Tag: Artificial Intelligence

Fermi Inc. has signed a credit support agreement with Advanced Micro Devices to back a lease for the first phase of Fermi’s Project Matador, an energy and AI development in Carson County, Texas, with 222 megawatts of gross power capacity.

The International Monetary Fund has raised its forecast for global growth this year as the AI-driven investment boom helps offset some of the impact from surging energy costs, while warning that economic resilience could be nearing its breaking point.

Alibaba Group Holding Ltd. on Tuesday unveiled the new generation of its smart glasses, deepening its foray into consumer electronics as an extension of its artificial intelligence strategy. 

The chief executives of Intel and Broadcom warned that access to capital could emerge as a major constraint on the artificial intelligence boom, even as demand for computing infrastructure continues to outstrip supply. 

IREN shares rose 5.5% during Monday’s trading session following reports that the company has secured a multiyear cloud services agreement with artificial intelligence firm Anthropic.

Amazon is in talks to acquire AI startup Decart in ​a deal valued at around $7 billion, ‌the Wall Street Journal reported on Sunday, citing people familiar with the matter.

Nvidia is in talks to acquire or deepen its investment in US start-up Reflection AI, a developer of open-weight models that President Donald Trump’s administration hopes will rival cheap Chinese alternatives, people with direct knowledge of the matter said.

SoftBank Group founder Masayoshi Son is seeking to raise as much as $100 billion from Gulf investors to finance an ambitious artificial intelligence investment strategy, the Financial Times reported on Friday, citing people familiar with the discussions.

OpenAI’s annualised revenue is about $20bn less than the company had signalled, according to financial documents shared with investors, a massive gap likely to damp optimism about the growth of AI demand.

Anthropic and OpenAI are poaching officials from the Trump administration for senior roles as the AI sector scrambles to strengthen ties to Washington, with frontier tech increasingly viewed as a national security issue.

Chinese AI startup DeepSeek is set to raise more than 80 billion yuan ($11.93 billion) in its latest funding round, said ​one person with knowledge of the matter, as the firm ‌builds up a war chest of capital ahead of a domestic IPO.

AMD plans to substantially increase chip supply in 2027 as the US chipmaker races to meet booming demand from artificial intelligence, CEO Lisa Su said on Tuesday.

A US AI start-up backed by Nvidia and the Trump administration has unveiled its first open-weight model, boosting American ambitions to compete with Chinese groups that dominate the market for public, customisable AI products. 

Cerebras Systems shares were gaining in premarket trading Monday after a slump last week. OpenAI CEO Sam Altman has good news about his company’s work with the chip maker.

Anthropic’s IPO ​prospectus documents extensive partnerships with a handful of big tech firms. One stands out: chip maker Broadcom.

Alphabet unveiled Gemini 4 Argon on Wednesday, its most advanced artificial intelligence model yet, offering major improvements in coding, cybersecurity, and complex professional work. The company said the model sets a new record in real-world software engineering, ties for first in cybersecurity, and leads another benchmark measuring performance across finance, legal, and other professional tasks.

 OpenAI on Tuesday unveiled always-on agents called dots that chase user goals across apps ​on their own, deepening its push into the lucrative enterprise market and pitting it against Meta in the race to sell AI that can work autonomously.

Advanced Micro Devices said Monday that it’s agreed to acquire World Labs, the San Francisco-based AI lab founded by industry pioneer Fei-Fei Li, for $8.2 billion. The chipmaker, which previously invested in World Labs, said it’s paying for the startup in stock.

Anthropic is making a massive bet that AI will transform the global economy more profoundly than ​industrialization, electricity and the internet, according to its IPO prospectus seen by Reuters.

OpenAI said another agentic AI system that was being trained in what was supposed to be a secured, internet-free environment was able to gain access to the web to reach an external, third-party chatbot.