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Meta Platforms will be renting Google’s artificial intelligence (AI) chips in a multi-billion-dollar deal. These chips will reportedly be used to develop new AI models. The agreement comes amid the global race to secure AI chips and infrastructure with surging demand.
Shares of Waaree Energies, Premier Energies, and Vikram Solar fell sharply after the US announced preliminary duties of nearly 126% on solar imports from India, with analysts expressing concerns over potential risks to exports and margins.
A key indicator of Japan’s services-sector inflation rose 2.6% in January from a year earlier, underscoring sustained price pressures driven by rising labor costs.
The Japanese yen hovered near a two-week low as the government nominated two academics perceived as willing to tolerate higher inflation to stimulate growth to join the Bank of Japan board. The Australian dollar surged 0.7% to $0.7109 after a stronger-than-expected inflation reading raised the prospect of additional rate hikes.
Prime Minister Narendra Modi will pay a state visit to Israel on February 25-26, the Prime Minister's Office announced on Tuesday, marking his second visit to the country.
Gold prices extended gains in early Monday trade, climbing to multi-week highs across global and domestic markets as investors sought refuge amid renewed uncertainty surrounding US trade policy and rising geopolitical risks.
Hong Kong authorities plan to spend about HK$4 billion (£512 million) to buy out the owners of apartments destroyed in a high-rise fire last November that killed more than 160 people.
OpenAI is planning to spend around $600 billion on computing through 2030 as it prepares for a potential IPO that could value the company at up to $1 trillion.
US Envoy Sergio Gor confirmed that the US is in active negotiations with India over the sale of Venezuelan oil to help diversify India's oil sourcing.