A planned $600 billion artificial intelligence spending splurge by big tech firms in 2026 is adding to investor unease as they assess the implications for profitability as well as a potential existential threat to software firms. Shares of Amazon, which had announced a $200 billion capital expenditure outlay, slid 7% on Friday while Alphabet lost … Read more
India is entering a decisive phase of growth, driven by AI that has the potential to transform industry, infrastructure and energy systems. From advanced manufacturing to energy production, AI is already moving to the core of industrial operations. As it does so, the pressure is mounting to meet its significant power demands. For decades, geopolitics … Read more
South Korea became the first country to have a wide-ranging law regulating artificial intelligence take full effect on Thursday, including specific provisions targeting deepfakes. The country, home to memory chip powerhouses Samsung and SK hynix, has said it aims to join the United States and China as one of the top three AI powers. “The … Read more
Emergent has raised $70 million in a fresh round of funding led by Khosla Ventures and SoftBank Vision Fund 2, as the San Francisco-headquartered vibe coding startup looks to bolster its engineering team and expand into the enterprise market. Other investors such as Prosus, Lightspeed, Together, and Y Combinator also participated in the investment round. … Read more
Elon Musk wants OpenAI Inc. and Microsoft to pay him damages in the range of $79 billion to $134 billion over his claims that the generative AI company defrauded him by abandoning its nonprofit roots and partnering with the software giant. Musk’s lawyer detailed the damages request in a court filing Friday, a day after … Read more
OpenAI announced Friday it will begin testing advertisements on ChatGPT in the coming weeks, as the wildly popular artificial intelligence chatbot seeks to increase revenue to cover its soaring costs. The ads will initially appear in the United States for free and lower-tier subscribers, the company said in a blog post outlining its long-anticipated move. … Read more
Billionaire technocrat Elon Musk believes that 10 to 20 years in the future, if the advances he envisions through artificial intelligence and robotics fructify, you don’t need to save for retirement as all healthcare, housing and income needs will be met by an abundant society. “One like side recommendation I have is, don’t worry about … Read more
Google has been the fastest to monetize its AI platforms, signing deals with large enterprises such as Samsung and India’s homegrown oil-to-telecom major Reliance Industries Ltd, among others—its market growth is a clear reflection of these deals. Source link
A few days ago, Tesla CEO Elon Musk reacted on X to silver price surge, “This is not good. Silver is needed in many industrial processes.” It was a warning that silver is a critical industrial input and that rising prices pose risks to manufacturing costs. While expectations of U.S. Federal Reserve rate cuts in … Read more