IBM launches $500m AI venture fund
IBM is leaping into AI with its IBM Enterprise AI Venture Fund, of an impressive US$500 million. This venture fund is specifically designed to invest in a diverse array of…
Biden approves Executive Order to regulate Artificial Intelligence
President Joe Biden recently signed an Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence aimed at regulating artificial intelligence (AI) by establishing standards for…
AI: China’s Alibaba develops model to challenge Amazon and Microsoft
Alibaba, the Chinese technology giant, has advanced its foothold in China's tech landscape by launching its latest artificial intelligence (AI) model, Tongyi Qianwen 2.0, in its effort to compete against…
Crypto billionaire’s nonprofit buys $500 million of AI data center chips
A nonprofit organization backed by cryptocurrency billionaire and founder of Ripple, Jed McCaleb bought $500 million of Nvidia’s cutting edge chips. The organization, named Voltage Park, is dedicated to providing…
Google increases stake in generative AI startup Anthropic, drops $2b
Google has increased its investment in the generative artificial intelligence company, Anthropic, from its initial 10% stake for $300 million, to $2b to be spread over a period. While the…
American Cannabis Company jumps into AI with HyperScale Nexus merger
In a strategic move believed to be centered around artificial intelligence (AI), the Colorado-based American Cannabis Company is poised to merge with HyperScale Nexus Holding, a Nevada-based company specializing in…
Nvidia and Foxconn partner to build and scale ‘AI factory data centers
Nvidia and Foxconn have announced a collaboration to create data center modules tailored for AI-powered factories using Nvidia's Grace Hopper chips. Under this partnership, Foxconn (Hon Hai Technology Group), will…
Hyperscale Data Center Growth
AI to triple hyper-scale data centers within six years – Synergy
Hyperscale data center capacity is poised to nearly triple over the next six years, driven by the growing demand for artificial intelligence (AI) workloads, says Synergy Research Group, a strategic…