Elon Musk’s xAI Raises $6 Billion Funding Amid Aggressive Expansion
Elon Musk’s artificial intelligence company, xAI, has raised $6 billion in its latest equity financing round, as it aggressively expands in…| Tech | Business | Economy
The new funding comes after Microsoft’s $1.5 billion equity investment in G42, Abu Dhabi’s sovereign AI company, last year, a deal that also gave the U.S. firm a board seat. The post Microsoft Commits $15.2 Billion to Strengthen AI, Cloud Infrastructure in the UAE appeared first on Tech | Business | Economy.| Tech | Business | Economy
The deal, announced Monday, gives OpenAI access to hundreds of thousands of Nvidia GPUs hosted on Amazon’s cloud and is a realignment in the power dynamics of the global tech industry. The post OpenAI Signs $38 Billion Cloud Deal with Amazon to Expand Global Computing Power appeared first on Tech | Business | Economy.| Tech | Business | Economy
The issue, linked to a configuration error, briefly crippled global access before recovery efforts restored stability. The post Microsoft Azure Outage Disrupts Global Platforms, Mars Earnings Release as Website Struggles to Load appeared first on Tech | Business | Economy.| Tech | Business | Economy
Meta’s push into artificial intelligence is accelerating — but investors aren’t all smiles. The post Meta’s $70 Billion AI Spending Plan Rattles Investors as Profit Takes $16 Billion Hit appeared first on Tech | Business | Economy.| Tech | Business | Economy
Elon Musk’s artificial intelligence company, xAI, has raised $6 billion in its latest equity financing round, as it aggressively expands in…| Tech | Business | Economy
Jobs at the lower end of the AI value chain, such as data annotation, are often outsourced to Africa but come with low pay and little…| Tech | Business | Economy
