Homechevron_rightArchiveschevron_rightBusiness and Economy

Archives

Explore Stories by Date

24 Oct 2024

Nvidia Launches Hindi AI Model in India, Boosting Localization Efforts

Nvidia introduces Nemotron-4-Mini-Hindi-4B, a lightweight Hindi-language AI model, during CEO Jensen Huang's visit to India. This move aims to tap into India's growing AI market and support localized AI development.

9 Sources

Tesla's Q3 2024 Earnings Call: Record Deliveries, AI Advancements, and Future Growth Plans

Tesla reports record Q3 deliveries, showcases AI and autonomous driving progress, and outlines ambitious growth plans for 2025 and beyond, including new vehicle models and enhanced battery technology.

2 Sources

Intesa Sanpaolo to Cut 9,000 Jobs Amid AI and Digitalization Push

Italy's largest bank, Intesa Sanpaolo, announces plans to cut 9,000 jobs while hiring 3,500 new employees as part of its strategy to adapt to AI and digitalization, aiming for significant cost savings and a more resilient business model.

4 Sources

UiPath Honors Global Partners and Customers at FORWARD Conference for AI and Automation Excellence

UiPath, a leading enterprise automation and AI software company, recognizes top partners and customers for their innovative use of AI and automation technologies at its global FORWARD conference.

2 Sources

AI Chip Giants Navigate Growth and Challenges in Booming Market

NVIDIA, AMD, Micron, and Super Micro Computer face opportunities and hurdles in the rapidly expanding AI chip market, balancing innovation with competition and supply chain pressures.

4 Sources

Keppel Aims to Double Data Centre Funds Amid AI-Driven Demand Surge

Singapore's Keppel Corporation plans to more than double its data centre funds under management to S$19 billion, capitalizing on the growing demand for AI-ready digital infrastructure.

2 Sources

ServiceNow Appoints Google Cloud Veteran Amit Zavery as New President, CPO, and COO

ServiceNow, a leading AI platform for business transformation, has named Amit Zavery, a former Google Cloud and Oracle executive, as its new President, Chief Product Officer, and Chief Operating Officer. This strategic move aims to bolster ServiceNow's product development and AI integration efforts.

3 Sources

Tesla's Ambitious Robotaxi Plans: Promises and Challenges for 2025 Launch

Tesla CEO Elon Musk announces plans to launch driverless robotaxis in California and Texas by 2025, facing regulatory hurdles and technical challenges.

5 Sources

F5 Unveils BIG-IP Next for Kubernetes: Supercharging AI Application Delivery with NVIDIA BlueField-3 DPUs

F5 launches BIG-IP Next for Kubernetes, an innovative AI application delivery and security solution that leverages NVIDIA BlueField-3 DPUs to enhance efficiency and performance for large-scale AI deployments.

8 Sources

SK hynix Achieves Record-Breaking Q3 2024 Results, Driven by AI Memory Demand

SK hynix reports unprecedented financial performance in Q3 2024, with record-breaking revenues and profits, largely attributed to strong demand for AI memory products like HBM and eSSD.

2 Sources

AI Drives Growth and Competition in Tech Industry: Analysis of Major Players

A comprehensive look at how AI is shaping the strategies and performance of tech giants like Alphabet, IBM, ServiceNow, and AI-focused companies like C3.AI and SentinelOne, highlighting both opportunities and challenges in the evolving market.

10 Sources

Teradyne Forecasts Strong Q4 Results Amid Rising Demand for AI Chip-Testing Equipment

Teradyne, a leading semiconductor-testing equipment provider, predicts better-than-expected Q4 results due to increased demand from AI and cloud computing sectors. The company's Q3 performance also surpassed analyst estimates.

2 Sources

SK Hynix Reports Record Q3 2024 Profits Driven by AI Memory Demand

SK Hynix, a leading memory chipmaker, posts record-breaking Q3 2024 financial results, with explosive growth in AI memory sales, particularly HBM. The company's success is attributed to the booming AI server market and its strong position in supplying critical components to major AI companies.

14 Sources

Europe's Data Center Power Demand Set to Triple by 2030, Driven by AI Adoption

A McKinsey report predicts that European data center power consumption will nearly triple by 2030, largely due to AI adoption, raising concerns about energy supply and environmental impact.

4 Sources

Palantir and L3Harris Form Strategic Partnership to Advance AI-Driven Defense Technologies

Palantir Technologies and L3Harris Technologies announce a strategic partnership to integrate AI and hardware for advanced U.S. military technology, aiming to enhance defense capabilities and digital transformation.

3 Sources

Get all updates into your inbox 💌, Stay Up-to-date for Free 🥳

Your Daily Dose of Curated AI News

Don’t drown in AI news. We cut through the noise - filtering, ranking and summarizing the most important AI news, breakthroughs and research daily. Spend less time searching for the latest in AI and get straight to action.

The Outpost

News

About