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Big Tech companies are pouring billions into artificial intelligence, highlighting the growing need for robust data centers and advanced infrastructure to support AI-driven innovations and cloud services. Last week, Microsoft announced plans to invest about $80 billion in fiscal 2025 to develop data centers for training AI models and deploying AI and cloud-based applications...
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On Tuesday, Amazon Web Services (AWS), Amazon's cloud computing division, said that it plans to invest "at least" $11 billion in Georgia to expand its infrastructure to support various cloud computing and AI technologies. AWS estimates that its investment will create roughly 550 jobs in the state. "AWS is proud to expand our operations in Georgia to help drive the next generation of cutting-edge technologies such as AI," the company wrote in a press release. "We're grateful for the state and loc...
Continue ReadingMany market participants believe Tesla is overextended. They blame it on the elections and Elon Musk’s political activities. But few realize that from the middle of April to just before the elections, the stock had already run up 75%! The Tesla rally didn’t start after Trump’s victory, it had begun 6 months earlier. The stock […]...
Continue ReadingThe Department of Justice’s proposed antitrust remedy would hurt the economy in the name of competition, Jay Ezrielev writes in a guest commentary...
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BofA Securities analyst John Murphy downgraded shares of electric-vehicle maker Tesla to Hold, but his new target price implies about 17% upside...
Continue ReadingSam Altman’s weekend blog post has caused quite a stir among AI enthusiasts. He posted that OpenAI is now confident it knows how to develop Artificial General Intelligence (AGI). For those who don’t know, AGI refers to an AI system that has achieved human-like intelligence. This definition is a point of contention, as we will […]...
Continue ReadingTesla stock slipped on Tuesday after Bank of America said it sees shares fairly priced, with some risk to the downside...
Continue Reading(Bloomberg) -- OpenAI rival Anthropic is in advanced talks to raise $2 billion in a funding round that would value the startup at $60 billion, according to two people familiar with the matter. Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Don’t Shrink the BusCan States Hit the Brakes on Runaway Roadbuilding?Lightspeed Venture Partners is leading the...
Continue ReadingAnthropic, the Amazon -backed artificial-intelligence start-up, is in talks to raise $2 billion in a deal that would value it at $60 billion, according to people familiar with the matter. Venture-capital firm Lightspeed Venture Partners is leading the funding round, the Wall Street Journal first reported, noting that the $60 billion valuation includes the money Anthropic plans to raise in the round. Anthropic was founded in 2021 by Dario and Daniela Amodei...
Continue ReadingUber Technologies Inc (NYSE:UBER) and Lyft Inc (NASDAQ:LYFT) have bounced back on their robotaxi ambitions, albeit with a twist. The ride-hailing giants restructured their businesses to accommodate competitors who have cracked the code, the Wall Street Journal reports. Under their new strategy, Uber and Lyft will gain a percentage of driverless taxi bookings while taking charge of maintaining the fleet. Also Read: Trump Administration to Challenge Social Media Censorship, Setting Stage for Confl...
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