Caladerart

Microsoft on Tuesday plans to announce a $1.5 billion investment in G42, an artificial intelligence giant in the United Arab Emirates, in a deal largely orchestrated by the Biden administration to box out China as Washington and Beijing battle over who will exercise technological influence in the Gulf region and beyond.Under the partnership, Microsoft will give G42 permission to sell Microsoft services that use powerful A.I. chips, which are used to train and fine-tune generative A.I. models. In return, G42, which has been under scrutiny by Washington for its ties to China, will use Microsoft’s cloud services and accede to a security arrangement negotiated in detailed conversations with the U.S. government. It places a series of protections on the A.I. products shared with G42 and includes...

Unlike the consumer goods, beverage or retail sectors, the note continued, there are no large consultancies publishing market share data on the Swiss watch sector. “This is due to the impracticality of conducting such surveys and the discreet nature of the Swiss watch industry,” it said.Perhaps no brand is more discreet, nor influential, than Rolex, which continues to dominate the market. According to Morgan Stanley’s seventh annual report, released in February, Rolex’s share is said to have grown — to 30.3 percent — on the strength of its 2023 sales, estimated to have topped 10 billion Swiss francs.Yet, because the company is said to forbid its authorized dealers from sharing point-of-sale data with third parties, Luxury Watch Barometer’s monthly reports don’t include the brand.The Pre-Ow...