Keywords: Ai


Amazon plans $33 billion cloud and AI expansion across Southeast Asia

Amazon said Thursday that its cumulative investment in cloud computing and artificial intelligence infrastructure across Indonesia, Malaysia, Singapore and Thailand is expected to exceed $33 billion by 2039, reinforcing Southeast Asia’s position as a growing global hub for digital infrastructure. The......

Anthropic expands into Europe with new Milan office

U.S.-based artificial intelligence company Anthropic has announced plans to open a new office in Milan as part of its continued expansion across Europe, driven by increasing global demand for generative AI technologies. The move follows the company’s recent establishment of offices in major European......

Arm Holdings hits all-time high on wave of analyst upgrades and AI infrastructure optimism

Arm Holdings shares surged approximately 15 percent on Wednesday, May 20, reaching an intraday record above $259, driven by a wave of bullish analyst commentary highlighting the chipmaker's expanding role at the center of artificial intelligence infrastructure. The stock closed at around $256.73,......

Nvidia concedes Chinese AI chip market as Huawei gains dominance

Nvidia chief executive Jensen Huang said the company has effectively surrendered the Chinese artificial intelligence chip market to Huawei as US export controls continue to prevent major sales of advanced processors to Chinese firms. The remarks came as Nvidia reported record first quarter revenue of......

Alibaba launches powerful AI chip to challenge Nvidia dominance in China

Alibaba has introduced its most advanced artificial intelligence chip to date alongside a new large language model, signaling a stronger push to reduce China’s reliance on foreign semiconductor technology. The announcement took place at the company’s annual cloud summit in Hangzhou, where......

This company automatically increases its employees’ salaries by 10% every year

A Swedish technology startup operating in the artificial intelligence sector has introduced an unusual salary policy: an automatic 10% pay increase for all employees every year on their work anniversary. The company, Lovable, founded in 2023, is part of a fast-growing wave of European AI firms competing......

Google unveils new connected glasses featuring AI assistant Gemini

Google has introduced its latest smart glasses, marking a renewed attempt to enter the wearable technology market after the failure of Google Glass more than a decade ago. The new device, revealed during the company’s annual Google I/O event in California, is expected to launch in the fall. The......

HSBC chief warns 200,000 staff to adopt AI or risk falling behind

HSBC chief executive Georges Elhedery has told the bank’s 200,000 employees to embrace artificial intelligence or risk being left behind, framing generative AI as a force that will both eliminate and create jobs across the financial sector. He made the remarks during an investor day presentation......

Jensen Huang says he would not build Nvidia again today

Jensen Huang, cofounder and chief executive of Nvidia, said he would not launch the company again if given the chance, describing the emotional and personal cost of building what has become the world’s most valuable publicly traded company. The remarks were made during a recent episode of the podcast......