US AI chip restrictions likely trigger global slowdown
US restriction on artificial intelligence (AI) chip exports may result in a widespread slowdown in the sector,…
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Artificial Intelligence (AI)
Microsoft to invest $80b in AI data centres this year
Microsoft Corp. is ramping up its infrastructure investments, as it announced plans to spend $80 billion this…
Foxconn achieves record revenue in Q4 ‘24
Taiwan’s Foxconn, the world’s largest contract electronics manufacturer, posted its highest-ever quarterly revenue…
Egypt stresses private sector partnership in tourism sector
Egypt's Minister of Tourism and Antiquities Sherif Fathy stressed the importance of ongoing collaboration with the…
OpenAI employees to sell $1.5b in shares to SoftBank
OpenAI, owned by ChatGPT, is permitting its employees to sell around $1.5 billion in shares to SoftBank Group of…
Egypt’s central bank prepares to harness AI technology – official
The Central Bank of Egypt (CBE) is actively exploring the integration of artificial intelligence (AI) into its…
Japan’s SoftBank first to get Nvidia’s latest AI chips
SoftBank's Japanese telecoms unit will be the first to receive chips using Nvidia's latest Blackwell design for its…
Asian stocks slide as chip sector weakens
Asian stocks fell on Thursday, following weakness in the chip sector following overnight losses on Wall Street.
Deloitte launches innovation hub in Cairo
Deloitte inaugurated its first Innovation Hub in Cairo, a $30 million investment aimed at delivering advanced…
Taiwan’s TSMC halts shipments to Sophgo over Huawei chip link
TSMC has suspended shipments to Chinese chip designer Sophgo after a TSMC-made chip was discovered in a Huawei…