US to award $100m to advance AI in semiconductor manufacturing
The US Department of Commerce announced on Wednesday plans to fund research into using artificial intelligence (AI)…
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artificial intelligence
US Oracle to invest $6.5b in Malaysian cloud infrastructure
Oracle, a US-based technology company, announced on Wednesday plans to invest over $6.5 billion to establish a new…
ADB: China’s growth outlook steady at 4.8% in ’24
The Asian Development Bank (ADB) kept its forecast of 4.8 per cent economic growth in China this year.
Norway’s sovereign fund reports $138b profit in H1 ’24
Norway's $1.7 trillion sovereign wealth fund, the world's largest, reported a profit of 1.48 trillion Norwegian…
Egyptian Journalists Syndicate, TikTok co-operate to foster digital awareness, media…
The Egyptian Journalists Syndicate and TikTok announced on Tuesday a new partnership aimed at improving digital…
Egypt ranks 2nd in African AI Readiness
Egypt has been ranked 65th globally and 7th among Arab nations in the Government Artificial Intelligence (AI)…
TSMC sees 30% surge in Q2 profit
Taiwan Semiconductor Manufacturing Company (TSMC) is projected to announce a 30 per cent increase in second-quarter…
TSMC beats forecasts with strong Q2 revenue driven by AI demand
TSMC exceeded analyst expectations in the second quarter with strong revenue growth fueled by high demand for AI…
OpenAI mulls banning AI tools in China
OpenAI is limiting access to its development tools for entities in China and possibly other countries.
Amazon invests $230m in AI start-ups
Amazon is upping its ante in the artificial intelligence (AI) race, announcing a $230 million investment in the…
AfDB 2023