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AI

Blackstone Invests Over $500 Million in Lancium's AI Data Center Buildout

Blackstone Inc. has invested over $500 million in Lancium Inc., a company constructing over 5 gigawatts of data centers in West Texas to support the growing energy demands of artificial intelligence applications, as reported by Bloomberg. The investment, finalized in recent weeks, will help fund the construction of five Lancium

Nvidia's Blackwell AI Chips Face Overheating Issues in Servers

Nvidia's highly anticipated Blackwell AI chips are reportedly encountering overheating problems within server racks, potentially delaying the deployment of new data centers for some customers. Reuters, citing The Information, reported that this issue adds to previous delays experienced by the chipmaker. The reports, citing sources familiar with the

AI Out of Nuclear Launch Decisions, Say US and China

US President Joe Biden and Chinese President Xi Jinping have reached an agreement that neither country will relinquish control of its nuclear weapons to artificial intelligence, the White House announced Saturday. "It’s an important statement about the intersection of artificial intelligence and nuclear doctrine, and it is a

Musk Expands OpenAI Lawsuit, Adding Microsoft and Antitrust Claims

Elon Musk has significantly broadened his lawsuit against OpenAI, the creator of ChatGPT, adding federal antitrust claims and naming OpenAI's major financial backer, Microsoft, as a co-defendant. Reuters reported that the amended complaint, filed Thursday in a California federal court, alleges that Microsoft and OpenAI engaged in anticompetitive

Microsoft Sees Surge in Azure OpenAI Spending from Adobe, Meta

Microsoft's Azure OpenAI service, which provides access to OpenAI's language models, is experiencing significant growth and diversification of its customer base, as reported by The Verge. While TikTok had previously been the dominant customer, Microsoft has successfully expanded its clientele to include major corporations spending over

AI's Progress Stalls as OpenAI, Google and Anthropic Hit Roadblocks

Despite years of rapid advancements in artificial intelligence (AI), three of the leading companies in the field – OpenAI, Google, and Anthropic – are facing unexpected hurdles in their efforts to develop more sophisticated models, reports Bloomberg. OpenAI's latest model, known internally as Orion, failed to meet the company'

CoreWeave More Than Triples Valuation in $650 Million Secondary Share Sale

AI cloud platform operator CoreWeave has closed a $650 million secondary share sale to investors, more than tripling the company's valuation to $23 billion over the past year, reports Reuters. The investors were led by Jane Street, Magnetar, Fidelity Management, and Macquarie Capital. This significant valuation increase highlights

Baidu Unveils New AI Applications, Including Enhanced Text-to-Image Tech and No-Code App Builder

China's Baidu Inc has unveiled a suite of new applications for its artificial intelligence technology, highlighting a shift towards commercialization after years of research and development, reports Reuters. The company, known for its search engine dominance in China, is among tech firms embracing the commercialization of large language

NVIDIA and SoftBank To Pilot World's First Combined AI and 5G Network

NVIDIA and SoftBank Corp. have announced a series of collaborations aimed at accelerating Japan's sovereign AI initiatives and solidifying its global technology leadership. The partnerships are also expected to unlock billions of dollars in AI revenue opportunities for telecommunications providers worldwide. During his keynote at NVIDIA AI Summit

Apple Enters Smart Home Battle

Apple Inc., aiming to bolster its presence in the competitive smart home market, is set to launch a new product category: a wall-mounted display that serves as a command center for the home, reports Bloomberg. The device, code-named J490, is expected to be unveiled as early as March, according to