Microsoft expects to spend $80 billion on AI-enabled data centers in fiscal 2025
Over half of Microsoft’s $80 billion in spending will take place in the U.S., Microsoft Vice Chair and President Brad Smith wrote in a Friday blog post.
Financial News
Foreign phone sales plunge 47% in China, spelling trouble for Apple
Apple is under pressure in China as a result of rising competition from domestic brands, in particular Huawei.
Biden decides to block Nippon Steel’s $15 billion acquisition of U.S. Steel: Report
The White House is expected to announce U.S. President Joe Biden’s decision to block Nippon Steel’s $15 billion takeover bid of U.S. Steel on Friday.
Get your house in order, Europe — or face ‘ongoing decline,’ economists warn
Economists say the absence of growth, fiscal imbalances and political intransigence could lead to decline and a loss of standing for Europe as a whole.
Alibaba slashes prices on large language models by up to 85% as China AI rivalry heats up
Alibaba is offering the price cuts on its visual language model, Qwen-VL, which is designed to perceive and understand both texts and images.
The boldest bitcoin predictions for 2025 are in — and most see prices doubling to $200,000
Several industry watchers who spoke to CNBC forecast bitcoin will hit $200,000 in 2025.
Ransomware is 35 years old and now a billion-dollar problem. Here’s how it could evolve
Ransomware officially turned 35 in December. The technology has come a long way in that time.
Why tech giants such as Microsoft, Amazon, Google and Meta are betting big on nuclear power
Tech’s biggest companies are turning to nuclear power for their efficiency and sustainability goals and to meet massive energy demands.
Google CEO Pichai tells employees to gear up for big 2025: ‘The stakes are high’
In a meeting with employees, Google CEO Sundar Pichai set the stage for 2025, and the expected increase in competition, regulatory hurdles and AI advancements.
South Korea impeaches acting President Han Duck-soo, deepening political turmoil
Han’s predecessor, President Yoon Suk Yeol, was impeached a mere two weeks prior.