Feb 13 (Reuters) – The U.S. Federal Trade Commission is stepping up scrutiny of Microsoft and has “seeked answers from the company’s rivals about the tech giant’s licensing and other business practices,” Bloomberg News reported on Friday. The agency has sent civil investigation requests in recent weeks to Microsoft’s competitors in the enterprise software and…
By Padmanabhan Ananthan and Angela Christy M. (Reuters) -Swiss drugmaker Novartis said on Sunday it has agreed to acquire U.S. biotech firm Avidity Biosciences for about $12 billion in cash, as the company seeks to bolster its portfolio of treatments for rare muscle disorders. Under the terms of the deal, Avidity shareholders will receive $72…
(Reuters) -Meta Platforms was close to sealing a nearly $30 billion financing package for its data center in rural Louisiana, which would be the largest private equity deal on record, Bloomberg News reported on Thursday. Large-scale cloud service providers, called hyperscalers, have been racing to build AI infrastructure, with most of the investment going into…
(Reuters) -The United States has approved exports of Nvidia chips worth several billion dollars to the United Arab Emirates, Bloomberg News reported on Wednesday. The Commerce Department’s Bureau of Industry and Security recently issued Nvidia export licenses under the terms of a bilateral artificial intelligence agreement signed in May, according to the report, citing people…
