Tag: Artificial Intelligence

The Federal Energy Regulatory Commission (FERC) told grid operators on Thursday to fast-track interconnection requests from data centers and other large electricity users.

Spain has allocated €719 million ($834 million) towards building an AI ​gigafactory to try to reduce ‌its dependence on foreign technology and ensure AI development complies with European ​regulations, the government said ​on Tuesday.

OpenAI is mulling sharp price cuts to its artificial intelligence offerings, as it looks to woo consumers away from rival Anthropic, the Wall Street Journal reported Wednesday evening stateside, citing sources familiar with the matter.

Perplexity is planning to go public in 2028 regardless of how the market receives the listings of Anthropic and OpenAI, CEO Aravind Srinivas told CNBC.

China is preparing to spend around 2 trillion yuan ($295 billion) over the next five years on building data centers across the country, fueling Beijing’s ambition to propel the domestic AI sector and surpass the US in a potentially game-changing technology.

OpenAI has confidentially filed for an IPO with the Securities and Exchange Commission, joining the party a week after Anthropic did the same and days before Elon Musk’s SpaceX is set to hit the public market.

Amazon is paying Corning billions of dollars for optical fiber to power and connect its rapidly expanding U.S. data centers, the latest megadeal featuring two companies at the center of the artificial intelligence boom.

U.S. President Donald Trump told reporters on Friday that his team is looking into the idea of AI companies giving the American public a ​stake in their firms, adding that he planned to host a ‌meeting with AI executives as soon as next week.

Τριετές πλάνο για την τεχνητή νοημοσύνη, πιθανόν στο μακρινό μέλλον η ΔΕΗ να γίνει μία εταιρεία data center, που θα εμπορεύεται ΑΙ λύσεις

Amazon on Thursday unveiled an upgraded ‌AI-powered mobile robot for its warehouses that can respond to conversational prompts, as part of a €10 billion ($11.6 billion) investment in its European fulfilment network.

Amazon said Wednesday that its cloud division has landed a $6 billion spending commitment from Snowflake, which includes the use of the company’s custom silicon and chips for artificial intelligence.

Shares of Lenovo surged 19.32% on Friday, after the personal computer and electronics giant posted strong revenue growth powered by its growing artificial intelligence business.

Advanced Micro Devices (AMD.O), is working with Taiwan partners to ramp up production capacity as stronger-than-expected demand squeezes the global CPU market, CEO Lisa Su said on Friday.

AMD on Thursday said it will invest more than $10 billion across Taiwan’s semiconductor and AI ecosystem to advance chip production and performance.

The U.S. can talk to China about AI because “we are in the lead,” U.S. Treasury Secretary Scott Bessent told CNBC, as the countries unveiled a protocol on best practices for the rapidly improving technology.

IPO demand exceeded supply by over 20 times, leading to higher price and share count
Cerebras valued at $56.43 billion, largest US IPO this year

Alibaba on Wednesday said its core profitability plunged in the March quarter amid heavy investments in tech and e-commerce, even as the company’s executives talked up its AI revenue growth.

AI data centers in space are looking like a thing after all. And even if Elon Musk’s trillion-dollar rocket company SpaceX isn’t the one running the data centers, it will be the one to put computing power in orbit.

Artificial intelligence chipmaker Cerebras Systems has increased the estimated price range for its initial public offering. It’s now looking to sell at $150 to $160 per share, according to a Monday filing, up from the range of $115 to $125 that it disclosed last week.

Insatiable demand for artificial-intelligence hardware led CoreWeave to report its strongest quarter ever of new business deals on Thursday. But the company’s earnings missed expectations and provided weak guidance.