Thailand Eyes $15 Billion in Investment After PM’s Global Pitch:
bloomberg.com/news/articles/2024-03-26/thailand-eyes-15-billion-in-investment-after-pm-s-global-pitch
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| Last Updated | Mar 27 |
| Total Articles | 6 |
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Asia Hawks on Alert After Indonesia Shock Rate Hike to Defend Rupiah (IDR USD): Investors are looking for the next policy domino to fall in Asia amid an ...
bloomberg.com/news/articles/2024-04-25/asia-s-hawks-get-put-on-alert-after-indonesia-s-shock-rate-hike
Thai Banks Cut Rate for Some Borrowers After Pressure From PM: Thailand’s biggest commercial banks agreed to temporarily lower borrowing costs for vulnerable ...
bloomberg.com/news/articles/2024-04-25/top-thai-banks-to-cut-interest-rate-after-pm-calls-for-relief
Thailand urges bigger ASEAN role in resolving Myanmar conflict: Thailand called on Friday for the regional bloc ASEAN to take a more proactive role in trying to ...
reuters.com/world/asia-pacific/thailand-urges-bigger-asean-role-resolving-myanmar-conflict-2024-04-26/
Sequoia commits to backing Elon Musk’s xAI start-up: Venture capital firm is among investors that entrepreneur is wooing as he seeks to gain ground on rivals
ft.com/content/fc8355e6-3219-4681-a4da-73feca50cd8a
Quick Glance: Sequoia backs Elon Musk’s xAI venture
- Sequoia Capital, a well-known venture capital firm in Silicon Valley, has committed to supporting Elon Musk's artificial intelligence start-up xAI to help him raise billions and compete with OpenAI, Meta, and Google.
- The exact amount of Sequoia's investment in xAI remains undisclosed.
- Sequoia, an early investor in Google, YouTube, and Apple, has backed several Musk projects in recent years, including The Boring Company and SpaceX.
Biden: We're gonna be sending equipment to Ukraine in the next few hours: US President Joe Biden has announced that the first batch of aid to Ukraine under the ...
pravda.com.ua/eng/news/2024/04/24/7452796/
Quick Glance: Biden signs Comprehensive Military Aid Package for Ukraine, Israel, and Taiwan
- President Biden announces the signing of a substantial $95 billion military assistance package for Ukraine, Israel, and Taiwan, with a significant portion of the funds directed towards Ukraine.
- Despite initial resistance from Republicans in Congress, Biden has signed the aid package, highlighting the reinforcement of allies and ensuring prompt deliveries to Ukraine.
- The assistance for Ukraine includes weapons and military equipment valued at around $1 billion, encompassing artillery shells and air defense missiles.
- Military analysts do not foresee significant changes on the frontlines in eastern Ukraine, while the US support aims to aid Ukraine in operations in southern Ukraine, particularly focusing on Crimea and the Black Sea.
The Chips Act has been surprisingly successful so far: More than halfway through its incentives spending, the US will have far greater scope to manage shocks
ft.com/content/26756186-99e5-448f-a451-f5e307b13723
Nomura profits surge as Japan’s stock market breaks bubble-era record: Investment bank and brokerage boosted by soaring stock and fixed-income trading
ft.com/content/1b2ec092-ed94-4624-9c8f-3a80e76b894a
Honda to set up $11 bln electric vehicle, battery plants in Canada: Honda Motor plans to invest C$15 billion ($11 billion) in new EV and battery production ...
reuters.com/business/autos-transportation/honda-set-up-11-bln-ev-production-base-canada-2024-04-25/
Quick Glance: Honda to Establish $11 Bln EV, Battery Plants in Canada
- Honda plans to invest C$15 billion in new EV and battery production plants in Ontario alongside existing facilities to support the growth of North American demand for EVs.
- Production is set to start by 2028, with an annual capacity of up to 240,000 EVs and 36 gigawatt-hours for batteries to achieve the goal of having all North American sales from Honda be either EVs or fuel cell vehicles by 2040.
- The Canadian government and Ontario province intend to support Honda with around C$5 billion, with Honda contributing 60%-70% of the total investment to reduce costs by more than 20%.
- Honda will also collaborate with companies like Asahi Kasei and POSCO to further lower production costs and strengthen the EV supply chain in Canada, leading to an increase in jobs and economic growth.
