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20120 articles published since 08 Mar 2022

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AI's $400 bn problem: Are chips getting old too fast?
AI's $400 bn problem: Are chips getting old too fast?
Economy

In pursuit of the AI dream, the tech industry this year has plunked down about $400 billion on specialized chips and data centers, but questions are mounting about the wisdom of such unprecedented levels of investment. Building data centers requires raising significant capital, Luria points out.

Oracle shares dive as revenue misses forecasts
Oracle shares dive as revenue misses forecasts
Economy

Shares in business computing giant Oracle fell more than 10 percent on Wednesday on word its revenue missed heady expectations, dampening artificial intelligence euphoria in the market. Oracle's cloud and business computing unit accounted for $8 billion of that revenue, an increase of 34 percent from the same quarter in 2024, according to the earnings report.

Intel sees record EU fine reduced further
Intel sees record EU fine reduced further
Economy

The EU General Court dealt a blow to the European Commission on Wednesday in reducing what was initially a record fine against US chipmaker Intel to 237 million euros ($276 million) -- a quarter of the original sum. In the new ruling published Wednesday, the court said it had "substantially upheld the 2023 decision", but reduced the fine to 237 million euros.

Veggie 'burgers' remain on table as EU talks stall
Veggie 'burgers' remain on table as EU talks stall
Economy

EU wrangling over whether to give plant-based "sausages" and veggie "burgers" the chop and restrict such labels to meat products will grind on into next year after countries and lawmakers failed to reach a deal on Wednesday. Lawmakers at the European Parliament in October backed a proposal to reserve a list of labels including burger and sausage for foods containing meat.

Not lovin' it: McDonald's pulls Dutch AI Christmas ad
Not lovin' it: McDonald's pulls Dutch AI Christmas ad
Economy

US burger chain McDonald's said on Wednesday it had removed an AI-generated Christmas advert in the Netherlands after it was filleted online. McDonald's Netherlands said in a statement to AFP: "The Christmas commercial was intended to show the stressful moments during the holidays in the Netherlands.

EU seeks better Spain-France energy links after blackout
EU seeks better Spain-France energy links after blackout
Economy

The EU said Wednesday it wants to boost energy links between France and Spain as part of a bloc-wide push to secure power supplies, months after a massive outage hit the Iberian Peninsula. The construction of two new interconnections linking France and Spain across the Pyrenees topped a list of eight "energy highways" Brussels wants to fast track.

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