Jeff Bezos wants to raise $100 billion to invest in AI in factories, says newspaper
Jeff Bezos is in the early stages of discussions to raise $100 billion for a new fund aimed at purchasing manufacturing companies to be restructured and automated using artificial intelligence.
A startup abandons its supercomputer project in France, 10 billion euros evaporate in favor of the United States
A British startup has canceled its plans for a 10 billion euro supercomputer project in France, opting instead to focus its growth in the United States.
US-Japan agree on three projects including second round investment in SMR worth 109 trillion won
The US and Japan have agreed to invest 73 billion USD in three projects, including the construction of next-generation small modular reactors (SMR).
Samsung is planning record investments, wants to lead in AI chip production
Samsung is making significant investments to establish itself as a leader in artificial intelligence chip production.
Prolonged high oil prices could ‘crimp’ AI boom, WTO warns
High oil prices due to the Middle East conflict may hinder the growth of the AI sector, as warned by the World Trade Organization's chief economist.
Rafał Brzoska predicts: Humanoids in our homes in five years
Rafał Brzoska, the CEO of InPost, shares insights on the future of humanoids in households, the impact of focusing on short-term results, and the company's investment plans in AI and automation.
AI creators panic: side project cuts are being made
AI developers are concerned as OpenAI plans to scale back on side projects to focus on core programming and business users.
Government to invest 750 billion won in smart glasses and safety robots... "We will accelerate AI transition"
The South Korean government plans to invest over 750 billion won to support the development of AI applications, including industrial robots, to accelerate the transition to artificial intelligence.
Powerful tech that takes minutes to complete years-long task to come to UK
The UK government is set to invest £2 billion in quantum technology to enhance AI adoption and support economic growth.
Naver Webtoon: "Growth Over Profitability"... Investing 70 Billion Won in Creative Ecosystem This Year
Naver Webtoon is prioritizing long-term growth over immediate profitability, planning to invest over 70 billion Won in expanding the creative ecosystem.
AI has done wonders, turned 1.1 million into 4 million rupees
A social media claim suggests that an AI trading bot converted 1.1 million rupees into 4 million rupees in just a few hours.
Trader was sleeping, AI made a miracle, turned 1.1 million into 4 million rupees
In an astonishing tale from the crypto and AI world, a trading bot is claimed to have turned an investment of 1.1 million rupees into 4 million rupees in just a few hours.
Hacked data shines light on homeland security’s AI surveillance ambitions
Hacked data reveals the Department of Homeland Security's investment in AI technologies for expanded surveillance capabilities.
Global 'AI Bubble' Controversy… Possibility of 'Delayed Profitability, Rising Interest Rates → Investment Slowdown → Decrease in Semiconductor Orders'?
There is a growing debate about a potential 'AI bubble' as unprecedented global investment in artificial intelligence continues, with concerns over delayed profitability and rising operational costs for cloud service providers.
Is job loss caused by AI beginning in earnest? Meta considers 20% workforce reduction
Meta is reportedly contemplating a significant workforce reduction, potentially cutting over 20% of its employees to address the costs of AI infrastructure investment and operational efficiency.
Invisible datacentres and capricious chips: is UK’s AI bubble about to burst?
The UK's AI investment landscape is facing uncertainty as OpenAI pulls back from a major datacentre project in Texas, raising questions about capital stability in the sector.
After Record Numbers: How Europe's Semiconductor Giant ASML Profits from the AI Boom
ASML, Europe's semiconductor giant, reports record figures amidst the AI boom, with increased dividends and significant share buybacks, highlighting its crucial role in chip production.
Netflix will pay up to 600 million dollars for Ben Affleck's AI company
Netflix is investing between 500 and 600 million dollars in Ben Affleck's AI film production company, InterPositive, in a move that could significantly impact the film industry.
Seoul National University and Seoul Investment Promotion Foundation Sign Agreement to Foster Strategic Industries such as AI and Support Global Companies' Entry into Seoul
Seoul National University has entered into an agreement with the Seoul Investment Promotion Foundation to collaborate on enhancing foreign investment and supporting strategic industries including AI in the Seoul area.
Kaizen Gaming: Acquisition of the British GameplAI – AI Expertise in iGaming
Kaizen Gaming has announced its acquisition of GameplAI, a provider of artificial intelligence solutions in sports trading and analytics, marking a strategic investment in innovative technologies.
Samsung semiconductor average selling price shows... AI boom hotter than dot-com boom
Samsung's average selling price for memory semiconductors has risen significantly due to the AI investment boom, reflecting the impact of AI on the semiconductor industry beyond previous tech frenzies.
A New European AI Aiming to Understand the World: One Billion Dollars for a ChatGPT Rival
French AI visionary Yann LeCun's startup AMI Labs has secured $1.03 billion in funding to develop innovative artificial intelligence technologies.
Wednesday briefing: From missing billions to nonexistent datacentres, inside Britain’s AI drive
Investigations reveal discrepancies in the UK government's AI investment promises, highlighting a lack of tangible progress in bringing AI infrastructure to fruition.
REITs could support data center and AI projects
The article discusses the potential of Real Estate Investment Trusts (REITs) in Poland to support data center and AI development projects.
AI is slipping out of control. Alibaba's bot has started... mining cryptocurrency
The article discusses concerns surrounding artificial intelligence systems that make decisions contrary to their creators' intentions and the financial challenges faced by companies investing in these technologies.
