AI Investment

Banks and Private Finance Seek Slices of $1 Trillion AI Pie
Banks and Private Finance Seek Slices of $1 Trillion AI Pie
November 18, 2024  |  Artificial Intelligence

Big banks and private finance groups are both chasing the artificial intelligence (AI) craze. But for at least one of those Wall Street banking giants...

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Tech Investor Niel: EU Risks Being ‘Abandoned’ in AI Race
Tech Investor Niel: EU Risks Being ‘Abandoned’ in AI Race
November 17, 2024  |  Artificial Intelligence

Can Europe create leading artificial intelligence (AI) firms without spending as much as companies in America? Telecom billionaire Xavier Niel thinks it’s possible, provided that...

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78% of CFOs Plan to Increase GenAI Investments Despite Limited ROI
78% of CFOs Plan to Increase GenAI Investments Despite Limited ROI
November 15, 2024  |  Artificial Intelligence

Generative artificial intelligence (GenAI) has become an important tool for CFOs, who view the technology as critical to their organization’s strategic and operational planning. According...

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Nvidia Reportedly Weighing Investment in Musk’s xAI
Nvidia Reportedly Weighing Investment in Musk’s xAI
November 03, 2024  |  Artificial Intelligence

Nvidia is in discussions to invest in Elon Musk’s artificial intelligence (AI) startup, according to published reports. Musk’s AI firm xAI is hoping to raise...

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OpenAI Forecast Suggests Five Years Until Profit
OpenAI Forecast Suggests Five Years Until Profit
October 10, 2024  |  Artificial Intelligence

OpenAI is reportedly not anticipating to reap yearly profits for another five years. That’s according to a report Wednesday (Oct. 9) by The Information, citing...

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OpenAI Liquidity Reaches $10 Billion With New Credit Facility
OpenAI Liquidity Reaches $10 Billion With New Credit Facility
October 03, 2024  |  Artificial Intelligence

The world’s biggest companies can’t seem to stop giving OpenAI money. One day after securing $6.6 billion in new funding from an array of tech...

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Microsoft to Invest $4.8 Billion in Italy for AI Infrastructure
Microsoft to Invest $4.8 Billion in Italy for AI Infrastructure
October 02, 2024  |  Artificial Intelligence

Microsoft announced Wednesday (Oct. 2) plans for a €4.3 billion ($4.8 billion) investment in Italy, its biggest investment in the country so far. The initiative...

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OpenAI Market Cap Rivals Uber, AT&T After $6.6 Billion Fundraise
OpenAI Market Cap Rivals Uber, AT&T After $6.6 Billion Fundraise
October 02, 2024  |  Artificial Intelligence

OpenAI has reportedly raised $6.6 billion in new funding, nearly doubling its valuation. The artificial intelligence (AI) startup is now valued at $157 billion, The...

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AI Startups Find Financing Pipeline in Middle Eastern Sovereign Wealth Funds 
AI Startups Find Financing Pipeline in Middle Eastern Sovereign Wealth Funds 
September 22, 2024  |  Artificial Intelligence

Sovereign wealth funds have reportedly become major players in the artificial intelligence (AI) funding race. Countries such as Saudi Arabia, Kuwait and the United Arab...

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