AI

Meta's substantial investments in artificial intelligence are demonstrating "strong momentum" according to Mark Zuckerberg, as the tech giant's quarterly revenue and earnings exceeded Wall Street's predictions. The company's chief executive…

Microsoft's shares declined 3.8% in after-hours trading despite reporting substantial quarterly gains, as warnings about slowing growth and escalating artificial intelligence costs dampened investor enthusiasm. The technology giant's…

Elon Musk's artificial intelligence venture, xAI, has initiated discussions with potential investors for a substantial funding round that could value the company at approximately £40 billion. The talks, whilst in their preliminary stages,…

Alphabet, Google's parent company, has surpassed Wall Street's profit and revenue projections as artificial intelligence technology continues to fuel substantial growth across its core businesses. The tech giant reported a remarkable 33.6…

Alphabet Inc, the parent company of Google, has announced a striking 34 per cent rise in profit for the third quarter. This growth is largely attributed to the expansion of their cloud services, which are in high demand for computing and…

The UK government faces calls to streamline its visa process for experts in artificial intelligence, aiming to bolster the nation's burgeoning tech sector. A report commissioned by the government and authored by venture capitalist Matt…

Owner of TikTok sacked intern for allegedly sabotaging a project on artificial intelligence. ByteDance stated that the person was dismissed in August for "maliciously interfering" with the training artificial intelligence models (AI)…

AMD's CEO believes that the chipmaker has closed the performance gap between Nvidia and its market-leading artificial Intelligence processors. The company unveiled new products aimed at a market valued at hundreds of billions. The…

OpenAI has adopted a corporate structure that is still largely untested to protect itself from hostile takeovers, and chief executive Sam Altman against outside interference. The AI start-up that received $6.6bn of new funding last week…

Meta (the owner of Facebook and Instagram) announced on Friday that it had developed a new artificial-intelligence model called Movie Gen, which can create realistic audio and video clips in response user prompts. It claimed it could rival…

OpenAI raised $6.6 billion as part of a fundraising round, which values ChatGPT at $157 billion. This shows the level of investor confidence in artificial intelligence technology. San Francisco-based company said that the investment…

OpenAI believes that AI-powered assistants, such as those from Google and Apple, will "hit mainstream" next year, as technology groups race to bring AI agents to consumers. AI agents that can complete complex tasks and reason for humans…

SoftBank, owned by Masayoshi Son, will invest $500mn in OpenAI. The investment is part of an upcoming fundraising round which should close this week. SoftBank is investing via its second Vision Fund. This large vehicle to support start-ups…

OpenAI's chief executive is on track to join the ranks of Big Tech Billionaires if the company adopts a "for profit" model. Sam Altman, 39 years old, may be given a 7 percent stake in ChatGPT. The American startup was founded in 2015 as a…

OpenAI's Chief Technology Officer, Mira Murati is among several employees who are leaving the company. This has triggered a leadership shakeup in the AI startup as it considers a change to its corporate structure. Murati shared a message…

Intel has cancelled plans to build a €30bn microchip plant in Germany, a blow for Europe's technological plans. The US chipmaking company said that it would postpone construction of a site in Magdeburg for around two years and also a…

The Chase Center in San Francisco, a 18,000-seat arena for sports and entertainment, was filled with a frisson of intrigue and fear. Mark Zuckerberg, third richest man in the world, was seated on a stage wearing a loose shirt with a mop…

Renting cloud services using Nvidia’s artificial intelligence chip is cheaper in China than it is in the US. This shows that the advanced processors can easily reach the Chinese market, despite Washington’s export restrictions. Companies…