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Monday, September 30, 2024
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Intel awarded up to $3 billion from US for national security related chip production

(Reuters) -The Biden Administration on Monday awarded Intel Corp up to $3 billion from the CHIPS and Science Act to develop a "Secure Enclave" for microelectronics, which are a critical component to a

Exclusive-Vista, Blackstone nearing $8-billion deal to buy Smartsheet, sources say

By Milana Vinn and Mike Spector NEW YORK (Reuters) - Buyout firms Vista Equity Partners and Blackstone are in advanced talks to acquire Smartsheet, in a deal that could value the

Intel gets up to $3 billion from US for Secure Enclave

(Reuters) - President Joe Biden's administration said on Monday that Intel Corp has been awarded up to $3 billion in direct funding under the CHIPS and Science Act for the Secure Enclave program. (

Amazon mandates five days a week in office starting next year

(Reuters) -Amazon.com said on Monday it would require employees to return to the office five days per week, effective Jan. 2, 2025. "We are also going to bring back assigned desk arrangements in

VR and AR headsets demand set to surge on AI, lower costs, IDC says

(Reuters) - Global shipments for augmented and virtual reality (AR/VR) headsets are expected to grow 41.4% in 2025, powered by more affordable devices and addition of artificial intelligence features,

Top commercial banks join G7-led central bank digital currency trial

By Marc Jones LONDON (Reuters) - Forty of the world's leading commercial banks have joined a G7-led pilot scheme with the New York Fed and leading central banks from Europe, Korea and Japan for a new

Fintech Clara taps new finance head as Brazil operations grow ‘quickly’

SAO PAULO (Reuters) - Latin American fintech Clara has tapped one of its earliest angel investors as the firm's new finance director, it told Reuters on Monday, as operations in top market Brazil

AI experts ready ‘Humanity’s Last Exam’ to stump powerful tech

By Jeffrey Dastin and Katie Paul (Reuters) - A team of technology experts issued a global call on Monday seeking the toughest questions to pose to artificial intelligence systems, which increasingly

TikTok faces tough questions from court over challenge to US law

By David Shepardson WASHINGTON (Reuters) -A lawyer for TikTok and Chinese parent company ByteDance faced tough questions on Monday as a U.S. appeals court heard arguments in their lawsuit seeking to

Apple shares slip as shorter iPhone 16 shipping times signal soft demand

(Reuters) - Shares of Apple fell nearly 3% on Monday after several analysts said that delivery times for the new iPhone 16 Pro models indicated weaker-than-expected demand, possibly due to the delayed

On Camera

No more lip service on UNSC reforms—it’s time to form an implementation roadmap

Most of the UNSC’s failures stem from the use of veto power by the P5. In a world that champions democracy, the UNSC is inherently the most undemocratic entity possible.

10 yrs ago, battery leasing failed to boost demand for EV cars in India. Now, it’s making a comeback

Under this model, battery is provided to EV owners on a subscription basis or lease. With more people open to buying EV cars, the lower upfront cost could likely drive wider acceptance.

Morocco signs pact with Tata for joint manufacture of WhAP Infantry Fighting Vehicle

The armoured platform is India's first amphibious infantry combat wheeled vehicle. Last year, the Royal Moroccan Armed Forces had procured 90 military trucks from the Tata Group.

Islam doesn’t kill democracy. The army-Islam combo does

How come Indonesia, Malaysia, Turkey and Sri Lanka remain constitutional, democratic and stable despite Islam and Buddhism respectively, but Pakistan, Bangladesh and Myanmar don’t?