Category: Finance

artificial intelligence business Finance industry Technology

Microsoft and Nvidia-backed AI consortium buys Aligned Data Centers for $40B

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An artificial intelligence infrastructure consortium led by Microsoft Corp., Nvidia Corp. and BlackRock Inc. today announced it’s planning to buy Aligned Data Centers LLC in a deal valued at approximately $40 billion. It’s one of the largest-ever acquisitions of data centers, designed to secure vast and highly-coveted AI computing capacity for the consortium’s members. The [.] The post Microsoft and Nvidia-backed AI consortium buys Aligned Data Centers for $40B appeared first on SiliconANGLE.

development economy Finance insurance policy

Philippines gets $400-M ADB loan for insurance sector

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MANILA, Philippines – The Asian Development Bank (ADB) on Tuesday announced a $400-million policy-based loan to help boost the Philippines’ insurance sector by creating an enabling environment for broader participation in the industry. The Insurance Reform Program, Subprogram 1, would support broader financial sector development reforms in regulation and supervision, including greater intermediation of long-term

business economy Finance

BIZ BUZZ: What trillions?

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“Trillion” has been quite the buzzword lately, especially with budget deliberations and economic data coming up. But if you’re a close follower of capital market updates, or if you just happened to stumble upon social media posts lately, you’d know that there’s yet another hot topic. READ: BIZ BUZZ: Panglao Hole symposium? Over the last