Foxconn Technology (Hon Hai) recently announced that its subsidiary, Foxconn Assembly LLC., has successfully leased two plants in Houston, Texas, with a total lease value of approximately USD 56.5538 million. This move is seen by the market as part of Foxconn’s continued efforts to expand its AI s...

Microsoft has reportedly initiated another round of layoffs just weeks after announcing its largest workforce reduction in years, Bloomberg notes. The move underscores the tech sector’s ongoing efforts to cut costs despite pouring significant investments into AI, according to the report. A noti...

According to Mydrivers, citing Reuters and Bloomberg, OpenAI has entered into a strategic partnership with UAE-based G42 to jointly develop the world’s largest AI data center cluster in Abu Dhabi. This project is part of OpenAI’s “Stargate” initiative and marks the first international expans...

OpenAI will acquire io, an AI device startup co-founded by former Apple design chief Jony Ive, in an all-stock deal valued at nearly USD 6.5 billion, according to a report from Economic Daily News citing Bloomberg. The transaction marks OpenAI’s largest acquisition to date and signals its formal e...

Malaysia officially launched its Strategic AI Infrastructure on Monday, becoming the region’s first sovereign, full-stack AI ecosystem. Despite recent U.S. warnings against using advanced Chinese chips like Huawei’s Ascend processors, the initiative is powered by Huawei GPUs and features China�...