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Singapore has invested more than S$1 billion in AI, but AI Singapore sees a shortage of people who can build it
Despite billion-dollar investments in AI, Singapore risks producing large numbers of certified users without training enough engineers and researchers in time.
Alphabet and Amazon show returns from AI while Meta lags in the investment race
A new round of quarterly reports showed that AI investments are already delivering results for Alphabet and Amazon, while Meta is stalling and Anthropic and Stripe are raising the stakes.
Amazon to pair giant Cerebras chips with Trainium to run AI models
Amazon will use chips from startup Cerebras alongside its own Trainium chips to run AI models more efficiently and increase the flexibility of its compute infrastructure.
Elon Musk vows to rebuild xAI after a new wave of co-founder departures
Elon Musk said he will rebuild xAI after a string of departures from the company: staffing turbulence has intensified questions about the startup’s growth pace and its longer-term strategy.
Nvidia partner Hon Hai posts lower profit, deepening concerns over demand for AI servers
Hon Hai, one of Nvidia’s key partners in server hardware, reported a 2.4% drop in quarterly profit, and the market saw it as a possible sign of cooling demand for AI infrastructure.
Alibaba combines AI services into a new business unit to boost profit growth
Alibaba is creating a separate unit that will bring together the company's fragmented AI services and development efforts so it can turn technology projects into revenue and profit more quickly.
xAI hires bankers and credit experts to strengthen Grok in finance
xAI wants to train Grok in financial strategy with the help of bankers and private credit specialists, betting on a more professional and higher-priced segment of AI tools.
Meta to spend up to $27 billion on Nebius Group AI infrastructure over the next five years
Meta is prepared to spend up to $27 billion over five years for access to Nebius Group's AI infrastructure, showing that competition for computing capacity is becoming the main battleground in the AI market.
Meta expands AI deal with Nebius, OpenAI seeks partners, and Nvidia launches GTC
Meta is strengthening access to compute through Nebius, OpenAI is preparing a joint venture for the enterprise market, and Nvidia’s GTC conference is expected to set the tone for the next phase of the AI race.
Nvidia expects up to $1 trillion in revenue from AI chips by 2027 and unveiled new products
At its annual event, Nvidia said its flagship AI processors could generate up to $1 trillion in sales by 2027, while also unveiling new products for AI infrastructure.
Nvidia expects to make at least $1 trillion from Blackwell and Rubin AI chips
Nvidia CEO Jensen Huang said at GTC in San Jose that the Blackwell and Rubin chips should bring the company at least $1 trillion by the end of 2027.
Trustpilot sets its sights on e-commerce deals and expects margins to double by 2030
Trustpilot is seeking deals with major e-commerce platforms and expects to double its margin by 2030, leveraging growing demand for AI models and the value of review data.
Tailscale acquired Border0 to protect enterprise networks from the influx of AI agents
Canadian company Tailscale made its first acquisition by buying Border0: the company is strengthening access control tools as AI agents increasingly connect to servers and internal systems.
Nordea ready to cut up to 5% of its workforce, expecting cost savings from AI
Scandinavian bank Nordea has put up to 1,500 jobs at risk: the company expects AI adoption to speed up internal processes, improve efficiency and reduce costs.
Alibaba Unveiled MAOSS AI Model for Early Detection of Fatty Liver Disease
Alibaba DAMO Academy presented MAOSS, a model that analyzes standard CT scans and blood tests to identify patients at risk of fatty liver disease progression earlier.
Microsoft merges enterprise and consumer Copilot teams for a unified platform
Microsoft is merging its consumer and enterprise Copilot teams to ship features faster, reduce product fragmentation, and make the AI assistant a single experience for work and personal use.
Appeals court temporarily lets Perplexity keep Comet shopping bots running on Amazon
Perplexity won a temporary pause in its dispute with Amazon: Comet shopping bots will not be shut down for now while the appeals court considers whether an AI agent can act on a user's behalf.
Pentagon Seeks Anthropic Replacement Over Military Use Restrictions on Claude
Pentagon began replacing Anthropic tools after dispute over military restrictions on Claude: the department is implementing multiple LLMs into its systems and preparing rapid transition.
Nvidia forecasts $1 trillion in revenue by 2027: AI infrastructure not slowing down
Nvidia counts on $1 trillion in sales by 2027; IBM announces M&A strategy in AI; startup Gecko Robotics already uses robots for inspecting US Navy ships instead of divers.
Nvidia restarts H200 production for China after securing sales licenses for customers
Nvidia has secured licenses to sell H200 accelerators to multiple customers in China and is already restarting production, preparing to restore more stable supplies to the major AI market.
Swarmer shares soar 520% after listing: strongest debut for a drone AI software developer
In its U.S. trading debut, shares of Swarmer, a developer of AI software for drones, climbed as much as 520%, marking one of the strongest stock market debuts of the past year.
Trump administration threatens to remove Anthropic from U.S. government agencies after dispute over AI tools
The U.S. administration pledged to seek Anthropic's removal from all government agencies after a conflict over how federal bodies may use the company's AI technologies.
Samsung to supply AMD next-generation AI memory, develop AI technologies together
Samsung and AMD have agreed to supply next-generation memory for AI and jointly develop future computing technologies, intensifying the race for AI hardware.
UniCredit expects to save up to €500 million over five years thanks to AI implementation
Italian bank UniCredit has estimated the impact of AI implementation at €400–500 million in net cost reductions over five years through the automation of key processes.
Xbow raised a new round and became a "unicorn" amid interest in AI cybersecurity
Xbow raised a new round at a valuation above $1 billion, showing that investors are ready to actively invest in AI tools for finding vulnerabilities and protecting applications.
Fluidstack exits €10B French AI project and pivots to the US
Startup Fluidstack abandoned a high-profile €10B AI data center project in France and is betting on the US, where it secured larger contracts.
Podcast Index: nearly 40% of new podcasts are already being created by AI, and the audio market is concerned
Over the past nine days, about 39% of new podcasts in the open Podcast Index catalog were likely created by AI — and that is already changing search, moderation, and the economics of the audio market.
Meta spends on AI like a hyperscaler but doesn't show Amazon and Google's growth
Bloomberg Opinion believes Meta is too aggressively ramping up AI and data center spending without the cloud growth that Amazon and Google are already showing.
Amazon, Google and Meta Increase Debt for New AI Infrastructure Race
The largest U.S. tech companies, including Amazon, Google and Meta, are increasingly turning to record-breaking borrowing to build data centers, purchase chips and keep pace in the AI race.
SAP reshapes AI strategy: new teams and pay-per-use instead of subscriptions
SAP CEO Christian Klein is launching a major AI division and moving customers to pay-per-use pricing to adapt the business to the era of AI agents.