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Toyota to launch first EV with advanced self driving system for China in 2025
28 Jun 2024

Toyota to launch first EV with advanced self driving system for China in 2025

Toyota is planning to launch the first electric car model equipped with an advanced autonomous driving system similar to Tesla’s Full Self-Driving for the Chinese market next year, one of its Chinese joint ventures said.
Silicon Box picks Italy's Piedmont region for $3.4 billion chip plant

Silicon Box picks Italy's Piedmont region for $3.4 billion chip plant

28 Jun 2024
Singapore-based semiconductor firm Silicon Box has picked the town of Novara, in the industrialised northwestern region of Piedmont, for its new multi-billion-euro chip factory in Italy, the industry ministry said on Friday.
Nvidia shares surge nearly 7%, bouncing after $430 billion market slump

Nvidia shares surge nearly 7%, bouncing after $430 billion market slump

27 Jun 2024
Shares of Nvidia surged nearly 7% on Tuesday, snapping out of a three-session tailspin that had erased about $430 billion from the artificial intelligence chipmaker’s market value.
Onepoint withdraws from Atos restructuring talks, Kretinsky wants to rejoin

Onepoint withdraws from Atos restructuring talks, Kretinsky wants to rejoin

27 Jun 2024
French technology firm Atos said on Wednesday a consortium led by investor David Layani’s Onepoint had withdrawn from discussions on its restructuring, but that it still planned to reach a definitive agreement by July.
UK probes Hewlett Packard Enterprise's $14 billion deal for Juniper Networks

UK probes Hewlett Packard Enterprise's $14 billion deal for Juniper Networks

21 Jun 2024
Britain’s competition regulator said on Wednesday it was investigating whether Hewlett Packard Enterprise’s planned $14 billion acquisition of Juniper Networks would result in competition concerns in the country. 
Oracle to invest over $1 billion on AI, cloud computing in Spain
21 Jun 2024

Oracle to invest over $1 billion on AI, cloud computing in Spain

Oracle on Thursday said it will invest more than $1 billion over the next 10 years in artificial intelligence and cloud computing in Spain, as it looks to meet increasing demand for its services in the country.
Northvolt reviewing plans for new Swedish gigafactory

Northvolt reviewing plans for new Swedish gigafactory

20 Jun 2024
Swedish lithium-ion battery producer Northvolt is reviewing plans to build a new plant in Borlange in central Sweden but has not reached any decisions, it said on Wednesday, after a newspaper reported it was cancelling the project.  
Onsemi to invest up to $2 billion in Czech semiconductor plant

Onsemi to invest up to $2 billion in Czech semiconductor plant

20 Jun 2024
U.S. chipmaker Onsemi will invest up to $2 billion to boost its semiconductor output in the Czech Republic, it said on Wednesday, expanding the company’s European capacity as the European Union seeks self-sufficiency in critical supplies.
Qualcomm reaches $75 million settlement over sales and licensing practices

Qualcomm reaches $75 million settlement over sales and licensing practices

19 Jun 2024
Qualcomm agreed to pay $75 million to resolve a lawsuit in which shareholders accused the chipmaker of defrauding them by hiding its anticompetitive sales and licensing practices.
Nvidia eclipses Microsoft as world's most valuable company

Nvidia eclipses Microsoft as world's most valuable company

19 Jun 2024
Nvidia became the world’s most valuable company on Tuesday, dethroning tech heavyweight Microsoft as its high-end processors play a central role in a scramble to dominate artificial intelligence technology.
AI can help shipping industry cut down emissions, report says
18 Jun 2024

AI can help shipping industry cut down emissions, report says

The global commercial shipping industry could cut down its carbon emissions by 47 million tonnes per year by deploying artificial intelligence for sea navigation, a study by autonomous shipping startup Orca AI showed on Tuesday.
NATO targets AI, robots and space tech in $1.1 billion fund

NATO targets AI, robots and space tech in $1.1 billion fund

18 Jun 2024
A consortium of NATO allies has confirmed the first tranche of companies awarded funding as part of the group’s one billion euro ($1.1 billion) innovation fund. 
German robotics industry faces stiff competition from China, VDMA says

German robotics industry faces stiff competition from China, VDMA says

17 Jun 2024
Growing competition from China is weighing on the outlook for Germany’s robotic industry, which is already struggling with falling orders in a weak domestic economy, a representative of the VDMA engineering association told Reuters.
Tempus AI shares jump 8% in strong Nasdaq debut as US IPO market thaws

Tempus AI shares jump 8% in strong Nasdaq debut as US IPO market thaws

17 Jun 2024
Shares of SoftBank Group-backed Tempus AI rose 8.1% in their debut on the Nasdaq on Friday, giving the artificial intelligence-based genetic testing company a valuation of $6.6 billion.
Amazon adds $230 million in cloud credits to AI startups

Amazon adds $230 million in cloud credits to AI startups

14 Jun 2024
Amazon said it is investing $230 million in the form of Amazon Web Service (AWS) credits in artificial intelligence startups, the latest example of cloud providers trying to capture AI clients from nascent stages. 

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