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artificial intelligence
Technology
Microsoft pledges $2.7 billion investment in Brazil’s cloud, AI infrastructure
Microsoft will also launch ConectAI to train five million people over the next three years with AI skills
Banking & Finance
Microsoft to launch $30 billion investment fund for AI infrastructure with BlackRock
Funding to mobilize up to $100 billion in total investment potential when including debt financing
Europe
Amazon plans over $10 billion investment in U.K. data centers, supporting 14,000 jobs annually
Amazon has made direct investments of more than £56 billion in the U.K. between 2010 and 2022
Technology
ChatGPT’s weekly users exceed 200 million, says OpenAI
The startup also revealed that 92 percent of Fortune 500 companies are using its products
Europe
59 percent of EU enterprises embrace digitalization in 2023
Finland emerged as the EU country with the highest level of enterprises reaching a very high level of digitalization at 13 percent
Technology
U.S. to award HP $50 million in funding for Oregon facility expansion, modernization
Development and expansion using U.S. funding would boost the lab-to-fab ecosystem that HP has established in Corvallis
Asia
India’s bio economy to reach $300 billion by 2030 under new government policy
New policy seeks to foster the development of bio-based products with minimal carbon footprints in India
Technology
What to expect from Apple’s highly anticipated fall event on September 9
How Apple aims to reignite global growth with its fall lineup
Technology
North America’s under-construction data center supply rises 70 percent In H1 2024 as demand continues to grow: Report
North America continued to see an increase in data center pricing during the first half of the year albeit at a slower rate than last year
Asia
Only 20 percent of Japanese companies use GenAI due to expertise, accuracy concerns: Survey
The primary concern cited by 54.1 percent of respondents was a lack of skilled staff and operational expertise
Asia
South Korea’s ICT exports surge 32.8 percent to $19.4 billion on AI and mobile phones
Semiconductor exports skyrocketed by 49.0 percent to $11.23 billion
Miscellaneous
Google brings powerful Gemini AI to Android, alongside new Pixel 9 phones
The smartphones come equipped with the Gemini AI features and are powered by Google's Tensor G4 processor
Asia
Leading Chinese chipmaker SMIC revenues rise 21.8 percent to $1.9 billion in Q2 2024
The company's capital expenditure reached $2.25 billion in the second quarter
Banking & Finance
Meta raises $10.5 billion in debt offering to supercharge AI investments, outpace competition
Analysts projected Meta's 2024 capex at $35-40 billion, but the company raised the minimum to $37 million
Asia
Over 40 percent of Japanese firms remain hesitant to adopt AI: Survey
Data showed that 24 percent of companies have implemented AI, and 35 percent plan to do so in the future
Markets
Amazon’s market value exceeds $2 trillion as stock surges 3.9 percent on AI optimism
U.S. stock market recorded significant gains this year as enthusiasm around AI surged
Europe
Oracle to invest over $1 billion in AI and cloud computing in Spain
Madrid is expected to receive investments of more than 6 billion euros from the cloud industry in the next three years
Technology
Google introduces new AI-powered anti-theft features for Android in Brazil
Brazilian Android users with compatible devices will be able to access a beta version of these features
Technology
Nvidia exceeds $3 trillion mark, overtakes Apple as second most valuable company
Nvidia's stock has surged 147 percent so far this year, with demand for its AI chips significantly outweighing supply
Europe
Microsoft to invest $3.2 billion in cloud and AI infrastructure expansion in Sweden
The tech giant plans to deploy 20,000 advanced GPUs at its Swedish data centers
Asia
Google to invest $2 billion in data center and cloud region in Malaysia
The data center will power services such as Search, Maps, and Workspace, and will help deliver AI services
Technology
Worldwide AI chips revenue to grow 33 percent to $71 billion in 2024: Report
The value of AI accelerators used in servers is expected to increase to $33 billion by 2028
Technology
Public cloud spending projected to reach $675 billion globally by 2024: Report
SaaS spending is forecast to grow 20 percent to reach a total of $247.2 billion in 2024
Technology
Microsoft bets on AI-driven ‘Copilot+’ PCs to drive strong profit growth
Priced starting at $1,000, the Copilot+ PCs will begin shipping on June 18
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