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Arm Holdings aims to increase its share of the global data center CPU market to 50% by 2025, up from approximately 15% in 2024, driven by the growing demand for AI technologies. The company's energy-efficient CPUs are essential for managing operations in AI systems, with major firms like Amazon, Google, and Microsoft adopting Arm technology. Notably, Amazon has reported that over half of its chips deployed in the last two years were designed using Arm's technology.
Elon Musk announced plans for the Department of Government Efficiency (DOGE) to investigate how certain members of Congress have amassed significant wealth despite modest salaries. He raised concerns about potential financial misconduct involving funds from the US Agency for International Development, suggesting a circuitous route of money that may benefit lawmakers. Musk's visit to Wisconsin also included support for conservative judicial candidate Brad Schimel, where he distributed $1 million checks to draw attention to his campaign against "activist judges."
Elon Musk's AI company, xAI, has acquired the social media platform X in a $33 billion all-stock deal, valuing xAI at $80 billion. Musk aims to merge xAI's advanced AI capabilities with X's extensive user base to enhance user experiences and promote human progress. The acquisition follows Musk's previous purchase of X for $44 billion in 2022, and xAI's flagship product, Grok, is already integrated into the platform for premium subscribers.
An Indian appeals court has ruled that Google's app store billing policy is anti-competitive, affirming findings from the Competition Commission of India. While the initial fine of 9.4 billion rupees was reduced to 2.2 billion rupees, the court upheld that Google abused its market dominance. This ruling adds to Google's ongoing global antitrust issues, including a significant fine from the European Union.
U.S. states are competing to attract advanced nuclear power projects, with over 30 initiatives planned by the early 2030s. While these smaller, modular reactors promise to be cheaper and faster to build, they face challenges such as regulatory scrutiny, public skepticism, and competition from renewable energy sources. Despite federal support and legislative backing, the future of these reactors remains uncertain, as no modular reactors are currently operational in the U.S.
Elon Musk is positioning Tesla as a key player in his AI ambitions, leveraging data from its fleet of around 5 million vehicles to enhance xAI's capabilities. While xAI's Grok lags behind competitors like OpenAI, the integration of Tesla's data could significantly boost its foundation models and autonomous driving technology. Future plans may include a potential acquisition of xAI by Tesla, though complexities arise from Tesla's public trading status.
Elon Musk announced that his startup xAI has merged with his social media platform X in an all-stock deal, valuing xAI at $80 billion and X at $33 billion. Musk emphasized the merger's potential to combine AI capabilities with X's extensive reach, while xAI's Grok chatbot is already integrated into the platform. This move follows Musk's acquisition of Twitter for $44 billion in 2022 and his ongoing efforts to compete with major AI players like OpenAI and Google.
UBS's potential departure from Zurich poses a significant risk to the city's tax revenue and job market, as banks contribute nearly 40% of corporate taxes. Despite the challenges faced by the banking sector, tax contributions from banks have risen steadily since 2020, highlighting Zurich's ongoing dependence on its financial center. The city's efforts to diversify its economy have had limited success, with major tech companies like Google paying most taxes in their home countries.
Open source is transforming the banking industry, with major institutions like Citi, JPMorgan Chase, and Morgan Stanley embracing code-sharing to modernize IT and enhance collaboration. The FINOS coalition, which surpassed 100 members, is leading this shift, promoting shared solutions and compliance frameworks, while banks aim to reduce technical debt and streamline operations through open-source technologies. As the industry moves away from legacy systems, the adoption of platforms like Linux is expected to rise significantly by 2028.
The NCLAT has upheld the CCI's ruling that Google's Play Store payment system is anti-competitive. This decision reinforces concerns over monopolistic practices in the digital marketplace, impacting how developers interact with the platform.
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Arm targets 50 percent share in data center CPU market by 2025
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states compete for advanced nuclear power amid growing energy demands
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Zurich's financial dependency on banks raises concerns amid UBS speculation
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15:54 28.03.2025
banks embrace open source to drive innovation and collaboration in finance
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NCLAT affirms CCI ruling on Google's Play Store payment practices
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