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TECH GIANTS AI INVESTMENT
SAP tightens hiring, travel spend as it ramps up AI investmentsGerman tech giant SAP is strategically curbing hiring, travel, and external spending to fuel its ambitious artificial intelligence investme...- HCL Tech surges 6% on $1.14 billion AI deal; Mercedes-Benz likely clientHCL Tech shares surged following a significant $1.14 billion deal with a European Fortune Global 50 firm to manage its digital workplace an...
- AI race weakens climate pledges at Google, AmazonGoogle and Amazon this week reported sharp increases in greenhouse gas emissions, driven by the frantic construction of artificial intellig...
- Meta's Mark Zuckerberg says AI agent tech progressing slower than expectedZuckerberg and other Meta executives have been seeking to moderate some of the organizational changes introduced earlier this year, witho...
- Microsoft, AWS deploy engineer armies to help crack AIAWS and Microsoft want to embed thousands of their own engineers at client companies to help them capitalize on artificial intelligence, wh...
- Microsoft launches firm to help companies adopt AI with $2.5 billionMicrosoft has launched a new venture, Microsoft Frontier Company, backed by $2.5 billion, to guide businesses in selecting and integrating ...
- Indian public relations industry pegged to reach Rs 4,500 cr by 2030: ReportIndia's public relations sector is poised for significant growth, projected to hit Rs 4,500 crore by 2030. While the overall growth rate is...
- Seoul stocks plunge 8% as Samsung, SK hynix shares tumbleSouth Korean stocks plunged nearly eight percent at close Thursday as tech giants Samsung and SK hynix tumbled on fears of slowing AI chip ...
- Sam Altman wants to give a 5% OpenAI stake to the US government: ReportOpenAI is reportedly exploring a 5% equity stake for the U.S. government, a move aimed at easing political concerns and fostering ties with...
- Meta stock: Why are Facebook, Instagram, WhatsApp shares are rising today at U. S Stock Market?Meta has poured hundreds of billions of dollars into data centers and AI chips.
- Key facts on South Korea's three chip and AI 'mega projects'Below is a summary of the investments and targets announced at the event and in corporate and government statements.
- China, India see top firms lose market cap share in AI lagMajor stock markets in China, India, and Hong Kong are lagging in the global AI race, with top companies now holding a smaller market share...
- 'One-time opportunity': South Korea bets big on AI boomSouth Korea's chip industry is poised for a significant boost amidst soaring demand for AI components. Analysts highlight this as a crucial...
- Funding the 'mother of all cycles': Chris Wood cuts Indian stocks to double down on South Korean chip giantsChristopher Wood has cut select Indian equities to increase exposure to South Korean chipmakers like SK Hynix and Samsung Electronics, bett...
- Amazon open to acquisitions in India, says CEO Andy JassyAsked whether Amazon would consider acquisitions in the quick commerce space and whether it might invest in homegrown AI companies such as ...
- India-US hold roundtable to deepen AI, chips, critical minerals cooperationIndia and the United States held a closed-door roundtable bringing together senior government officials and industry leaders to strengthen ...
- Samsung readies $648 billion bet, report says, as AI boom reshapes South KoreaThe investment, which would include AI data centers, batteries and displays, will be announced at a meeting with President Lee Jae Myung at...
- Maharashtra CM meets Amazon CEO, invites company to invest in data centres, healthcareMaharashtra Chief Minister Devendra Fadnavis met Amazon CEO Andy Jassy, urging investment in the state's data centres, healthcare, and AI-d...
- ByteDance rolls out paid subscriptions for China's largest AI chatbotChinese tech giant ByteDance has launched paid subscriptions for its popular AI chatbot, Doubao, a move aimed at monetizing its vast user b...
- Meta's Cred deal showcases new playbook: take stake, hire the founderMeta is strategically acquiring minority stakes in tech firms and integrating their founders into senior roles, a pattern evident with Cred...
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