Amazon has announced plans to invest $11 billion to expand its cloud and logistics operations in Germany. This move is seen as part of the company’s strategy to strengthen its presence in the European market and boost its cloud computing services. The investment will focus on building new data centers and warehouses in the country, … Read more
Stocks saw a significant boost thanks to a rally from Nvidia, a leading technology company. The rally helped stabilize the dollar, providing further support to the market. Investors were encouraged by Nvidia’s performance, leading to an overall positive trend in the stock market. The stability of the dollar also provided a sense of security for … Read more
The United States is ramping up antitrust investigations into tech giants Microsoft, OpenAI, and Nvidia, setting the stage for potential legal actions against these companies. This move comes amidst growing concerns about the market dominance and potentially anti-competitive practices of these firms. The investigations are being led by regulatory authorities, who are closely examining the … Read more
According to data from S3 Partners reported by Reuters, short bets against Nvidia have reached a substantial $34 billion. This indicates that a large number of investors are wagering that the stock price of Nvidia will decrease in the near future. Short selling involves borrowing shares of a company to sell on the open market … Read more
The S&P 500 and Nasdaq both saw slight declines in their closing numbers as investors anticipated the release of US payrolls data. The S&P 500, a key indicator of the stock market, ended the day slightly lower, while the Nasdaq also closed with a minor decrease. Analysts and investors were closely watching the upcoming US … Read more
A class action lawsuit against Google alleging that the tech giant unlawfully collected biometric data from individuals without their consent has been dismissed by a federal judge. The lawsuit, which was filed in Illinois, accused Google of violating the state’s Biometric Information Privacy Act (BIPA) by using facial recognition technology in Google Photos without obtaining … Read more
In a recent finding from a study conducted by researchers from Harvard University, it was discovered that consuming a Mediterranean-style diet can reduce the risk of developing chronic kidney disease. The study, which was published in the Clinical Journal of the American Society of Nephrology, involved analyzing data from over 900 participants and assessing their … Read more
Amazon Web Services (AWS) announced a significant investment of 15.7 billion euros ($17.02 billion) in data centers in the Aragon region of Spain. This investment replaces a previous plan from 2021, where the company had committed to investing 2.5 billion euros in the country. The timeline for the disbursement of this new investment was not … Read more
IBM announced that it will be releasing a family of artificial intelligence models as open-source software and will be assisting Saudi Arabia in training an AI system in Arabic. This decision sets IBM apart from competitors like Microsoft, who typically tightly protect their AI models and charge for access. Instead, IBM is making the models … Read more
By Foo Yun Chee BRUSSELS (Reuters) – U.S. chipmaker Broadcom (NASDAQ:) is being asked by EU antitrust regulators about changes to newly acquired cloud computing company VMware (NYSE:)’s licensing conditions following complaints from a spate of EU business users and a trade group. The EU competition enforcer said it had sent requests for information to Broadcom … Read more