Microsoft plans to invest nearly $80 billion in fiscal year 2025 to expand its data centers to train artificial intelligence (AI) models and deploy AI and cloud-based applications, the company announced in a blog post on Friday. The increase in AI investments follows OpenAI’s launch of ChatGPT in 2022, which spurred demand for integrating AI … Read more
The new year may bring pivotal developments in a series of copyright lawsuits, which could shape the future of AI business. Lawsuits from authors, media outlets, visual artists, musicians and other copyright holders accuse OpenAI, Anthropic, Meta Platforms and other technology companies of using their work to train chatbots and other AI-based content generators without … Read more
Elon Musk’s company, xAI, raised $6 billion in its latest funding round, bringing the total amount raised to $12 billion. The financing, which was disclosed in a US Securities and Exchange Commission filing, included 97 investors, including Andreessen Horowitz, BlackRock, Fidelity, Nvidia, AMD and Sequoia Capital, although individual contributions were not detailed. Reports indicate that … Read more