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France has chosen Scaleway, a domestic cloud provider, to host its Health Data Hub. This decision replaces Microsoft Azure. The move follows new laws mandating sensitive data be hosted on sovereign infrastructure. Scaleway will now secure health records for millions of French citizens. This contract
Tesla CEO Elon Musk is seeking investor confidence for ambitious ventures in self-driving cars and humanoid robots. The company is significantly increasing its capital expenditure to over $25 billion by 2026. This spending targets artificial intelligence, robotaxis, and robotics. Tesla anticipates n
Britain is probing the appearance of UK Biobank data on China's Alibaba. The health charity's anonymised data from 500,000 volunteers was listed for sale. The government confirmed the listings were removed and no purchases were made. Access to the data has been paused. The Information Commissioner's
Karnataka's IT/BT department, via KITS, has partnered with Ideabaaz Tech to bolster startups with mentorship, investor access, and market linkages. This collaboration aims to foster innovation across various sectors and expand entrepreneurial activity beyond Bengaluru, supporting startups from early
Expedia Group has appointed Derek Andersen as its new finance chief. Andersen, formerly with Snapchat parent Snap, will assume his new role on May 11. He will report to CEO Ariane Gorin. This leadership change occurs as the online travel industry faces potential disruption from AI. Outgoing CFO Scot
Applied Digital secured a long-term lease worth $7.5 billion has been signed with an unnamed US hyperscaler. This agreement covers three hundred megawatts of computing capacity at the Delta Forge one site. The company also expects to secure up to six hundred million dollars in financing.
Infosys has approved significant equity-based compensation grants for CEO Salil Parekh and other employees, totaling Rs 51.75 crore for Parekh. These grants, including Restricted Stock Units (RSUs) and Performance Stock Units (PSUs), are linked to various performance metrics and ESG targets. The com
Karnataka government is considering a policy for bike taxi services. This comes even as the state challenges a High Court order allowing these services in the Supreme Court. The government cites technical flaws in the High Court's decision. Bike taxi operators have expressed concern over the lack of
SpaceX estimates that its total addressable market - a closely watched metric - could be as much as $28.5 trillion, according to a S-1 filing reviewed by Reuters. TAM is the maximum revenue a company could generate if it captured every customer in a particular market.
Infosys partners with OpenAI to integrate advanced AI tools into enterprise software projects. This collaboration aims to move AI from experimentation to practical deployment, enhancing software engineering and modernization. The partnership focuses on improving productivity and accelerating deliver
Thousands of Samsung Electronics workers rallied Thursday at its computer chip complex in Pyeongtaek, South Korea, demanding higher bonuses and threatening to strike as booming demand for artificial intelligence drives up memory-chip profits.
Coforge has completed the acquisition of Silicon Valley-based AI firm Encora for an enterprise value of $2.5 billion. To fund the transaction, it has secured a three-year loan facility of $550 million at a fixed interest rate of 4.6%.
Nokia's CEO raises an alarm about Europe's lagging status in the development of AI data centers, warning that inadequate infrastructure and low investments could push businesses towards the more adaptive environments of the US and China. He also points out the ongoing regulatory and energy supply ch
Eternal's Zomato app has 24 million consumers and 300,000 listed restaurants. As demand for food delivery boomed, Eternal shares have more than doubled since their 2021 listing and the company is valued at nearly $26 billion.
Bain Capital is reportedly seeking to offload at least 40% of Bridge Data Centres, valuing the Singapore-based firm at $5 billion. This move comes amid a surge in Asian data centre investments, driven by booming demand for cloud and digital services. Indicative bids are due by the middle or end of
China's automotive industry is aggressively expanding overseas due to a saturated domestic market and a fierce price war. With a significant increase in car exports, companies like Xpeng are targeting global growth, aiming for over 50% of their revenue to come from outside China within a decade, inc
Starbucks is cutting jobs in its technology division. This move is part of a larger restructuring plan. Some Seattle tech roles will move to Nashville. The company is making these changes under new leadership to improve operations and sales. Further workforce adjustments are anticipated.