PYMNTS-MonitorEdge-May-2024

GPUs

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...

READ MORE >
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...

READ MORE >
OpenAI Explores Developing AI Chips to Tackle Shortages
OpenAI Explores Developing AI Chips to Tackle Shortages
October 06, 2023  |  Artificial Intelligence

OpenAI is reportedly exploring the development of its own artificial intelligence (AI) chips or the acquisition of a chip company to tackle the scarcity of expensive...

READ MORE >
AI Boom Means ‘Mining 2.0’ for Crypto Survivors
AI Boom Means ‘Mining 2.0’ for Crypto Survivors
July 02, 2023  |  Cryptocurrency

Cryptocurrency miners are reportedly experience a resurgence of sorts thanks to the artificial intelligence (AI) boom. That’s according to a Sunday (July 2) report by...

READ MORE >