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Hitachi partners with Anthropic to deploy Claude across 290,000 employees and strengthen Lumada 3.0

Hitachi has announced a strategic partnership with Anthropic that will see the Japanese industrial conglomerate deploy Claude AI models across its entire workforce of approximately 290,000 employees, in what it describes as a move to strengthen its “Lumada 3.0” business model. The deal positions Hitachi as one of the largest enterprise adopters of Claude globally, […]

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Meta’s $200 billion Hyperion data centre in Louisiana is the most expensive private infrastructure project in American history

Meta is building the most expensive single piece of private infrastructure in American history. Hyperion, the company’s AI data centre campus in Richland Parish, Louisiana, now carries a projected cost of more than $200 billion, a figure that has grown steadily since the project was first announced at $10 billion in December 2024. The campus […]

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Geely-backed ECARX signs $750 million deal to build purpose-built robotaxis for May Mobility

ECARX, the automotive technology company backed by Geely founder Li Shufu, has signed a strategic framework agreement with May Mobility to supply thousands of autonomy-enabled vehicles for the American robotaxi operator’s commercial fleet. The deal, valued at approximately $750 million, pairs a Chinese-founded hardware supplier with one of the few US robotaxi companies that has […]

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$20bn Kimi developer Moonshot abandons VIE structure for HK listing

The $20bn Kimi developer has informed shareholders it will dismantle its variable-interest-entity structure, after Beijing made it clear an exemption was unlikely. The IPO would be one of the biggest Chinese AI listings on record. Moonshot AI, the Beijing-based developer of the Kimi chatbot, has told shareholders it intends to dismantle its variable-interest-entity (VIE) structure […]

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Standard Chartered will cut 7,800 back-office jobs to ‘the machines’ by 2030

Bill Winters told investors in Hong Kong that the bank’s HR, risk and compliance functions will shrink by more than 15% over five years, with the headcount efficiency aimed at lifting income-per-employee 20% by 2028. Standard Chartered will cut more than 15% of its back-office roles by 2030, chief executive Bill Winters told investors at […]

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Blackstone takes the majority position in Google’s new TPU cloud

The two have formed a joint venture to build a US-based AI compute-as-a-service business on Google’s TPUs, with $5bn of Blackstone equity, $25bn total deal value including leverage, and 500 MW of capacity targeted for 2027. Blackstone and Google have formed a joint venture to build a US-based AI compute-as-a-service business on Google’s tensor processing […]

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SpaceX raises Starlink prices across every consumer plan and doubles the cost of Standby Mode

SpaceX has raised the price of every consumer Starlink plan in the United States, adding $5 to $10 per month across its residential and mobile tiers while doubling the cost of its budget Standby Mode from $5 to $10. The increases, which took effect immediately for new subscribers and will apply to existing customers from […]

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Meta begins cutting 8,000 jobs this week as record profits fund a $145 billion AI infrastructure bet

Meta will begin cutting approximately 8,000 jobs on 20 May, the largest single round of layoffs the company has undertaken since its 2023 restructuring, in a move that lays bare the scale of Mark Zuckerberg’s bet that artificial intelligence infrastructure is worth more than the people it replaces. The company is also cancelling 6,000 open […]

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