PITTSBURGH — US President Donald Trump went to Pennsylvania on Tuesday to announce $92 billion in energy and infrastructure deals intended to meet big tech’s soaring demand for electricity to fuel the AI boom. Trump made the announcement at the inaugural Pennsylvania Energy and Innovation Summit at Carnegie Mellon University, …
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WASHINGTON, D.C. — US President Donald Trump said Tuesday that he had struck a trade pact with Indonesia resulting in significant purchase commitments from the Southeast Asian country, following negotiations to avoid steeper tariffs. Indonesian goods entering the United States would face a 19 percent tariff, Trump said in a …
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TAIPEI — Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s main producer of advanced artificial intelligence (AI) chips, is expected to post a 52-percent jump in second-quarter (Q2) profit to record levels, though US tariffs and a strong Taiwan dollar could weigh on its outlook. AI-related demand continues to boom and …
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People walk past a banner with an AI (artificial intelligence) sign at the Frankfurt book fair on October 16, 2024, on the first day of the world’s biggest book fair in Frankfurt am Main, western Germany. Kirill Kudryavtsev, AFP/File NEW YORK — The artificial intelligence industry is scrambling to reduce …
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China’s economy has relied on robust exports and manufacturing to offset a property slowdown and weak domestic demand © Go Nakamura/Reuters BEIJING, China — China’s economy expanded more than five percent in the second quarter of the year, official data showed on Tuesday, after analysts predicted strong exports would provide crucial …
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NEW YORK — Major stock markets on Monday largely shrugged off US President Donald Trump’s latest tariffs threat to hit the EU and Mexico with 30 percent levies. Analysts said investors viewed the warning as yet another negotiating ploy against America’s trading partners rather than a genuine move — although …
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SAN FRANCISCO — A bipartisan pair of US senators sent a letter to Nvidia CEO Jensen Huang on Friday (Saturday in Manila) about an upcoming trip to China, warning the CEO to refrain from meeting with companies that are suspected of undermining US chip export controls. Nvidia CEO Jensen Huang …
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A 3D-printed miniature model of Elon Musk and the xAI logo are seen in this illustration taken January 23, 2025. REUTERS/Dado Ruvic/Illustration/File Photo SpaceX has committed $2 billion to xAI as part of a $5-billion equity round, deepening the ties between tech billionaire Elon Musk’s ventures as his artificial intelligence …
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CRYPTO investors are betting that a slew of long-sought policy wins for the industry, expected next week, could invite new investment in the asset class. Representations of cryptocurrency Bitcoin are seen in this illustration taken Nov. 25, 2024. REUTERS PHOTO Those hopes helped propel bitcoin to another high on Friday …
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Unifor says the B.C. Labour Relations Board has awarded union certification to workers at an Amazon facility in Delta, B.C. The workers will now begin the process of negotiating a first contract, the union says. Amazon plans to appeal the union certification. Workers at an Amazon fulfilment centre in Delta, …
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