A big change is happening in the world of artificial intelligence. Scale AI, a company that helps train AI models, just got a huge investment from Meta. This deal values Scale AI at a whopping $29 billion. But there's more to the story than just money. Meta is putting in about $14. 3 billion to get a nearly half stake in Scale AI. This means Meta will have a big say...
Apple's AI journey has been bumpy, to say the least. The tech giant is now focused on revamping its AI assistant, Siri. This effort is part of a broader strategy to catch up in the AI race. The company's initial approach to AI was cautious, to put it mildly. Top brass were hesitant to invest heavily in AI, as they prefer clear, defined goals. This reluctance slowed d...
Hyundai is making a huge move in the United States. The South Korean company is planning to invest a massive 21 billion dollars in the US. This is a big deal, and it's not just about building cars. Hyundai is looking to create jobs, boost production, and dive into some cutting-edge technology. First off, let's talk jobs. Hyundai is planning to create 14, 000 full-t...
A major South Korean automaker is set to reveal a substantial financial commitment to the United States. This move is part of a broader trend of foreign companies investing heavily in American manufacturing. The focus is on creating jobs and boosting the economy. The announcement will take place at the White House, involving key figures from both the government and t...
Alphabet, the big boss behind Google, had some disappointing news recently. The company's stock took a hit after it didn't meet the money expectations for the last three months of 2024. Even though they made a lot of money, investors were hoping for more. The tech giant brought in $96. 5 billion for the quarter, which is a 12% jump from the same time last ye...
Microsoft, a tech giant, released its earnings report which showed some good, but also some not-so-good news and has shaken analysts' faith in the company's aggressive expansion in artificial intelligence. It hit above-expectations with the total revenue for the quarter going up 12%. The company fell short in one major area: Azure, its cloud platform. The revenue gro...
Meta, the company behind Facebook, is set to spend a staggering $60 billion to $65 billion this year on building AI infrastructure. That's a lot of money! CEO Mark Zuckerberg thinks 2023 will be a big year for AI, and he's putting his company's cash where his mouth is. This investment will include building a massive data center that could cover a large part of Manha...
Stocks are soaring, with the S&P 500 reaching its highest point ever. This uptick follows a drop in the 10-year Treasury yield, which has been fueling the market's growth. However, on Wednesday, the yield slightly increased, going back up to 4. 6%. The dollar also hit a two-week low, causing some friction for multinational companies. Johnson & Johnson, for instance, ...
President Donald Trump is set to announce a massive investment in artificial intelligence (AI), worth up to $500 billion. This project, called Stargate, is a partnership between tech giants OpenAI, Oracle, and SoftBank. The goal? To build the infrastructure needed for AI development, starting in Texas. Masayoshi Son from SoftBank, Sam Altman from OpenAI, and Larry E...
The U. K. is making a big shift in its stance on AI. Instead of focusing on the potential harms, it's now betting big on the technology. The government has launched a new plan to speed up public services and create jobs using AI. They're calling it a "decade of national renewal. " This includes setting up special zones for AI growth and building new data centers and ...