Trump highlights partnership investing $500 billion in AI

WASHINGTON — President Donald Trump on Tuesday talked up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank. The new entity, Stargate, will start building out data centers and the electricity generation needed for the further development of the fast-evolving…

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Why is tech giant SoftBank investing over $100 billion in the US?

BANGKOK — Japanese tycoon Masayoshi Son and President-elect Donald Trump have announced plans for technology and telecoms giant SoftBank Group to invest $100 billion in projects in the United States over the coming four years. Trump said the investments in building artificial intelligence infrastructure would create 100,000 jobs, twice the 50,000 promised when Son pledged…

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Meta to build $10 billion AI data center in Louisiana as Elon Musk expands his Tennessee AI facility

NEW ORLEANS — The largest artificial intelligence data center ever built by Facebook’s parent company Meta is coming to northeast Louisiana, the company said Wednesday, bringing hopes that the $10 billion facility will transform an economically neglected corner of the state. Republican Gov. Jeff Landry called it “game-changing” for his state’s expanding tech sector, yet…

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Biden administration will loan $6.6 billion to Rivian to build Georgia factory that automaker paused

ATLANTA — President Joe Biden’s administration announced Tuesday that the U.S. Department of Energy will make a $6.6 billion loan to Rivian Automotive to build a factory in Georgia that had stalled as the startup automaker struggled to become profitable. It’s unclear whether the administration can complete the loan before Donald Trump becomes president again…

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Why is Diego Pavia Suing NCAA? $1.1 Billion College Football Controversy Pushes Vanderbilt QB to Edge

The Commodores are having an incredible season, and Diego Pavia, their star quarterback, deserves all the praise for his outstanding on-field play. His play this season has drawn notice, particularly after he led Vanderbilt to important wins, such as an upset victory against Alabama. But all of a sudden, his daring action—rather than his performance—made…

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Bangkok Post – Robinson Lifestyle Invests 2.5 Billion Baht to Redefine Retail

PUBLISHED : 1 Nov 2024 at 17:34   Small   Medium   Large Robinson Lifestyle, under Central Retail, announces 2.5 Billion Baht Investment to Transform Shopping Center and Expand New Branches, Enhancing Experiences for Customers, Partners, and Communities  Robinson Lifestyle has announced a proactive initiative to enhance customer experiences and cater to diverse lifestyles. The…

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Microsoft reports $65.6 billion in quarterly sales as investors look to know if AI spending worth it

Microsoft on Wednesday reported an 11% increase in profit for the July-September quarter compared to the same time last year as investors looked for signs that the company’s huge spending on artificial intelligence is paying off. The company reported quarterly net income of $24.7 billion, or $3.30 per share, which beat Wall Street expectations. The…

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