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No firm is immune if AI bubble bursts, says Google CEO
Opens new tab Chief Executive Sundar Pichai said no company would be unscathed if the artificial intelligence boom collapses, as soaring valuations and heavy investment in the sector fuel concerns of a bubble. Pichai said in an interview with the BBC published on Tuesday that the current wave of AI investment was an “extraordinary moment” but acknowledged “elements of irrationality” in the market, echoing warnings of “irrational exuberance” during the dotcom era. There has also been much debate among analysts about whether AI valuations are sustainable. Asked about how Google would cope…
Read MoreCloudflare recovers after global internet disruption
Cloudflare restored full services on Tuesday after an outage temporarily blocked thousands from accessing major platforms, including X and ChatGPT. The company said the outage that began around 6:30am ET was caused by an automatically generated configuration file, designed to manage potential security threats. The file grew too large and crashed the software system handling traffic for several Cloudflare services, the company, whose network handles around a fifth of web traffic, said. The company said it has started to investigate and has deployed a fix but some customers might still…
Read MoreECC sanctions grants to boost defence, border management
The Economic Coordination Committee (ECC) on Tuesday sanctioned key grants and reforms to bolster Pakistan’s defence and national security, the Finance Ministry confirmed. The committee’s session, chaired by Finance Minister Senator Muhammad Aurangzeb, also okayed food security and petroleum sector operations, according to the press release issued by the ministry. The committee sanctioned a technical supplementary grant (TSG) of Rs100.3 million for the maintenance of defence equipment used by the Federal Civil Armed Forces and another Rs841.56 million for enhanced border management, internal security, and law and order. It also…
Read MoreMusk, Ronaldo among guests at Trump’s dinner with Saudi Arabia’s MBS
WASHINGTON: Tech mogul Elon Musk and football star superstar Cristiano Ronaldo were among the guest attending a high-profile White House dinner hosted by US President Donald Trump for the visiting Saudi crown prince on Tuesday. Ronaldo plays for Saudi club Al Nassr, one of a number of ageing players who have been attracted to the desert kingdom’s heavy spending on stars despite its rights record. The 40-year-old, whose contract with the Saudi club ends this summer, took his place near the head of Trump’s table a few seconds before the…
Read MoreUS, Saudi Arabia clinch defining nuclear, F-35 deals in major strategic push
The United States and Saudi Arabia signed agreements on civil nuclear energy and the sale of advanced US-made F-35 fighter jets during Crown Prince Mohammed bin Salman’s visit to Washington on Tuesday, the White House said. The two countries ratified a “joint declaration” on civil nuclear energy that “builds the legal foundation for a decades-long, multi-billion-dollar nuclear energy partnership” in line with “strong nonproliferation standards,” the White House said in a statement. In addition, President Donald Trump approved a “major defence sale package,” which includes future deliveries of F-35 advanced…
Read MoreMBS vows $1tr US investments in meeting with Trump
Donald Trump on Tuesday praised Crown Prince Mohammed bin Salman’s pledge to invest $1 trillion in the United States, as the Saudi royal received a grand reception at the White House. Trump moved to consolidate his growing bromance with the Saudi leader, who is at the Oval Office for the first time in seven years, giving him a parade of soldiers on horseback and a military flypast featuring F-35 jets that he said Washington would soon sell to Riyadh. Trump opened their White House meeting with praise for the prince’s…
Read MoreTrump claims credit for averting Pak-India ‘war that was almost ready to start again’
US President Donald Trump on Wednesday claimed that he had actually stopped eight battles, including a war from “restarting” between nuclear-armed neighbours, Pakistan and India. Addressing a joint press conference along with Saudi Arabia’s Crown Prince Mohammed bin Salman, who is visiting the US for the first time in seven years, at his Oval Office, Trump said: “I’ve stopped eight wars… I’ve actually stopped eight wars.” The US president said that he had done a lot of good with his office. He said, “We stopped India and Pakistan. I could…
Read MoreICAST-2025 opens in Islamabad, showcasing Pakistan’s growing space role
ISLAMABAD: Pakistan took a major step forward in its space programme on Tuesday with the launch of the International Conference on Applications of Space Science and Technology (ICAST-2025), billed as the region’s largest space science and technology forum. The conference opened at the Institute of Space Technology (IST), and is being jointly organised by the Pakistan Space and Upper Atmosphere Research Commission (Suparco) and IST. The conference is being held with the collaboration of the Inter-Islamic Network on Space Sciences and Technology (ISNET), the Asia-Pacific Space Cooperation Organisation (APSCO), the…
Read MoreGoogle drives green energy push for Christmas Island data hub
SYDNEY: Australia’s remote Indian Ocean outpost of Christmas Island has sufficient power capacity to host a new Google data centre without affecting local supply, but its arrival could help drive a shift towards renewable energy, the island’s biggest employer and the tech giant said. Alphabet’s Google announced on Monday that it will build a data hub on the tiny island, located about 350 km (220 miles) south of Indonesia, confirming an earlier Reuters report. The company also said it would construct a subsea cable system linking Christmas Island with the Maldives and…
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