The Sports Bra announces plans to franchise with investment from Reddit co-founder Alexis Ohanian
oregonlive.com/sports/2024/04/the-sports-bra-announces-plans-to-franchise-with-investment-from-alexis-ohanian.html
Quick Glance: The Sports Bra Announces Franchising Plans with Investment from Reddit Co-Founder Alexis Ohanian
- The Sports Bra, a now-iconic Portland destination that made history as the first women’s sports bar in the world, has announced plans to franchise and expand into other cities.
- Investment from Reddit co-founder Alexis Ohanian - the husband of tennis legend Serena Williams - will fund the effort in partnership with Ohanian’s 776 Foundation. All returns from the investment will be invested back into girls’ and women’s sports via the foundation, the Sports Bra wrote in a post on Instagram.
- Owner Jenny Nguyen opened The Sports Bra in Portland in 2022, and the business thrived in a city and state that has consistently showcased strong support for women’s sports.
- But the growing hype around women’s sports is not unique to Portland. The popularity of women’s professional sports has seen a significant national uptick thanks, in part, to the emerging stardom of athletes like Sophia Smith, Caitlin Clark and others.
Thailand Plans for First Post-Coup Senate Election, Referendum: Thailand will start the process to elect new senators next month, in an exercise that will make ...
bloomberg.com/news/articles/2024-04-23/thailand-plans-for-first-post-coup-senate-election-referendum
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Thailand's Bitkub aims for ASEAN expansion with 2025 listing : BANGKOK -- The founder of Thailand's leading cryptocurrency exchange says its ...
asia.nikkei.com/Business/Markets/IPO/Thailand-s-Bitkub-aims-for-ASEAN-expansion-with-2025-listing
Paid articlePaid Thailand's $13.5 billion digital wallet stimulus policy was given cabinet approval, Prime Minister Srettha Thavisin said, clearing another hurdle for the ...
reut.rs/49UbiNc
Thai PM asks top banks to lower interest rates to help economy: Thailand's Prime Minister Srettha Thavisin on Tuesday said he had asked the country's four ...
reuters.com/markets/asia/thai-pm-asks-banks-top-lower-interest-rates-help-economy-2024-04-23/
Temperature feels like 52 degrees: Thai authority warns of extreme heat in Bangkok
spiegel.de/panorama/thailaendische-behoerde-warnt-vor-extremhitze-in-bangkok-a-22c2d33e-90a3-49b1-9705-3b0e87216e9a
Equities platform Midas raises $45M Series A as fintech retains its sparkle in Turkey
techcrunch.com/2024/04/19/equities-platform-midas-raises-45m-series-a-as-fintech-retains-its-sparkle-in-turkey/
Quick Glance: Midas Raises $45M in Series A Funding
- A fintech startup called Midas has successfully raised $45 million in a funding round led by Portage Ventures of Canada. This enables investors in Turkey to invest in US and Turkish equities.
- With over 2 million users in Turkey's retail market, Midas offers lower transaction and commission fees for Turkish customers. Additionally, the company provides financial content, real-time stock market data and news, as well as company profiles to educate the market.
- The new funding is intended to introduce three new products: cryptocurrency trading, mutual funds, and savings accounts. Midas plans to expand beyond Turkey and target countries in the MENA region.
- Other participants in the round included International Finance Corporation, Spark Capital, Earlybird Digital East Fund, and Revo Capital. Previously, Midas had already completed a $11 million seed round in 2022 and aims to strengthen its presence in the Turkish financial sector.
Myanmar rebel group says it withdraws from key town on Thai border: A Myanmar rebel group has withdrawn its troops from a town along the Thai border following a ...
channelnewsasia.com/asia/myanmar-junta-military-rebel-group-says-withdraws-key-town-thailand-border-4287941
Groups From Middle East, China Look to Build World’s Tallest Tower in Thailand: A group of investors led by a Dubai-based real estate developer is in talks to ...
bloomberg.com/news/articles/2024-04-19/groups-from-middle-east-china-look-to-build-world-s-tallest-tower-in-thailand
Paid articlePaid Thailand, Kazakhstan Agree on Visa Waiver Pact to Boost Tourism: Thailand will sign a permanent bilateral visa waiver agreement with Kazakhstan next week ...
trib.al/anuVvRo
Vietnam surpasses India and Thailand and now becomes biggest rice supplier for Singapore
thestar.com.my/aseanplus/aseanplus-news/2024/04/20/vietnam-surpasses-india-and-thailand-and-now-becomes-biggest-rice-supplier-for-singapore
Chinese Warships in Cambodia Fuel Fresh Concerns as Wang Visits: China’s top diplomat has pledged to further boost security ties with Cambodia during a visit ...
