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Soaring Cloud Costs Drive Enterprises to On-Premise AI

Amidst the rapid adoption of generative AI (GenAI), rising cloud costs are prompting enterprises to consider on-premises deployments as a cost-effective alternative, reports TechTarget. While organizations have been experimenting with GenAI in the cloud for several years, escalating expenses are pushing CIOs to explore on-premises solutions, experts say. "It&

Apple in Talks with Tencent and ByteDance for China AI Integration

Apple is reportedly in discussions with Tencent and ByteDance to incorporate their artificial intelligence models into iPhones sold in China, Reuters reports. The move comes as Apple seeks to bolster its AI capabilities in the world's largest smartphone market, where its market share is facing pressure from domestic

Databricks Raises $10 Billion in Biggest US Venture Deal of 2023

Databricks, the US-based data analytics and AI company, has secured $10 billion in funding, marking the largest venture capital deal of the year in the US and valuing the company at $62 billion, reports Reuters. The mega-round was led by some of the largest and most active technology investors in

Microsoft Outspends Rivals on Massive Nvidia Chip Purchase

Microsoft has significantly outpaced its tech rivals in its acquisition of Nvidia's advanced AI chips, highlighting the company's substantial investment in artificial intelligence infrastructure, reports the Financial Times. Analysts at Omdia estimate that Microsoft purchased 485,000 of Nvidia's "Hopper" chips this

Rapidus Makes History as First Japanese Chipmaker to Receive ASML's EUV Machine

Rapidus, Japan's state-backed semiconductor company, has become the first Japanese chipmaker to receive an extreme ultraviolet (EUV) lithography machine from ASML, marking a significant step in Japan's efforts to regain its position in advanced chip manufacturing, reports Nikkei Asia. The installation of the EUV system at

AI Search Engine Perplexity's Valuation Triples to $9 Billion

Perplexity, an AI-powered search engine, has completed its fourth funding round of the year, tripling its valuation to $9 billion, reports the Financial Times. The $500 million round, led by Institutional Venture Partners (IVP), underscores the fierce competition in the rapidly evolving AI search market. The San Francisco-based company has

BYD and Nio Embrace Humanoid Robots to Tackle China's Labor Shortage

Chinese electric vehicle makers BYD and Nio are leading the charge in deploying humanoid robots on factory floors, reports Nikkei Asia, as the nation grapples with a shrinking workforce. BYD has introduced the Walker S1 robot from UBTech Robotics to its Hunan province factory, while Nio has deployed the same

Apple and Meta Clash Over Interoperability Under EU's Digital Markets Act

Apple has criticized Meta Platforms for making numerous requests under the European Union's Digital Markets Act (DMA) to access iPhone software tools, arguing that these requests could compromise user privacy and security, reports Reuters. The tech giants' public dispute highlights the intensifying rivalry between the two companies

Amazon Workers Stage Major Strike During Key Holiday Period

Thousands of Amazon workers across multiple US warehouses will walk off the job Thursday, disrupting the online retailer's operations during its busiest time of year, reports Reuters. The International Brotherhood of Teamsters (Teamsters) union, representing approximately 1% of Amazon's US hourly workforce, says the strike is

Qualcomm's Nuvia Acquisition Aimed to Slash Arm Royalty Payments, CEO Testifies

Qualcomm's $1.4 billion acquisition of Nuvia in 2021 was driven by the potential to significantly reduce royalty payments to Arm, CEO Cristiano Amon testified in a Delaware federal court on Wednesday, reports Reuters. Amon stated that the potential savings, estimated at up to $1.4 billion annually,