Author: potus

Chinese tech company Tencent is a gaming giant and the parent company of WeChat, the ubiquitous social messaging app in China.Cheng Xin | Getty Images News | Getty ImagesTencent has spent years evolving into a gaming and social media giant in China and in the process, has built up its cloud computing capabilities.The technology firm is now looking to bring that expertise to Europe as it ramps up expansion of its cloud business overseas, Dowson Tong, CEO of Tencent’s cloud group told CNBC.”We have strengths and competence in very specific technology areas, as well as industry verticals,” Tong said in…

In the span of about eight hours on Monday, President Donald Trump went from suggesting a nuclear deal with Iran remained “achievable” to urging Tehran’s 9.5 million residents to flee for their lives as he cut his visit to the international G7 summit short to return to Washington for urgent talks with his national security team.Trump expressed frustration with Iranian leaders for failing to reach an agreement, adding that he wants “a real end” to the conflict and a “complete give-up” of Tehran’s nuclear program. Trump, who said he plans to meet with advisers in the Situation Room. Other news…

An Amazon worker moves boxes on Amazon Prime Day in the East Village of New York City, July 11, 2023.Spencer Platt | Getty ImagesAmazon is extending its Prime Day discount bonanza, announcing that the annual sale will run four days this year.The 96-hour event will start at 12:01 a.m. PT on July 8, and continue through July 11, Amazon said in a release.For the first time, the company will roll out themed “deal drops” that change daily and are available “while supplies last.” Amazon has in recent years toyed with adding more limited-run and invite-only deals during Prime Day events…

Illustration of the SK Hynix company logo seen displayed on a smartphone screen.Sopa Images | Lightrocket | Getty ImagesShares in South Korea’s SK Hynix extended gains to hit a more than 2-decade high on Tuesday, following reports over the weekend that SK Group plans to build the country’s largest AI data center.SK Hynix shares, which have surged almost 50% so far this year on the back of an AI boom, were up nearly 3%, following gains on Monday. The company’s parent, SK Group, plans to build the AI data center in partnership with Amazon Web Services in Ulsan, according to domestic…

OpenAI CEO Sam Altman speaks during the Snowflake Summit in San Francisco on June 2, 2025.Justin Sullivan | Getty Images News | Getty ImagesOpenAI has been awarded a $200 million contract to provide the U.S. Defense Department with artificial intelligence tools.The department announced the one-year contract on Monday, months after OpenAI said it would collaborate with defense technology startup Anduril to deploy advanced AI systems for “national security missions.””Under this award, the performer will develop prototype frontier AI capabilities to address critical national security challenges in both warfighting and enterprise domains,” the Defense Department said. It’s the first contract with…

(The Center Square) — Entergy Louisiana is planning at least an $8 rate hike over the next five years for residential customers, as the utility seeks to cover the cost of infrastructure upgrades to handle a projected increase in electricity demand, according to filings with the Louisiana Public Service Commission.For homes using more than 1,000 kilowatt-hours per month, the hikes will be higher if the commission approves the increase.Entergy is pursuing several projects to accommodate new demand, including Hyundai’s steel plant in Ascension Parish and Meta’s data center in Richland Parish. As previously reported, ratepayers will be responsible for $470…

WASHINGTON (AP) — Senate Republicans on Monday proposed deeper Medicaid cuts, including new work requirements for parents of teens, as a way to offset the costs of making President Donald Trump’s tax breaks more permanent as they unveiled draft legislation for his “big, beautiful bill.”The proposals from Republicans keep in place the current $10,000 deduction of state and local taxes, called SALT, drawing quick blowback from GOP lawmakers from New York and other high-tax states, who fought for a $40,000 cap in the House-passed bill. Senators insisted negotiations will continue.The Senate draft also enhances Trump’s proposed new tax break for…

NEW ORLEANS (AP) — The Supreme Court announced Monday it will hear an appeal from Chevron, Exxon and other oil and gas companies that lawsuits seeking compensation for coastal land loss and environmental degradation in Louisiana should be heard in federal court. The companies are appealing a 2024 decision by a federal appeals court that kept the lawsuits in state courts, allowing them to move to trial after more than a decade in limbo.A southeast Louisiana jury then ordered Chevron to pay upwards of $740 million to clean up damage to the state’s coastline. The verdict reached in April was…

As health care workers retire and patients face avoidable delays, Louisiana has launched a scalable strategy to rebuild its workforce. The Health Care Employment Reinvestment Opportunity Fund brings health care employers and educators together to expand training capacity, improve graduation rates, and grow health care career opportunities.In April, the Louisiana Department of Health announced nearly $7 million in matching HERO Fund grants to train 800 additional high-demand health care professionals, with a nearly $30 million annual economic impact from those new jobs.”Nationwide, and especially here in Louisiana, we are facing serious health care workforce shortages,” said LDH Undersecretary Drew Maranto.…

Thomas Kurian, CEO of Google Cloud, speaks at a cloud-computing conference held by the company in 2019.Michael Short | Bloomberg | Getty ImagesGoogle apologized for a major outage that the company said was caused by multiple layers of flawed recent updates.The company released an incident report late on Friday that explained hours of downtime on Thursday. More than 70 Google cloud services stopped working properly across the globe, knocking down or disrupting dozens of third-party services, including Cloudflare, OpenAI and Shopify. Gmail, Google Calendar, Google Drive, Google Meet and other first-party products also malfunctioned.”We deeply apologize for the impact this…