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CNN —Microsoft said it is pouring $3.3 billion into building a data hub in Wisconsin that aims to train employees and manufacturers on how to best use artificial intelligence. The new center aims to create 2,300 union construction jobs and 2,000 permanent jobs over time, according to Microsoft. In his remarks Wednesday, Biden plans to directly point his finger at Trump for the failed project, according to a White House official. The White House also introduced an order in 2023 to require AI system developers to share results of their safety tests with the federal government before they are released to the public. Beyond AI, Wisconsin is seeing a spate of funding toward futuristic industries.
Persons: Joe Biden, Trump, Satya Nadella, Biden, Microsoft’s Organizations: CNN, Microsoft, University of Wisconsin, University of Wisconsin -, Trump, White, Infrastructure Law, Badger Locations: Wisconsin, Mount Pleasant , Wisconsin, America, Milwaukee, University of Wisconsin - Milwaukee, United States, Racine –
Foxconn founder Terry Gou has withdrawn from Taiwan's presidential race. AdvertisementTerry Gou, the founder of Foxconn – Apple's main manufacturer of iPhones – has dropped out of Taiwan's presidential race. Taiwan's presidential race is closely watched because China claims the self-ruled island — a semiconductor powerhouse — as its own territory. The more opposition candidates there are, the more these votes could be split against the ruling party to ensure Lai's win. Other presidential candidates in the island's presidential race are DPP's Lai, KMT's Hou Yu-ih, and former Taipei mayor Ko Wen-je from the Taiwan People's Party.
Persons: Terry Gou, Gou, , Foxconn, , William Lai, Xi Jinping, Lai, Beijing wouldn't, Tammy Lai, KMT's Hou Yu, Ko Wen Organizations: Service, Democratic Progressive Party, Nvidia, Kuomintang, ih, Taiwan People's Party Locations: China, Taiwan, Beijing, Taipei
[1/2] A man walks past the logo of Vedanta outside its headquarters in Mumbai, India January 31, 2018. REUTERS/Danish Siddiqui//File Photo/File PhotoMay 31 (Reuters) - The Indian government is poised to deny crucial funding for Anil Agarwal's chip venture, Bloomberg News reported on Tuesday, a setback to the billionaire's ambition to build India's 'own Silicon Valley.' The venture's application seeking billions in government assistance hasn't met the criteria set by the government, the report said. Foxconn declined to comment on the report, while India's technology ministry and Vedanta did not immediately respond to Reuters requests for comment. "India's own Silicon Valley is a step closer now," Agarwal had said last year after the announcement.
Persons: Danish Siddiqui, Anil Agarwal's, Taiwan's Foxconn, hasn't, Foxconn, Foxconn –, , Agarwal, Anusha, Shailesh Organizations: Vedanta, REUTERS, Danish, Bloomberg, Hai Precision Industry Co, Thomson Locations: Mumbai, India, Gujarat, Bengaluru
Geopolitics is shrinking India’s risk premium
  + stars: | 2023-05-09 | by ( Una Galani | ) www.reuters.com   time to read: +7 min
They are lured by a country whose potential as an alternative investment destination to China increasingly outweighs the local challenges of doing business. India’s $3 trillion economy is forecast to grow by 6.5% this fiscal year, continuing to outpace the rest of the world. Executives and investors also see a business-friendly government that is likely to remain in power for the next half-decade. Morgan Stanley analysts and strategists expect India to become the world’s third-largest economy and stock market before the end of the decade. The India risk premium is rapidly disappearing.
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