The venture capital arm of Italy's Cassa Depositi e Prestiti (CDP) will invest 1 billion euros ($1.1 billion) over the next five years in artificial intelligence (AI) and cybersecurity, the state lender said on Monday. The government in March had announced its intention to set up an investment fund to promote projects in the AI sector, backed by CDP, as part of its broader push, as chair of the G7, to focus on the impact of AI on jobs and inequality. CDP Venture Capital will invest 580 million...
The Environmental Protection Agency released regulations on some toxic "forever chemicals" found in drinking water that can cause cancer.
Microsoft plans to invest $1.5 billion in G42, an artificial intelligence firm in the United Arab Emirates, the New York Times reported on Tuesday. G42 had divested its investments in China and began the lengthy task of pulling out Chinese hardware amid U.S. concerns over its relationship with Chinese businesses. Under the partnership, G42 will use Microsoft's cloud services and accede to a security arrangement negotiated in detailed conversations with the U.S. government, the newspaper said....
The U.S. federal government has borrowed about $6 billion per day so far this fiscal year with little indication of slowing down. The U.S. Treasury Department released its figures for the month of March showing it borrowed $236 billion in March alone, bringing the total to $1.1 trillion for this fiscal year, which runs from October to September.
By: Casey Harper | The Center Square The U.S. federal government has borrowed about $6 billion per day so far this fiscal year with little indication of slowing down. The U.S. Treasury Department released its figures for the month of March showing it borrowed $236 billion in March alone, bringing the total to $1.1 trillion
The goal of Telegram, which has now 900 million active users, is to remain a 'neutral platform' and not a 'player in geopolitics,' founder Pavel Durov says
In a rare interview, Pavel Durov told U.S. journalist Tucker Carlson that the Dubai-based free cloud-based app that allows users to send and receive messages, calls and other files, is spreading like a "forest fire". "We'll probably cross 1 billion monthly active users within a year now," Durov, who fully owns Telegram, told Tucker, according to the video interview posted on Tucker's account on the X social media platform.
After locating “Amazon HQ2” as a second headquarters in Arlington, Virginia, Amazon struck a $750 million tax break with state and local officials in exchange for generating jobs in the region, but instead of seeing growth, the Arlington location lost 200 positions in 2023. Loss in job growth comes as the company promised to generate […]
Amazon’s partnership with the University of Washington, the University of Tsukuba, and NVIDIA will focus on AI research and workforce development.
Walt Disney famously said that Disneyland will never be completed. He was right. The vote by the Anaheim City Council on Wednesday to approve the Disneyland resort's $1.9-billion expansion plan is the latest of several huge investments made by the media giant at the 100-acre facility known to its fans as the "Happiest Place on Earth." Once upon a time, Disneyland was just a concept that grew out of a visit by Disney to Griffith Park in Los Angeles. Then on July 17, 1955, the gates were flung...
Microsoft said Tuesday that it will invest $1.5 billion in G42, a leading United Arab Emirates AI firm.