Saudi Arabia’s new state-backed AI company plans to launch a $10 billion venture capital fund and seek investments from top U.S. tech companies as it...
One of OpenAI’s future data centers has reportedly secured $11.6 billion in funding commitments. The center, set to become the ChatGPT maker’s largest, is being...
From Tesla’s CEO shifting focus amid earnings headwinds to Google’s artificial intelligence (AI) advancements and a glimpse into digital immortality, here are the top stories...
AWS and Microsoft are pausing or slowing down the development of data centers, according to a Wells Fargo research note shared with PYMNTS. Several industry...
Elon Musk’s xAI and chipmaker Nvidia have joined a $30 billion artificial intelligence (AI) infrastructure project. The AI Infrastructure Fund, backed by BlackRock, Microsoft and...
Meta is reportedly in talks to raise $35 billion to help finance the development of data centers in the U.S. The talks are at an early stage...
Microsoft reportedly still plans to earmark $80 billion for capital expenditures, despite reports suggesting otherwise. As CNBC reported Monday (Feb. 24), the tech giant says its spending plan...
Global IT spending is expected to increase by 9% in 2025, driven by AI and cloud expenditures, according to a report from S&P Global Ratings....
From its genesis as a small nonprofit startup in Silicon Valley in 2015, OpenAI has transformed itself into the top artificial intelligence (AI) company today,...