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Monday, November 24, 2025
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Samsung to get $6-7 billion in chip subsidy next week for Texas expansion, sources say

By Alexandra Alper WASHINGTON (Reuters) - The Biden administration plans to announce it is awarding between $6 billion and $7 billion to South Korea's Samsung next week to expand its chip output in

Atos seeks over $1 billion in new funds, Bloomberg reports

(Reuters) - Crisis-hit French IT consulting firm Atos SE is seeking more than 1 billion euros ($1.09 billion) in new funds and plans to cut its current debt pile by at least half, Bloomberg News

Swiss National Bank’s Jordan against issuing retail cenbank digital currency

ZURICH (Reuters) - The Swiss National Bank sees no need for a central bank digital currency (CBDC) to be issued to the general public, Chairman Thomas Jordan said on Monday. "Consumers and businesses

Tesla’s Musk predicts AI will be smarter than the smartest human next year

(Reuters) - Tesla Chief Executive Elon Musk on Monday said artificial intelligence that was smarter than the smartest human probably would be developed next year, or possibly the next. In a wide

AI could add 1 million tons to copper demand by 2030, says Trafigura

By Pratima Desai LAUSANNE, Switzerland (Reuters) - Copper demand linked to artificial intelligence and data centres could add up to one million metric tons by 2030 and exacerbate supply deficits

Perion slides after slashing 2024 revenue forecast on Microsoft Bing changes

By Jaspreet Singh (Reuters) -Perion Network's U.S.-listed shares plunged more than 35% on Monday, after the Israeli ad tech firm cut its annual revenue forecast, driven by a drop in search advertising

Italian state lender to invest 1 billion euros in 5 years in AI

ROME (Reuters) - The venture capital arm of Italy's Cassa Depositi e Prestiti (CDP) will invest 1 billion euros ($1.1 billion) over the next five years in artificial intelligence (AI) and

Microsoft to launch AI hub in London

(Removes duplicated "has" in the first paragraph) By Martin Coulter LONDON (Reuters) -Microsoft has announced plans for a new artificial intelligence (AI) hub in London, focused on product development

Perion slides as ad tech firm slashes 2024 forecast on Microsoft Bing changes

(Reuters) - Perion Network's U.S.-listed shares plunged more than 35% premarket on Monday, after the Israeli ad tech firm cut its annual revenue forecast, driven by a drop in search advertising due to

Model N signs $1.25 billion go-private deal with Vista Equity

(Reuters) - Healthcare IT firm Model N said on Monday it has entered into an agreement to be taken private by investment firm Vista Equity Partners for about $1.25 billion, sending its shares up 9.3%

On Camera

DPDP Act will change how we interact with the internet. Get ready for the consent mails

India does not have a data protection regulator to make good on the DPDP Act’s promise and articulate clear future standards.

At Charcha 2025: Local entrepreneurship, not just big IT, will drive next wave of distributed AI work

While global corporations setting up GCCs in India continue to express confidence in availability of skilled AI engineers, the panel argued that India’s real challenge lies elsewhere.

US pilot says his team pulled out of Dubai Air Show after Tejas crash out of respect for IAF pilot

Taylor ‘Fema’ Hiester, commander of USAF F-16 Viper Demo Team, hit out at air show organisers for continuing with the show after Wing Commander Namansh Syal lost his life in the incident.

A tribute to Tejas. India’s delay culture is the real enemy in the skies

It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.