US Finalizes $6.6 Billion Chips Award for TSMC
The United States Commerce Department on Friday, November 15, announced that it finalized a $6.6 billion government subsidy for the US unit of Taiwan Semiconductor Manufacturing Co (TSMC).
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Elon Musk Expands Lawsuit Against OpenAI
It has become known that Elon Musk has expanded his lawsuit against OpenAI, the developer of the world’s most popular artificial intelligence-based chatbot called ChatGPT.
Fed’s Susan Collins Says About Prospects of December Rate Cut
Federal Reserve Bank of Boston President Susan Collins on Friday, November 15, during a conversation with media representatives, stated that cutting interest rates in the United States in December remains on the table, noting separately in this context that the relevant decision of the US financial regulator will be based on the coming data on […]
China’s Stimulus Measures Raise Domestic Consumption
For China, the fourth quarter of the current year began and continues as a period of a more balanced condition of the local economic system, which in recent years has been facing various challenges that have a significant sensitive impact on the situation in the relevant space.
Palantir Shares Demonstrate Growth
The shares of Palantir Technologies Inc., an artificial intelligence software developer, confidently resist the skepticism of Wall Street analysts, who doubt the justification for the high market capitalization of this company and do not show enthusiasm in the context of assessing the prospects for sustainable revenue growth of the firm.
Foxconn Reports Q3 Earnings
Foxconn, the world’s largest contract electronics manufacturer based in Taiwan, on Thursday, November 14, released information about its earnings in the third quarter of the current year.
ASML Predicts Growth Continuing
ASML, a Netherlands-based manufacturer of equipment for making chips, on Thursday, November 14, stated that it expects sales growth in the range of 8% to 14% over the next five years.
Fintech Zopa Aims to Double Profit
Digital lender Zopa, headquartered in London, is currently on track to double profits and to the growth of annual revenue by more than a third in 2024.
India’s Central Bank Chief Warns Risk of Global Inflation Returning
The head of the central bank of India stated the continued existence of risks of a return to global inflation, the potential materialization of which could become an obstacle to economic growth.
AI Startup Writer Raises $200 Million
Startup Writer, operating in the area of generative artificial intelligence, was able to raise investment funds in the amount of $200 million.
Amazon Launches Low-Cost Ecommerce Service in US
Amazon has launched a new virtual store of products priced from $20 and below.
Vietnam Expands Chip Packaging Footprint
Currently, there is a tendency in Vietnam, in which foreign companies are expand their chip testing and packaging capacities in this country, and homegrown firms are eyeing investments.
Baidu Expands AI Lineup
The Chinese company Baidu on Tuesday, November 12, presented new apps for its artificial intelligence technology.
Meta to Offer Less Personalized Ads in Europe
Meta Platforms plans to offer European users of the virtual social media platforms Instagram and Facebook the opportunity to receive less personalized advertising.
Amazon Offers Free Computing Power to AI Researchers
Amazon’s unit, which specializes in cloud computing, announced on Tuesday, November 12, that it will offer free computing power to researchers who want to use its custom artificial intelligence chips.
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