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SoftBank Is Courting Trump With a Proposal To Invest $100 Billion in AI.

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Photo: Spencer Platt (Getty Images)

(VOR News) – In the next four years, Softbank (SFTBY +0.88%), a Japanese investment giant, intends to invest a total of one hundred billion dollars in the United States.

“The decision was made out of optimism about the administration that would be led by President-elect Donald Trump,” stated the chairman of the company.

The infrastructure that is associated with artificial intelligence will be the primary focus of the investments, as reported by CNBC. This infrastructure encompasses the production of semiconductor processors and data centres that contain equipment that is pertinent to artificial intelligence.

In order to achieve the objective of generating one hundred thousand new employment, the funds will be invested before the conclusion of Trump’s second term as president.

Softbank’s Vision Fund, capital projects, and Arm Holdings may have contributed.

Furthermore, there is a possibility that the funding is not newly raised and may include investments that have been disclosed in the past, such as the company’s $1.5 billion investment in OpenAI.

Masayoshi Son has become a fervent advocate for artificial intelligence (AI) in his capacity as Chief Executive Officer of Softbank. He has even gone so far as to seek investment advice from ChatGPT, which is a component of OpenAI.

He has likened those who are sceptic of the technology to goldfish that will be “left behind.” According to a report published by The Financial Times in May, Softbank was reportedly prepared to allocate up to $9 billion annually to artificial intelligence initiatives.

During the same month, Wayve, a company that specialises in autonomous vehicles, received one billion dollars in funding. It served as the impetus for this funding round.

While holding a press conference with the incoming president at his Mar-a-Lago estate, Son made the following statement: “I would really like to celebrate the great victory of President Trump, and my confidence level in the economy of the United States has tremendously increased with his victory.”

“I would really like to also celebrate the fact that President Trump has won the election.” “I would particularly like to celebrate the fact that President Trump has won the election.”

During the press conference, Trump enquired of Son whether he would “make it $200 billion.” Son responded with mirth and stated that “he is an exceptional negotiator.” Son responded to Trump’s inquiry.

Softbank’s 2016 announcement that it would invest $50 billion in the United States and generate 50,000 new employment would be followed by the $100 billion investment.

Softbank proclaimed this intention.

During that time, Trump asserted that the agreement would not have been reached if his Democratic opponent had been effective in winning the presidential election.

While serving as the keynote speaker at the groundbreaking ceremony for a new Foxconn facility in Wisconsin in June 2018, President Trump made the following statement. He stated that Softbank has invested a total of $72 billion thus far.

In December 2019, Softbank reported to Forbes that the Vision Fund and other vehicles have contributed $47 billion to the economy of the United States by investing in dozens of businesses, including DoorDash (DASH +2.08%), more than a year later. Softbank disclosed this information.

WeWork, a co-working venture, was the recipient of nearly half of its investments at the time. In 2023, the company filed for protection under Chapter 11 of the United States Bankruptcy Code after an unsuccessful public launch.

WeWork’s initial public offering was unsuccessful. WeWork’s value had plummeted from $47 billion to a mere $45 million prior to its filing for Chapter 11 bankruptcy protection. At the commencement of this year, the organisation successfully avoided bankruptcy.

SOURCE: QZ

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Salman Ahmad is a seasoned freelance writer who contributes insightful articles to VORNews. With years of experience in journalism, he possesses a knack for crafting compelling narratives that resonate with readers. Salman's writing style strikes a balance between depth and accessibility, allowing him to tackle complex topics while maintaining clarity.

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Amazon Encounters Numerous Strikes As Unions Aim At The Holiday Shopping Surge.

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(VOR News) – Thousands of Amazon employees at various sites across the country were scheduled to go on strike on Thursday in an effort by the Teamsters union to pressure the retail behemoth to acknowledge its unionised workers in the United States.

The walkout is expected to concentrate on seven Amazon locations across the country during the holiday purchasing surge and may be the most significant union action against Amazon in the nation’s history.

The business announced on Thursday morning that there had been no effect on operations. It also stated that it is “continuing to concentrate on fulfilling customers’ holiday orders.”

