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US awards $1.5 billion to GlobalFoundries for domestic semiconductor production

By Doina Chiacu WASHINGTON (Reuters) - The U.S. government is awarding $1.5 billion to GlobalFoundries to expand semiconductor production, the Biden administration said on Monday, in a bid to

Chinese EV maker Xpeng to hire 4,000, invest in AI

SHANGHAI/BEIJING (Reuters) - Chinese electric vehicle maker Xpeng said it would hire 4,000 this year and invest millions in artificial intelligence, as it seeks to survive what it describes as a "

Why Noida & Greater Noida are emerging as data centre hotspots — UP govt support, demand in north

India will require a 6-fold increase in data centre capacity by 2029, involving investment of Rs 1.5 lakh crore. Maharashtra, TN & UP are offering policies to tap into this opportunity.

Nintendo shares slide on reports of delayed Switch successor release

TOKYO (Reuters) - Nintendo shares fell 6% on Monday after reports by games media and Bloomberg that its next-generation console will be delayed until early 2025 from later this year. While Nintendo

EU poised to fine Apple about 500 million euros, FT reports

(Reuters) -The European Union is set to fine Apple about 500 million euros ($539 million) over alleged breaches of EU competition law, the Financial Times reported on Sunday citing unnamed sources.

EU to fine Apple around 500 million euros over music streaming, FT reports

(Reuters) - The European Union is set to impose a fine in the range of 500 million euros ($539 million) on Apple for allegedly breaking EU law over access to its music streaming services, the

Reddit signs content licensing deal with AI company ahead of IPO, Bloomberg reports

(Reuters) - Reddit has signed a contract allowing an Artificial Intelligence (AI) company to train its models on the social media platform's content, Bloomberg News reported, citing people familiar

US considering more than $10 billion in subsidies for Intel – Bloomberg News

(Reuters) - The Biden administration is in talks to award more than $10 billion in subsidies to Intel Corp, Bloomberg News reported on Friday, citing people familiar with the matter. The Department of

OpenAI valued at $80 billion after deal, NYT reports

(Reuters) -Microsoft-backed OpenAI has completed a deal that values the artificial intelligence company at $80 billion or more, the New York Times reported on Friday, citing three people with

High-flyer Super Micro shares hit record, then sink 20%

By Sinéad Carew (Reuters) -Shares in Super Micro Computer Inc finished down 20% on Friday after hitting a record high earlier in the day as investors took a break after betting on the stock as a big

On Camera

Juna Akhara honour for Dalit saints shows Hindus’ RRR ability—reorganise, reinvent, reform

By appointing Scheduled Caste and Scheduled Tribe saints to leadership roles, the Juna Akhara reaffirms its commitment to the principles of equality and inclusivity that Adi Shankaracharya advocated.

Air India reduces baggage allowance by 5-15 kg, bringing it in line with rest of industry

Air India’s new policy, effective from 2 May, introduces new weight limits for tickets in each of the different 'fare families' — Comfort, Comfort Plus, and Flex.

Three Indian Navy ships deployed to South China Sea

Deployment comes at a time when Yuan Wang 03, a Chinese missile and satellite tracking vessel, has entered Indian Ocean Region.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.