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Reuters12d agoneutral
Qatar's Ooredoo leads $800 million investment in AI platform Zankore

Qatari telecommunications services provider Ooredoo is expanding its AI computing ambitions through an investment in ‌Zankore, a dedicated AI compute and neocloud platform being ‌developed with Indosat Ooredoo Hutchison, Nokia and Nvidia, it said on Thursday. As founding shareholder and lead investor with a 49% stake, Ooredoo will commit about $800 million to Zankore's launch and initial development • The initial investment is expected to contribute approximately $600 million in cumulative ‌EBITDA over its first ⁠five years, according to current estimates • Zankore, which will initially be developed in Indonesia before expanding ⁠across Southeast Asia, is targeting 1 gigawatt of NVIDIA DSX A...

Celsius Q2 Earnings Call Highlights
MarketBeat12d agoneutral
Celsius Q2 Earnings Call Highlights

Celsius (NASDAQ:CELH) reported second-quarter revenue of $818 million, up approximately 11% from a year earlier, as growth at Alani Nu and the completed integration of Rockstar helped offset declines in the core Celsius brand. Chairman and Chief Executive Officer John Fieldly said the company compl

Ford's new EV truck Fathom to be priced starting at about $28,000
Reuters12d agoneutral
Ford's new EV truck Fathom to be priced starting at about $28,000

DETROIT, Aug 6 (Reuters) - Ford Motor said on Thursday that its upcoming midsize electric pickup truck would ‌be priced starting at about $28,000 and named Fathom, as the ‌Michigan automaker looks to offer an affordable model in a market full of ​pricey EVs. • Ford has approached development and manufacturing of this vehicle from the ground up, assembling a specialized team in California aimed at competing with rivals like Tesla and China's BYD.

Bloomberg12d agoneutral
Microsoft Opens Fourth Data Center Region in India for Azure

(Bloomberg) -- Microsoft Corp. announced its fourth data center region in India is up and running as part of a broader $20.5 billion investment in the country to build out cloud and artificial intelligence capabilities. Most Read from BloombergIran Says Agreement on Hormuz Shipping Reached With OmanGoogle AI Veterans Depart During Seismic Leadership ShiftMicrosoft’s AI Sales Mostly Come From OpenAI, Disclosures ShowMajor Hedge Funds Targeted in Wave of Attempted CyberattacksWhy Do Data Centers U

Alphabet seeks up to $25 billion from its latest bond sale, Bloomberg News reports
Reuters12d agoneutral
Alphabet seeks up to $25 billion from its latest bond sale, Bloomberg News reports

Alphabet is looking to raise as much as $25 billion from its ‌latest U.S. bond offering, Bloomberg News reported ‌on Thursday citing people familiar with the matter, weeks ​after the tech giant's 2026 capital spending outlook triggered a selloff. Alphabet ⁠did not immediately respond to a Reuters request for comment. Alphabet late ‌in July raised its ​annual capital expenditure forecast for ​the second time ​this year, fanning fears over the ‌pace of returns on ​its AI investments, ​especially as concerns mount over delays to its flagship AI model.

Bloomberg12d agoneutral
US Says Oklo’s Small Nuclear Reactor Reaches ‘Criticality’

(Bloomberg) -- Oklo Inc.’s small modular reactor has reached a key milestone, the Energy Department announced Thursday.Most Read from BloombergIran Says Agreement on Hormuz Shipping Reached With OmanGoogle AI Veterans Depart During Seismic Leadership ShiftMicrosoft’s AI Sales Mostly Come From OpenAI, Disclosures ShowMajor Hedge Funds Targeted in Wave of Attempted CyberattacksWhy Do Data Centers Use So Much Fresh Water?Oklo’s Groves Isotope Test Reactor in Texas reached “criticality,” which occur

Pressured by Tesla, European regulators keep 'Full Self-Driving' safety data secret
Reuters12d agoneutral
Pressured by Tesla, European regulators keep 'Full Self-Driving' safety data secret

Aug 6 () - Four months ago, the Netherlands approved Tesla’s Full Self-Driving (FSD) system and has since then advocated for its adoption across the EU. But Dutch road regulator RDW won’t tell the public why it concluded the driver-assistance system is safe or how it evaluated the technology, which for years has faced regulatory investigations and lawsuits over FSD-involved crashes in the United States.

Microsoft opens its largest India data center hub as AI race heats up
Reuters12d agoneutral
Microsoft opens its largest India data center hub as AI race heats up

Microsoft launched its largest India data center in Hyderabad on Thursday and has signed up ‌Adani Group and HDFC Bank among early users ‌as it races rivals for the country's fast-growing AI market. The Windows maker has ‌committed about $20.5 billion to ⁠expand its India opreations, betting on a market of more than 1 billion internet users and ⁠one of the world's deepest pools of tech talent. • Azure, Microsoft's cloud-computing arm, has posted double-digit revenue ​increases in ​India for the last two ​years, the company said.