Microsoft is setting a monumental precedent with its announcement to allocate $80 billion for the construction of data centers tailored for artificial intelligence (AI) workloads in fiscal 2025. This investment is particularly significant, with over half earmarked for projects within the United States. The tech giant’s Vice Chair and President, Brad Smith, made the revelation
Enterprise
Recent data released by the China Academy of Information and Communications Technology (CAICT) has revealed alarming trends for foreign phone brands operating in China. November 2023 witnessed an astounding 47.4% drop in foreign mobile phone shipments, plummeting to just 3.04 million units, a stark contrast compared to the same month last year. This downturn reflects
The cryptocurrency landscape is witnessing a resurgence as the new year unfolds, shaking off the remnants of recent downturns in price and sentiment. Investors have returned to the market with newfound confidence, causing noteworthy upticks in several major cryptocurrencies. Bitcoin, acknowledged as the benchmark digital currency, saw its value rise by 3% to reach approximately
In a notable shift within the corporate hierarchy, Meta, the parent company of Facebook, has announced the transition of leadership in its global affairs division. Nick Clegg, who has served as the President of Global Affairs since 2018 and previously held the position of Britain’s Deputy Prime Minister, is stepping down. Clegg will be succeeded
As we enter a new era driven by rapid technological advancement and shifting economic landscapes, CNBC is gearing up to unveil its esteemed 2025 Disruptor 50 list. This initiative, now in its thirteenth year, highlights the most groundbreaking venture-backed companies that are utilizing innovative technologies to tackle emerging consumer needs and economic challenges. The submission
As Tesla concluded its fourth quarter of 2024, the company presented a mixed bag of results, reflecting an industry grappling with rapid changes and escalating competition in the electric vehicle (EV) market. With total deliveries reported at 495,570 for the last quarter and annual figures revealing a downturn in growth from 2023, Tesla must address
As the celebration of the Chinese New Year approaches, Apple Inc. has adopted a notable shift in its pricing strategy within the fiercely competitive Chinese market. Historically, Apple has maintained a premium pricing stance, opting against direct discounts through its own retail channels. However, given the recent intensification of competition—most notably from domestic rival Huawei—Apple
The cryptocurrency market is notorious for its volatility, and 2024 has been no exception. However, this year marked a notable chapter in the saga of Bitcoin, which emerged as the star asset class, showcasing a dramatic rise in value alongside a wave of optimism surrounding new exchange-traded funds (ETFs) and regulatory changes anticipated under a
In a pivotal announcement, Alibaba has revealed a significant reduction in prices for its large language models (LLMs) by up to 85%, as shared through a WeChat post by Alibaba Cloud, the company’s cloud computing arm. This aggressive pricing strategy aims to enhance the appeal of its visual language model, Qwen-VL, which enables the integration