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Microsoft to Incur $800M Charge Tied to Cruise Robotaxi Program
Microsoft Is Losing This Much on GM's Robotaxi Unit Cruise
The two major US Energy giants are targeting the "fat" of the AI era: powering Datacenters.
Executives from the two major Energy giants in the USA, Chevron and Exxon Mobil, stated on Wednesday that they are considering entering the Electrical Utilities Industry and discussing the use of Henry Hub Natural Gas and carbon capture technology to supply power to AI Datacenters in the Technology sector. Previously, USA oil companies typically only produced power for their own Business. However, amid the current surge in demand, they are attempting to enter a broader Electrical Utilities market.
Malaysia established the National AI Policy and Regulatory Office.
Malaysia established a National AI Office on Thursday, aiming to formulate policies and address regulatory issues, and hopes to position itself as a regional hub for AI development. Over the past year, this Southeast Asian country has received billions of dollars in investment from Global tech companies seeking to build essential infrastructure to meet the growing demand for their cloud and AI services. The country's Prime Minister Anwar Ibrahim said at the launch ceremony of the new office: "This is another historic moment in our digital transformation journey." According to the details published on its website, the office is expected to
Express News | OpenAI - We're Experiencing an Outage Right Now - X Post
Microsoft lost approximately $0.8 billion due to Cruise investment
Microsoft said on Wednesday that it expects to accrue impairment charges of about 0.8 billion US dollars in the second fiscal quarter, related to the company's minority investment in Cruise, an autonomous driving company owned by GM. The day before, GM said it would no longer fund this business because it was too expensive to develop this technology and set up a fleet. Microsoft announced a minority investment in Cruise in January 2021 as part of a $2 billion investment in the autonomous vehicle startup, which is mostly owned by GM. The move enabled Microsoft to take over the emerging connected car services market
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Leon 1 : Don't post all this nonsense, I can also draw better than you. Now I'm telling you the real number with my strength, 500 by the end of the month.