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AI Summit: EU, France to Invest $320 Billion in AI to Rival US, China

AI Summit: EU, France to Invest $320 Billion in AI to Rival US, China
AI Summit: EU, France to Invest $320 Billion in AI to Rival US, China
February 11, 2025  |  Artificial Intelligence

This week’s AI Action Summit in Paris — the artificial intelligence (AI) community’s equivalent of Davos — saw the Europeans act decidedly un-European. The annual...

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AI Agents’ Rise Promises IT Revolution, But Readiness Questions Remain
AI Agents’ Rise Promises IT Revolution, But Readiness Questions Remain
February 11, 2025  |  Artificial Intelligence

The race to deploy artificial intelligence (AI) engineering agents that can rival — and even replace — human software engineers is accelerating. Last week, OpenAI...

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IBM CEO Arvind Krishna: AI Adoption Will ‘Explode’ As Costs Drop
IBM CEO Arvind Krishna: AI Adoption Will ‘Explode’ As Costs Drop
February 11, 2025  |  Artificial Intelligence

IBM CEO Arvind Krishna reportedly said Tuesday (Feb. 11) that the lower costs said to have been achieved by DeepSeek will help boost demand for artificial intelligence (AI)....

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Tines’ AI-Powered Automation Offering Valued at $1.1 Billion After $125 Million Fundraise
Tines’ AI-Powered Automation Offering Valued at $1.1 Billion After $125 Million Fundraise
February 11, 2025  |  Investments

Tines Security Service reportedly reached a $1.13 valuation after raising $125 million. The company will use the funding — from a round led by Goldman...

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Apple Reportedly Links With Alibaba for Chinese AI Rollout
Apple Reportedly Links With Alibaba for Chinese AI Rollout
February 11, 2025  |  Artificial Intelligence

Apple reportedly found a partner to help it bring its artificial intelligence features to devices in China. The iPhone maker is working with Chinese tech...

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Sardine Raises $70 Million to Expand AI Risk Platform
Sardine Raises $70 Million to Expand AI Risk Platform
February 11, 2025  |  Investments

Sardine raised $70 million in a Series C funding round to expand its artificial intelligence risk platform for fraud, compliance and credit underwriting. “This funding...

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Elon Musk-Led Investor Group Submits Bid to Buy OpenAI Nonprofit
Elon Musk-Led Investor Group Submits Bid to Buy OpenAI Nonprofit
February 10, 2025  |  Artificial Intelligence

A group of investors led by Elon Musk reportedly submitted a bid to OpenAI’s board of directors Monday (Feb. 10) to buy the nonprofit that...

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Meta Workforce Reductions Expected to Continue Through February
Meta Workforce Reductions Expected to Continue Through February
February 10, 2025  |  Facebook / Meta

Meta began notifying employees affected by its previously announced job cuts on Monday (Feb. 10). The company’s emails notifying those who were being let go...

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