Meta’s $35 Billion Bet on AI Fuels the Tech Arms Race
Meta announced a $35 billion investment in artificial intelligence (AI) for this year, signaling an aggressive push in the escalating tech arms race.
This colossal investment raises pivotal questions ...
Big Tech CEOs say AI development is a marathon, not a sprint
Major tech companies are in a heated race to develop artificial intelligence (AI). This translates to vast sums of money being poured into research, development, and infrastructure. While the potentia...
Elon Musk’s xAI Close to Raising $6 Billion
Elon Musk’s artificial intelligence (AI) startup xAI is reportedly close to raising $6 billion from investors.
The funding round would value xAI at $18 billion, Bloomberg reported Friday (April 26)....
UK competition watchdog scrutinizes AI deals of tech titans
The United Kingdom’s Competition and Markets Authority (CMA) has set its sights on recent maneuvers by tech giants Microsoft and Amazon in the AI arena.
The regulatory body announced its intention t...