Intel Corporation has announced the suspension of construction on a new $25 billion microchip factory in Israel, as reported by Calcalist and confirmed by Intel. The decision comes after Intel clarified its stance on adapting to evolving project schedules, without directly addressing the report about the Israeli site. Intel emphasized its commitment to Israel as … Read more
The Competition and Markets Authority in Britain is investigating Hewlett Packard Enterprise’s proposed $14 billion acquisition of Juniper Networks to determine if it will negatively impact competition in the country. Hewlett Packard Enterprise announced its intention to purchase Juniper Networks in January with the goal of enhancing its artificial intelligence offerings. The deal is expected … Read more
Intel has paused a $25 billion investment in Israel, which is being celebrated as a major win by the Boycott, Divestment, and Sanctions (BDS) campaign. The decision to halt the investment was seen as a significant victory for the BDS movement, which aims to put economic and political pressure on Israel to end its occupation … Read more
Nvidia CEO Jensen Huang has skyrocketed to become the 11th richest person in the world, thanks to a $4 billion increase in his net worth in a single day on June 18. This surge in wealth comes as Nvidia has become the most valuable public company globally, riding the wave of the artificial intelligence boom. … Read more
Google has announced a $2.3 billion investment in their data centers in central Ohio, including those in New Albany, Lancaster, and Columbus. These data centers form the “Columbus Cloud Region” and support various web services. Data centers consume large amounts of electricity and can strain the electrical grid, with some data centers using as much … Read more
The global Analytics as a Service market is set to experience significant growth, with a projected CAGR of 24.5% from 2024 to 2029. This growth is driven by factors such as increased demand for advanced analytics techniques, data connectivity across hybrid and multi-cloud environments, and the proliferation of big data, IoT devices, and digital transformation … Read more
The U.S. Department of Veterans Affairs is facing challenges with Oracle software, which is supposed to help improve patient care. According to Bloomberg News, an internal survey revealed that fewer than 1 in 5 VA healthcare staff believe that Oracle’s product enables them to provide “high-quality care.” The VA, Oracle’s largest public customer in the … Read more
Cisco has recently announced the establishment of a $1 billion fund dedicated to investing in artificial intelligence (AI) startups. This move marks the tech giant’s entry into the thriving AI market, as it aims to fuel the growth of innovative AI technologies and solutions. The fund, named the Cisco AI Fund, is designed to support … Read more
Amazon Web Services (AWS), the computing division of tech giant Amazon, is seeking to invest billions of euros in expanding its data center business in Italy to enhance its cloud offerings in Europe. This move underscores AWS’s efforts to strengthen its presence in various regions around the world, including Singapore. In Singapore, AWS announced plans … Read more
Cisco Systems, a telecommunications company, recently unveiled a $1 billion global investment fund to focus on developing AI-powered solutions for networking, security, and observability. This investment will target companies Cohere, Mistral AI, and Scale AI to enhance customer readiness, IT infrastructure, foundational models, model development, and AI training. Cisco’s chief strategy officer, Mark Patterson, highlighted … Read more