AI investments

India’s AI Aspirations Draw Multibillion Big Tech Investments
India’s AI Aspirations Draw Multibillion Big Tech Investments
June 17, 2024  |  artificial intelligence

Amazon and Microsoft are reportedly investing billions in India’s artificial intelligence (AI) efforts. As the Financial Times (FT) reported Monday (June 17), India is offering incentives for tech companies to...

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Microsoft Will Spend $3.2 Billion on Swedish AI Infrastructure
Microsoft Will Spend $3.2 Billion on Swedish AI Infrastructure
June 03, 2024  |  artificial intelligence

Microsoft is reportedly investing $3.2 billion to expand its AI and cloud operations in Sweden. As Reuters reported Monday (June 3), the investment comes as...

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Nvidia Aims to Launch AI Platform Rubin in 2026
Nvidia Aims to Launch AI Platform Rubin in 2026
June 02, 2024  |  artificial intelligence

Nvidia will debut an artificial intelligence (AI) platform in 2026, part of a series of tech rollouts. Speaking at National Taiwan University on Sunday (June...

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75% of Companies That Invested $5M+ in AI Plan to Cut Back
75% of Companies That Invested $5M+ in AI Plan to Cut Back
May 29, 2024  |  artificial intelligence

According to our recent “C(AI)O Report: High Impact, Big Reward: Meet the GenAI-Focused CFO,” six in 10 CFOs say generative AI (GenAI) is the greatest...

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Wall Street Providing Financing Deals Backed by AI Chips
Wall Street Providing Financing Deals Backed by AI Chips
May 21, 2024  |  artificial intelligence

Wall Street investment firms are taking advantage of the booming artificial intelligence (AI) industry by providing financing deals backed by AI chips. Graphics-processing-unit (GPU) chips...

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Senate AI Group Recommends $32 Billion in Spending
Senate AI Group Recommends $32 Billion in Spending
May 15, 2024  |  artificial intelligence

A bipartisan Senate group wants the government to spend at least $32 billion on AI. That funding, the senators said in a report issued Wednesday...

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Analysis: Microsoft’s $2.2 Billion AI Bet May Boost Malaysia’s Tech Industry
Analysis: Microsoft’s $2.2 Billion AI Bet May Boost Malaysia’s Tech Industry
May 02, 2024  |  artificial intelligence

Microsoft will inject $2.2 billion into Malaysia’s burgeoning cloud and artificial intelligence (AI) infrastructure over the next four years, CEO Satya Nadella announced on Thursday...

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AI Firms Rake in Billions Without Having Products
AI Firms Rake in Billions Without Having Products
April 29, 2024  |  artificial intelligence

AI may represent a “field of dreams,” but investors are reportedly seeing a potential nightmare. As The Wall Street Journal (WSJ) reported Monday (April 29),...

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Meta’s $35 Billion Bet on AI Fuels the Tech Arms Race
Meta’s $35 Billion Bet on AI Fuels the Tech Arms Race
April 26, 2024  |  artificial intelligence

Meta announced a $35 billion investment in artificial intelligence (AI) for this year, signaling an aggressive push in the escalating tech arms race. This colossal...

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