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Tech Across the Globe

Google’s India bet: The Alphabet Inc. company plans to put about $15 billion toward building a data center for AI in southern India, its biggest investment in the country.

Apple’s Vietnam bet: Apple is preparing to expand its manufacturing in Vietnam, spanning new indoor security cameras, a home command hub and a tabletop robot, the last slated for sometime in 2027.

Samsung’s bonus bet: The electronics maker will award shares and bonuses based on the stock price to rank-and-file employees for the first time in a major overhaul of its compensation practices.

Revalued

German AI image generator Black Forest Labs in in talks to raise $200 million to $300 million, which would value the company at $3.25 billion including the money raised. The startup has helped Elon Musk’s Grok chatbot create images and has also signed a deal of more than $100 million to let Meta used the technology.

Must Read

When OpenAI CEO Sam Altman appeared by video at the Gitex Global conference in Dubai with Peng Xiao, the head of the United Arab Emirates tech firm G42, it symbolized the growing relationship between US AI companies and the oil-rich Gulf states, Saritha Rai and Omar El Chmouri report in today’s Tech In Depth. While the region has long funded tech startups, the UAE is emerging as an irresistible ally to Silicon Valley AI leaders like Altman, who are setting records in spending on computing power, the pair write.

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This Week in Power On

Apple’s decision to scale back work on its Vision Pro headset and turn to developing smart glasses is the right call, Mark Gurman writes in this week’s Power On.

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