Author: Editor-In-Chief
Google Cloud and Accenture are working together in a joint unit focused on bringing engineers into businesses to help them better adopt Google’s AI tools and services. The new division, named Accenture Gemini Enterprise Business Group, is Google’s latest foray into the increasingly competitive world of forward-deployed engineers (FDEs). Rivals in the AI race, including OpenAI, Anthropic, Microsoft, and Amazon, have recently launched separate business units, betting that implementing AI models can become multitrillion-dollar businesses for them. This is the kind of bet that AI companies and hyperscalers are increasingly making. Hyperscalers are spending hundreds of billions of dollars annually…
AstraZeneca on Tuesday announced full results from two successful late-stage trials of its investigational drug for chronic obstructive pulmonary disease, raising hopes that it could generate billions of dollars in revenue for the company. Tozolakimab, a biologic, is under priority review by the Food and Drug Administration, with U.S. approval expected in the first quarter of 2027. The drug, given once every four weeks, has helped reduce flare-ups in a wide range of people with the condition. “We truly believe that many people with COPD will benefit from this new drug,” Ruud Dobber, president of AstraZeneca’s biopharmaceutical business, said in…
Foreign Secretary Ed Miliband arrives at Downing Street in London for a cabinet meeting. Photo date: Tuesday, September 8, 2026. Stéphane Rousseau | Pa Images | Getty ImagesThe British government is moving forward with plans for sanctions targeting Israeli settlements in the occupied West Bank, despite warnings from US officials and lawmakers of the economic impact.British Foreign Secretary Ed Miliband told parliament on Tuesday that Britain would ban imports from Israeli settlements built on land internationally recognized as Palestinian territory. He added that the measures are expected to take six to nine months to take effect.Mr Miliband told British MPs:…
Buffalo, New York.Sean Pavone | iStock | Getty ImagesA version of this article first appeared in the CNBC Property Play newsletter with Diana Orrick. Property Play covers new and evolving opportunities for real estate investors, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large publicly traded companies. Sign up to receive future editions directly to your inbox.Prices in the condominium market show no signs of slowing down, and an increasing number of renters are refraining from purchasing. And rents are starting to rise again, with more tenants moving to cheaper markets.Buffalo, New York. Chicago and…
Qualcomm Shares rose 4% on Tuesday after the company announced a data center infrastructure partnership. Amazon Web services, big win as chipmakers take on challenges Nvidia in the artificial intelligence market. As part of the deal, Qualcomm issued warrants to Amazon to acquire 25 million shares of its stock at a price of $161.26 per share, for a total investment of $4 billion, the company said in a filing with the Securities and Exchange Commission.According to a press release about the technology agreement, Qualcomm will work with Amazon “across multiple generations of customized silicon” to help build AWS’ AI infrastructure,…
A Boeing 747 belonging to Iran’s Mahan Air, pictured at Mehrabad Airport in western Tehran, Iran, on October 16, 2024 (top). Morteza Nicobazul | Nur Photo | Getty ImagesThe Treasury Department on Tuesday sanctioned 27 Iranian airlines and a handful of other companies as part of continued efforts to isolate Iran’s economy.The move comes as the Iranian government and its proxies continue to launch attacks in the Strait of Hormuz and surrounding areas, further drawing other countries into the United States’ more than six-month war and increasing pressure on global energy prices.The latest US action under “Operation Economic Purge” targets…
French AI institute Mistral AI announced on Tuesday that it had raised 3 billion euros (about $3.58 billion) at a post-money valuation of more than 21 billion euros (about $24.39 billion), confirming previous rumors. The Series D round, which Mistral described as “the largest equity financing round ever completed by a European technology company,” was led by Samsung Electronics, with co-lead participation from ScaleUp Europe Fund managed by EQT and existing investor PSG Equity. Mistral said it will use the funding to expand computing capacity, build infrastructure, accelerate commercial growth and expand its international footprint. The funding could also help…
Swiss pharmaceutical CEO: US patients will ultimately bear the cost of generic drug tariffs threatened by President Donald Trump sand told CNBC, warning that manufacturers could be forced to raise prices or cut supplies of some drugs. “Patients are paying the tariff,” Sandoz CEO Richard Sayner said in an interview with CNBC on Capital Markets Day. “No company is going to systematically continue supplying products at significant losses,” he said on Tuesday. “So the choice is either to raise the price or not supply the product.” President Trump said in July that his administration was trying to encourage drug companies…
As Washington abandons negotiations with Iran due to an aggressive economic pressure campaign, the cornered Iranian government is now threatening military escalation and broader war to force negotiators back to the table. US President Donald Trump has ruled out diplomacy with the Islamic Republic, saying the June ceasefire agreement was “not worth the paper it was written on.” Instead, his administration has increased pressure on Iran through a global sanctions campaign, military strikes, and a naval blockade that prevents supplies from entering and exiting the country. The multi-pronged operation has put Iran under unprecedented pressure, forcing its exhausted population to…
A woman scrolls through the Instagram application on her smartphone on March 12, 2026 in Sartene Corsica, France. Grishka Bason-Leandri | AFP | Getty ImagesAustralia plans to give social media users the ability to turn off algorithm-based feeds in proposed legislation, the government and regulators making the latest move to rein in Big Tech this year.Prime Minister Anthony Albanese’s government announced on Tuesday that it is proposing a “My Feed My Way” initiative. This would force social media platforms to either choose to show users over the age of 16 a feed of algorithmically personalized content recommendations, or to “opt…