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[ad_1] JERUSALEM (Reuters) – Israeli venture capital fund OurCrowd said on Tuesday its new artificial intelligence (AI) fund was collaborating with Nvidia to fast track some of its AI startups into the Nvidia Inception programme. Inception helps startups evolve faster through cutting-edge technology, connecting with venture capitalists, and having access to the latest technical resources and tools from…
[ad_1] OTTAWA (Reuters) – Canada will crack down on foreign investment in the interactive digital media sector to stop state-sponsored actors from endangering national security, Innovation Minister Francois-Philippe Champagne said on Friday. Starting immediately, Ottawa will increase scrutiny of investments “by entities owned or influenced by foreign states, particularly states that engage in activities that…
[ad_1] NEW YORK (Reuters) – The U.S. Department of Energy’s statistical arm may seek a new survey of bitcoin mining electricity use, which will include a longer approval process, after cancelling its emergency data request following a lawsuit brought by crypto miners, show court records filed on Friday. To pursue a new survey tracking U.S….
[ad_1] WILMINGTON, Delaware (Reuters) – A former executive of the blank-check acquisition vehicle that plans to take Donald Trump’s social media company public sued to block the deal until he obtained a larger payout, according to a lawsuit docketed Thursday in Delaware. ARC Global Investments II, which is controlled by Patrick Orlando, said it was…
[ad_1] AMSTERDAM (Reuters) – A shortage of space in European data centres is worsening, industry participants said, as booming demand for AI collides with limited expansion possibilities. “There is no relief in sight,” said Kevin Restivo, who heads European data centre research at CBRE, during a conference on the sector in Amsterdam on Tuesday. Data…
[ad_1] RIYADH (Reuters) – Saudi Arabian tech company Alat, owned by the country’s Public Investment Fund, on Tuesday announced partnerships with four companies including Softbank Group and Carrier Corp, as it seeks to create a sustainable manufacturing hub in the kingdom. Alat is also partnering with China’s Dahua Technology and The Saudi Technology and Security…
[ad_1] (Reuters) -SoftBank Group Chief Executive Officer Masayoshi Son is looking to raise up to $100 billion for a chip venture that will rival Nvidia Corp, Bloomberg News reported on Friday, citing people with knowledge of the matter. The project, code named Izanagi, will supply semiconductors essential for artificial intelligence (AI), the report added. SoftBank…
[ad_1] TEGUCIGALPA (Reuters) – Honduras’ CNBS regulator has banned the Central American country’s financial system from trading in cryptocurrency and similar virtual assets, it said in a resolution, citing risks of fraud and money laundering. The National Banking and Securities Commission said a resolution, dated from Monday but made public on Friday, had “immediate effect.”…
[ad_1] BRUSSELS (Reuters) – A watered-down political deal giving workers at Uber, Deliveroo and other online companies more social and labour rights failed to get sufficient support from EU governments, Belgium’s presidency of the European Union said on Friday. EU lawmakers and Belgium, the current holder of the rotating EU presidency, had clinched the deal…
[ad_1] (Reuters) – India’s technology sector is expected to grow at a slower pace this fiscal year as clients hold back spending and delay decision-making, its main industry body said on Friday. The National Association of Software and Service Companies (Nasscom) expects the industry’s revenue to grow 3.8% to $253.9 billion, compared with the previous…