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Artificial intelligence
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…
North American Power Grid Under Severe Strain as AI Demand Surges
The stability of North America's electrical infrastructure faces unprecedented challenges as artificial intelligence and data centres drive power consumption to historic levels, according to a stark warning from the industry watchdog NERC.…
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…
AstraZeneca Board Welcomes Arm Holdings CEO in Strategic Technology Push
In a significant move strengthening its technological capabilities, AstraZeneca has appointed Arm Holdings Chief Executive Rene Haas to its board as a non-executive director, effective from next month. The appointment comes as Britain's…
How Google Turned Jaguar Cars Into Self Driving Taxis While GM Surrendered The Race
The streets of San Francisco have become a testing ground for the future of autonomous transport, with Waymo's driverless Jaguar I-Pace vehicles now a common sight across the city's challenging terrain. The Google parent company Alphabet's…
AI Revolution Transforms Drug Discovery and Big Pharmas Bottom Line
Artificial intelligence is revolutionising pharmaceutical research, offering groundbreaking opportunities for drug discovery whilst potentially saving billions in development costs. Leading pharmaceutical giants GSK and AstraZeneca are at…
Chinas Ponyai Targets Massive Robotaxi Fleet Expansion in 2025 as Costs Set to Plummet
Chinese robotaxi pioneer Pony.ai has unveiled ambitious plans to quadruple its autonomous vehicle fleet by 2025, whilst forecasting significant cost reductions and expanded operational zones across China's premier cities.
The…
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…
US Media Giants Challenge UK Government Over AI Content Rules
Major American media conglomerates have issued a stark warning to the UK government regarding potential changes to copyright regulations that would permit artificial intelligence companies to freely utilise their content.
The Copyright…
Google DeepMind Achieves Revolutionary Breakthrough in Weather Forecasting Technology
In a groundbreaking development, Google DeepMind has revealed its latest artificial intelligence weather prediction model, GenCast, which has demonstrated superior performance over traditional forecasting methods for predictions extending…
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…
UK Cyber Defence Capabilities Face Critical Shortfall as Threats Multiply
The United Kingdom's cyber defence capabilities are struggling to keep pace with escalating threats, as artificial intelligence and widely accessible technologies fuel an unprecedented surge in attacks, according to alarming new findings…
Vanguard Sounds Alarm on AI Stock Rally Correction Risk Looms
The recent surge in artificial intelligence stocks has potentially overestimated the technology's immediate impact, leading to heightened risks of a market correction, according to investment giant Vanguard.
Joe Davis, chief economist at…
AI Licensing Deals Could Save Quality Journalism Says Reuters Boss Hasker
Thomson Reuters' chief executive Steve Hasker has emphasised the critical role of AI licensing agreements in safeguarding quality journalism, whilst cautioning media organisations to remain vigilent about their intellectual property rights.…
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…
Intel CEO Pat Gelsinger Steps Down as Share Price Tumbles and AI Race Intensifies
Intel's chief executive Pat Gelsinger has unexpectedly resigned from his position, concluding a turbulent four-year tenure marked by the company's struggle to maintain its competitive edge in the semiconductor industry.
The Silicon…
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…