Nvidia, xAI to participate in project backed by BlackRock, Microsoft to invest $100bn in AI data centres amidst heated competition
Datacentre
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Tencent Capex Triples As It Invests In AI
Chinese social media giant Tencent triples capital expenditure on AI data centres and other areas in 2024, sees continued rise this year
Google To Acquire Wiz For $32bn In Cloud Security Mega-Deal
Google to acquire cloud security start-up Wiz for $32bn, its largest acquisition to date as it faces off against cloud rivals
Nvidia Promises Continued AI Chip Demand At Developer Event
Nvidia chief executive Jensen Huang says 'agents' multiply demand for AI computing power by 100, as investors fear end of extreme growth
New Intel Chief Lip-Bu Tan ‘Considers’ Job Cuts, Factory...
Incoming Intel chief executive Lip-Bu Tan considering cuts to middle management, revamp of Intel Foundry, report says
South Korea Sees China Chip Exports Slump
South Korean chip exports to China fall by nearly one-third after US government restricts sales of AI-friendly HBM memory
Amazon, Google, Meta Pledge Support To Triple Nuclear Capacity
Big name tech firms have backed a pledge to support a goal of at least tripling world's nuclear capacity by 2050
Meta Tests First In-house Chip To Train AI Systems
Bad news for Nvidia? Facebook owner Meta has reportedly begun testing its first in-house chip for training AI systems
Siemens Confirms $285m Manufacturing Investment In US
German conglomerate Siemens confirms $285 million investment for manufacturing facilities in Texas and California
Amazon To Invest $8.2bn To Expand India Cloud Infrastructure
Amazon Web Services to spend $8.2bn in India's Maharashtra state to expand cloud infrastructure as it sees increased cloud, AI demand
Alibaba To Ship High-Performance RISC-V Chip In March
Alibaba develops open source RISC-V-based chip for high-performance computing as it plans massive AI, cloud expenditure
Amazon Joins Quantum Race With New ‘Ocelot’ Chip
Amazon Web Services says new quantum computing chip Ocelot is a breakthrough in building fault-tolerant quantum computers
Nvidia FY25 Profit Rises 130 Percent, Amid AI Boom
Despite stunning financial results Nvidia shares were muted, as concern over new chip costs offset optimism over AI demand
EU ‘Unconditionally Approves’ Nokia’s $2.3bn...
As expected, European Commission approves Nokia’s $2.3 billion purchase of US data centre equipment provider Infinera
Apple To Invest $500bn In US As It Seeks Tariff Exemptions
Apple announces plans to spend $500bn in US over four years as it negotiates with US administration for exemptions to China tariffs
Microsoft Cancels Data Centre Leases In AI Shift
Analysts say Microsoft has cancelled data centre leases in US, scaled back international spending in shift on AI expansion plans
South Korea To Buy 10,000 GPUs For National AI Hub
South Korea hopes to gain leg up in international AI race with infusion of private investment for national AI computing centre
Nokia’s $2.3bn Infinera Deal Set For ‘Unconditional’...
Nokia's $2.3bn Infinera buy set to make company world's second-biggest vendor of optical networking gear for data centres
ARM Shares Rise Amid Report Meta Will Purchase Its First Chip
British chip designer ARM Holdings is reportedly developing its own chip, and Meta is one of its first customers
OpenAI ‘Finalising Design’ For In-House AI Chip
OpenAI reportedly set to finalise design for first in-house AI chip within months, putting it on track to come into use next year
DeepSeek Ends Promotional API Pricing Amidst Demand Surge
Chinese AI start-up DeepSeek discontinues promotional pricing for V3 large language model as demand surge strains resources
Alphabet Disappoints Investors, Despite Profit, Revenue Increases
Negative reaction from Wall Street, after Google parent Alphabet slightly missed Q4 revenue target, despite healthy overall growth
Microsoft Shares Sink After Cloud Unit Misses Projections
Microsoft's shares drop in after-hours trading after company says capacity constraints for AI cloud business to continue for months
Low-Cost Chinese AI Chatbot Roils Tech Stocks
AI chatbot from Chinese start-up DeepSeek jumps to top of iOS free downloads in US, shaving billions off tech stocks around world
Meta To Spend Up To $65bn On AI This Year
Meta plans to spend up to $65bn on AI infrastructure this year, as it faces competition from rival companies and 'Stargate' initiative
Tech Giants Announce $500 Billion AI Plan In US
OpenAI, SoftBank, Oracle and others form joint venture called 'The Stargate Project' – to build $500 billion AI infrastructure in US
Worldwide IT Spending Set To Rise 9.8 Percent In 2025 – Gartner
Spending on IT is forecasted to increase in 2025 according to Gartner, but price increases will absorb the increased CIO budgets
Biden Signs Order For Energy Provision For AI Data Centres
Executive order for AI signed by President Biden, to reduce bottlenecks to connect AI data centres to clean energy sources
Apple Creates Data-Processing Company In Shanghai
Apple forms data-processing venture in Shanghai amidst ongoing efforts to introduce AI offerings in mainland China
Databricks Raises $10bn In Huge AI Funding Round
Data analytics and AI start-up Databricks completes huge $10bn round from major venture capitalists as investors seek AI exposure