October 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...
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...
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...
Business

Tech stocks lift Wall Street amid trade deal uncertainty

omandailynews.com
U.S. stocks posted strong gains on Thursday, driven by a rally in technology shares, even as uncertainty continued over potential progress in trade negotiations between the United States and China. The benchmark S&P 500 rose 1.4%, while the Nasdaq Composite...
Featured News

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

omandailynews.com
MENA Newswire News Desk: Artificial intelligence (AI) is expected to transform industries globally by creating new job opportunities rather than eliminating them. According to the World Economic Forum, AI is projected to generate 97 million new jobs by 2025, even...
Technology

Sheikh Mohamed discusses AI collaboration with Microsoft and BlackRock in Washington

omandailynews.com
MENA Newswire News Desk: UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan met with top executives from Microsoft, BlackRock, and Nvidia in Washington, underscoring the growing partnership between the UAE and the U.S. in the fields of artificial...
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...