Revealed: UK’s multibillion AI drive is built on ‘phantom investments’
A Guardian investigation has uncovered that the UK's multibillion AI initiative is fraught with questionable investments and exaggerated claims.
Can ChatGPT Invest? Specialist Analyzes AI Responses in Personal Finance Test
A Brazilian expert evaluates the effectiveness of ChatGPT in providing investment advice, emphasizing its limitations compared to human consultants.
Is Artificial Intelligence Technology Making History?
The article discusses the significant job losses in the tech sector due to the rise of artificial intelligence, highlighting the impact on employment and investment in AI technologies.
Technical Analysis: The Dax Has a Problem
The article reflects on the historical significance of March 6, 2000, marking the end of a major bull market for the DAX index in Germany, likening current market evaluations to those extreme conditions.
Oracle plans thousands of layoffs due to liquidity crisis resulting from its aggressive investment in AI
Oracle is planning to lay off thousands of employees as it faces a liquidity crisis tied to its extensive investments in artificial intelligence infrastructure.
Global Risk Number One in March: 'Adjustment of Risk Asset Prices'... 'Possibility of Escalation of Middle East Crisis'
The Global Financial Center has identified the primary global risk as the adjustment of risk asset prices, due to various economic indicators and rising tensions in the Middle East.
Business Ticker: Google Opens AI Center in Berlin
Google has opened a new AI Center in Berlin as part of a major investment plan to enhance its infrastructure and support local economic development in Germany.
South Korea will invest up to US$35 billion in one of the largest AI data centers in the world
South Korea plans to build a massive AI data center in Jeollanam-do with an estimated investment of up to US$35 billion, aiming for annual revenues of US$3.5 billion by 2028.
The AI Race Changed Completely
The competition for artificial intelligence has been massively capital-intensive and driven by private investments, with major players like OpenAI and Anthropic racing to develop increasingly capable models.
Amazon invests an additional 18 billion euros in Spain
Amazon has announced a new investment of 18 billion euros in Spain to expand its data centers and enhance AI operations, raising its total investment in the country to 33.7 billion euros.
[Editorial] Hyundai's 9 trillion investment in Saemangeum should serve as a catalyst for balanced regional development
Hyundai Group has committed to a 9 trillion won investment in Saemangeum, Jeollabuk-do, to establish an AI data center and a robot manufacturing plant, amidst challenges of regional developmental stagnation.
Investment in AI-resistant ‘Halo’ companies helps push UK and EU markets to record highs
The rise of 'Halo' companies, which focus on heavy assets and low obsolescence, is driving UK and EU stock markets to record highs as investors seek protection from potential AI disruptions.
The plan to dominate AI was born on a paper napkin: this is the billion-dollar fund of the Abu Dhabi royal family
Abu Dhabi has established a sovereign investment fund, MGX, with plans to invest $10 billion annually in cutting-edge artificial intelligence companies for the next five years.
This metal is going to double, not gold or silver... an expert explained the math
An expert predicts a significant surge in copper prices due to rising demand driven by AI and electrification, suggesting that it could soon double in value.
OpenAI raises a total of 17 trillion yen; SoftBank Group invests 4.6 trillion yen
OpenAI has announced that it raised a total of 1.1 billion dollars (approximately 17 trillion yen) from several key investors including SoftBank Group.
Asian markets rally as traders reassess AI investment value
Asian markets saw an uptick on Friday as traders recommitted to tech stocks amidst a reassessment of the value in artificial intelligence investments.
President Yoon visits Jeonbuk to target public sentiment in Honam through future industries such as robots and AI
President Yoon Suk-yeol visited Jeonbuk to promote investment in future industries, as part of his efforts to secure support ahead of local elections.
President Yoon welcomes Hyundai Motor's investment in Saemangeum, expects it to become a future city
President Yoon has praised Hyundai Motor Group's substantial investment in Saemangeum, anticipating it will enhance South Korea's AI and robotics industries and transform the regional economy.
Nvidia delays the bursting of the AI bubble again
Nvidia's recent financial results indicate continued robust demand in the AI sector, easing investor fears about the potential bursting of an investment bubble.
Is the 'Halo trade' the new 'Holy Grail' of Wall Street?
Goldman Sachs has launched a new index, SPXXAI, which allows investment in the S&P 500 index without artificial intelligence considerations amid concerns of an AI bubble.
Artificial Intelligence: Bubble? What Bubble?
Nvidia, the chip company that has benefitted immensely from the AI boom, continues to report impressive quarterly results despite worries of an impending market crash.
Xiaomi deepens push into chips and AI as peers race to develop humanoid robotics
Xiaomi is intensifying its investment in core technologies like chips and AI to bolster its position in deep-tech amidst growing competition in humanoid robotics.
Meta bets 100 billion on AI
Meta has announced a significant $100 billion investment in artificial intelligence amidst market concerns of a potential economic bubble.
Fibercop champion of fiber: a 10 billion plan by 2027 and a target of 20 million homes
Fibercop plans a 10 billion euro investment by 2027 to expand fiber-optic networks to 20 million homes in Italy, emphasizing the essential role of telecommunications in supporting advanced technologies like AI.
Large Meta Deal Sends Stock Up at American Chip Company
AMD's stock surged over six percent after Meta announced a deal to purchase millions of AI chips from the company, potentially increasing Meta's stake in AMD to 10 percent.