OSLO, Oct 8 (Reuters) - French AI infrastructure group Sesterce said on Thursday it plans to develop a data centre site in Finland costing more than €10 billion ($11.21 billion), the latest in a series of foreign technology investments in the Nordic country.
• The first phase, with works planned to start in 2026, will have a capacity of 200 megawatt (MW), Sesterce said in a statement
• Capacity is expected to increase to 600 MW in... (continue reading...)
By Leika Kihara
TOKYO, Oct 8 (Reuters) - The Bank of Japan said on Thursday price increases driven by higher raw material costs were spreading to consumer goods with some firms hiking prices more frequently than in the past, signaling its concern over broadening inflationary pressure.
The central bank also offered an upbeat view on the economic outlook, saying brisk AI-related demand was increasing domestic output for electronic... (continue reading...)
TAIPEI, Oct 8 (Reuters) - TSMC, the world's largest contract chipmaker, reported on Thursday record third-quarter revenue of T$1.49 trillion ($46.71 billion), beating the market forecast and up 50% on the year-earlier period due to surging demand for AI applications.
An LSEG SmartEstimate, drawn from 19 analysts, was T$1.46 trillion.
Taiwan Semiconductor Manufacturing Co (TSMC) is a major supplier to companies including Nvidia... (continue reading...)
Oct 8 (Reuters) - The World Bank said on Thursday it has appointed David Vaillant as managing director and chief financial officer.
(Reporting by Ruchika Khanna in Bengaluru; Editing by Christopher Cushing)
By Munsif Vengattil
BENGALURU, Oct 8 (Reuters) - India defended its satellite internet approval process as fair and non-discriminatory on Thursday, hours after billionaire Elon Musk accused unnamed "oligarchs" of blocking Starlink's launch in the South Asian nation.
Starlink was being blocked by "certain oligarchs in order to maintain their monopolistic chokehold on the Indian people," Musk wrote on X, without naming anyone.
... (continue reading...)More Reuters
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