Telecom Italia CEO survives AGMReliance Jio now has 108 million 5G usersVerizon’s FWA growth continues in Q1
In America, the Washington D.C., uniparty types like to make you think they are all for reining in big corporations in favor of the “little guy.” But in practice, it seems that across many industries, the practice of squeezing out competition via government subsidy or legislative or bureaucratic intervention is often carried out by legislators with a vested interest in the long-term success of their “donating constituency.”
Microsoft laid out $1.5 billion for a stake in UAE-based G42 in a deal that gave the tech giant a seat on the AI company’s board.
Microsoft beat Wall Street estimates for third-quarter revenue and profit on Thursday, driven by gains from adoption of artificial intelligence across its cloud services, and the company's shares jumped more than 4% in extended trade. Executives forecast ranges for current quarter cloud revenue that were mostly above Wall Street targets. The rise in Microsoft shares after the bell lifted the company's stock market value by $128 billion as profit and revenue growth overshadowed its...
We have all been guilty of falling under the foundation model spell of the past year-and-a-half, initiated by OpenAI’s unveiling of ChatGPT to the public. But it is not only where large language models (LLMs) such as GPT-4 are concerned that incredible progress has been made in the field of artificial intelligence. And one company has been behind more impressive milestones than most — DeepMind, acquired by Google in 2014 for a reported £400mn to £650mn. Speaking at the TED 40th...
As part of the deal, the companies will establish a $1bn fund to boost the AI skills of developers in the country and the broader Middle East and North Africa region. : Microsoft to invest $1.5bn in Abu Dhabi AI start-up G42
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....
Microsoft will invest $1.5 billion in United Arab Emirates-based artificial intelligence firm G42, giving the U.S. tech giant a minority stake and a seat on the board, the companies said in a statement on Tuesday.
Reliance Jio, India's leading telecom operator, has surpassed China Mobile to become the world's largest consumer of mobile data traffic. Jio's network handled a massive 40.9 exabytes of data in the first quarter of 2024, compared to China Mobile's 38 exabytes, according to Tefficient, a global analytics firm.Jio also boasts the world's second-largest 5G subscriber base, with 108 million users. Notably, over 28% of its total mobile data traffic now comes from 5G users.JioBharat drives Reliance...
The company’s customer base also added 10.9 million net subscribers this quarter, taking its total subscriber base from 470.9 million in Q3FY24 to 481.8 million in Q4.
Microsoft said Tuesday that it will invest $1.5 billion in G42, a leading United Arab Emirates AI firm.
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.