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Meta is set to invest nearly $15 billion to acquire a stake in Scale AI, according to recent reports. This significant financial move underscores Meta's commitment to enhancing its capabilities in artificial intelligence and data processing. The deal is expected to bolster both companies' positions in the tech industry.
OpenAI has entered into a significant cloud partnership with Google, marking a notable collaboration despite their ongoing competition in the AI sector. This unprecedented deal highlights the evolving landscape of technology alliances as companies seek to leverage each other's strengths.
Huawei's founder, Ren Zhengfei, is actively countering U.S. export restrictions by innovating in AI chip production, focusing on advanced packaging and computing techniques. Despite being behind in single-chip output, Huawei is making significant strides in AI and EV software, signaling resilience and adaptability in the face of U.S. sanctions. As competition intensifies, U.S. firms may find their lead diminishing faster than expected.
Huawei's founder, Ren Zhengfei, is actively countering U.S. export restrictions by innovating in AI chip production, focusing on advanced packaging and computing techniques. Despite being behind the U.S. in single-chip output, Huawei is making significant strides in AI and EV software, signaling resilience and adaptability in the face of sanctions. As U.S. firms like Nvidia acknowledge the growing strength of Chinese AI companies, Huawei's strategy suggests it can continue to compete without reliance on American technology.
Ren Zhengfei, CEO of Huawei, emphasized resilience and strategic patience in a recent interview, urging society to support long-term theoretical research despite external challenges. His remarks resonate with a growing consensus in China on the importance of R&D investment, as the nation continues to advance in key technological fields, bolstered by a supportive industrial system and recent legislative measures aimed at enhancing the private sector's development environment.
European stocks remained flat as investors closely monitor the developments in the ongoing US-China talks. Market participants are awaiting clarity on the negotiations, which could significantly impact economic sentiment and trading strategies.
Guggenheim has successfully tokenized commercial paper using the XRP Ledger, marking a significant advancement in the integration of blockchain technology within traditional finance. This move highlights the growing trend of digital asset adoption in financial markets.
UBS is considering its options following a Swiss government mandate to raise $27 billion in capital to bolster its U.S. operations. Executive chair Colm Kelleher criticized the ruling as "extreme," arguing it penalizes the bank for its role in rescuing Credit Suisse in 2023, which aimed to stabilize the financial system. Regulators view UBS's American business, managing $2.1 trillion for wealthy clients, as a potential risk and seek to enhance its capacity to absorb losses.
Gold prices dipped to around $3,312 per ounce as US-China trade talks showed positive signs, easing safe-haven demand. In Dubai, 24K gold is priced above Dh400 per gram, while 22K trades near Dh373, with steady buying expected despite potential minor price softening. Analysts forecast gold to reach $3,400 by June 2025, supported by ongoing inflation and debt concerns.
Crane Company, an industrial and technology firm, is expanding its portfolio and driving sales growth through the acquisition of Precision Sensors & Instrumentation. The company operates in two main segments: Aerospace and Electronics, which provides critical components for aerospace and defense, and Process Flow Technologies, which supplies engineered fluid power equipment for essential applications.
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Meta invests nearly 15 billion dollars in Scale AI stake
20:38 10.06.2025
openai partners with google for groundbreaking cloud collaboration amid ai competition
19:33 10.06.2025
Huawei Innovates Amid US Sanctions to Compete in AI and Technology
NVIDIA Corporation
Huawei Technologies CO. Ltd.
CHN
USA
Ren Zhengfei
Jensen Huang
Howard Lutnick
Show more
19:27 10.06.2025
Huawei Innovates Amid US Sanctions to Compete in AI and Technology
NVIDIA Corporation
Huawei Technologies CO. Ltd.
CHN
USA
Ren Zhengfei
Jensen Huang
Howard Lutnick
Show more
19:27 10.06.2025
Ren Zhengfei's Call for Resilience and Innovation Amid Global Challenges
19:18 10.06.2025
European Stocks Steady as Investors Monitor US China Trade Negotiations
18:35 10.06.2025
guggenheim launches tokenized commercial paper on xrp ledger
18:21 10.06.2025
UBS Faces $27 Billion Capital Raise After Credit Suisse Rescue Decision
18:18 10.06.2025
gold prices dip as us china talks ease tensions and outlook remains strong
18:07 10.06.2025
Crane Company Acquires Precision Sensors to Enhance Aerospace and Process Flow Portfolio
18:00 10.06.2025
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