AI Investment

AI Startups Find Financing Pipeline in Middle Eastern Sovereign Wealth Funds 
AI Startups Find Financing Pipeline in Middle Eastern Sovereign Wealth Funds 
September 22, 2024  |  artificial intelligence

Sovereign wealth funds have reportedly become major players in the artificial intelligence (AI) funding race. Countries such as Saudi Arabia, Kuwait and the United Arab...

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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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Investment Group Iconiq Seeks Value After 3-Year IPO Drought
Investment Group Iconiq Seeks Value After 3-Year IPO Drought
September 08, 2024  |  Investments

Investment group Iconiq is reportedly seeking ways to drive value amid a long IPO drought. That’s according to a report Sunday (Sept. 8) by the...

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UK’s Government’s AI Strategy Faces ‘Serious Scaling Back’
UK’s Government’s AI Strategy Faces ‘Serious Scaling Back’
August 29, 2024  |  artificial intelligence

The U.K.’s new Labour government is reportedly rethinking its approach to artificial intelligence (AI). As Reuters reported Thursday (Aug. 29), the government is developing a...

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SoftBank Plans to Commit $9 Billion to AI Projects
SoftBank Plans to Commit $9 Billion to AI Projects
May 26, 2024  |  artificial intelligence

Japan’s SoftBank is reportedly planning to invest nearly $9 billion in artificial intelligence (AI). The tech company’s outlay for investments and commitments has more than doubled...

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Report: AI Will Take Up 10% of Big Tech IT Budgets
Report: AI Will Take Up 10% of Big Tech IT Budgets
May 12, 2024  |  artificial intelligence

Artificial intelligence (AI) projects are set to comprise up to 10% of companies’ IT budgets. That’s according to a report Sunday (May 12) by Seeking...

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Analysis: Microsoft’s $1.7 Billion Bet on Indonesia’s Digital Future Shows Global AI Investment Surge
Analysis: Microsoft’s $1.7 Billion Bet on Indonesia’s Digital Future Shows Global AI Investment Surge
April 30, 2024  |  artificial intelligence

In a move that underscores the growing global interest in artificial intelligence (AI), Microsoft has announced an investment of $1.7 billion over the next four years...

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Report: US Looks to Forge AI Partnerships With UAE
Report: US Looks to Forge AI Partnerships With UAE
April 21, 2024  |  artificial intelligence

The White House reportedly wants U.S. artificial intelligence (AI) companies to form partnerships in the United Arab Emirates (UAE). By launching operations in the UAE,...

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Microsoft Bing Head to Step Down Amid AI Push
Microsoft Bing Head to Step Down Amid AI Push
March 26, 2024  |  Personnel

The head of Microsoft’s Bing search engine and ad business is reportedly leaving that role. Mikhail Parakhin’s departure — the subject of a Monday (March...

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