fund MGX said on Tuesday it has committed an additional $5 billion in growth capital to Aligned Data Centers after closing its $40 billion acquisition of one of the world’s biggest data center operators.The investor group agreed last year to buy A
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Philippine Airlines orders nine Airbus A350 jets, with rights for five more
FARNBOROUGH, England July 21 : Philippine Airlines ordered nine Airbus A350 widebody jets on Tuesday and secured rights for five more, a day after it placed an order for 15 Boeing 787 Dreamliners, in its push to expand long-haul services.PAL, Asia’s first commercial airline, has been rebuilding its long-haul
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Advanced chipmaking tool arrives at New York state innovation hub
SAN FRANCISCO, July 21 : The first components of an ASML next-generation chipmaking tool arrived at New York state’s Albany NanoTech Complex on Tuesday, the governor’s office said.The NanoTech complex will use the tool to conduct research and development on future forms of chip design and manufacturing.
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AI could lift Sub-Saharan Africa economy 4% if power, internet improve, IMF says
JOHANNESBURG, July 21 : Artificial intelligence could boost Sub-Saharan Africa’s economy by about 4 per cent over the next decade with better electricity supply, internet access and digital skills, an International Monetary Fund paper showed on Tuesday, but without such reforms the growth dividend could be negligibl
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