Tag: Artificial Intelligence

South Korean tech giants to build a $518 billion chipmaking hub to serve soaring AI demand

OpenAI is leaning toward holding off its initial public offering until next year, three people involved in the company’s deliberations said, a turnabout that punctuates the uncertain future for fast-rising artificial intelligence giants.

SK Hynix, one of the three major memory-chip makers whose shares have surged in value due to huge demand for artificial-intelligence applications, said on Wednesday it’s going to issue American depository receipts, giving U.S. investors an easier way of investing in the company.

Oracle shed 21,000 jobs, almost 13% of its workforce, in the past year, as tech giants carry out sweeping layoffs as a result of AI.

Tencent on Monday said it is testing an AI assistant within WeChat in China as the tech giant looks to step up efforts to challenge rivals in the country’s competitive artificial intelligence market.

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.