GYEONGJU, South Korea — Japanese Prime Minister Sanae Takaichi said on Saturday that she had no plans to renegotiate a $550 billion investment package deal reached with the United States. “I believe that even if the prime minister changes, promises made between governments should not be altered,” Takaichi told reporters …
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OMAHA, Nebraska — The profits of Warren Buffett’s company improved by 17 percent, thanks to a relatively mild hurricane season and more paper investment gains this year as Berkshire Hathaway prepares for the legendary 95-year-old investor to relinquish the CEO title in January. But last month’s $9.7 billion investment in …
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ESPN+ logo is displayed in this illustration taken on July 13, 2021. REUTERS/Dado Ruvic/Illustration DISNEY’S networks went dark on Google’s pay-TV platform YouTube TV after negotiations to reach a licensing deal failed, the companies said in separate statements late on Thursday. The affected Disney networks include ESPN, ABC, FX, Nat …
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An Air India passenger aircraft taxis on the tarmac while another one lands at Chhatrapati Shivaji International Airport in Mumbai, India, May 3, 2023. REUTERS/Francis Mascarenhas AIR India is seeking at least 100 billion rupees ($1.14 billion) in financial support from owners Singapore Airlines and Tata Sons, Bloomberg News reported …
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Photo Credit: communicationstoday.co.in SOCIAL media giant Meta Platforms will raise up to $30 billion in its biggest bond offering ever, it said in a filing on Thursday, as Big Tech rushes to fund the costly expansion of artificial intelligence (AI) infrastructure. Meta, navigating a period of intense investments in AI …
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SAN FRANCISCO ― Google parent Alphabet reported its first-ever $100 billion quarterly revenue on Wednesday, powered by strong growth across its core search business and rapidly expanding cloud division that was buoyed by artificial intelligence. The tech giant’s revenues jumped 16 percent year-on-year to $102.3 billion in the third quarter, …
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SEOUL ― South Korean tech giant Samsung Electronics posted on Thursday a 32-percent rise in profits on-year for the third quarter, driven by AI-fueled market demand for memory chips. The artificial intelligence (AI) industry has provided a major boost to South Korea’s Samsung and SK hynix, two of the world’s …
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Sam Altman, CEO of OpenAI, leading the charge as the company prepares for a potential $1 trillion IPO. OpenAI’s groundbreaking innovations are reshaping the AI landscape as it targets major growth with its public offering. SAN FRANCISCO ― OpenAI is laying the groundwork for an initial public offering (IPO) that …
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Photo Credit: blogs.microsoft.com OpenAI said Tuesday it has reorganized its ownership structure and converted its business into a public benefit corporation after two crucial regulators, the Delaware and California attorneys general, said they would not oppose the plan. The restructuring paves the way for the ChatGPT maker to more easily …
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Amazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence while cutting costs elsewhere. Retail giant pouring billions into data centres to power its tech. Amazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial …
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