The global demand for data center power is poised for a significant surge, driven by the increasing adoption of artificial intelligence, according to a report by Goldman Sachs. The investment firm predicts a 50% increase by 2027 and a staggering 165% increase by 2030, compared to 2023 levels. "Recent

BuzzFeed is cutting about 5% of its workforce as part of a restructuring effort to streamline its HuffPost news operations, the company announced on Wednesday. The company said the move will result in pretax savings of approximately $4 million annually. The restructuring is expected to incur charges of between $1.

Positron, an AI chip startup, has secured $23.5 million in seed funding to expand production of its energy-efficient chips, Reuters reports. The funding round was led by Valor Equity Partners, an investor in Elon Musk's companies, and included participation from Atreides Management, Flume Ventures, and Resilience Reserve.

Elon Musk, CEO of Tesla and SpaceX, has announced that his AI chatbot, Grok 3, is in the final stages of development. Speaking at the World Government Summit in Dubai, Musk revealed that the AI is set to be released in approximately one to two weeks. "Grok 3 has

Sequoia Capital is reportedly in discussions to lead a major investment round for Mercury Technologies Inc., a San Francisco-based digital banking startup, Bloomberg reports. The deal, which could value the company at over $3 billion, comes amid a renewed wave of investment in the financial technology sector. The news follows

Malaysia is set to receive AI tools from Google, deploying them across its public sector to improve efficiency and modernize services, Nikkei Asia reports. The program, spearheaded by the Digital Ministry's National Artificial Intelligence Office (NAIO), will use AI-powered tools from Google Cloud to enhance government operations. Digital

The emergence of DeepSeek, a Chinese AI startup, has sparked a frenzy among investors, revitalizing interest in China's technology sector, reports Nikkei Asia. The AI model's success has overshadowed concerns over weak domestic demand and US tariffs, propelling Hong Kong's Hang Seng Index to

The move by US President Donald Trump to eliminate the duty exemption for small parcels from China has sent shockwaves through the online retail market, significantly impacting sales of two major Chinese companies, Shein and Temu, Bloomberg reports. The two companies, known for their ultra-cheap goods shipped via small parcels,

Elon Musk's $97.4 billion offer to acquire OpenAI's assets has created a significant challenge for Sam Altman, the company's CEO, as reported by The Wall Street Journal. While Musk's offer, backed by a consortium of investors, could be a major boon

SoftBank has defended its participation in the $500 billion Stargate investment program, pushing back against Elon Musk's public skepticism about the project's funding, as reported by Nikkei Asia. Speaking at a press conference on Wednesday, Yoshimitsu Goto, SoftBank's chief financial officer, asserted that the