Monday, August 26, 2024

Sources: IBM shuts its China R&D department, affecting 1,000+ employees, and plans to move some R&D functions overseas, the latest company to retreat from China (Raffaele Huang/Wall Street Journal)

Raffaele Huang / Wall Street Journal:
Sources: IBM shuts its China R&D department, affecting 1,000+ employees, and plans to move some R&D functions overseas, the latest company to retreat from China  —  Jobs to be added in India, employees are told  —  IBM is shutting down its China research and development department …



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Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each; SoftBank has already invested $30B (Bloomberg)

Bloomberg : Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each;...