Latest news with #Google
South Wales Guardian
40 minutes ago
- Business
- South Wales Guardian
Trump says he is terminating trade talks with Canada over tax on tech firms
Mr Trump, in a post on his social media network, said Canada had just informed the US that it was sticking to its plan to impose the digital services tax, which applies to Canadian and foreign businesses that engage with online users in Canada. The tax is set to go into effect on Monday. 'Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective immediately. We will let Canada know the Tariff that they will be paying to do business with the United States of America within the next seven day period,' Mr Trump said in his Truth Social post. Mr Trump's announcement was the latest move in the trade war he has launched since taking office for a second term in January. Progress with Canada has been a roller coaster, starting with the US president repeatedly suggesting it would be absorbed as a US state. Canadian Prime Minister Mark Carney said on Friday that his country would 'continue to conduct these complex negotiations in the best interests of Canadians. It's a negotiation'. Mr Trump later said he expects that Canada will remove the tax. 'Economically we have such power over Canada. We'd rather not use it,' Mr Trump said in the Oval Office. 'It's not going to work out well for Canada. They were foolish to do it.' When asked if Canada could do anything to restart talks, he suggested Canada could remove the tax, predicted it will but said: 'It doesn't matter to me.' Mr Carney visited Mr Trump in May at the White House. Mr Trump last week travelled to Canada for the G7 summit in Alberta, where Mr Carney said Canada and the US had set a 30-day deadline for trade talks. The digital services tax will hit companies including Amazon, Google, Meta, Uber and Airbnb with a 3% levy on revenue from Canadian users. It will apply retroactively, leaving US companies with a two billion US dollar (£1.4 billion) bill due at the end of the month. 'We appreciate the Administration's decisive response to Canada's discriminatory tax on US digital exports,' Matt Schruers, chief executive of the Computer & Communications Industry Association, said in a statement. Canada and the US have been discussing easing a series of steep tariffs Mr Trump imposed on goods from America's neighbour. The Republican president earlier told reporters that the US was soon preparing to send letters to different countries, informing them of the new tariff rate his administration would impose on them. Mr Trump has imposed 50% tariffs on steel and aluminium as well as 25% tariffs on cars. He is also charging a 10% tax on imports from most countries, though he could raise rates on July 9, after the 90-day negotiating period he set would expire. Canada and Mexico face separate tariffs of as much as 25% that Mr Trump put into place under the auspices of stopping fentanyl smuggling, though some products are still protected under the 2020 US-Mexico-Canada Agreement signed during Mr Trump's first term. Addressing reporters after a private meeting with Republican senators on Friday, Treasury Secretary Scott Bessent declined to comment on news that Mr Trump had ended trade talks with Canada. 'I was in the meeting,' Mr Bessent said before moving on to the next question. About 60% of US crude oil imports are from Canada, and 85% of US electricity imports as well. Canada is also the largest foreign supplier of steel, aluminium and uranium to the US and has 34 critical minerals and metals that the Pentagon is eager to obtain. About 80% of Canada's exports go to the US. Daniel Beland, a political science professor at McGill University in Montreal, said it is a domestic tax issue, but it has been a source of tensions between Canada and the US for a while because it targets US tech giants. 'The Digital Services Tax Act was signed into law a year ago so the advent of this new tax has been known for a long time,' Mr Beland said. 'Yet, President Trump waited just before its implementation to create drama over it in the context of ongoing and highly uncertain trade negotiations between the two countries.'
