Reid Hoffman, the venture capitalist and co-founder of LinkedIn, has announced his departure from Microsoft’s board of directors later this year, citing a desire to dedicate his attention to a new artificial intelligence-focused drug-discovery venture. The announcement is a significant shift in Hoffman’s portfolio of responsibilities and marks the end of a seven-year tenure at … Read more
SoftBank Group Corp. plans to invest as much as €75 billion ($87 billion) to build artificial intelligence data centers in France, La Tribune and the Financial Times reported. The Japanese group is set to invest the first €45 billion to construct two data centers in Le Bosquel and Dunkirk, which will become operational in 2028 … Read more
Anthropic said on Thursday it has raised $65 billion at a post-money valuation of $965 billion, as it aims to bolster computing capacity to meet growing demand for chatbot Claude and scale its products. The new valuation after the series H funding round puts Anthropic ahead of OpenAI, last valued at $852 billion post-money in … Read more
A looming 18-day strike at South Korean chip giant Samsung that has triggered worries within the government, rattled foreign investors and threatened global supply chains rests on one crucial question: who should share in the spoils of the AI boom? More than 45,000 workers are threatening to stage the largest strike in the conglomerate’s history … Read more
The company has emerged as a key player, alongside domestic rival SK hynix, in the supply of high-performing chips The market value of South Korea’s Samsung Electronics smashed past $1 trillion for the first time Wednesday as the firm rides an AI chip boom that has sent Seoul’s Kospi stock index to record highs. The … Read more
Freshworks said on Tuesday it would cut 11% of its workforce, or about 500 jobs, as the business-software company grapples with an industry being reshaped by artificial intelligence. The cuts are the latest tied to AI in the software sector as companies race to automate work and reshape products around the technology while trying to … Read more
A Chinese court ruled that companies cannot terminate employees just to replace them with artificial intelligence systems, as authorities juggle the need to stabilise the domestic labour market with a global race to develop AI technologies.The court decided that a tech firm in eastern China had illegally fired one of its workers after he refused … Read more
The ‌city-state, a longtime darling for its business-friendly stance and bilingual population, is increasingly being seen as a place to keep both ​China and the U.S. at bay Singapore is transforming from East-West gateway ​to neutral ground for the AI sector, with Chinese startups hoping to operate beyond government reach while U.S. firms seek foreign … Read more
Amazon announced on Monday that it will invest up to $25 billion in Anthropic. As part of the deal, the AI firm has also committed to spending more than $100 billion over the next decade on Amazon’s cloud technologies. The deal signals one of the largest long-term collaborations in the rapidly intensifying AI race and … Read more