xAI, Elon Musk’s artificial intelligence (AI) company, has raised USD 6 billion in new capital, according to a regulatory filing. The equity financing came from 97 investors and includes stakes as small as USD 77,593, as stated in the filing with the US Securities and Exchange Commission on Thursday. The … Read More
Nvidia, on Thursday, announced that it is opening its first Research and Development (R&D) center in Vietnam, reinforcing its commitment to the “country’s bright artificial intelligence (AI) future.” The center, developed in collaboration with the Vietnamese government, will focus on AI software development, tapping into Vietnam’s robust STEM talent pool. … Read More
Swedish telecommunications company Ericsson is reportedly advancing its push to integrate artificial intelligence (AI) into telecom products and services, aiming for fully autonomous network operations. The company has established AI accelerator hubs in North America, Sweden, and India to develop AI-driven solutions for telecom challenges, according to an ET report. … Read More
Microsoft has announced a new AI training initiative in Poland to train one million people with artificial intelligence (AI) skills by 2025. This effort builds on the company’s investment in development of the Polish Digital Valley, under which the company has already trained over 430,000 IT specialists, business representatives, partners … Read More
Anduril Industries, a defense technology firm, has announced a strategic partnership with OpenAI, the maker of ChatGPT and AI models such as GPT 4o and OpenAI o1, to develop and deploy advanced artificial intelligence (AI) solutions solutions for national security missions. By combining OpenAI’s advanced AI models, with Anduril’s defense … Read More
Citigroup has started rolling out new artificial intelligence (AI) tools for its employees. The financial services company has introduced two AI tools, Citi Assist and Citi Stylus, to enhance productivity for its 140,000 employees across eight countries, including the US, Canada, Hungary, India, Ireland, Poland, Singapore, and the United Kingdom, … Read More
Akash Systems has signed a USD 27 million (Rs 225 crores) contract with NxtGen Datacenter and Cloud Technologies, India’s largest sovereign cloud provider, to supply its Diamond Cooled servers for data centers across India. “The collaboration will position NxtGen as the world’s most energy-efficient AI compute solutions provider by using … Read More
Latvia’s Ministry of Economics, Ministry of Smart Administration, the Investment and Development Agency (LIAA), and the State Digital Development Agency signed a Memorandum of Understanding (MoU) with Microsoft on December 3 to boost the country’s digital transformation. The agreement focuses on collaborating with Microsoft to develop a National Center for … Read More
Saudi Arabia’s Stc Group and Nokia’s Bell Labs Consulting have successfully trialled a generative AI solution that will streamline service provisioning, reduce time to market, and lower costs. The generative artificial intelligence (AI) solution simplifies Stc Group’s complex network of multi-technology and multi-vendor systems, enhancing efficiency and saving resources for … Read More
Facebook-parent Meta, in partnership with Louisiana Economic Development (LED), has announced plans for a USD 10 billion artificial intelligence (AI) data center in Richland Parish, Louisiana. Spanning 4 million square feet on 2,250 acres, the facility will be the Meta’s largest in the world. Construction is slated to begin this … Read More
Cybersecurity firm Rubrik on December 3 launched an application programming interface (API) service called ‘Annapurna’, integrated with Amazon Bedrock, to enable customers to quickly build enterprise-grade generative artificial intelligence (GenAI) applications. Rubrik said its Annapurna API service is designed to enable fast access to secure data embeddings from Rubrik Security … Read More
Google has been upgrading its products and services by infusing artificial intelligence (AI) into them to deliver a better experience for its users. Whenever such an upgrade happens, Google announces it so that customers can make the best use of its AI-powered products or services. In fact, Google states that … Read More
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