Government spending on artificial intelligence (AI) is surging worldwide. In the United States, for example, the federal government invested more than US$3 billion in the2023fiscalyear and an influential US taskforce - the National Artificial Intelligence Research Resource (NA1RR) - recommended ...
{{#rendered}}{{/rendered}} Jared Leto attends the 3rd Annual Academy Museum Gala at the Academy Museum of Motion Pictures on Dec. 3, 2023, in Los Angeles, California.(Kevin Winter/WireImage) Welcome to Fox News’ Artificial Intelligence newsletter with the latest AI technology advancements. ...
For instance, in July, billionaire entrepreneur Elon Musk announced that a supercluster in Memphis, Tennessee, began training with 100,000 Nvdia H100 GPUs, which he called "the world's most powerful AI training cluster." Two months later, Musk revealed that this cluster, named "Colossus," woul...
“After AI, the two technologies gaining the most momentum in new investment are data lake or lakehouse and data fabric or mesh, with both seeing a 5% increase in the number of organizations planning to invest in 2023,” the report reads. “These platforms facilitate better access to...
Pressure has been building on VC firms with substantial investments in China, in part due to concerns over intellectual property theft within technology and a budding AI race. Last month, legendary VC firm Sequoia Capital saidit wouldsplit its international businessinto three parts, with Neil Shen...
In 2023, Taiwan Semiconductor’s 10 large customers contributed 70% to the total revenues. The largest customer among them contributed 25% alone, whereas the second-largest customer accounted for 11% of the net revenues in the same year. Growing relationships with these behemoths are expected to...
In the past year, the race cooled down, and stability became the keyword for service robot manufacturers in 2023. Can hotel robots actually reduce costs? Over the past three years, hotel service robots have gradually become standard equipment partly due to contactless delivery during the pandemic....
BurdaPrincipal Investments (BPI), the international growth capital provider of media and technology company Hubert Burda Media, is participating in Aleph Alpha’s Series B financing round. BPI has been monitoring opportunities in Artificial Intelligence (AI) since 2018 and with this investment, BPI ...
AI in Ecommerceis an excellent example of this. Many ecommerce businesses make AI investments in digital commerce that don’t pay off. Instead, these AI investments end up being “little trophies” that are admired by the competition — with no real return on investment. ...
The European Commission has signaled its intent to investigate whether the Redmond company’s investments in the AI firm deserve review under the EU Merger Regulation.