By Niket Nishant and Manya Saini (Reuters) – Blackstone said on Thursday its massive investments in data centers would not be undermined by the low-cost artificial intelligence models from China’s DeepSeek, as the need for physical infrastructure was still vital for AI. The alternative asset manager, which has $80 billion worth of leased data centers,…
LONDON (Reuters) – Gold exports from Switzerland rose year on year in December as supplies to the United States soared to the highest since March 2022 and offset lower deliveries to top consumer China, Swiss customs data showed on Thursday. Switzerland, the world’s biggest bullion refining and transit hub, along with Britain, home to the…
By Deborah Mary Sophia and Joel Jose (Reuters) -Investors punished Microsoft with a 6% share drop on Thursday as hefty AI bets failed to drive a big increase in its cloud revenue, while Meta rose 4% after CEO Mark Zuckerberg assured Wall Street about growth with promises of a “really big year”. The chief executives…
By Zaheer Kachwala and Siddarth S (Reuters) -Tesla shares gained more than 2% on Thursday after CEO Elon Musk vowed to launch long-awaited cheaper models in the first half of 2025 and start testing an autonomous ride-hailing service in June. The promises helped investors overlook a weak fourth quarter that saw margin shrink and revenue…
