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Google Leads AI Race as Share Price Hits Record High After Tech Breakthroughs
Google's recent surge in artificial intelligence and quantum computing innovations has propelled its stock to unprecedented heights whilst silencing critics who questioned its competitive edge in the AI sector.
The tech giant's December…
Silicon Valley Tech Giants Unite to Challenge Traditional Defence Contract Hierarchy
Two of America's leading defence technology companies, Palantir and Anduril, are orchestrating a groundbreaking consortium with prominent tech organisations to compete for lucrative US government contracts, challenging the long-standing…
Venture Capital Industry Experiences Dramatic Shift as AI Investments Soar
The venture capital landscape is witnessing a remarkable transformation, with artificial intelligence investments taking centre stage amidst broader market uncertainties. This dichotomy was highlighted by Databricks' recent £10 billion…
Databricks Secures Record Breaking £10bn Investment as AI Talent War Intensifies
In a landmark deal that underscores the intensifying battle for artificial intelligence dominance, Databricks has secured £10bn in venture capital funding, marking the largest US venture deal of 2023. The data analytics and AI company's…
Blue Whale Fund Dumps Tech Giants Over Artificial Intelligence Spending Concerns
The investment fund Blue Whale Growth, supported by billionaire Peter Hargreaves, has significantly reduced its holdings in the 'Magnificent Seven' US technology companies due to mounting concerns about their substantial artificial…
Elon Musks xAI Supercomputer Set for Massive Expansion in Bold 1 Million GPU Push
In a landmark development for artificial intelligence infrastructure, Elon Musk's xAI has announced plans to expand its Colossus supercomputer facility tenfold, incorporating more than one million graphics processing units (GPUs). The…
OpenAI Explores Advertising Revenue Streams for ChatGPT as Company Shifts to Profit Model
OpenAI, the creator of ChatGPT, is contemplating the introduction of advertising across its artificial intelligence products as the company navigates its transition towards a profit-driven business model.
Sarah Friar, OpenAI's chief…
European AI Champion Mistral Expands Silicon Valley Presence in Global Talent Hunt
Paris-based artificial intelligence powerhouse Mistral is intensifying its presence in Silicon Valley, marking a strategic shift in its quest to compete with American tech giants for top-tier AI talent. The European firm, valued at €6…
Apple Faces Regulatory Maze for AI Integration in Chinese Market
Apple's ambitious plans to implement artificial intelligence features on iPhones in China have encountered significant regulatory hurdles, with Beijing officials signalling a complex approval process ahead for foreign companies operating…
Nvidia Shares Falter Despite Staggering AI Driven Profit Growth
The world's most valuable chipmaker, Nvidia, has reported spectacular quarterly results, with sales soaring 94% year-on-year to $35.1 billion, surpassing market expectations of $33.2 billion. The company's net profit demonstrated remarkable…
US Justice Department Seeks Major Breakup of Google Search Empire
The US Department of Justice is poised to demand significant divestitures from Google, including potential separation of its Chrome browser or Android mobile operating system, in a landmark effort to curtail the tech giant's dominance in…
Nvidias Revenue Soars as Global AI Chip Demand Continues to Surge
The world's most valuable company, Nvidia, has demonstrated remarkable financial performance with revenue nearly doubling in its latest quarterly report, driven by unprecedented demand for artificial intelligence infrastructure.
The tech…
Meta Hit With Massive EU Fine Over Facebook Marketplace Competition Breach
The European Commission has slapped Meta Platforms with a €797.72 million (£663 million) fine for what it deems "abusive practices" concerning its Facebook Marketplace service. The regulatory body asserts that Meta violated competition…
Apple Takes Bold Stance on AI Smart Home Innovation With New Hub Plans
Apple is positioning itself for a significant push into the artificial intelligence-driven smart home market, with plans to launch a new wall-mounted hub device in 2025. The technology giant's strategic move signals its renewed commitment…
US Federal Trade Commission to Launch Microsoft Cloud Computing Investigation
The Federal Trade Commission (FTC) is poised to initiate an investigation into Microsoft's cloud computing practices, examining potential anti-competitive behaviour in a move that signals continued regulatory pressure on Big Tech during the…
Apple Faces £3 Billion Pound Legal Battle Over iCloud Storage Monopoly Claims in Britain
Apple, the tech giant, is confronting a substantial £3 billion lawsuit in the United Kingdom amid allegations of competition law breaches concerning its iCloud storage service. Consumer advocacy group Which? has initiated legal proceedings,…
Apple Signals Future Products May Not Match iPhone Profit Success
In a significant shift in corporate messaging, Apple has cautioned its investors that upcoming products might struggle to achieve the remarkable profit margins established by its flagship iPhone business. The warning comes as the tech giant…
Amazon Cloud Business Soars as AI Demand Fuels Record Investment and Growth
Amazon's quarterly revenues have witnessed a remarkable surge, driven by what CEO Andy Jassy describes as a "once in a lifetime opportunity" in generative artificial intelligence, coupled with robust advertising demand. The tech giant's…