AI Investment

Joelle Pineau, the Vice President of AI research at Meta Platforms Inc. (NASDAQ:META), has decided to step down and leave the company in May. What Happened: Pineau announced her departure via a Facebook post on Tuesday. She has been with Meta since May 2017, overseeing the company’...

The United States is reportedly on the verge of implementing new restrictions on American investments in China’s artificial intelligence sector. This development comes as part of an effort to curb the potential enhancement of China’s military capabilities through U.S. expertise. What...

In the face of U.S. sanctions, Chinese tech giants have doubled their capital expenditure in 2024, with a heavy focus on artificial intelligence (AI) infrastructure. What Happened: Alibaba (NYSE:BABA), Tencent (OTC:TCEHY), and Baidu (NASDAQ:BIDU) together invested 50 billion Chinese yuan ($7...

In an unusual public acknowledgment, Taiwan’s President, Lai Ching-te, has expressed his appreciation to Micron’s CEO, Sanjay Mehrotra, for his sustained investment and trust in Taiwan. What Happened: This public recognition is a rare event, considering Taiwan is home to the world...

In a recent development, Index Ventures has successfully amassed over $2 billion, to leverage the latest breakthroughs in artificial intelligence (AI). What Happened: Known for its early-stage investments in companies such as Mistral, Discord, and Figma, Index Ventures is bullish about AI’s...

Japanese multinational conglomerate SoftBank Group Corp. (OTC:SFTBY) has announced its intention to issue bonds worth approximately $1.86 billion. The proceeds will be directed towards the repayment of existing debt and a strategic shift towards artificial intelligence (AI) investments. What...

In a recent announcement, SoftBank Group Corp. (OTC:SFTBY) founder, Masayoshi Son, revealed his intent to make a significant investment in artificial intelligence (AI). What Happened: Son’s announcement suggests that SoftBank is on the verge of a substantial AI investment. While acknowledging...

In a significant shift of focus, SoftBank Group has announced the sale of almost its entire stake in Alibaba Group Holding (NASDAQ:BABA) (OTC:BABAF). The move is part of the Japanese conglomerate’s pivot towards artificial intelligence (AI) investments. What Happened: SoftBank’s...

President Joe Biden and Microsoft Corp. (NASDAQ:MSFT) President Brad Smith are set to announce a significant $3.3 billion investment in Wisconsin, a move that contrasts with former President Donald Trump‘s failed tech project in the same state. What Happened: The announcement will take place...

Microsoft Corporation (NASDAQ:MSFT) has committed to a $1.7 billion investment in Indonesia’s cloud services and artificial intelligence (AI) over the next four years. What Happened: Microsoft CEO Satya Nadella announced the investment during his visit to Jakarta, Reuters reported on Tuesday...

The co-founder of Google DeepMind, Sir Demis Hassabis, has voiced concerns that the surge in funding for artificial intelligence (AI) is leading to exaggerated hype, overshadowing the actual scientific progress in the sector. What Happened: Hassabis shared his worries that the billions being poured...

In a recent development, Yasir Al-Rumayyan, the head of Saudi Arabia’s Public Investment Fund (PIF), is positioning Mohammed bin Salman‘s kingdom as a potential hub for artificial intelligence (AI) activities outside the U.S. What Happened: Al-Rumayyan made this announcement at an...

TD Cowen has expressed increased optimism for the prospects of major cloud computing vendors including Amazon Inc (NASDAQ:AMZN), Microsoft Corporation (NASDAQ:MSFT), and Google-parent Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG), driven by the potential of generative artificial intelligence (AI)...