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Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Google AI research hub in Paris to host 300 experts

AI covers a broad range of technologies based on algorithms and big data processing. (AFP)
  • In recent years, Google has poured investment into its engineering facility in Zurich, which also houses AI-focused teams from Meta, Apple and Microsoft.
  • The French capital has long pushed to be regarded as a cutting-edge hub for tech firms, and Meta established an AI research team there in 2015

Paris, France – US tech giant Google was set Thursday to open an AI research hub in Paris, the French government said, part of a trend for big tech firms to base teams in European centers.

In recent years, Google has poured investment into its engineering facility in Zurich, which also houses AI-focused teams from Meta, Apple and Microsoft.

Amazon, another major player in AI research, has teams based in several locations in Germany and Britain.

AI covers a broad range of technologies based on algorithms and big data processing, which help to power everything from online advertising to smartphone cameras.

Google’s new institute will host at least 300 researchers in the French capital, according to a statement released Wednesday by France’s finance ministry.

“The investment by Google in France demonstrates once again how attractive France and Europe are for tech firms, particularly in the artificial intelligence area,” the statement said.

The French capital has long pushed to be regarded as a cutting-edge hub for tech firms, and Meta established an AI research team there in 2015.