UK Regulator Probes Microsoft’s Transactions with Inflection AI

July 17, 2024 – The UK’s Competition and Markets Authority (CMA) announced on July 16th that it is investigating Microsoft’s hiring of several former employees of Inflection AI and the arrangements made with the company. The regulatory body has expressed concerns that these actions could potentially lead to a “substantial lessening of competition.” In its…

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Tesla Unveils Bold Capital Expenditure Plans for 2024 and Beyond

January 30, 2024 – Tesla has today shed light on its capital expenditure plans for 2024 and beyond through the release of its 10-K report. In keeping with its tradition of increasing investments, the electric vehicle giant anticipates spending at least 10billionthisyear,anamountthatequatestoapproximately71.8billionChineseyuan.For2025and2026,thecompanyhasbudgetedbetween8 billion and $10 billion. Acknowledging the dynamic nature of its undertakings, Tesla cautioned…

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US Government Pledges Up to $50 Million to Boost HP’s Microfluidic Semiconductor Factory

August 28, 2024 – In a landmark move, the United States Department of Commerce and Hewlett-Packard (HP) inked a non-binding preliminary memorandum yesterday, outlining plans to channel up to $50 million in direct funding from the Chips and Science Act towards HP’s endeavors. This strategic allocation targets HP’s microfluidic semiconductor facility in Corvallis, Oregon, with…

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