The latest financial results from Huawei Technologies Co. have caught the attention of investors and analysts worldwide. For the first time in many years, the company has reported a quarterly net loss, reflecting a slowdown in overall business alongside significant investments in research and development across various sectors, including electric vehicles and semiconductors.
Amid growing competition in artificial intelligence (AI) technologies, Nvidia and xAI, founded by Elon Musk, have announced their joining a consortium backed by Microsoft, investment fund MGX, and BlackRock. This coalition aims to significantly expand AI infrastructure in the United States.
Oracle Corp is actively expanding its cloud services in Asia and is currently negotiating with the Indonesian government to establish a new cloud services center on Batam Island. According to information from Bloomberg News, the preferred location for this new facility is Nongsa Digital Park. This choice is driven by the area’s status as a "free trade zone" and its proximity to economic hubs like Singapore and Malaysia.
Didi Global, the largest ride-hailing operator in China, is making strides in the autonomous driving arena. According to Bloomberg, citing familiar sources, the company is planning to raise additional capital for its autonomous driving unit, which is estimated to be valued at around $5 billion.