AT&T Inc., formerly known as the American Telephone and Telegraph Company, is a multinational telecommunications holding company, founded in 2005 and headquartered in Dallas, Texas. AT&T is the world’s fourth-largest telecommunications company by revenue and the largest wireless carrier in the United States. According to recent reports, AT&T has struck a deal with AST SpaceMobile…
Tesla Welcomes EVgo To It’s Superchargers
EVgo Inc. is an electric vehicle DC fast charging station network in the United States, founded in 2010 and headquartered in Los Angeles, California. It has more than 950 charging locations in 35 states as of 2023 and is compatible with all major auto manufacturers. According to reports, EVgo announced that it will adopt Tesla’s…
Toshiba To Layoff 4,000
Toshiba Corporation, the multinational electronics company, has announced plans to lay off 4,000 employees as part of a restructuring initiative under new ownership. The company will also relocate its office functions from central Tokyo to Kawasaki as it aims to achieve an operating profit margin of 10% in three years. Last year, the Incognito blog…
Wildfire Leads To Evacuations In Fort McMurray
Fort McMurray is an urban service area in the Regional Municipality of Wood Buffalo in Alberta, Canada. It is located in the middle of the Athabasca oil sands, surrounded by boreal forest, with a population of 68,002 residents as of 2021. The city is the hub for the country’s oil-sands output and has played a significant role…
AWS: $8.4 Billion Germany Investment
Amazon Web Services (AWS) has announced plans to invest $8.4 billion USD in Germany over the next 15 years. Amazon will also launch the first European sovereign cloud service in the German state of Brandenburg by the end of 2025. The AWS European Sovereign Cloud is a service that allows government agencies and regulated industries…
Honda To Layoff 1,700
Honda has announced voluntary layoffs of 1,700 employees, which amounts to 14% of its production workforce in China. The layoffs are a result of a decline in car sales as Chinese consumers are shifting away from internal combustion engine cars to electric vehicles and plug-in hybrid vehicles. In February, Incognito blog reported a recall of…
UAE Launches Falcon 2
The United Arab Emirates (UAE) has launched Falcon 2, a generative AI model introduced by The Technology Innovation Institute (TII). The Falcon 2 series consists of Falcon 2 11B, a text-based model, and Falcon 2 11B VLM, a vision-to-language model, both equipped with 11 billion parameters and trained on a vast dataset of 5.5 trillion…
Microsoft: $4.3 Billion AI & Cloud Investment
Microsoft has announced plans to invest $4.3 billion USD in France to boost its artificial intelligence and cloud computing sector in the country. The investment deal is expected to be completed by 2027 and will involve the deployment of 25,000 of the most advanced graphics processing units (GPUs) by the end of 2025, as well…
Permira: $6.9 Billion Squarespace Deal
Permira is a British global investment firm that specializes in buyout, growth equity, and credit funds. It was founded in 1985 and is headquartered in London, United Kingdom. The company is one of the largest buyout specialists and has invested in more than 300 companies worldwide. According to reports, Permira will take Squarespace private in…
Amazon: $1.3 Billion France Investment
Amazon has announced plans to invest $1.3 billion USD in its French operations. It also aims to create more than 3,000 permanent jobs in the country. This investment deal will enhance cloud infrastructure for Gen AI and research centers as it plans to expand logistics networks for faster eco-friendly deliveries. Last week, Incognito blog reported…