Germany is preparing a new wave of defence spending as lawmakers move toward approving €2.9 billion for 11 procurement contracts that support a wide stretch of domestic military manufacturing. The planned approvals are expected at a closed-door meeting next week, marking another step in Germany’s attempt to rebuild its armed…
Japan is moving ahead with a new spending plan to reinforce its long-term strategy for artificial intelligence and semiconductor development. The government has outlined an extra budget of about ¥252.5 billion, reports Bloomberg, which is smaller than last year’s package but reflects a shift in approach. Instead of relying on…
Boohoo share price went parabolic on Thursday, its best trading day in years. The 57% surge after the company published encouraging financial results and after a rare bullish pattern concluded. It rose to a high of 18.30p, its highest point since July this year.Boohoo share price soars as turnaround continuesBoohoo…
Baidu is expanding its artificial intelligence chip strategy as China accelerates efforts to reduce its reliance on Nvidia technology. The country’s tech giants continue to report strong demand for AI computing, but access to advanced chips has tightened due to export restrictions and global shortages. This environment has pushed Chinese…
China’s Baidu has begun large-scale layoffs that could reshape its workforce structure, as the company faces intensifying competition in artificial intelligence and shrinking advertising revenue, six people with knowledge of the matter said, Reuters reported. The reductions, which started this week, are expected to continue until the end of the…
Global investment in geothermal energy is set to soar, with capital expenditure (capex) projected to climb by approximately 20% annually through 2030, according to the latest analysis from Rystad Energy.The growing momentum in geothermal energy, which harnesses heat from the earth’s depths, is expanding its reach beyond established centers in…
Shoppers across the UK heading into the Black Friday weekend are entering one of the most vulnerable points in the financial year, according to new research from Compare the Market. The findings show that this single retail moment accounts for a significant share of annual scams, as criminals exploit seasonal…
OpenAI’s rapidly growing infrastructure requirements are driving a surge of borrowing among its partners, pushing total debt tied to the company close to $100 billion, reported Financial Times. The arrangement allows the artificial intelligence group to scale its computing capacity without assuming equivalent financial liabilities itself — a circular funding…
The artificial intelligence sector has entered a new phase of rivalry and rebalancing, with Google unexpectedly emerging as this quarter’s disruptive force. Investors, analysts and technology partners are now reassessing whether Alphabet is poised to reassert dominance in an industry long shaped by Nvidia and OpenAI, as the debut of…
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