BRUSSELS (Reuters) -Seventy-six companies have bid to develop Europe's artificial intelligence gigafactories, the EU's tech chief said on Monday, hailing a bigger than expected response to the bloc's push to catch up with the U.S. and China in this key technology. The European Commission made the announcement four months after it allocated 20 billion euros ($23 billion) in EU funding...

SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...

(Reuters) -Global ratings agency Fitch on Monday revised its outlook on planemaker Boeing to 'stable' from 'negative', citing improved financial flexibility and production. It said the outlook revision to stable reflects Fitch's view that Boeing's post-strike production ramp-up and improved financial flexibility, including the recently announced sale of its Jeppesen unit, have reduced the risk of a downgrade and support...

The Home Depot Inc. ( HD ) is deepening its investment in serving professional contractors with a major acquisition by its distribution arm, SRS Distribution Inc. SRS announced Monday that it has signed a definitive agreement to acquire GMS Inc ( GMS ). , a top distributor of specialty building products across North America. The deal values GMS at approximately...