bloomberg.com/news/articles/2024-04-22/chinese-warships-in-cambodia-fuel-fresh-concerns-as-wang-visits
Alexis Ohanian makes an unprecedented investment in women’s track: Seeing “tremendous upside” in the sport, the billionaire is funding a women-only event this ...
washingtonpost.com/sports/olympics/2024/04/23/alexis-ohanian-is-funding-women-only-track-event-this-fall/
Treasurer Jim Chalmers wants stronger foreign investment rules. What does that mean?
smh.com.au/national/treasurer-jim-chalmers-wants-stronger-foreign-investment-rules-what-does-that-mean-20240425-p5fmge.html
Thailand, New Zealand to Resume Direct Flights, Elevate Ties: Thailand and New Zealand have agreed to resume direct flights after the pandemic shut air ...
bloomberg.com/news/articles/2024-04-17/thailand-new-zealand-to-resume-direct-flights-elevate-ties
From footballer to Buddhist monk: Swedish ex-player’s incredible transformation detailed on his Instagram page
scmp.com/sport/football/article/3259457/footballer-buddhist-monk-swedish-ex-players-incredible-transformation-detailed-his-instagram-page
Toyota Makes $1.4 Billion EV Investment in Indiana Facility: The latest financing effort follows an additional $1.3 billion investment at its flagship Kentucky ...
wsj.com/business/autos/toyota-makes-1-4-billion-ev-investment-in-indiana-facility-594607ac
Google plans $3 bln data center investment in Indiana, Virginia: Alphabet unit Google said on Friday it would invest $3 billion to set up a data center campus in ...
reuters.com/technology/google-plans-3-bln-data-center-investment-indiana-virginia-2024-04-26/
Thailand Extends Longer Visa-Free Stay for Russians Until July to Boost Tourism: Thailand’s cabinet approved a plan to allow Russian tourists who enter the ...
bloomberg.com/news/articles/2024-04-23/thailand-extends-longer-visa-free-stay-for-russians-until-july-to-boost-tourism
Paid articlePaid
Red Shirt Leader’s Return Sparks Hope for Democratic Renewal in Thailand: Can the return of exiled politicians ignite hope for Thai democracy and reshape its ...
thediplomat.com/2024/04/red-shirt-leaders-return-sparks-hope-for-democratic-renewal-in-thailand/
"Man or woman - no matter!": Ex-Playmate is the new Bachelorette: When Stella Tiana Stegmann was named “Playmate of the Year” in “Playboy” in 2020 ...
n-tv.de/leute/Ex-Playmate-ist-die-neue-Bachelorette-article24887159.html
After an angry outburst in a restaurant: police arrest AfD politician in Thailand
n-tv.de/mediathek/videos/politik/Polizei-nimmt-AfD-Politiker-in-Thailand-fest-article24875161.html
Quick Glance: Alleged Thailand Island Incident: AfD Politician Briefly Detained by Police
- Niels Foitzik, AfD candidate, caused police interventions in Thailand.
- Foitzik denies drug use, claims health issues during incidents.
- Internal power struggles within Stuttgart AfD before local elections.
- Stuttgart AfD candidates oppose 'Seebrücke' and have extremist ties.
Myanmar refugees take shelter in Thailand's Mae Sot: Mae Sot has become an uneasy refuge for Burmese on the run, akin to Cold War-era Berlin or Casablanca.
bbc.com/news/world-asia-68823500
Toyota preps new large electric SUV, is this the Highlander EV we’ve been waiting for?
electrek.co/2024/04/25/toyota-preps-new-electric-suv-us-highlander-ev/
Life Along the Thai-Myanmar Frontier: The border town of Myawaddy has now fallen and ethnic rebels want negotiations with the Thai government.
thediplomat.com/2024/04/life-along-the-thai-myanmar-frontier/
Rebels raise flag at seized Myanmar base, commander confident of retaining control
reuters.com/world/asia-pacific/rebels-raise-flag-seized-myanmar-base-commander-confident-retaining-control-2024-04-15/
Meta’s stock plunges on ‘aggressive’ AI spending plans: Shares in Meta plunged in premarket trading Thursday as the company’s plans to “invest aggressively” in ...
cnn.com/2024/04/25/investing/meta-stock-plunges-ai-spending/
Quick Glance: Meta Quarterly Results: Revenue Expectations Lowered, Stock Fell
- Meta's quarterly results exceeded expectations, but the revenue forecast for the next quarter was lowered.
