Amazon announced that it will increase its capital expenditures on technology, primarily artificial intelligence, by an extra 10% this year. The tech and e-commerce giant
Category: TECH
EU has allocated $11.4 billion for 7 AI gigafactories to compete with the US and China.
The executive of the 27-nation bloc announced on Thursday that the European Union is providing 10 billion euros ($11.4 billion) in funding for companies to
Elon Musk launches X Money, offering 6% interest, 3% cashback, and real-time transfers.
Elon Musk’s social media firm X has introduced a tool similar to a bank account that allows users to transmit money to each other. X
China’s CXMT, the largest chip memory maker, soars 472% with debut.
China’s largest memory chip manufacturer, CXMT, saw its shares soar on Monday as it started trading in Shanghai in the country’s largest IPO in recent
EU fines Google $1 billion for favoring its own services in the Play app store and search results.
The European Union fined Google 890 million euros ($1 billion) on Thursday for allegedly violating digital antitrust laws by using Google Play and its widely
Judge awards Anthropic a $1.5 billion settlement for the largest copyright infringement in history, utilized to train the Claude chatbot.
After utilizing unauthorized copies of writers’ works to train its Claude chatbot, Anthropic, an artificial intelligence corporation, will pay thousands of authors around $3,000 per
Google is to introduce a new server chip to run Gemini models more effectively.
Google is working on a new server chip that would directly integrate components of its Gemini model into the hardware in an effort to provide
Meta to diversify beyond advertising with a $10 billion Anthropic compute lease deal.
Meta Platforms is in negotiations to lease processing power to Anthropic in a possible transaction worth up to $10 billion over two years. In the
Apple overtakes Nvidia to become the world’s most valuable company as investors reassess AI’s impact.
As investors reevaluate the prospects for artificial intelligence, Apple overtook Nvidia on Friday to become the most valuable business in the world, shifting the top
BlackRock’s assets reached a record $15 trillion thanks to ETF inflows and strong markets.
As investors poured money into its exchange-traded funds and a stock market boom increased the value of client assets, BlackRock topped Wall Street projections for
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