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Nokia Taps AI Boom With $2.3 Billion Infinera Purchase
Nokia is on track to gain from the billions of dollars in investment pouring into data centres to cater to the rise of artificial intelligence (AI), as part of the Finnish company's bid to buy U.S. optical networking gear maker Infinera in a $2.3 billion deal. The acquisition of Infinera will help it to leapfrog Ciena and become the second largest ...
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Apple Secures a Deal With OpenAI, Could Be Worth Billions of Dollars: Report
Apple might have secured a deal with the ChatGPT-maker OpenAI that could eventually be worth billions of dollars, as per a report. The Cupertino-based tech giant has reportedly spent the last couple of months in a frenzied race to secure a partner for its artificial intelligence (AI) capability requirements. The company was said to be in discussion...
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Boeing, Airbus Struggle To Deliver Planes As Supply Chain Disruptions Persist
Boeing and Airbus struck deals to sell billions of dollars' worth of planes at this week's airshow in Singapore, but supply chain disruptions mean they may struggle to deliver them on time, analysts said.
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Viacom18 Bags Indian Cricket Digital and TV Media Rights for Nearly Rs. 6,000 Crore
Viacom18 on Thursday created a near monopoly in Indian cricket broadcasting sphere by bagging both TV and digital rights of the national team's home series for the next five years with a cumulative bid of approximately Rs. 6000 crore, beating Star India and Sony in a three-way battle. The BCCI had invited separate e-bids for both li...
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Iran Moves 5 Americans From Jail To House Arrest As Part Of "Swap" Deal
Iran has moved five Americans from jail to house arrest, officials and family members said Thursday, in the first step of a delicate deal that would unfreeze billions of dollars in Iranian funds and allow the prisoners to leave the Islamic republic.
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India's IOC Signs Multi-Billion Dollar LNG Import Deal With UAE Firm
India's top oil firm IOC has signed a USD 7-9 billion deal to import liquefied natural gas (LNG) from the UAE's ADNOC Gas plc for 14 years beginning 2026, the UAE company said.
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World Bank Approves $700 Million In Support For Crisis-Hit Sri Lanka
The World Bank approved $700 million in budgetary and welfare support for Sri Lanka on Thursday, the biggest funding tranche for the crisis-hit island nation since an International Monetary Fund (IMF) deal in March.
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Oracle Said to Spend “Billions” on Nvidia Chips This Year to Expand Cloud Computing Service
Oracle is spending "billions" of dollars on chips from Nvidia as it expands a cloud computing service targeting a new wave of artificial intelligence (AI) companies, Oracle founder and Chairman Larry Ellison said on Wednesday. It is also spending on central processor units (CPUs) from Ampere Computing. Oracle's cloud division is working to gain gro...
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World Bank Approves $700 Million For Crisis-Hit Sri Lanka
The World Bank approved $700 million in budgetary and welfare support for Sri Lanka on Thursday, the biggest funding tranche for the crisis-hit island nation since an International Monetary Fund (IMF) deal in March.
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"IndiGo Deal With Airbus Major Win For UK Aerospace": Rishi Sunak
UK Prime Minister Rishi Sunak said today that Airbus's multi-billion dollar deal with IndiGo to supply 500 aircraft is a major boost for the UK aerospace sector, which will benefit from billions of pounds in investment and thousands of new jobs.
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UK Regulator Blocks Microsoft’s $69 Billion Takeover of Activision Blizzard Over Cloud Gaming Concerns
Britain will block Microsoft's $69 billion (roughly Rs. 5,64,000 crore) acquisition of Call of Duty maker Activision Blizzard over its concerns it would hinder competition in cloud gaming, dealing an unexpected blow to the biggest-ever deal in gaming. The country's antitrust regulator said on Wednesday that Microsoft's commitment to offer access to...
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WWE And UFC To Merge To Create New Company After Mega $21 Billion Deal
WWE and UFC merge together as part of the new multi-billion dollar deal.
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FTX Crypto Exchange Reaches Deal to Recover Over $400 Million from Hedge Fund Modulo Capital
Bankrupt crypto exchange FTX has reached a deal to recover more than $400 million in cash from hedge fund Modulo Capital, pulling back 97 percent of the money that FTX companies sent to the hedge fund in 2022, according to court documents filed on Wednesday.
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Xi Jinping Meets Saudi Crown Prince Salman On High-Stakes Visit
Chinese President Xi Jinping met Saudi Arabia's powerful crown prince on Thursday on an Arab outreach visit that will yield billions of dollars in deals and has earned a rebuke from Washington.
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Twitter's 'Massive' Revenue Drop Adds to Firm's Heavy Debt Burden After Elon Musk Takeover
Elon Musk recently announced that Twitter had taken a massive hit to revenue since he completed his takeover deal over a week ago. The microblogging service was losing more than $4 million (roughly Rs. 33 crore) a day, largely because advertisers started fleeing once he took over. Musk has also blamed civil rights activists pressuring advertisers, ...