Rhyl Journal
an hour ago
- Business
- Rhyl Journal
Trump says he is terminating trade talks with Canada over tax on tech firms
Mr Trump, in a post on his social media network, said Canada had just informed the US that it was sticking to its plan to impose the digital services tax, which applies to Canadian and foreign businesses that engage with online users in Canada. The tax is set to go into effect on Monday. 'Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective immediately. We will let Canada know the Tariff that they will be paying to do business with the United States of America within the next seven day period,' Mr Trump said in his Truth Social post. Mr Trump's announcement was the latest move in the trade war he has launched since taking office for a second term in January. Progress with Canada has been a roller coaster, starting with the US president repeatedly suggesting it would be absorbed as a US state. Canadian Prime Minister Mark Carney said on Friday that his country would 'continue to conduct these complex negotiations in the best interests of Canadians. It's a negotiation'. Mr Trump later said he expects that Canada will remove the tax. 'Economically we have such power over Canada. We'd rather not use it,' Mr Trump said in the Oval Office. 'It's not going to work out well for Canada. They were foolish to do it.' When asked if Canada could do anything to restart talks, he suggested Canada could remove the tax, predicted it will but said: 'It doesn't matter to me.' Mr Carney visited Mr Trump in May at the White House. Mr Trump last week travelled to Canada for the G7 summit in Alberta, where Mr Carney said Canada and the US had set a 30-day deadline for trade talks. The digital services tax will hit companies including Amazon, Google, Meta, Uber and Airbnb with a 3% levy on revenue from Canadian users. It will apply retroactively, leaving US companies with a two billion US dollar (£1.4 billion) bill due at the end of the month. 'We appreciate the Administration's decisive response to Canada's discriminatory tax on US digital exports,' Matt Schruers, chief executive of the Computer & Communications Industry Association, said in a statement. Canada and the US have been discussing easing a series of steep tariffs Mr Trump imposed on goods from America's neighbour. The Republican president earlier told reporters that the US was soon preparing to send letters to different countries, informing them of the new tariff rate his administration would impose on them. Mr Trump has imposed 50% tariffs on steel and aluminium as well as 25% tariffs on cars. He is also charging a 10% tax on imports from most countries, though he could raise rates on July 9, after the 90-day negotiating period he set would expire. Canada and Mexico face separate tariffs of as much as 25% that Mr Trump put into place under the auspices of stopping fentanyl smuggling, though some products are still protected under the 2020 US-Mexico-Canada Agreement signed during Mr Trump's first term. Addressing reporters after a private meeting with Republican senators on Friday, Treasury Secretary Scott Bessent declined to comment on news that Mr Trump had ended trade talks with Canada. 'I was in the meeting,' Mr Bessent said before moving on to the next question. About 60% of US crude oil imports are from Canada, and 85% of US electricity imports as well. Canada is also the largest foreign supplier of steel, aluminium and uranium to the US and has 34 critical minerals and metals that the Pentagon is eager to obtain. About 80% of Canada's exports go to the US. Daniel Beland, a political science professor at McGill University in Montreal, said it is a domestic tax issue, but it has been a source of tensions between Canada and the US for a while because it targets US tech giants. 'The Digital Services Tax Act was signed into law a year ago so the advent of this new tax has been known for a long time,' Mr Beland said. 'Yet, President Trump waited just before its implementation to create drama over it in the context of ongoing and highly uncertain trade negotiations between the two countries.'
India.com
an hour ago
- Business
- India.com
Google CEO Sundar Pichai studied from this IIT, did engineering in this branch, his net worth is...
Google CEO Sundar Pichai studied from this IIT, did engineering in this branch, his net worth is… The Joint Seat Authority (JoSAA) Counselling 2025 has started for students following the declaration of the JEE Advanced 2025 result. Through this counselling, students will get an opportunity to gain admission to prestigious institutions such as IITs and NITs as per their rank. However, it is a fact that almost all students want to get admission into top IITs, and as always, their favourite branch is Computer Science. Google CEO Sundar Pichai is a role model and a source of inspiration for most aspirants. They want to become like him. Pichai also started his journey at an IIT. On this note, let's take a look at the educational qualifications of the Google CEO and the branch he selected that skyrocketed his career. Who is Sundar Pichai? Sundar Pichai was born on June 10 1972, in Tamil Nadu's Madurai. He was born into a typical Tamil family. His father, Raghunath Pichai, was an electrical engineer in a British company. Raghunath was also the owner of a manufacturing plant. Pichai's mother worked as a stenographer. Sundar was a bright student from his childhood. He studied at Jawahar Navodaya Vidyalaya in Chennai until Class 10. He completed his Class 12 board exams at Vana Vani School in Chennai. Did Sundar Pichai Get The Desired Branch? To get a job in tech companies like Google, most of the students choose i.e. engineering from the Computer Science branch. But, interestingly, Pichai doesn't have a computer science degree. According to several media reports, after passing 12th Sundar was to do in the computer science branch but didn't get it due to his ranking in JEE IIT. His JEE IIT ranking was between 1100 to 1200 due to which he got the Metallurgical branch. But he studied hard and received the BC Roy Silver Medal in 1993. From which IIT did Sundar Pichai study? Sundar Pichai, a Chennai native, pursued engineering at IIT Kharagpur after achieving a high JEE rank, despite initially aiming for IIT Madras's computer science program. Following his undergraduate studies, he earned an MS in Material Science from Stanford University and an MBA from the Wharton School at the University of Pennsylvania.
