AI Investment

SoftBank Plans to Commit $9 Billion to AI Projects
SoftBank Plans to Commit $9 Billion to AI Projects
May 26, 2024  |  artificial intelligence

Japan’s SoftBank is reportedly planning to invest nearly $9 billion in artificial intelligence (AI). The tech company’s outlay for investments and commitments has more than doubled...

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Report: AI Will Take Up 10% of Big Tech IT Budgets
Report: AI Will Take Up 10% of Big Tech IT Budgets
May 12, 2024  |  artificial intelligence

Artificial intelligence (AI) projects are set to comprise up to 10% of companies’ IT budgets. That’s according to a report Sunday (May 12) by Seeking...

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Analysis: Microsoft’s $1.7 Billion Bet on Indonesia’s Digital Future Shows Global AI Investment Surge
Analysis: Microsoft’s $1.7 Billion Bet on Indonesia’s Digital Future Shows Global AI Investment Surge
April 30, 2024  |  artificial intelligence

In a move that underscores the growing global interest in artificial intelligence (AI), Microsoft has announced an investment of $1.7 billion over the next four years...

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Report: US Looks to Forge AI Partnerships With UAE
Report: US Looks to Forge AI Partnerships With UAE
April 21, 2024  |  artificial intelligence

The White House reportedly wants U.S. artificial intelligence (AI) companies to form partnerships in the United Arab Emirates (UAE). By launching operations in the UAE,...

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Microsoft Bing Head to Step Down Amid AI Push
Microsoft Bing Head to Step Down Amid AI Push
March 26, 2024  |  Personnel

The head of Microsoft’s Bing search engine and ad business is reportedly leaving that role. Mikhail Parakhin’s departure — the subject of a Monday (March...

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FTX’s Stake in Anthropic Draws Sovereign Wealth Fund Investors
FTX’s Stake in Anthropic Draws Sovereign Wealth Fund Investors
March 24, 2024  |  artificial intelligence

Investors are reportedly lining up to purchase FTX’s stake in artificial intelligence (AI) company Anthropic. But as CNBC reported Friday (March 22), sources say that while the company...

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Thomson Reuters Has $8 Billion in ‘Financial Firepower’ for AI Investment
Thomson Reuters Has $8 Billion in ‘Financial Firepower’ for AI Investment
March 11, 2024  |  artificial intelligence

Thomson Reuters has reportedly amassed $8 billion to invest in the artificial intelligence (AI) space. In an interview with the Financial Times Monday (March 11), CEO Steve...

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Report: OpenAI in Talks With Singapore-Owned Investor Temasek
Report: OpenAI in Talks With Singapore-Owned Investor Temasek
March 05, 2024  |  artificial intelligence

Singapore’s state-owned investment group Temasek is reportedly in talks to back OpenAI. Assuming a deal went forward, it would mark the first time the artificial intelligence (AI) company...

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VC Veterans: AI Now a Part of 80% of Funding Pitches
VC Veterans: AI Now a Part of 80% of Funding Pitches
February 04, 2024  |  artificial intelligence

For Mamoon Hamid and Ilya Fushman, hearing investment pitches means hearing about AI. The two venture capital (VC) veterans talked about the funding landscape and their firm Kleiner Perkins in a...

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