(Reuters) – Amazon.com is expected to join Google and Microsoft on Thursday in reporting a surge in capital spending on artificial intelligence as Big Tech companies rush to capitalize on the booming technology. The e-commerce giant’s capital investments – mostly for building cloud and generative AI infrastructure – is expected to have risen 43% in the second…
Sun Pharmaceutical Industries Ltd’s alopecia drug Leqselvi (Deuruxolitinib) approved by the US Food and Drug Administration (USFDA) earlier this month could see immediate legal hurdles when it comes to its launch. A motion seeking a preliminary injunction has been filed in a US court to prevent the product’s launch. The management cannot comment on the…
Reddit Inc. has been blocking search engines, including Microsoft Corp.’s Bing, from accessing the site’s posts and comments unless they sign commercial agreements, following a Reddit policy change that took effect last month. “We can no longer be completely open because we have to be very considerate of where our data ends up and what…
The tech industry is witnessing a high tide of layoffs since 2022, and even now, the trend seems to be incessant. Recently, the video game company, Bungie, has hit with another round of layoffs. In a move that echoes the industry-wide trend of layoffs, Bungie CEO Pete Parsons revealed that the company will be reducing…
Russia has released an American journalist, Evan Gershkovich, and a former US Marine, Paul Whelan, as part of a prisoner exchange deal involving multiple countries, under which 26 prisoners were freed on Thursday. The prisoner deal, the largest swap in post-Soviet history between Russia and the United States, took place in the Turkish capital Ankara,…
Reuters – Myanmar’s embattled military government extended a state of emergency on Wednesday for another six months, state media said, as the junta struggles to maintain its grip on power with fighting flaring on multiple fronts and the economy in crisis. Army-run Myawaddy media said the military-controlled National Defence and Security Council extended emergency rule…
Singapore: US Secretary of State Antony Blinken said Wednesday that the United States was “not aware of or involved in” the killing of Hamas’s political leader Ismail Haniyeh in Iran. “I can’t tell you what this means. I can tell you that the imperative of getting a ceasefire, the importance that that has for everyone, remains,”…
Russia said Sunday that it scrambled fighter jets to prevent two US strategic bomber planes from crossing its border over the Barents Sea in the Arctic. The US military routinely carries out flights over international waters, operations that it says are conducted in neutral airspace and in accordance with international law. But Moscow has responded…
Jerusalem: Israeli Prime Minister Benjamin Netanyahu is to deliver a landmark speech to the US Congress this week as he fights off intense pressure to cut a Gaza war ceasefire deal with Hamas. Israel’s longest-serving premier will on Wednesday become the first foreign leader to address a joint meeting of the two chambers four times —…
Kolkata: West Bengal Chief Minister Mamata Banerjee today said that the state would offer shelter to anyone in distress who knocks on their door. Her remarks come amid violent protests in Bangladesh that have already resulted in the death of 151 people. What began as a protest against politicised admission quotas for sought-after government jobs snowballed…