Activate Consulting CEO Michael Wolf tells TRENDS how AI, media and shifting consumer behaviour are driving the next knowledge economy.
It sold 2.26m EVs vs Tesla's 1.22 by Sept end.
Dubai, UAE - Deloitte Middle East has announced the launch of its Middle East Centre of Excellence for Oracle AI...The center offers a dedicated regional hub to develop and deploy Oracle AI Agents across public and private sectors
It combines global expertise with local industry experience to advance agentic AI in the Middle East
New York, United States -- Meta raised $30 billion in debt on Thursday, as tech giants flush with cash turn...Meta raised $30 billion in debt and demand for its bonds was reportedly four times greater than supply.
The $30 billion in bonds scheduled to be repaid over the course of decades is intended to provide money to continue a breakneck pace of AI development.
- San Francisco, United States - Amazon's share price skyrocketed by more than ten percent on Thursday after the online retail...
The e-commerce giant's Amazon Web Services division, which recently suffered a global outage, saw revenues jump 20 percent to $33 billion in the third quarter
Amazon's major rivals in the cloud computing space, Microsoft and Google, on Wednesday also reported sales increases in their cloud computing business
Paris, France -- French oil and gas giant TotalEnergies reported on Thursday a sharp increase in third-quarter net profit despite...The company said net income grew around 61 percent to $3.7 billion compared to the same period last year, even as oil prices fell by more than $10 per barrel year-on-year.
TotalEnergies shares were down 1.4 percent in afternoon trading while the Paris stock exchange's blue-chip CAC 40 index was 0.7 lower.
- This was a 33% year-on-year decrease.
The Shenzhen-based firm recorded revenue of 195 billion yuan over the same period, a slight decrease of 3 percent year-on-year.
China's EV industry is world-leading but a cutthroat domestic market has weighed on companies' profitability.
New York, United States -- AI chip juggernaut Nvidia became the world's first $5 trillion company on Wednesday, as investors...By way of comparison, the level was greater than the GDP of France or Germany or higher than that of Tesla, Meta (Facebook), and Netflix combined.
Microsoft and Apple, the two other largest global market capitalizations, only just exceed $4 trillion in valuation each.
- San Francisco, United States - Microsoft and OpenAI announced Tuesday a sweeping overhaul of their landmark artificial intelligence (AI) partnership,...
OpenAI has also committed to purchasing $250 billion in Azure cloud services from the tech giant, though Microsoft no longer holds first refusal rights as OpenAI's compute provider
The partnership began in 2019 when Microsoft invested $1 billion in what was then a small AI research organization founded in 2015 by tech luminaries including Elon Musk
Nvidia share price soars 20%.It said it would issue more than 166 million new shares, for which Nvidia would pay $6.01 per share.
Under the partnership, Nokia "intends to increase its presence in the AI and cloud market with data center aligned networking solutions."
Amazon will lay off tens of thousands of office workers as the e-commerce and tech giant trims costs amid ramped-up...The reduction will represent nearly 10 percent of the approximately 350,000 office jobs at Amazon but is reported not to affect the distribution and warehouse workforce
Amazon chief executive Andy Jassy has lauded the potential of AI to streamline workplace operations, from engaging with customers online to making offices more efficient
- Lagos, Nigeria -- Nigeria's Dangote oil refinery, already the largest in Africa, aims to become the biggest in the world...
"We are more than doubling the barrels... to 1.4 million from 650,000," said Aliko Dangote, a Nigerian businessman who is Africa's richest person.
The Dangote refinery has sparked monopoly fears as it becomes a powerful player itself.
