Billion

The government of Saudi Arabia plans to create a fund of about $40 billion to invest in artificial intelligence, according to three people briefed on the plans - the latest sign of the gold rush toward a technology that has already begun reshaping how people live and work.In recent weeks, representatives of Saudi Arabia's Public Investment Fund have discussed a potential partnership with Andreessen Horowitz, one of Silicon Valley's top venture capital firms, and other financiers, said the people, who were not authorized…

The bid comes as an independent committee of the company’s directors is reviewing another offer from Skydance Media to merge with all of Paramount. The bid comes as an independent committee of the company’s directors is reviewing another offer from Skydance Media to merge with all of Paramount. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All…

The Biden administration has reached an agreement to provide Intel with up to $8.5 billion in direct funding and $11 billion in loans for computer chip plants in Arizona, Ohio, New Mexico and Oregon.President Joe Biden plans to talk up the investment on Wednesday as he visits Intel’s campus in Chandler, Arizona, which could be a decisive swing state in November’s election. He has often said that not enough voters know about his economic policies and suggested that more would support him if they did know.Commerce Secretary…

Intel is getting a huge boost from the US government under the CHIPS and Science Act. The company could get up to $8.5 billion in direct funding from the government, according to the preliminary agreement it has reached with the Department of Commerce. That money will go towards the chipmaker's efforts to expand its manufacturing facilities in the United States, particularly plants designed to make leading-edge semiconductor chips meant for use in AI and other advanced applications.The government's investment is expected…

Spotify paid out $9 billion in streaming royalties last year, the streaming giant said Tuesday in its latest “Loud and Clear” report.Spotify’s fourth annual report, which originally launched in 2021 following criticism over its lack of transparency, noted record accomplishments, including the highest annual payment from any retailer to the music industry.“This is everything we know about how much is being paid out, how many artists are achieving different levels of success,” says Charlie Hellman, the vice president and…

Pfizer is raising around $4.27 billion from the sale of part of its stake in consumer-healthcare business Haleon. Pfizer is raising around $4.27 billion from the sale of part of its stake in consumer-healthcare business Haleon. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their…

The Nigerian government has flagged off a N40 billion mass metering project to end the era of estimated billings in the Nigerian Army formations nationwide. Bolaji Tunji, special adviser on strategic communication and media relations to the Minister of Power, Adebayo Adelabu, disclosed this in a statement on Sunday. “The Federal government has begun the mass metering of the Nigerian Army formations nationwide with a promise to end the era of estimated billings in the power sector,” Mr Tunji said. Speaking during…

The rout came after it was reported that an Illinois jury ordered the company’s Mead Johnson unit to pay $60 million in compensation related to the death of a premature baby fed Enfamil. The rout came after it was reported that an Illinois jury ordered the company’s Mead Johnson unit to pay $60 million in compensation related to the death of a premature baby fed Enfamil. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s…

Autonomous vehicle software company Applied Intuition has raised $250 million in a round that values the startup at $6 billion, as it pushes to bring more artificial intelligence to the automotive, defense, construction and agriculture sectors. The eye-popping funding round is the latest example of investor fervor for AI. Applied Intuition appears to have nailed a particular sweet spot for VCs who are on the hunt for startups with AI products that cross into large industries with big budgets —…

Alumina said its independent nonexecutive directors and CEO recommend shareholders vote in favor of the proposed takeover. Alumina said its independent nonexecutive directors and CEO recommend shareholders vote in favor of the proposed takeover. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all…