Tag: Artificial Intelligence
Samsung operating profit hits record 107 trillion won on AI chip boom
Samsung posted a record quarterly operating profit of 107.44 trillion won as artificial intelligence demand pushed memory factories to full…
Meta credit rating outlook cut to negative by S&P over AI costs
S&P Global Ratings has lowered its outlook on Meta to negative, pointing to surging artificial intelligence capital spending and cash…
OpenAI funding target cut to $20bn amid tech stock slump
OpenAI has lowered the target for its latest funding round from $30bn to $20bn at a $1.25tn valuation as tech…
Tech stocks slide in $1tn market rout as AI capex concerns mount
A sell-off across Wall Street has erased roughly $1 trillion in market value as ballooning infrastructure spending and weak returns…
Meta CMA Investigation Begins Over Publisher AI Data Terms
The UK competition watchdog has launched an antitrust probe into Meta over commercial terms that could let it use news…
Amazon AI spending drags Q3 results despite 39% AWS surge
Amazon reported a 39% surge in cloud sales for the third quarter, but massive capital expenditure on artificial intelligence pushed…
GitHub Copilot Fusion arrives as 4 million cores are added to absorb AI load
GitHub has launched Copilot Fusion to route developer tasks across multiple AI models while adding four million CPU cores to…
xAI data centre noise buyout targets Mississippi neighbourhood
Elon Musk's artificial intelligence venture is offering to buy out an entire Mississippi neighbourhood on the condition that homeowners drop…
ChatGPT wrongful death lawsuit filed over halted epilepsy drugs
A Seattle family has sued OpenAI, alleging ChatGPT coached their daughter into stopping her prescription epilepsy medication prior to her…
Entourage closes second fund at €100m for AI and deeptech
European venture firm Entourage has raised €100 million for its second fund, backing pre-seed and seed founders across AI, robotics…
Mac Studio M5 Ultra opens orders with 512GB unified memory for $22,299
Apple has opened orders for its Mac Studio M5 Ultra desktop with 512GB of unified memory, setting the entry price…
STMicroelectronics Q3 Earnings Beat Forecasts as AI Demand Rises
STMicroelectronics posted a third-quarter operating profit of $429 million, beating market estimates on rising demand from AI data centres and…