The Pentagon is considering the development of a vast network of Artificial Intelligence-powered technology, drones and autonomous systems within the next two years to counter threats from China, the Wall Street Journal reported on Wednesday.
Silicon Valley-based artificial intelligence chip startup d-Matrix has raised $110 million from investors that include Microsoft Corp at a time when many chip companies are struggling to raise cash.
Chinese state-owned semiconductor conglomerate Tsinghua Unigroup plans to accelerate its international expansion, with Southeast Asia an important target region, its chairman, Li Bin, said on Wednesday.
Roku on Wednesday trimmed its adjusted operating loss forecast for the third quarter and said it would lay off 10% of its staff as well as cut down on some office space, sending the company’s shares 12% higher.
Verkor should complete the first tranche of fundraising for its future battery gigafactory in Dunkirk, France, in the coming weeks, co-founder and chief customer officer Philippe Chain told Reuters.
Elon Musk withdrew a loan of $1 billion from SpaceX – the two-decade-old rocket company run by the billionaire – around the same time he was acquiring Twitter, now known as X, for $44 billion, the Wall Street Journal reported on Tuesday.
Australia’s TPG Telecom Ltd has extended until Oct. 4 an exclusive due diligence period granted to rival Vocus Group for the A$6.3 billion ($4.02 billion) offer for its non-mobile fibre assets.
A unit of South Korea’s Solus Advanced Materials will build a copper foil facility in the Canadian province of Quebec, producing technology for electric vehicle (EV) batteries, Ottawa said on Tuesday.
Chinese battery giant CATL’s chairman Robin Zeng called for global partners to accelerate electric vehicle development at a Chinese EV forum at the Munich auto show IAA Mobility on Wednesday.
Financial technology companies should create a self-regulatory body to address their needs and challenges, the Reserve Bank of India Governor Shaktikanta Das said on Wednesday, as the industry grows at a break-neck speed due to surging demand for digital payments and borrowings.
