President Joe Biden unveiled Microsoft's $3 billion investment in an AI data center in southeast Wisconsin, addressing the soaring demand for computing power in the AI sector.
Funding
OpenAI Startup Fund Secures Additional $5 Million in Latest Funding Round
The OpenAI Startup Fund has successfully raised an additional $5 million. The OpenAI Startup Fund has successfully raised an additional $5 million, according to a filing with the US Securities and Exchange Commission (SEC).
Anthropic Expands Claude AI Chatbot to Europe, Launches Fundraiser
Anthropic will expand its generative AI assistant Claude to Europe while continuing to get funding from the continent.
Former Cruise CEO Kyle Vogt Returns to Robotics Realm, Raises $150 Million for Household Robot Company
Kyle Vogt, the former founder and CEO of self-driving vehicle firm Cruise, has launched a new venture-backed robots business focusing on home tasks.
China Is Offering Long-Term Bonds Worth $140 Billion to Stimulate Economy
China to issue 1 trillion Chinese Yuan in long-term bonds starting this week to boost the economy.
Latest News
Steward Health Care has reportedly listed all its 31 hospitals in the United States for sale to pay off its $9 billion debt.
Social Security and Medicare have improved due to stronger-than-expected economic growth. However, the safety-net programs are still expected to face a funding crisis in approximately ten years.
The focus of the investment will be on reopening 62 pubs that were previously closed and renovating 94 existing outlets.
Despite rivals investing heavily in AI-focused infrastructure, Apple, emphasizing hardware sales, maintains a lower capital expenditure, raising concerns about its sales and competitiveness.
A US scheme to pay carriers and ISPs to remove Huawei and ZTE equipment from their networks is stalled owing to a $3 billion financing gap.
The Affordable Connectivity Program's (ACP) funding is declining, leaving New Yorkers wondering how they will afford broadband internet in their homes.
BlackRock and Saudi Arabia's PIF launched BRIM, a $5 billion investment platform in Riyadh. The platform aims to boost foreign investment, support local markets, and foster economic transformation.
Ryan Reynolds and Rob McElhenney, known for owning Wrexham AFC, have acquired a stake in Mexican soccer team Club Necaxa.
NEOM, a subsidiary of Saudi Arabia's sovereign wealth fund, secures new financing finality. Tarek Qaddumi (R), executive director of the Saudi Arabia mega-project NEOM, gestures at a map showing NEOM sites as he stands beside Nicholas Ho (L), the top Hong Kong official responsible for implementing China's Belt and Road Initiative, at an exhibition at the M+ museum for visual culture in Hong Kong on April 19, 2024.
