EU Antitrust Regulators Examine Oracle Cloud Licensing Practices
Oracle’s software licensing practices are drawing scrutiny from European Union antitrust regulators, according to a person familiar with the matter, potentially opening a new competition challenge for the US cloud computing giant. The European Commission has been seeking information from third parties about Oracle’s licensing practices, the person said. The information-gathering exercise could help regulators…
Musk’s SpaceX Turbine Push Could Ease AI Power Crunch — but Raises Pollution Concerns
Elon Musk says SpaceX is developing an in-house manufacturing capability that could accelerate the production of natural gas turbines needed to power the rapidly expanding AI data center industry. Musk confirmed on Saturday that a SpaceX facility under construction in Bastrop, Texas, will include a foundry for manufacturing turbine blades and vanes. The move is…
Microsoft Works on Fix as Outlook Outage Disrupts Exchange Online Services
Microsoft is testing a fix for a widespread, multi-hour outage that disrupted Outlook and other Exchange Online services, affecting email delivery, authentication and related functionality. The company confirmed the disruption on Monday, saying users were experiencing degraded performance across its cloud-based Exchange Online platform, which supports business email, calendars, contacts and tasks. Microsoft initially investigated…
Anthropic Suspends New AI Models After US Government Restricts Foreign Access
Artificial intelligence company Anthropic has temporarily withdrawn its latest AI models after receiving a directive from the U.S. government to limit access for foreign nationals due to national security concerns. The company confirmed that it has suspended access to its newest models, Mythos 5 and Fable 5, after U.S. officials raised concerns over a potential…
National Institutes of Health Considers Grant Limits to Support More Scientists
The National Institutes of Health (NIH) is proposing new limits on the number of research grants a scientist can hold at one time, aiming to distribute funding more broadly across the U.S. research community. The proposal is part of NIH’s effort to maximize the impact of its approximately $38 billion annual research budget and provide…
Microsoft Unveils Upgraded Quantum Chip, but Scientists Remain Divided
Microsoft has introduced an upgraded version of its experimental quantum computing chip, claiming significant improvements in reliability and error resistance. However, some scientists remain unconvinced that the company has fully achieved the breakthrough it is aiming for. Quantum computers have the potential to solve complex problems far beyond the capabilities of traditional computers, but one…
Qatar Investment Authority and COFIDES Launch €300 Million Investment Fund for Spanish SMEs
Qatar Investment Authority (QIA) and COFIDES have announced the launch of a new €300 million ($327 million) joint investment fund aimed at supporting the growth of Spanish businesses and accelerating the country’s economic transformation. The new initiative, called the Ispania Growth Fund, will focus on investing in Spanish small and medium-sized enterprises (SMEs), particularly companies…
Oman to Host $1 Billion Lithium-Ion Battery Anode Plant in Sohar Freezone
Oman is set to strengthen its position in the global clean energy sector after Chinese company Zhongke Electric launched construction of a major lithium-ion battery anode manufacturing facility in Sohar Freezone. The project, valued at approximately $1 billion, will become one of the company’s largest production bases outside China and one of the largest lithium-ion…
Peec AI Crosses $10 Million Revenue Milestone as AI Search Market Expands
Berlin-based startup Peec AI has reportedly surpassed $10 million in annualized revenue, marking rapid growth for one of Europe’s emerging artificial intelligence companies. According to reports, the startup more than doubled its revenue trajectory within a few months after previously reporting annualized revenue of over $4 million shortly after launching. The company recently raised a…
Gold Prices in Dubai Continue to Decline, Falling Dh25 in 11 Days
Gold prices in Dubai remained under pressure on Friday as global economic uncertainty and rising bond yields continued to impact precious metal markets. The price of 24K gold opened at Dh545.75 per gram, slightly lower than Thursday’s closing price of Dh547.50 per gram. Gold prices have now fallen by around Dh25 per gram since reaching…
