[ad_1] More than 20 years after founding SpaceX, the record-breaking company that transformed the global space industry, Elon Musk is planning to take the enterprise public. Here is a look at what is expected to be the largest IPO in history. What’s at stake? SpaceX is owned by Elon Musk alongside several investment funds. Tech […]
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[ad_1] Nexperia makes billions of simple but ubiquitous chips for cars and other electronics [File] | Photo Credit: REUTERS Dutch chipmaker Nexperia, whose supply chain was broken up when the Dutch government took over the company in September, urged its Chinese units in an open letter on Thursday to help restore normal production. Nexperia’s Dutch […]
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[ad_1] The Pentagon, Baidu and BYD did not immediately respond to Reuters request for comments [File] | Photo Credit: REUTERS The Pentagon has concluded that Alibaba Group Holding, Baidu Inc and BYD Co should be added to a list of companies that aid the Chinese military, Bloomberg News reported on Wednesday. Deputy Defense Secretary Stephen […]
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[ad_1] International Rights Advocates (IRAdvocates) has previously sued Tesla, Apple and other tech firms over cobalt sourcing, but U.S. courts dismissed that case last year [File] | Photo Credit: REUTERS A U.S.-based advocacy group has filed a lawsuit in Washington accusing Apple of using minerals linked to conflict and human rights abuses in the Democratic […]
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[ad_1] Meta is in talks with Google to spend billions of dollars on the Alphabet -owned company’s chips for use in its data centres starting from 2027, The Information reported [File] | Photo Credit: REUTERS Meta Platforms is in talks with Google to spend billions of dollars on the Alphabet -owned company’s chips for use […]
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[ad_1] AWS cloud regions for U.S. government are based on increasing levels of data sensitivity [File] | Photo Credit: REUTERS Amazon.com said on Monday it would invest up to $50 billion to expand AI and supercomputing capabilities for Amazon Web Services U.S. government customers, in one of the largest cloud infrastructure commitments targeted at the […]
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[ad_1] One of the major targets of the layoffs was a government sales team working with agencies, including the U.S. Defense Department and Justice Department, per the report [File] | Photo Credit: REUTERS Apple said on Monday it is cutting jobs across its sales teams to strengthen its customer engagement efforts, noting that only a […]
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[ad_1] Alphabet closed in on a $4 trillion valuation on Monday, set to become only the fourth company to enter the exclusive club, as the Google parent rides an artificial intelligence-driven rally. Shares of the company rose more than 5% to hit a record high of $315.9, giving it a market capitalisation of $3.82 trillion. […]
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[ad_1] Spotify did not immediately respond to a Reuters request for comment [File] | Photo Credit: REUTERS Spotify will raise its U.S. subscription prices in the first quarter of next year, the Financial Times reported on Monday, citing three people familiar with the matter. The Swedish streaming giant said in August it would raise prices […]
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[ad_1] U.S. President Donald Trump is increasingly counting on the tech sector and the development of artificial intelligence to deliver on his economic agenda, a reality laid bare this week as he hosted Saudi Arabia’s Crown Prince Mohammed bin Salman. The crown prince has committed to invest $1 trillion with U.S. companies, a pledge that […]
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