giants

DeepSeek, a Chinese AI startup, has suddenly emerged as a threat to the dominance the US tech and AI industry enjoyed over the last few years. Global investors and analysts predict DeepSeek could have a significant impact on the fortunes of US tech stocks and thereby, the global markets. In particular, DeepSeek challenges major American […]
Getty Images Donald Trump announced the project with the bosses of OpenAI, Oracle and Softbank The creator of ChatGPT, OpenAI, is teaming up with another US tech giant, a Japanese bank and an Emirati sovereign wealth fund to build $500bn (£405bn) of artificial intelligence (AI) infrastructure in the United States. The venture, called Stargate, was […]
DUBAI, United Arab Emirates — The sky’s the limit when it comes to Dubai property giant Damac’s investment in the United States, the company’s chairman told CNBC on Thursday. Two days prior, President-elect Donald Trump announced a $20 billion foreign investment by the Emirati company to build new data centers across the U.S. — adding that its […]
The Federal Trade Commission sued to block a proposed merger between grocery giants Kroger and Albertsons, saying the $24.6 billion deal would eliminate competition and lead to higher prices for millions of Americans. The FTC filed a lawsuit in U.S. District Court in Oregon on Monday. It was joined in the suit by the attorneys […]
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