The AI boom has unleashed an unprecedented wave of spending, with technology companies committing hundreds of billions of dollars to AI infrastructure, data centres, chips, and startups. But amid this investment frenzy, one key question remains: where is all the money actually going? OpenAI led AI boom Today’s AI spending wave can be traced back … Read more
The story so far: The Global Capability Centres (GCCs) are wholly-owned, captive firms of multinationals that serve only their global parent company. These offices of multinationals are reshaping the urban office spaces and job markets in Bengaluru, Hyderabad, Pune and a host of other Indian cities. They have added a layer of high-paying jobs at … Read more
IBM forecast adjusted earnings per share of $2.93 for the quarter, below the analysts’ consensus estimate of $3.02. (AP photo) IBM stock price crash: IBM shares tumbled on Tuesday after the company indicated that its second-quarter revenue would likely fall short of Wall Street expectations. Based on preliminary results, IBM projected quarterly revenue of $17.2 … Read more
India’s fast-growing artificial intelligence data-centre industry is driving a sharp rise in demand for engineers from mechanical, electrical and industrial disciplines, creating lucrative opportunities in fields that had long been eclipsed by software jobs, as reported by Times of India. As companies ramp up investments in AI infrastructure, professionals with expertise in power systems, cooling … Read more
Micron Technology’s market value surged past that of Meta Platforms and ahead of Tesla on Thursday, as investors responded positively to the company’s latest outlook and growing exposure to the artificial intelligence sector. The memory chipmaker’s shares skyrocketed 18.4% to $1,236, lifting its market capitalisation to $1.398 trillion, placing it aboveMeta, which was valued at … Read more
Adani Group and Jabil Inc. on Monday announced plans to form a strategic alliance to establish a vertically integrated AI and data centre infrastructure manufacturing platform in India, targeting large-scale production of AI-ready hardware for domestic and global markets. The proposed alliance will combine Jabil’s engineering and advanced manufacturing capabilities with Adani Group’s infrastructure, green … Read more
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
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