Musk and Huang to Lead AI Discussion at U.S.-Saudi Investment Forum Tesla Chief Executive Elon Musk and Nvidia CEO Jensen Huang are set to headline a discussion on advances in artificial intelligence and technology during a high-profile U.S.-Saudi Arabia investment forum in Washington on Wednesday, according to a document reviewed by Reuters. Focus on the Future of Technology The discussion will centre on “the emerging forces shaping the next wave of technological progress,” exploring new architectures, models, and investments that are driving an increasingly intelligent and interconnected world. Saudi Arabia’s Minister of Communications and Information Technology, Abdullah Alswaha, will moderate…
Author: Arushi Pandey
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Netflix to Acquire Warner Bros Discovery for $72 Billion in Landmark Deal Netflix has announced an agreement to acquire Warner Bros Discovery’s film and television studios, along with its streaming division, in a $72 billion transaction that could reshape the global entertainment landscape. The deal, valuing Warner Bros Discovery at $27.75 per share and approximately $82.7 billion including debt, would give Netflix control of some of Hollywood’s most iconic franchises, including Game of Thrones, DC Comics, and Harry Potter. A Shift in Hollywood Power The acquisition marks a decisive shift in power towards Netflix, long the pioneer of the streaming…
Netflix’s Bid for Warner Bros Discovery Aims to Cut Streaming Costs Netflix’s proposed acquisition of Warner Bros Discovery’s studios and streaming unit could lead to lower subscription costs for consumers, according to two people familiar with the matter. The deal, if approved, would bundle Netflix and HBO Max under a single offering, reducing total streaming expenses for users. A Strategy to Address Regulatory Concerns Sources told Reuters that Netflix has argued the merger would benefit consumers by offering a more affordable package, countering possible regulatory objections that the move might limit competition. Regulators could view the combination of two major…
Europe’s Aerospace and Defence Sector Records Strong Growth in 2024 Europe’s aerospace and defence industries experienced robust growth in 2024, with total turnover rising by 10.1% to €325.7 billion ($378.04 billion), according to Camille Grand, secretary general of the Aerospace, Security and Defence Industries Association of Europe (ASD). The sector’s direct employment reached an all-time high of 1.1 million jobs, underscoring its growing economic importance. Defence Spending Drives Expansion Defence activities led the overall surge, with turnover jumping 13.8% to €183.4 billion. Grand attributed the increase to heightened spending and intensified efforts to strengthen security across the continent, following the…
Pennsylvania Residents Unite to Resist Data Centre Development In rural Montour County, Pennsylvania, more than 300 residents gathered at a local planning commission meeting to oppose a proposed data centre by Talen Energy. Dressed in camouflage hats and red shirts, the crowd filled the hall to voice fears that the project would carve up farmland and disrupt the peaceful rhythm of their valley. Most attendees were loyal supporters of former President Donald Trump, who won the county by a wide margin in the 2024 election. Yet, their opposition showed frustration with Washington’s push to fast-track artificial intelligence infrastructure across rural…
South Korea Probes Massive Coupang Data Breach Affecting 33 Million Customers South Korean police have launched an investigation into a major data breach at e-commerce giant Coupang, which exposed the personal information of more than 33 million users. Authorities say the incident is the country’s largest data leak in over a decade, prompting fresh concerns over cybersecurity and data protection standards. Breach Linked to Authentication Flaws According to South Korea’s Science Minister Bae Kyung-hoon, hackers exploited authentication vulnerabilities in Coupang’s servers. The breach reportedly began on 24 June, but the company did not detect it until 18 November. Investigators are…
Novo Nordisk Alzheimer’s Trials Disappoint but Spark Calls for Preventive Research Novo Nordisk’s highly anticipated Alzheimer’s trials have failed to show benefits in slowing cognitive decline, yet scientists say the results should not end exploration of GLP-1 drugs as a possible preventive treatment for the disease. Limited Success in Alzheimer’s Trials The Danish pharmaceutical giant tested Rybelsus, an oral version of semaglutide — the same active ingredient used in its blockbuster drugs Ozempic and Wegovy — in two studies involving people with early-stage Alzheimer’s disease. The trials did not meet their primary goal of delaying cognitive decline. However, Novo said…
IQM Quantum Computers to Invest €40 Million in Finnish Expansion IQM Quantum Computers, a leading European quantum technology company, announced plans to invest more than €40 million ($46 million) to expand its production site in Finland. The move is part of Europe’s broader effort to strengthen its global competitiveness in the rapidly advancing quantum computing industry. Doubling Production Capacity According to the company, the investment will allow IQM to double its assembly line capacity and significantly increase the number of quantum computers it produces each year. The expansion marks a major step in scaling up manufacturing to meet growing international…
Tesla to Double Robotaxi Fleet in Austin Next Month Tesla CEO Elon Musk announced on Tuesday that the company will double the number of its robotaxis in Austin, Texas, in December. The move follows the rollout of Tesla’s self-driving service in the city earlier this year in June. Expansion of Tesla’s Robotaxi Operations “The Tesla Robotaxi fleet in Austin should roughly double next month,” Musk posted on X, the social media platform he also owns. However, the company has not disclosed how many robotaxis currently operate in Austin. At present, Tesla runs its robotaxi service in two US cities —…
Cuba Fights to Save Ancient Fish from Extinction in Mosquito-Ridden Swamp In the heart of Cuba’s vast Zapata Swamp, the buzz of mosquitoes fills the air as scientists fight to save one of the island’s most ancient creatures — the manjuari, or Cuban gar. This prehistoric fish, which has survived for over 140 million years, is now teetering on the brink of extinction. A Living Fossil in Peril “The manjuari is a jewel among Cuban fishes,” said park biologist Andrés Hurtado as he waded through mangroves under a cloud of mosquitoes. The species, long and slender with a snout full…