April 16, 2026
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Tag : Microsoft

Business

Modi unveils 2047 tax holiday to grow India data centres

omandailynews.com
MENA Newswire, NEW DELHI: India’s government has proposed a tax holiday through 2047 for foreign companies that provide cloud services to customers worldwide while running those workloads using data centre services based in India, a long-horizon incentive unveiled in the Union Budget 2026 to strengthen the country’s role in global digital infrastructure......
Technology

Microsoft launches Maia 200 chip for Azure AI inference

omandailynews.com
MENA Newswire, SAN FRANCISCO: Microsoft on Jan. 26 introduced Maia 200, the second generation of its in-house artificial intelligence accelerator, built to run AI models in production across Azure data centres. The company said Maia 200 is designed for inference, the stage where trained models generate responses to live requests, and will be......
Business

Alphabet becomes fourth company to cross $4 trillion valuation

omandailynews.com
MENA Newswire, SAN FRANCISCO: Shares of Alphabet Inc. rose sharply on Monday, lifting the Google parent’s market capitalization above $4 trillion for the first time and placing it among a small group of companies to reach that valuation threshold. The milestone was achieved during intraday trading as Alphabet’s Class A and Class C shares......
Featured News

AI to create meaningful work by replacing repetitive tasks, says report

omandailynews.com
AI will generate millions of jobs by 2025 while automating repetitive work, enabling industries like healthcare and finance to innovate and focus on creativity, experts say....
Technology

Meta Platforms enjoys stock surge after smashing Q1 earnings expectations

omandailynews.com
Meta Platforms (META) stock experienced a 14% surge on Thursday after the company’s Q1 results, released late Wednesday, exceeded expectations. The company also raised its forecast for the current quarter while lowering its expense outlook. Trading at $239, shares of the Facebook and Instagram parent company reached their highest levels......
Business

Amazon Web Services awarded $700 million contract by U.S. Navy

omandailynews.com
Amazon Inc’s cloud computing division was awarded a $723.9 million enterprise software license contract by the United States Navy. With the deal, the Navy will be able to access Amazon Web Services’ (AWS) commercial cloud environment, Professional Services, and training and certification courses. As part of the Joint Warfighting Cloud......
Business

Saudi wealth fund PIF purchases Alphabet, Zoom, and Microsoft shares

omandailynews.com
A broad selection of US stocks was purchased by Saudi Arabia’s Public Investment Fund (PIF), bringing its investment portfolio’s value to about $40.8 billion at the end of the second quarter. According to a US Securities and Exchange Commission filing, the PIF acquired 213,000 class A shares in Alphabet, 4.7......