Amazon’s cloud unit Amazon Web Services said yesterday that it is investing $100 million in a Generative Artificial Intelligence center to help firms use Generative AI. The announcement shows AWS recognizes the importance of the current moment in generative AI space and the significance of being in the talks, alongside competitors Microsoft and Google. AWS CEO Adam Selipsky…
The USA and India will announce multiple defense and technology collaborations during Indian Prime Minister Narendra Modi’s state visit to the USA as reported by the USA officials. Modi is on his maiden state visit to the USA. From deepening defense or military ties to increased collaboration on technology and diversification of supply chains, senior…
In an effort to benefit from tax, South Korea’s Hyundai Motor Group and LG Energy Solution Ltd said on Friday that they will construct a $4.3 billion electric vehicle (EV) battery facility in the United States. To be eligible for up to $7,500 in tax credits under the Inflation Reduction Act (IRA), purchasers of manufacturers’…
Tesla has promoted itsChina chief Tom Zhu to take oversight of its U.S. assembly plants and sales operations in Europe and North America. Zhu’s position of vice president for Greater China remains unchanged as he retained his roles as Tesla’s senior-most executive for sales in the Asia as of 3rd January. This move makes Tom Zhu…