The International Brotherhood of Teamsters maintains that it represents more than 10,000 Amazon employees and contractors in aviation centres, warehouses, and delivery centres.

Amazon has refused to acknowledge the union for many years.

The retail giant, which employs approximately 1.5 million individuals, excludes contractors and part-timers. A strike has been initiated by delivery couriers and warehouse employees at seven distinct locations in order to exert pressure on the company to negotiate a collective bargaining agreement that would encompass modifications to compensation, amenities, and working conditions.

Picketing was intended for New York, Atlanta, Los Angeles, San Francisco, and Skokie, Illinois.

Also, the Teamsters assert that they are establishing picket lines at “hundreds” of additional warehouses and delivery centres by encouraging non-unionized workers to picket under U.S. labour law, which protects workers’ ability to take collective action to further their interests.

“Amazon workers are exercising their power,” Randy Korgan stated to NPR.

“They now realise there is a pathway to take on a corporate giant like this – and that they hold the power.” Amazon responds by accusing the Teamsters of fabricating information regarding the strikes, asserting that the participants are “entirely” outsiders rather than employees or subcontractors of the corporation.

Amazon spokesperson Kelly Nantel stated that “the reality is that they were unable to secure sufficient support from our employees and partners and have invited external parties to harass and intimidate our team.” For more than a year, the Teamsters have been intentionally misleading the public by claiming to represent “thousands of employees and drivers.” They do not.

The Teamsters did not provide a specific duration for the strike; however, they informed NPR that it would extend beyond one day. Workers would receive $1,000 per week in strike money, as per the union.

Teamsters President Sean O’Brien issued a statement in which he stated, “If your package is delayed during the holidays, you can attribute it to Amazon’s insatiable greed.” We established a firm deadline for Amazon to attend the meeting and treat our members equitably. They disregarded it.

The Teamsters granted until December 15 to convene with its unionised employees and develop a collective bargaining agreement.

Amazon has opposed all unionisation efforts in court, asserting that unions were not advantageous to its employees and emphasising the compensation and benefits that the organisation currently provides.

Amazon has been accused of discriminatory labour practices on numerous occasions, including the termination of labour organisers. Furthermore, it has disputed its official status as a contract employer.

Teamsters organize Amazon delivery couriers and other employees.

In June, Amazon established its first unionised warehouse in Staten Island, New York, two years after making history by voting to join the fledgling Amazon Labour Union, which is also affiliated with the Teamsters.

The union is one of the most influential in the United States and Canada, with 1.3 million members. On Thursday, the German United Services Union declared that Amazon employees in Germany would participate in a strike in conjunction with their American counterparts.

In the past, Amazon has experienced demonstrations in Germany and Spain that were related to the holiday season in order to advocate for improved wages and working conditions.

“The holiday season has arrived.” Delivery is anticipated. Patricia Campos-Medina, the executive director of Cornell University’s Worker Institute, asserts that “this is the moment in which workers have control over the supply chain.”

The Teamsters have reported that Amazon’s profits have increased both during and after the pandemic. The corporation is currently valued at over $2.3 trillion, with net income of $15 billion in the most recent quarter alone. It is the second-largest private employer in the United States, following Walmart.

SOURCE: NPR

SEE ALSO:

SoftBank Is Courting Trump With a Proposal To Invest $100 Billion in AI.

TVA News Montreal Becomes Most-Watched News Source in Quebec

 

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TVA News Montreal Becomes Most-Watched News Source in Quebec

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TVA News Montreal
TVA News Montreal has achieved the distinction of being the most viewed news outlet in Quebec

TVA News Montreal has become the most viewed news outlet in Quebec, surpassing its competitors and establishing itself as the primary news source throughout the province in a remarkable transformation of the media landscape.

This significant milestone is a testament to TVA’s dedication to providing viewers with engaging, dependable, and timely content.

According to the most recent viewership statistics, TVA News has experienced a significant increase in audience ratings, with a significant increase in both the morning and evening news segments.

The increase in popularity is due to exclusive interviews, in-depth reporting, and a strong emphasis on local stories significant to Quebec residents.

