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Australia's RBA to prioritise wholesale CBDC work over retail
18 Sep 2024

Australia's RBA to prioritise wholesale CBDC work over retail

Australia’s central bank has decided to prioritise work on a wholesale central bank digital currency (CBDC) as its economic benefits are judged to outweigh those of a retail version, a top policymaker said on Wednesday.
Microsoft, BlackRock to launch $30 billion fund for AI infrastructure

Microsoft, BlackRock to launch $30 billion fund for AI infrastructure

18 Sep 2024
BlackRock and Microsoft plan to launch a more than $30 billion fund to invest in artificial intelligence infrastructure to build data centers and energy projects, the companies said on Tuesday.
Drivers more likely to be distracted while using partial automation tech, study shows

Drivers more likely to be distracted while using partial automation tech, study shows

17 Sep 2024
Drivers are more likely to engage in non-driving activities, such as checking their phones or eating a sandwich, when using partial automation systems, with some easily skirting rules set to limit distractions, new research showed on Tuesday.
Intel foundry business to make custom chip for Amazon, chipmaker's shares jump

Intel foundry business to make custom chip for Amazon, chipmaker's shares jump

17 Sep 2024
Intel’s foundry, or contract manufacturing business, has signed up Amazon’s cloud services unit as a customer for making custom artificial intelligence chips, the companies said on Monday, a deal that gives the chip maker a vote of confidence.
Ericsson forms company with 12 telcos to sell network software

Ericsson forms company with 12 telcos to sell network software

16 Sep 2024
Ericsson said on Thursday it had created a joint venture to sell software with a dozen telecom operators, including Verizon, Deutsche Telekom and Reliance Jio.
Poland's Intel plant gets EU green light for $1.9 billion in state support
16 Sep 2024

Poland's Intel plant gets EU green light for $1.9 billion in state support

The European Commission has given Poland a green light to support an Intel chip assembly and testing plant with more than 7.4 billion zlotys ($1.91 billion) in state aid, the government said on Friday. 
Hedge Funds Slash Oil Futures Positions Amid Slowing Demand and Rising Supply Concerns

Hedge Funds Slash Oil Futures Positions Amid Slowing Demand and Rising Supply Concerns

06 Sep 2024
Hedge funds and portfolio managers have significantly reduced their long positions in oil futures over the past two months, driven by concerns about slowing global demand and rising supply.
Verizon to Acquire Frontier Communications in $20 Billion All-Cash Deal

Verizon to Acquire Frontier Communications in $20 Billion All-Cash Deal

06 Sep 2024
Verizon announced on Thursday its agreement to acquire Frontier Communications in an all-cash deal valued at $20 billion.
CBOE partners with UK firm to launch U.S. private share trading platform, Bloomberg News reports

CBOE partners with UK firm to launch U.S. private share trading platform, Bloomberg News reports

06 Sep 2024
Derivatives exchange operator CBOE is partnering with a London-based tech firm, Globacap, to create a U.S. trading platform for shares of closely held companies, Bloomberg News reported on Wednesday.
Exclusive-Qualcomm has explored acquiring pieces of Intel chip design business, sources say

Exclusive-Qualcomm has explored acquiring pieces of Intel chip design business, sources say

06 Sep 2024
Qualcomm has explored the possibility of acquiring portions of Intel’s design business to boost the company’s product portfolio, according to two sources familiar with the matter.
Nordstrom Family Bids $3.8 Billion to Take Company Private Amid Retail Sector Headwinds
05 Sep 2024

Nordstrom Family Bids $3.8 Billion to Take Company Private Amid Retail Sector Headwinds

The family behind Nordstrom, one of the nation’s oldest and most storied department stores, has made a $3.8 billion offer to take the company private, according to a regulatory filing on Wednesday.
Judge rules J&J owes Auris investors $1 billion related to 2019 robotics deal

Judge rules J&J owes Auris investors $1 billion related to 2019 robotics deal

05 Sep 2024
Johnson & Johnson owes shareholders of Auris Health $1 billion in damages for breaching a 2019 agreement to acquire the private developer of robotics, a Delaware judge ruled on Wednesday.
Intel manufacturing business will see 'meaningful' revenue in 2027, CFO says

Intel manufacturing business will see 'meaningful' revenue in 2027, CFO says

05 Sep 2024
Intel will begin to generate a "meaningful" amount of revenue from its contract chip manufacturing business in 2027, the company’s CFO said at an investor conference on Wednesday.
Nvidia-Backed Sakana AI Secures $100M to Establish World-Class AI Lab in Japan

Nvidia-Backed Sakana AI Secures $100M to Establish World-Class AI Lab in Japan

05 Sep 2024
Tokyo-based artificial intelligence firm Sakana AI has raised over $100 million in a Series A funding round, with a mission to establish a cutting-edge AI lab in Japan.
AI likely to weigh on oil prices over the next decade, Goldman says

AI likely to weigh on oil prices over the next decade, Goldman says

04 Sep 2024
Artificial intelligence could hurt oil prices over the next decade by boosting supply by potentially reducing costs via improved logistics and increasing the amount of profitably recoverable resources, Goldman Sachs said on Tuesday.

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