- Despite successful ad business and increasing user numbers, Meta's stock experienced a drop of over 10 percent.
- Analysts caution about Meta's reduced revenue expectations for the second quarter, leading to investor skepticism.
- Zuckerberg plans to significantly increase investments in AI models in the coming years to enhance Meta's leading position in the artificial intelligence domain.
UAE: Indians, Pakistanis among top investors in Sharjah property - News | Khaleej Times
khaleejtimes.com/uae/indians-pakistanis-among-top-investors-in-sharjah-property
Clashes resume near Thailand-Myanmar border town: Thai army : Clashes between the Myanmar junta and armed ethnic groups have broken out again near a vital trade ...
english.alarabiya.net/News/world/2024/04/20/clashes-resume-near-thailand-myanmar-border-town-thai-army-
Quick Glance: Refugees Flee Violence in Southeastern Myanmar
- Thousands of people from Myanmar’s Kayin (Karen) State have fled to Thailand to escape the fighting between the junta and ethnic Karen troops.
- The Karen National Liberation Army (KNLA) captured the last military outpost in Myawaddy, leading to retreat and reinforcement by junta forces.
- The battles intensified, causing an influx of refugees crossing the Moei River into Thailand, with Thai authorities offering humanitarian aid.
- Thailand is fortifying its border defenses and providing assistance to refugees as the situation remains tense along the border.
Google invests $640 mln in new data centre in Netherlands: Alphabet-owned Google is investing 600 million euros ($640.62 million) in a new data centre in the ...
reuters.com/technology/google-invests-640-mln-new-data-centre-netherlands-2024-04-23/
Danish Carlsberg Group to invest about US$50.5 million in Ukrainian business: The Danish Carlsberg Group will invest about UAH 2 billion (approx. US$50 ...
pravda.com.ua/eng/news/2024/04/24/7452793/
GDP growth slowed to a 1.6% rate in the first quarter, well below expectations: Real GDP was expected to increase 2.4% in the first quarter on a seasonally ...
cnbc.com/2024/04/25/gdp-q1-2024-increased-at-a-1point6percent-rate.html
Quick Glance: Unlikelihood of Fed Rate Cut Before Elections Disrupts Markets
- Investors cast doubt on a Fed rate cut before September.
- Expectations are now fully priced in for a rate cut on November 6-7.
- The shift in market expectations stemmed from inflation and growth data.
- There is now an estimated 75 percent likelihood of a Fed rate cut by September.
Thai divers seek to take on 'ghost gear' threatening marine life: Beneath the surface of the turquoise waters off a beach on Thailand's holiday island of Phuket ...
reuters.com/world/asia-pacific/thai-divers-seek-take-ghost-gear-threatening-marine-life-2024-04-19/
UAE: Some residents sell gold, jewellery as prices of yellow metal hit record - News | Khaleej Times
khaleejtimes.com/business/uae-some-residents-sell-gold-jewellery-as-prices-of-yellow-metal-hit-record
Bank of Thailand ignores Srettha's pressure to cut interest rate: BANGKOK -- When Thai Prime Minister Srettha Thavisin convened a meeting last week to ...
asia.nikkei.com/Spotlight/Market-Spotlight/Bank-of-Thailand-ignores-Srettha-s-pressure-to-cut-interest-rate
Paid articlePaidQuick Glance: Bank of Thailand Resists Pressure Amid Economic Discussions
- The Thai Prime Minister is urging the Bank of Thailand to cut interest rates to stimulate the economy.
- Anticipating inflation growth, the central bank delegates baht-weakening issues to the government.
- During a meeting to address the flagship stimulus program, the Prime Minister requested the presence of the Bank of Thailand's governor.
