AI investments

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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Big Tech Taps AI Agents to Drive Revenue Growth
Big Tech Taps AI Agents to Drive Revenue Growth
April 18, 2024  |  artificial intelligence

Big tech companies are reportedly in a race to unveil software to fuel AI spending. For example, Microsoft is at work trying to automate tasks such as invoicing or the ability...

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