Tag: fast
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SLB partners with Liberty Energy to supply modular parts, power to data centers
July 14 : SLB said on Tuesday it has partnered with Liberty Energy to supply modular parts and power to data centers, as the oilfield services firms look to tap surging demand from the AI boom.• Under the deal, SLB said it would design and supply modular and prefabricated components for data center projects
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Justin Rose returns to Birkdale chasing elusive Open title
BIRKDALE, England, July 14 – Justin Rose returns to Royal Birkdale this week for the Open Championship, chasing the Claret Jug on the course where he burst onto the scene as a 17-year-old amateur in 1998.Rose chipped in on the final hole that year to grab a share of fourth place and announce himself to…
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German media regulator says Google’s AI Overviews subject to German media law
BERLIN, July 14 : Germany’s media regulator said on Tuesday that Google’s AI Overviews and Perplexity AI are subject to the country’s media laws, stepping up scrutiny of AI-generated content after a German court found Google liable for inaccurate information produced by the feature. The Commission for Licensi
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UK teens report sleep, wellbeing gains under social media restrictions, study shows
LONDON, July 14 : British teenagers who took part in a government-backed trial of social media restrictions reported improvements in sleep, concentration and wellbeing, according to a study published on Tuesday.• A complete ban on social media apps generated the strongest reported gains in focus but also th
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UK’s BBC warns its current funding model is not sustainable
LONDON, July 14 : The BBC warned its current funding model was not sustainable to fund its public broadcasting mission in its annual report on Tuesday, highlighting the gap between the number of users it has and those who pay for its services.The organisation, which was thrown into crisis last year over accus
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AI startup Reflection signs over $1 billion computing deal with Nebius
July 14 : AI startup Reflection said on Tuesday it has signed a more than $1 billion deal to secure computing capacity from Nebius, including access to Nvidia’s latest chips.The move builds on Reflection’s June agreement with SpaceX for computing capacity, a deal that media reports said would see the startup
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IBM forecasts preliminary Q2 revenue below estimates as spending shifts to AI
July 14 : IBM’s preliminary second-quarter revenue forecast came below Wall Street estimate on Tuesday, as customers prioritized spending on AI infrastructure, including servers, storage and memory purchases, sending its shares slumping 17 per cent in premarket trading. The results reflect an industry-wide s
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AI finance startup Flex doubles valuation to about $1.2 billion, source says
July 14 : Flex, an AI startup pitching itself as a one-stop shop for the banking needs of mid-sized business owners, said it raised $70 million in a round led by Halo Fund, a venture firm co-founded by Utah Jazz owner Ryan Smith and Accel partner Ryan Sweeney.The company did not disclose its valuation on…
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Oil hits four-week high as US-Iran conflict escalates
July 14 : Oil prices rose on Tuesday to their highest in four weeks, after the U.S. reimposed a naval blockade of Iran and renewed attacks between Washington and Tehran heightened concerns over energy flows through the Strait of Hormuz.Brent crude rose to its highest since June 12 and WTI to its highest since
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EU approves €659 million in German aid for four chip plants
BERLIN, July 14 : The European Commission on Tuesday approved €659 million ($751 million) in German state aid to support four first-of-a-kind semiconductor facilities in Germany, saying the projects will strengthen the EU’s position and autonomy.”Today’s approval of Germany’s support for four new projects i
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