Thailand pitches to host Formula One race to bolster tourism: Thailand is staking claim to host a Formula One race, with Prime Minister Srettha Thavisin pitching ...
thestar.com.my/aseanplus/2024/04/22/thailand-pitches-to-host-formula-one-race-to-bolster-tourism
Apple says it wants to spend more on suppliers in Vietnam: Apple Inc wants to boost its investment in Vietnam, state media quoted the U.S ...
reuters.com/technology/apple-wants-spend-more-suppliers-vietnam-2024-04-16/
Myanmar junta launches heavy air strikes on the border with Thailand: The military junta in crisis-hit Myanmar has responded to the takeover of the important ...
thestar.com.my/aseanplus/aseanplus-news/2024/04/22/myanmar-junta-launches-heavy-air-strikes-on-the-border-with-thailand
South Korean firm looks at offshore wind investment: Shipbuilding giant HD Hyundai Heavy Industries is exploring investment opportunities in Scotland.
bbc.in/3U3iHDT
Salmon farm says tuk-tuk trial a success, ordering more: A salmon farm says using electric tuk-tuks on its canals has been so successful ...
rnz.co.nz/news/country/514678/salmon-farm-says-tuk-tuk-trial-a-success-ordering-more
Insurance: Comprehensive or third-party liability, what’s the difference?: Knowing the main difference is key to making a decision that works for you
gulfnews.com/your-money/community-tips/insurance-comprehensive-or-third-party-liability-whats-the-difference-1.1713455746424
Biden administration agrees to provide billions to Samsung to expand chip manufacturing in Texas
trib.al/UAwSwpn
Here's where the world's top 0.001% are putting their money, according to wealth experts
cnbc.com/2024/04/22/heres-where-the-worlds-0point001percent-are-putting-their-money-according-to-wealth-experts.html
Innovative prostheses offer hope on Thai-Myanmar border: MAE SOT, Thailand -- In a small workshop in western Thailand, Aung Tin Tun puts the finishing touches to ...
asia.nikkei.com/Life-Arts/Life/Innovative-prostheses-offer-hope-on-Thai-Myanmar-border
Apple plans to invest more than $250 mln to expand Singapore campus: Apple Inc plans to invest more than $250 million to expand its regional campus or operations ...
reuters.com/technology/apple-plans-invest-more-than-250-mln-expand-singapore-campus-2024-04-18/
Boss behind Scarborough’s newly-approved zip line hopes project can ‘get town buzzing’ with investment and jobs
thescarboroughnews.co.uk/news/politics/council/boss-behind-scarboroughs-newly-approved-zip-line-hopes-project-can-get-town-buzzing-with-investment-and-jobs-4592684
Why recycling metal is an opportunity too good to waste: Recycling energy-transition metals from battery, electric vehicles and renewable energy products offers ...
weforum.org/agenda/2024/04/why-recycling-metal-is-an-opportunity-too-good-to-waste/
Sony Reportedly in Talks to Join a Bid to Buy Paramount - IGN: Sony is reportedly in talks to join a joint bid with investment firm Apollo Global Management to ...
ign.com/articles/sony-reportedly-in-talks-to-join-a-bid-to-buy-paramount
Amazon to invest $11 billion in Indiana to build data centers: Amazon.com's cloud-computing arm said it would invest $11 billion in Indiana to build data centers ...
reuters.com/technology/amazon-invest-11-billion-indiana-build-data-centers-2024-04-25/
Thames Water could hike bills by £200 a year to help cut sewage spills: Bill set to hit £627 by 2030 to pay for investment projects
standard.co.uk/news/london/thames-water-bill-increase-sewage-spills-b1153027.html
BlackRock steps up security for Larry Fink after ‘anti-woke’ backlash: Asset manager’s chief has become a popular target for criticism over its ESG investing ...
ft.com/content/c1296bc4-978b-45c3-83db-c798d2439062
Everton Is Back on Market as Deal With 777 Partners Falters: With a proposed sale stalled seven months after it was announced, a financially strapped Premier ...
nytimes.com/2024/04/22/business/everton-sale-777-partners.html
New Zealand aircraft maker eyes Thailand as ASEAN service hub: BANGKOK -- New Zealand aircraft maker NZAero will scale up its maintenance and repair operations ...
asia.nikkei.com/Business/Aerospace-Defense-Industries/New-Zealand-aircraft-maker-eyes-Thailand-as-ASEAN-service-hub
Paid articlePaid Does Thailand’s Plan to Finance Its 500 Billion Baht Stimulus Make Sense?: Prime Minister Srettha Thavisin’s government has struggled to fund its massive ...
buff.ly/4447Luh
Only Half of Global Interest Rate Hikes Set to Be Taken Back by End-2025: Major advanced economy central banks are likely to take back less than half of the ...
bloomberg.com/news/articles/2024-04-26/only-half-of-global-rate-hikes-set-to-be-taken-back-by-end-2025
Paid articlePaid
Stocks are headed for a 'reset' that could hurt returns for years: CIO: People's wealth could take a huge hit as the stock market peaks after one of the longest ...
