SoFi Technologies, a California-based financial tech company, has secured up to $2.4 million in taxpayer-funded incentives to expand operations into Charlotte, North Carolina.
A major outage in Amazon Web Services (AWS) disrupted global internet infrastructure early Monday, affecting scores of popular websites, apps, and platforms used daily by millions.
The Dutch government has stepped in to take control of semiconductor firm Nexperia, citing “highly exceptional” risks to European economic security stemming from the company’s Chinese ownership and governance gaps. Nexperia, based in Nijmegen in the Netherlands, is owned by China’s Wingtech Technology.
The Department of Justice (DOJ) and Google have concluded two weeks of hearings over how to address the tech giant’s illegal monopoly in the online advertising market, marking a major moment in one of the most significant antitrust battles in decades. The case, held in the U.S. District Court for the Eastern District of Virginia, follows an April ruling by Judge Leonie M. Brinkema that found Google had unlawfully monopolized publisher tools and ad transaction software.
Elon Musk’s artificial intelligence startup, xAI, has raised $20 billion in a major funding round led by chipmaking giant Nvidia, solidifying the company’s position as one of the fastest-growing players in the AI sector. The deal combines $7.5 billion in equity and up to $12.5 billion in debt through a special purpose vehicle (SPV) that will allow xAI to acquire and rent Nvidia processors for five years.
OpenAI has entered a multibillion-dollar agreement with chipmaker AMD that could result in a 10 percent equity stake in the company. The deal signals a major shift in the artificial intelligence hardware landscape and marks AMD’s largest win to date in its competition with AI chip leader Nvidia.
Security researchers from Mandiant and Google are investigating a new extortion campaign targeting corporate executives with claims that hackers stole data from Oracle’s E-Business Suite systems.
Walmart CEO Doug McMillon stated this week that artificial intelligence will impact “literally every job” in the company, as the retail giant braces for a major transformation in its workforce. Speaking at a workforce conference in Bentonville, Arkansas, McMillon said the company plans to maintain its current headcount of approximately 2.1 million employees globally, even as AI significantly alters job functions, required skills, and day-to-day responsibilities.
