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Guyana Puts a Refinery at the Heart of Its National Oil Company Plans●Peru’s Water Deficit Puts 8.1 Million Hectares of Farmland at Risk●Textile stock inches close to 52-week high after Nippon Life India's stake buying●Guatemala’s Tax Agency Will Pre-Fill Returns for 305,000 Businesses●King Harald V of Norway dies at 89, son succeeds as King Haakon VIII●Treasury yields tread water with all eyes on Kevin Warsh's Jackson Hole keynote speech●Paraguay’s Sustainable Industry Demands Urgent Central Bank Action Over the Dollar Fall●Peru Declares School Infrastructure Emergency With 31,000 Schools at Risk of Collapse●Guyana Puts a Refinery at the Heart of Its National Oil Company Plans●Peru’s Water Deficit Puts 8.1 Million Hectares of Farmland at Risk●Textile stock inches close to 52-week high after Nippon Life India's stake buying●Guatemala’s Tax Agency Will Pre-Fill Returns for 305,000 Businesses●King Harald V of Norway dies at 89, son succeeds as King Haakon VIII●Treasury yields tread water with all eyes on Kevin Warsh's Jackson Hole keynote speech●Paraguay’s Sustainable Industry Demands Urgent Central Bank Action Over the Dollar Fall●Peru Declares School Infrastructure Emergency With 31,000 Schools at Risk of Collapse●

Asia

MiniMax expands Alibaba cloud pact as compute needs surge for training and inference

Business - South China Morning Post · 1h ago · 🇨🇳 China

MiniMax expands Alibaba cloud pact as compute needs surge for training and inference

Chinese artificial intelligence firm MiniMax has raised the three-year purchase ceiling on its cloud computing deals with Alibaba Group Holding by 220 per cent to US$1.2 billion, underscoring surging demand for computing power among the country’s top AI developers. The Shanghai-based company planned to spend up to US$300 million on Alibaba Cloud services this year, nearly triple its original US$115 million cap, after burning through two-thirds of its budget by the end of June, according to its...

Read the full story at Business - South China Morning Post →

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