Microsoft is investing $1.5 billion in a technology firm based in the United Arab Emirates and overseen by the country’s powerful national security adviser. Microsoft and the technology holding company G42 announced the deal Tuesday. As part of the agreement, Microsoft's president, Brad Smith, will join G42's board of directors.
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 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...
Amarillo National Bank acquired a new position in ConocoPhillips (NYSE:COP – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,768 shares of the energy producer’s stock, valued at approximately $205,000. A number of other large investors also […]
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.
Dubbed the "iPhone of AI," this marks a collaboration between the former Apple design guru and OpenAI CEO.
Microsoft will invest $1.5 billion into G42, an artificial intelligence firm based in the United Arab Emirates.
"I hope one day those kinds of mergers between big banks will be allowed and we can contribute to that by showing that it's possible," Sergio Ermotti said.
Google will invest $1 billion to improve digital connectivity between the U.S. and Japan through two new subsea cables, the Alphabet-owned firm said on Wednesday amid a visit by the Japanese prime minister to boost ties between the countries. The two subsea cables, Proa and Taihei, will improve connectivity between the U.S., Japan and multiple Pacific island countries and territories, Google said in a blog post. "Building on the U.S.-Australia joint funding commitment for subsea cables last...
Unbelievable as it may seem today, the computers on the Voyager 1 spacecraft, considered state-of-the-art back in 1977 have 240,000 times less memory than an iPhone.
Will Bank of America follow rivals in posting better-than-expected Wall