The United Arab Emirates will construct the largest artificial intelligence campus outside the United States under a new agreement with the Trump administration, bypassing previous restrictions tied to concerns over Chinese access to advanced technology.

Sony Corp. expects its operating profit to remain nearly flat this financial year, forecasting a 0.3% rise to 1.28 trillion yen (USD 8.7 billion), as it absorbs a 100 billion yen impact from U.S. trade tariffs.

Microsoft will lay off around 6,000 employees, or less than 3% of its workforce, as part of a company-wide restructuring aimed at managing costs while expanding its artificial intelligence operations.

Alibaba Group Chairman Joe Tsai has named artificial intelligence as the central force behind the company’s growth strategy for the next three to five years.

Top executives from OpenAI, Microsoft and Advanced Micro Devices told the U.S. Senate on Thursday that the country must improve infrastructure and ease AI chip export restrictions to maintain its lead over China in artificial intelligence.

Grab Holdings Ltd. is aiming to acquire Indonesian tech firm GoTo Group in the second quarter of 2024, according to two sources familiar with the matter.

DoorDash will acquire British food delivery company Deliveroo in a deal valued at approximately USD 3.85 billion, the companies announced Tuesday.

Foxconn, the world’s largest contract electronics manufacturer and Apple’s primary iPhone assembler, reported a 25.54% year-on-year increase in revenue for April.