“Our viewers have responded extremely favourably,” stated Marie-Claude Ménard, TVA News Director. “This accomplishment is a testament to our team’s commitment to journalistic excellence and our mission to disseminate pertinent and precise information to the public.”

We endeavour to establish a connection with our audience and to address the concerns that affect their daily existence. TVA News Montreal has made its content accessible to a broader audience by embracing digital platforms, including podcasts, mobile applications, social media, and traditional news broadcasts.

TVA News Montreal Coverage

This multi-platform strategy has enabled the network to establish a sense of community among its audience by engaging with them beyond the television screen.

As TVA News Montreal continues to be a leader in news coverage, viewers can anticipate innovative programming, improved reporting, and a dedication to addressing the concerns of Quebec’s diverse population.

With a solid foundation and a clear vision for the future, TVA News is well-positioned to preserve its status as the province’s most trusted news source.

TVA News Montreal guarantees its audience will be up-to-date and connected by providing in-depth analysis and timely dispatches on local, national, and international events.

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Bitcoin Is On The Brink Of A New High: Will It Surpass $103,000?

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Bitcoin

(VOR News) – As a matter of fact, Bitcoin is about to become a phenomenon that will be remembered for the rest of time; this is something that is almost certain to happen! Just ten days ago, on December 5, 2024, it hit its all-time high of $103,679, and it is presently trading at $101,935.76, 1.4% below that level.

December 12, 2024, was the date of the previous peak. On December 12, 2024, yesterday, the previous high was reached. On December 12, 2024, yesterday, the previous peak was reached.

Yesterday, December 12, 2024, marked the achievement of the previous peak.

Yesterday was the day before yesterday. The prior peak was reached on December 12, 2024. Yesterday, this peak was attained. It was yesterday, or the day before yesterday, to put it another way.

This specific day, December 5, 2024, was the day that the previously mentioned peak was reached. The day that produced a successful result was this particular one.

Bitcoin will be able to do so until it is able to reaffirm its place in the cryptocurrency industry, which is constantly growing and changing because of its constant evolution. If Bitcoin is able to reach that level on its current trajectory, then it will be able to do so. That being said, this will only be possible if it can continue to grow and advance past this point. It will then be seen as feasible.

To put this into perspective, the market capitalisation is currently at an incredible $2.01 trillion, and it has been twenty-four hours since the trading volume reached an incredible $38.57 billion.

These two numbers are astounding. It is impossible to exaggerate how completely astounding these two figures are.

The degree of interest in the digital currency is constantly growing, and Bitcoin is currently one of the topics that is being talked the most globally. In addition to being one of the most hotly debated subjects, this is also rather evident.

The information provided in this piece has made it very evident that Bitcoin is one of the most talked-about topics, which is a truth that is quite evident from the content. Since Bitcoin is a cryptocurrency, the currency’s existence has led to the emergence of this specific problem.

This is a result of Bitcoin’s status as a cryptocurrency.

In 2013, when Bitcoin first came into being, one Bitcoin was worth $67.81. At the time of its original debut, this was the value of one Bitcoin.

The action being performed in relation to the incident under discussion is being done so in order to give some background information. When comparing pricing during this time period to those during the preceding time period, there has been a notable increase of 150,227.41% in the total cost of the product or service.

This comparison shows that the cost of the good or service has gone up significantly. It is also not entirely impossible for it to go a much greater distance than that, given the information that has been provided thus far.

The excitement, or mood, that permeates cryptocurrency markets is at its peak right now. One of the most potent periods in history is now. Right now, when this atmosphere is at its strongest, is the best moment to benefit from it.

Given that this would be Bitcoin’s second record-breaking accomplishment at a new milestone, the current moment is the most favourable one. This information is being taken into account while we wait for additional information about the situation.

Investors have paused after a moment of thought, a deep breath, and a serious assessment of the heights it would need to go to reach amazing heights at this moment.

They have made the decision to take this action since they have reached this point in their career. Before proceeding with their plan of action, they stopped for a short while, took a few deep breaths, and evaluated the situation. They proceeded with their endeavour after that

SOURCE: CT

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