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AI company Glean achieves 7.2 billion dollar valuation in funding round

AI company Glean has achieved a valuation of $7.2 billion following its latest funding round. This significant milestone underscores the growing interest and investment in artificial intelligence technologies.
StartupNews.fyi
Business & Industry, News Article
17:52 10.06.2025

omniyat unveils marasi bay as a new luxury waterfront destination in dubai

The sale of The Lana Residences penthouse set a record as the most expensive property in the Burj Khalifa District in May 2024. OMNIYAT is developing Marasi Bay Island into a luxury lifestyle destination, featuring the first beach club in the area, alongside ultra-premium office spaces and exclusive amenities for residents. The project aims to redefine waterfront living, connecting urban life with leisure and wellness experiences in a vibrant community.
Gulf News: Latest UAE news, Dubai news, Business, travel news, Dubai Gold rate, prayer time, cinema
ARE Mahdi Amjad
Business & Industry, Press Release
17:29 10.06.2025

Dubai prepares for busy summer with packed events and rising visitor numbers

Dubai is set for a vibrant summer with a packed events calendar, including the inaugural Great Summer Sale and the beloved Dubai Summer Surprises. The city reported a 7% increase in visitor numbers in early 2025, with over 153,000 hotel rooms available to accommodate tourists. Events like the Dubai Comedy Festival and the Dubai 30x30 initiative highlight the city's commitment to diverse experiences, while the hotel sector anticipates strong occupancy rates, projected to reach around 80% in 2025.
Gulf News: Latest UAE news, Dubai news, Business, travel news, Dubai Gold rate, prayer time, cinema
ARE Ahmed Al Khaja Issam Kazim Dhanush Show more
Business & Industry, News Article
17:22 10.06.2025

Schwyzer Kantonalbank Issues 150 Million Franc Bond with 0.80 Percent Coupon

Schwyzer Kantonalbank is set to issue a bond worth CHF 150 million, with a maturity date of June 16, 2032. The bond features a coupon rate of 0.80%, an issue price of 100.306%, and a yield of 0.755%. It has received an AA+/AAA rating from S&P and ZKB, and will be listed on SIX starting June 13, 2025.
finanzen.ch
Swiss Franc Schwyzer Kantonalbank CHE
Finance & Economy, Press Release
17:13 10.06.2025

Huawei Claims Chips One Generation Behind US Amid Research Investment

Huawei's CEO, Ren Zhengfei, claims the company's chips are only a generation behind U.S. technology, fueled by an annual research budget of $25.07 billion. Despite U.S. trade restrictions, Huawei is focused on self-sufficiency, developing alternatives like cluster computing and expanding its manufacturing capabilities across China. Ren emphasizes the importance of theoretical research for breakthroughs, asserting that software is not a bottleneck for their progress.
wccftech.com
Huawei Technologies CO. Ltd. CHN USA Ren Zhengfei
Technology & Innovation, News Article
17:12 10.06.2025

Swiss Stock Market Declines as UBS Shares Plummet Amid Capital Requirement Concerns

The Swiss stock market opened the week with losses, as the SMI index fell 0.2% to 12,343 points amid cautious investor sentiment due to uncertain US-China trade talks. UBS shares plummeted over 7% due to concerns over stricter capital requirements, closing down 4.8%. In contrast, cyclically sensitive stocks like Holcim, Logitech, and Richemont saw gains of 1% or more.
TradingView
UBS Group AG Holcim Ltd. Logitech International S.A. COMPAGNIE FINANCIERE RICHEMONT SA CHE USA CHN Show more
Finance & Economy, Market Report
17:10 10.06.2025

OpenAI partners with Google for groundbreaking cloud collaboration amid AI competition

OpenAI has entered into a significant cloud partnership with Google, marking a notable development despite the ongoing rivalry in the AI sector. This unprecedented deal highlights the evolving landscape of technology collaborations amidst competitive tensions.
StartupNews.fyi
Google Inc. USA
Technology & Innovation, News Article
16:58 10.06.2025

Berner Kantonalbank Shares Show 30 Percent Growth Over Past Decade

Ten years ago, an investment of CHF 1,000 in Berner Kantonalbank (BEKB) shares would have purchased 5,219 shares at CHF 191.60 each. Today, those shares are valued at CHF 250.00, making the investment worth CHF 1,304.80, reflecting a positive performance of 30.48%. The current market valuation of BEKB stands at CHF 2.31 billion.
finanzen.ch
Swiss Franc Berner Kantonalbank AG CHE
Finance & Economy, Market Report
16:41 10.06.2025

Huawei Founder Emphasizes Resilience and Innovation Amid US Technology Restrictions

Huawei's founder, Ren Zhengfei, remains optimistic about the company's future despite US export controls, asserting that challenges in chip technology are manageable. He emphasized the importance of theoretical research and investment in innovation, stating that US restrictions have inadvertently accelerated China's semiconductor advancements. Ren highlighted the need for a robust education system to support talent development and predicted a long-term evolution in artificial intelligence, attributing China's progress to its socialist market economy.
@ChinaDailyApp
Huawei Technologies CO. Ltd. NVIDIA Corporation CHN USA Ren Zhengfei Jensen Huang Rikard Wolff Show more
Technology & Innovation, News Article
16:34 10.06.2025

Huawei Aims to Compete with US Chips Through Innovative Research and Development

Huawei's CEO Ren Zhengfei acknowledged that the company is currently one generation behind American chipmakers but is compensating through advancements in cluster computing and theoretical research. He emphasized the importance of fundamental research, with Huawei investing approximately $25.06 billion annually, and noted the development of their CloudMatrix 384 system, which may outperform restricted NVIDIA systems. Additionally, Huawei is working on its own 5nm chip production line and plans to begin 3nm chip production by 2026.
Mezha.Media
Chinese Yuan United States Dollar Huawei Technologies CO. Ltd. USA CHN Ren Zhengfei
Technology & Innovation, News Article
16:31 10.06.2025
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