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AI RACE
India’s AI app race heats up as Claude surges and Gemini closes in on ChatGPTClaude's downloads and spending in India surged significantly in the June quarter. ChatGPT continues to dominate consumer spending on AI ap...- US to tell partners they must pick sides in AI race with ChinaThe US is preparing to ask countries to choose between its Pax Silica AI framework and China’s competing initiative, Reuters reported. Wash...
- AI race is pushing companies deeper into college campusesCompanies are strengthening campus partnerships to develop essential future workforce skills. These collaborations focus on AI, machine lea...
- Jefferies’ Chris Wood spots a hidden risk in Big Tech’s $165 billion AI capex raceBig Tech’s AI capex surge is putting pressure on free cash flow, with Microsoft, Amazon, Alphabet and Meta spending $165 bn in Q2 against j...
- Zhipu’s new AI model takes aim at OpenAI, Anthropic in China’s race to close the gapChinese AI firm Z.ai has launched its new GLM-5.3 model. This release intensifies competition with OpenAI and Anthropic. The model offers i...
- AMD looks to raise $4 billion to $5 billion in debt offering, source saysAdvanced Micro Devices is looking to raise between $4 billion and $5 billion in a debt offering, a source familiar with the matter said...
- Inside the Google executive moves that led to its big AI reshuffleOn August 5, the Mountain View, California, tech giant announced a sweeping leadership overhaul of its Google DeepMind AI division in which...
- Accel raises $3.5 billion to invest in emerging global AI startupsThe firm, which has backed artificial intelligence companies including Anthropic, Cursor and Perplexity, has raised four separate funds ded...
- AI agents are getting smarter. But can they actually get work done?The AI race is moving beyond chatbots towards agents that can access data, use software and complete tasks. But smarter models alone may no...
- Nvidia partners with Wall Street giants to raise $500 billion for AI buildoutNvidia signed memorandums of understanding with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR for the financing platfor...
- Oracle, Quantinuum partner to bring quantum computing to cloudUnder the deal, Oracle Cloud Infrastructure customers will gain access to Quantinuum's Helios quantum computer through OCI's quantum servic...
- Nvidia partners with Wall Street giants to raise $500 billion for AI buildoutThe move highlights how surging demand for AI computing capacity is drawing institutional investors, as governments, companies and startups...
- OpenAI buys back $7 billion of employee shares in tender offerThe ChatGPT maker bought back shares from current and former employees rather than tapping outside investors for the tender offer. The deal...
- Nvidia partners with Wall Street giants to raise $500 billion for AI buildoutIn an ambitious collaboration, Nvidia is joining forces with six prominent financial institutions to establish compute financing platforms ...
- Amazon’s Texas AI data center faces a huge climate problem: 7.65GW gas plant could become America’s biggest source of CO₂ emissions in the US as tech giant races to power the AI boomAmazon’s massive Texas AI data center is drawing environmental scrutiny after plans for a 7.65GW natural gas power plant revealed it could ...
- ETtech Explainer: Meta's stop-start strategy for its open source AI modelsGlimmer, a 30-billion-parameter model, is much smaller than leading AI models from rivals and is designed for agentic tasks. It can run on ...
- Samsung says regional AI restrictions won’t leave Galaxy users dependent on one modelSamsung is gearing up for potential shifts in AI model access across the globe. By employing a multi-model strategy and fostering regional ...
- Meta launches new AI model as Zuckerberg champions open-weight pushThe new model, Muse Glimmer, is much smaller than leading AI models from rivals and is instead designed for agentic tasks and can run on a ...
- ChatGPT owner OpenAI is launching a doughnut-shaped speaker, similar to Amazon's Alexa and Google's Nest, that will work on your command: What is it?OpenAI plans a unique doughnut-shaped smart speaker for a 2027 release. This AI-first device will feature moving parts and advanced humanli...
- Scientists use AI to create viruses that don’t exist in nature for the first timeScientists have designed and created new viruses using artificial intelligence. These AI-designed bacteriophages successfully replicated an...
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