AI investments

AI’s $100 Billion Data Center Push May Rewire Global Commerce
AI’s $100 Billion Data Center Push May Rewire Global Commerce
September 18, 2024  |  artificial intelligence

A newly formed coalition of tech and finance titans is betting $100 billion that artificial intelligence (AI) could alter global trade infrastructure, launching an ambitious...

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AI in Gaming: Kinetix Launches Fund for User Content as Cloud Deal is Inked
AI in Gaming: Kinetix Launches Fund for User Content as Cloud Deal is Inked
September 17, 2024  |  artificial intelligence

From boosting cloud gaming performance to enabling player-created content and lifelike characters, artificial intelligence (AI) opens up fresh possibilities for developers and gamers alike. AI...

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Report: OpenAI Must Alter Structure to Reach $150 Billion Valuation
Report: OpenAI Must Alter Structure to Reach $150 Billion Valuation
September 15, 2024  |  artificial intelligence

OpenAI’s $150 billion valuation will reportedly depend on whether it can change its corporate structure. That’s according to a report Saturday (Sept. 14) by Reuters,...

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Report: UAE State-Backed Investment Company MGX Considers Investment in OpenAI
Report: UAE State-Backed Investment Company MGX Considers Investment in OpenAI
September 12, 2024  |  Investments

MGX, a United Arab Emirates (UAE) state-backed technology investment company, is reportedly considering participating in a multibillion funding round for OpenAI. The fund has not determined the...

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Sequoia Bets on AI Apps, Nvidia Chips in High Demand, Oracle Cloud Grows
Sequoia Bets on AI Apps, Nvidia Chips in High Demand, Oracle Cloud Grows
September 12, 2024  |  artificial intelligence

Sequoia Capital, Nvidia and Oracle are all in on artificial intelligence this week. From VC investments in AI applications to skyrocketing demand for AI chips...

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VC Firm Upload Ventures Trades Credit FinTechs for AI Investments
VC Firm Upload Ventures Trades Credit FinTechs for AI Investments
September 11, 2024  |  Investments

Brazilian investment firm Upload Ventures is reportedly upping its artificial intelligence (AI) investments while avoiding credit FinTechs. That’s according to a Bloomberg News interview Wednesday...

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The Week in AI: ‘Safe’ Superintelligence, Research Hurdles and Digital ID Badges
The Week in AI: ‘Safe’ Superintelligence, Research Hurdles and Digital ID Badges
September 06, 2024  |  artificial intelligence

In a whirlwind week for AI, OpenAI co-founder Ilya Sutskever’s new venture secured $1 billion for ‘safe’ superintelligence, while AI-driven drug discovery hit roadblocks in...

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Sedric Raises $18.5 Million for AI-Powered Compliance Platform for Financial Institutions
Sedric Raises $18.5 Million for AI-Powered Compliance Platform for Financial Institutions
September 05, 2024  |  Investments

Sedric AI has raised $18.5 million in a Series A funding round to continue developing and promoting its artificial intelligence (AI)-powered compliance platform for financial...

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Report: OpenAI’s Building of AI Infrastructure to Begin in US
Report: OpenAI’s Building of AI Infrastructure to Begin in US
September 04, 2024  |  artificial intelligence

OpenAI reportedly plans to bring together global investors to spend tens of billions of dollars on artificial intelligence (AI) infrastructure in the United States. The...

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