-
Nokia Taps AI Boom With $2.3 Billion Infinera Purchase
Nokia is on track to gain from the billions of dollars in investment pouring into data centres to cater to the rise of artificial intelligence (AI), as part of the Finnish company's bid to buy U.S. optical networking gear maker Infinera in a $2.3 billion deal. The acquisition of Infinera will help it to leapfrog Ciena and become the second largest ...
-
Apple Secures a Deal With OpenAI, Could Be Worth Billions of Dollars: Report
Apple might have secured a deal with the ChatGPT-maker OpenAI that could eventually be worth billions of dollars, as per a report. The Cupertino-based tech giant has reportedly spent the last couple of months in a frenzied race to secure a partner for its artificial intelligence (AI) capability requirements. The company was said to be in discussion...
-
Boeing, Airbus Struggle To Deliver Planes As Supply Chain Disruptions Persist
Boeing and Airbus struck deals to sell billions of dollars' worth of planes at this week's airshow in Singapore, but supply chain disruptions mean they may struggle to deliver them on time, analysts said.
-
Viacom18 Bags Indian Cricket Digital and TV Media Rights for Nearly Rs. 6,000 Crore
Viacom18 on Thursday created a near monopoly in Indian cricket broadcasting sphere by bagging both TV and digital rights of the national team's home series for the next five years with a cumulative bid of approximately Rs. 6000 crore, beating Star India and Sony in a three-way battle. The BCCI had invited separate e-bids for both li...
-
Iran Moves 5 Americans From Jail To House Arrest As Part Of "Swap" Deal
Iran has moved five Americans from jail to house arrest, officials and family members said Thursday, in the first step of a delicate deal that would unfreeze billions of dollars in Iranian funds and allow the prisoners to leave the Islamic republic.
-
India's IOC Signs Multi-Billion Dollar LNG Import Deal With UAE Firm
India's top oil firm IOC has signed a USD 7-9 billion deal to import liquefied natural gas (LNG) from the UAE's ADNOC Gas plc for 14 years beginning 2026, the UAE company said.
-
World Bank Approves $700 Million In Support For Crisis-Hit Sri Lanka
The World Bank approved $700 million in budgetary and welfare support for Sri Lanka on Thursday, the biggest funding tranche for the crisis-hit island nation since an International Monetary Fund (IMF) deal in March.
-
Oracle Said to Spend “Billions” on Nvidia Chips This Year to Expand Cloud Computing Service
Oracle is spending "billions" of dollars on chips from Nvidia as it expands a cloud computing service targeting a new wave of artificial intelligence (AI) companies, Oracle founder and Chairman Larry Ellison said on Wednesday. It is also spending on central processor units (CPUs) from Ampere Computing. Oracle's cloud division is working to gain gro...
-
World Bank Approves $700 Million For Crisis-Hit Sri Lanka
The World Bank approved $700 million in budgetary and welfare support for Sri Lanka on Thursday, the biggest funding tranche for the crisis-hit island nation since an International Monetary Fund (IMF) deal in March.
-
"IndiGo Deal With Airbus Major Win For UK Aerospace": Rishi Sunak
UK Prime Minister Rishi Sunak said today that Airbus's multi-billion dollar deal with IndiGo to supply 500 aircraft is a major boost for the UK aerospace sector, which will benefit from billions of pounds in investment and thousands of new jobs.
-
UK Regulator Blocks Microsoft’s $69 Billion Takeover of Activision Blizzard Over Cloud Gaming Concerns
Britain will block Microsoft's $69 billion (roughly Rs. 5,64,000 crore) acquisition of Call of Duty maker Activision Blizzard over its concerns it would hinder competition in cloud gaming, dealing an unexpected blow to the biggest-ever deal in gaming. The country's antitrust regulator said on Wednesday that Microsoft's commitment to offer access to...
-
WWE And UFC To Merge To Create New Company After Mega $21 Billion Deal
WWE and UFC merge together as part of the new multi-billion dollar deal.
-
FTX Crypto Exchange Reaches Deal to Recover Over $400 Million from Hedge Fund Modulo Capital
Bankrupt crypto exchange FTX has reached a deal to recover more than $400 million in cash from hedge fund Modulo Capital, pulling back 97 percent of the money that FTX companies sent to the hedge fund in 2022, according to court documents filed on Wednesday.
-
Xi Jinping Meets Saudi Crown Prince Salman On High-Stakes Visit
Chinese President Xi Jinping met Saudi Arabia's powerful crown prince on Thursday on an Arab outreach visit that will yield billions of dollars in deals and has earned a rebuke from Washington.
-
Twitter's 'Massive' Revenue Drop Adds to Firm's Heavy Debt Burden After Elon Musk Takeover
Elon Musk recently announced that Twitter had taken a massive hit to revenue since he completed his takeover deal over a week ago. The microblogging service was losing more than $4 million (roughly Rs. 33 crore) a day, largely because advertisers started fleeing once he took over. Musk has also blamed civil rights activists pressuring advertisers, ...
