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…
Motional To Layoff 550
Motional is an American autonomous vehicle company founded in 2020, with its headquarters in Boston, Massachusetts. It was established as a joint venture between automaker Hyundai Motor Group and auto supplier Aptiv. According to reports, Motional has announced plans to lay off 550 employees, which amounts to about 40% of the company’s workforce, in a…
South Korea: $7.30 Billion Chip Industry Investment
South Korea has announced plans to invest $7.30 billion USD in a support package for the semiconductor chip industry. This investment deal aims to boost South Korea’s position in the semiconductor market. The support package will target chip materials, equipment makers, and fabless companies throughout the semiconductor supply chain. South Korea is also constructing a…
Microsoft To Launch Mobile Game Store
Microsoft has announced plans to launch its mobile game store to compete with the Apple App Store and Google Play Store. The launch is expected to be in July and will feature games like Candy Crush and Minecraft first. The report further states that the store will be launched on the web rather than an…
Binance: $4.38 Million Fine
The Canadian anti-money laundering agency has issued a fine of $4.38 million USD to Binance for violating the money laundering and terrorist financing laws. The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) is Canada’s financial intelligence unit. It was established in 2000 and is responsible for overseeing compliance with the country’s anti-money laundering…
Amazon: $9 Billion Cloud Computing Investment
Amazon Web Services (AWS) has announced plans to invest $9 billion USD in expanding its cloud infrastructure in Singapore. This investment will be made over the next four years and will help AWS meet growing customer demand for cloud services and accelerate the adoption of artificial intelligence technologies. The report further states that the investment…
Samsung: $92.7 Million Sonio Acquisition Deal
Samsung Medison Co., Ltd. is a manufacturer of diagnostic ultrasound systems. It is a subsidiary of Samsung Electronics and was founded in 1985. As of 2020, the company has sold its medical devices in 110 countries, which amounts to 85% of its total sales. According to reports, Samsung Medison has announced the acquisition of Sonio,…
Microsoft: $3.3 Billion Data Center facility
Microsoft has announced plans to build a $3.3 billion USD high-tech data center facility in Wisconsin, where Taiwan electronics manufacturer Foxconn had planned to build a $10 billion USD factory but scaled back on its plans. This investment deal will create 2,300 construction jobs and 2,000 permanent jobs over time. Microsoft will also partner with…