Hans India
an hour ago
- Business
- Hans India
OpenAI Taps Google's AI Chips in Strategic Shift Away from Nvidia Dependency
In a significant move within the AI landscape, OpenAI, the Microsoft-backed creator of ChatGPT, has reportedly begun utilizing Google's artificial intelligence chips. According to a recent report by Reuters, this development points to OpenAI's efforts to diversify its chip suppliers and reduce its dependency on Nvidia, which currently dominates the AI hardware market. OpenAI has historically been one of the largest buyers of Nvidia's graphics processing units (GPUs), using them extensively for both training its AI models and performing inference tasks — where the model applies learned data to generate outputs. However, as demand for computing power surges, OpenAI is now exploring alternatives. The Reuters report, citing a source familiar with the matter, claims that OpenAI has started using Google's Tensor Processing Units (TPUs), marking a notable shift not only in its hardware strategy but also in its reliance on cloud services. Earlier this month, Reuters had already suggested that OpenAI was planning to leverage Google Cloud to help meet its growing computational needs. What makes this collaboration remarkable is the competitive context. Google and OpenAI are direct rivals in the AI field, both vying for leadership in generative AI and large language model development. Yet, this partnership demonstrates how shared interests in infrastructure efficiency and cost management can bridge even the most competitive divides. According to The Information, this is OpenAI's first major deployment of non-Nvidia chips, indicating a deliberate effort to explore alternative computing platforms. By leasing Google's TPUs through Google Cloud, OpenAI is reportedly looking to reduce inference costs — a crucial factor as AI services like ChatGPT continue to scale. The move is also part of a broader trend at Google. Historically, the tech giant has reserved its proprietary TPUs mainly for internal projects. However, it appears Google is now actively expanding external access to these chips in a bid to grow its cloud business. This strategy has reportedly attracted several high-profile clients, including Apple and AI startups like Anthropic and Safe Superintelligence — both founded by former OpenAI employees and seen as emerging competitors. A Google Cloud employee told The Information that OpenAI is not being offered Google's latest-generation TPUs, suggesting the company is balancing business expansion with competitive caution. Still, the fact that OpenAI is now a customer illustrates Google's ambition to grow its end-to-end AI ecosystem — from hardware and software to cloud services — even if that means partnering with direct rivals. Neither Google nor OpenAI has issued official statements confirming the deal. Yet, the development signals an evolving AI infrastructure market where flexibility, cost-efficiency, and compute availability are becoming more strategic than ever. As the race to power the future of AI intensifies, such cross-competitive collaborations could become more commonplace — redefining how major players navigate both cooperation and competition in the era of intelligent computing.
Time of India
an hour ago
- Business
- Time of India
OpenAI turns to Google's AI chips to power its products: The information
OpenAI has recently begun renting Google's artificial intelligence chips to power ChatGPT and other products, The Information reported on Friday, citing a person involved in the arrangement. The move, which marks the first time OpenAI has used non-Nvidia chips in a meaningful way, shows the Sam Altman-led company's shift away from relying on backer Microsoft's data centres, potentially boosting Google's tensor processing units (TPUs) as a cheaper alternative to Nvidia's graphics processing units (GPUs), the report said. As one of the largest purchasers of Nvidia's GPUs, OpenAI uses AI chips to train models and also for inference computing, a process in which an AI model uses its trained knowledge to make predictions or decisions based on new information. OpenAI hopes the TPUs, which it rents through Google Cloud, will help lower the cost of inference, according to the report. However, Google, an OpenAI competitor in the AI race, is not renting its most powerful TPUs to its rival, The Information said, citing a Google Cloud employee. Both OpenAI and Google did not immediately respond to Reuters requests for comment. OpenAI planned to add Google Cloud service to meet its growing needs for computing capacity, Reuters had exclusively reported earlier this month, marking a surprising collaboration between two prominent competitors in the AI sector. For Google, the deal comes as it is expanding external availability of its in-house TPUs, which were historically reserved for internal use. That helped Google win customers including Big Tech player Apple as well as startups like Anthropic and Safe Superintelligence, two OpenAI competitors launched by former OpenAI leaders.
