Google paid Apple $20B in 2022 alone for default status: docs
Google will replace Apple as the default search engine for its Safari web browser by 200% in 2022 alone, according to unredacted documents revealed on the eve of Thursday’s closing arguments that conclude the Justice Department’s landmark antitrust case. He paid a huge sum of 100 million dollars. The huge figure was revealed in public […]
Intel plans US building spree with $20B federal CHIPS subsidies
In “The Claman Countdown,” Intel CEO Pat Gelsinger details how $8.5 billion from CHIPS and the Science Act will be used for four projects, including a factory in Ohio. Semiconductor giant Intel announced Wednesday that it will receive approximately $20 billion in federal grants under the CHIPS and Science Act to advance semiconductor manufacturing projects […]
Intel receiving whopping $20B from Biden to boost US chip output
The Biden administration announced Wednesday that it will give Intel nearly $20 billion in grants and loans as part of the CHIPS Act, significantly expanding the company’s domestic semiconductor production and making it the government’s largest subsidy for cutting-edge chip production. This will be the largest expense. President Joe Biden is expected to announce a […]
US seeks collection on up to $20B in unpaid COVID loans to small businesses
U.S. federal regulators have begun holding small businesses and nonprofits accountable for delinquencies on about 1 million government loans issued during the pandemic, worth $20 billion in face value. The Small Business Administration this week began referring abandoned coronavirus disaster loans with balances of $100,000 or less to the Treasury Department for recovery, according to […]
Elon Musk’s xAI startup targets valuation as high as $20B: sources
Elon Musk’s artificial intelligence startup xAI, which created the insidious Grok chatbot, aims to raise billions of dollars in a private funding round in the coming weeks, valuing the company at $20 billion. The Post reported that this is a possibility. The new funding, which comes as major rival Google grapples with its “woke” AI […]