markets.businessinsider.com/news/stocks/stock-market-correction-recession-outlook-economy-bear-market-metals-industrials-2024-4
China’s GDP jumps 5.3% in first quarter: Growth rate beats expectations as Beijing tries to steer manufacturing-led economic revival
ft.com/content/211467a7-5f5f-4cc7-b6fd-cd4a34eb582e
Paid articlePaid
Volkswagen announces R4bn investment in Kariega plant: Volkswagen Group Africa on Tuesday announced a R4bn investment in its manufacturing plant in Kariega ...
timeslive.co.za/motoring/news/2024-04-16-volkswagen-announces-r4bn-investment-in-kariega-plant/
The Apprentice crown champion after tense finale as one candidate slips up: Lord Alan Sugar has crowned Rachel Woolford as the winner of this year's The ...
mirror.co.uk/tv/tv-news/breaking-bbc-apprentice-winner-2024-32619686
Tesla's Musk likely to unveil $2-$3 bln India investment during visit, sources say
reuters.com/business/autos-transportation/teslas-musk-likely-unveil-2-3-bln-india-investment-during-visit-sources-say-2024-04-17/
“I have no reason to go back”: Many German pensioners prefer to spend their retirement abroad
merkur.de/wirtschaft/rente-im-ausland-unter-palmen-ich-habe-keinen-grund-zurueckzugehen-93011643.html
What's behind the unstoppable American consumer: The drivers of such robust spending — and how long they can last — are key to what's ahead for the ...
axios.com/2024/04/26/american-consumer-spending-resilience-economy
Goldman Sachs beats estimates with 28% rise in profits: Investment banking and trading arms both report strong results
ft.com/content/e1e30f0f-18e1-4800-a3d5-5336467ee045
Paid articlePaid
Investment platform targets users in informal economy: While conducting their research at the university, three friends Titus Marenye, Njogu Kinyanjui and Samuel ...
nairobinews.nation.africa/investment-platform-targets-users-informal-economy/
Saudi foreign minister to visit Pakistan to boost economic cooperation - News | Khaleej Times
khaleejtimes.com/world/gulf/saudi-foreign-minister-to-visit-pakistan-to-boost-economic-cooperation
Thailand to replace military-appointed Senate, reduce its powers: BANGKOK - Thailand’s Cabinet on April 23 approved a plan to select a new slate of senators who ...
asiaone.com/asia/thailand-replace-military-appointed-senate-reduce-its-powers
Thailand keen to host F1 race on streets of Bangkok: Prime Minister Srettha Thavisin hosted F1 boss Stefano Domenicali on April 22 to pitch the government’s ...
straitstimes.com/sport/formula-one/thailand-keen-to-host-f1-race-on-streets-of-bangkok
Aussie charity founder to run 1400km in memory of the Boxing Day tsunami: As a forensic investigations expert, Peter Baines has spent his career running towards ...
9news.com.au/national/aussie-charity-founder-to-run-1400km-in-memory-of-the-boxing-day-tsunami/8a51ad9f-b482-400f-b231-dd9e518fcd44
Microsoft to invest $1.5 billion in Emirati AI firm G42 for minority stake: Microsoft is investing $1.5 billion in United Arab Emirates-based artificial ...
reut.rs/3VUVZk5
Quick Glance: Microsoft to Invest $1.5 Billion in Emirati AI Firm G42 for Minority Stake
- Microsoft is investing $1.5 billion in the United Arab Emirates-based artificial intelligence firm G42 to acquire a minority stake and a board seat.
- The partnership aims to deepen ties between the USA and the UAE amid the global battle for tech dominance.
- The deal includes G42 using Microsoft cloud services to run its AI applications.
- G42 and Microsoft plan to jointly bring advanced AI and digital infrastructure to countries in the Middle East, Central Asia, and Africa.
Microsoft turns to the Middle East for its latest bet on AI: Microsoft will invest $1.5 billion in Abu Dhabi’s G42, an artificial intelligence group that has ...
cnn.com/2024/04/16/tech/microsoft-g42-ai/
Oracle to invest over $8 billion in Japan in cloud computing, AI: Oracle said on Wednesday it will invest more than $8 billion over the next 10 years to meet ...
reuters.com/technology/oracle-invest-over-8-bln-japan-cloud-computing-ai-2024-04-18/
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