Tag: fast
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New York becomes the first state to impose a data center moratorium
July 14 : New York became the first U.S. state on Tuesday to halt construction of large new data centers, imposing a one-year moratorium as concerns grow that the facilities driving the artificial-intelligence boom are raising power costs, straining water supplies and burdening local communities.The moratoriu
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Google probed by Swiss regulator over Android default search feature
ZURICH, July 14 : Switzerland’s Competition Commission (COMCO) has launched a preliminary investigation into Google’s removal of a feature that allows mobile phone users to opt out of using its search engine as default, the authority said on Tuesday.The “Choice Screen” feature allows users to choose their def
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Global investors turn most bullish since February, BofA survey shows
MILAN, July 14 : Global investor sentiment has climbed to its strongest level since February, with fund managers growing more optimistic on the economic outlook, artificial intelligence-linked spending and the prospect of a dovish Federal Reserve, Bank of America’s latest Global Fund Manager Survey showed.Cas
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Samsung explores potential US listing via ADRs, Bloomberg News reports
July 14 : Samsung Electronics Co. is in the early stages of exploring a potential offering of American Depositary Receipts (ADRs), Bloomberg News reported on Tuesday, citing people familiar with the matter. Reuters could not immediately verify the report. Samsung declined to comment.Samsung has held
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Subaru to recall over 541,000 US vehicles over incorrect label
July 14 : Subaru is recalling 541,237 vehicles in the U.S. because they were manufactured with an incorrect Gross Axle Weight Rating (GAWR) on the certification label, the U.S. National Highway Traffic Safety Administration said on Tuesday.
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Sacked McCullum apologises for England’s test results
July 14 : Sacked England test coach Brendon McCullum apologised for the team’s results during his tenure on Monday, saying he had failed to deliver the success the side wanted.The 44-year-old was appointed in 2022 shortly after Ben Stokes became test captain and oversaw a period of aggressive, attacking crick
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India’s LTM expects AI revenue to outpace traditional services, CEO says
BENGALURU, July 14 : Indian software services firm LTM expects AI revenue to outpace its traditional services business, CEO Venu Lambu told Reuters, betting that enterprises will need IT companies to deploy powerful large language models from firms such as Anthropic and OpenAI.Investor worries that increasing
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SoftBank’s Son says AI will need $5 trillion per year by 2040, dismisses bubble talk
TOKYO, July 14 : The development of AI will require investment of $5 trillion each year by 2040, and any talk of a bubble forming around the technology is “absurd”, SoftBank Group CEO Masayoshi Son said on Tuesday.Over the past two years, the technology investment group has embarked on an expansive investment
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South Korean court suspends FTC designation Coupang founder Kim Bom as controlling entity
SEOUL, July 14 : A South Korean court on Tuesday suspended a Fair Trade Commission (FTC) decision to designate Kim Bom, the founder of U.S.-listed e-commerce firm Coupang, as the group’s controlling entity. The Seoul High Court granted an injunction sought by Coupang and Kim, suspending the designation pendin
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Japan signals chance of pension allocation shift, offers scant details
TOKYO, July 14 : Japanese policymakers on Tuesday flagged the possibility of changes to the asset allocation of the nation’s giant state pension funds, though they offered no clues on the timing or scale of any shift.Finance Minister Satsuki Katayama said Japan may consider adjusting the funds’ asset allocati
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