Homechevron_rightArchiveschevron_rightBusiness and Economy

Archives

Explore Stories by Date

22 Nov 2024

RWE Harnesses AI-Driven Weather Modeling with HPE Private Cloud AI to Optimize Renewable Energy Management

RWE, a leading renewable energy company, adopts HPE's Private Cloud AI solution to enhance weather data analysis and improve forecast accuracy, aiming to optimize energy resource management and accelerate its transition to clean energy.

3 Sources

21 Nov 2024

Uber Plans Strategic Investment in Autonomous Driving Firm Pony.ai's IPO

Uber is reportedly in talks to invest over $10 million in Pony.ai's upcoming U.S. IPO, potentially leading to a partnership in autonomous driving technology outside the United States.

3 Sources

Nvidia Plans AI School and Investments in Indonesia

Nvidia, the U.S. chipmaker, announces plans to invest in multiple Indonesian cities, including the establishment of an AI-focused school in Central Java province.

2 Sources

Stanford's Global AI Vibrancy Tool 2024: US Leads, China and UK Follow in AI Innovation

Stanford University's latest AI index reveals the United States as the global leader in AI innovation, with China and the UK trailing. The report highlights significant disparities in investment, research output, and technological advancements across nations.

7 Sources

Microsoft's AI Scaling Laws: Reshaping the Future of Technology by 2025

Microsoft unveils groundbreaking AI scaling laws, promising to revolutionize productivity and creativity across industries by 2025. The advancements in AI capabilities, particularly with the Copilot system, are set to transform business processes and technological interactions.

2 Sources

Blue Bear Capital Raises $160M for AI-Powered Climate and Energy Tech Investments

Blue Bear Capital closes its third fund, focusing on AI and machine intelligence solutions for energy, infrastructure, and climate challenges. The fund aims to invest in software-centric approaches to tackle environmental issues.

2 Sources

AI and Cloud Computing Surge Threatens Clean Energy Transition

The rapid growth in electricity demand from data centers, driven by AI and cloud computing, is leading to increased reliance on fossil fuels, potentially delaying the transition to clean energy.

7 Sources

Former X Policy Chief Joins Sam Altman's World Network Amid AI Identity Verification Challenges

Nick Pickles, former head of global affairs at X, joins Sam Altman's Tools for Humanity as chief policy officer, focusing on AI-based identity verification and human-bot distinction in the digital realm.

6 Sources

Vanguard ETFs Ride the AI Wave: A Gateway to Tech Giants and AGI Potential

Vanguard ETFs, particularly the Mega Cap Growth and Information Technology funds, offer investors significant exposure to AI-driven tech giants, potentially positioning them for the coming AGI revolution.

3 Sources

Baidu's Q3 Results: Revenue Dips Amid Advertising Slump, AI Initiatives Show Promise

Baidu, the Chinese tech giant, reported a 3% decline in Q3 revenue but saw growth in AI-related sectors. Despite challenges in online advertising, the company's AI initiatives, including Ernie Bot and AI Cloud, show potential for future growth.

5 Sources

SK Square Announces Share Buyback Plan to Boost Value of AI Chip Investment

SK Square, the holding company of AI chip maker SK Hynix, unveils a share buyback plan and governance changes to address undervaluation concerns and align with South Korea's "Value-Up" program.

2 Sources

Lighthouse Secures $370 Million Investment, Reaching Unicorn Status in Travel Tech

Lighthouse, a leading commercial intelligence platform for the hospitality industry, has raised $370 million in a Series C funding round led by KKR, valuing the company at over $1 billion. The investment will fuel AI-driven innovations and global expansion.

6 Sources

India's Data Center Boom: AI and 5G Fuel Massive Growth and Investment

India's data center industry is set for exponential growth, driven by AI adoption, cloud computing, and 5G rollout. The sector is expected to grow 66% by 2026, attracting $4 billion in investments and adding 604 MW capacity.

4 Sources

WTO Report Highlights AI's Transformative Impact on Global Trade

The World Trade Organization (WTO) releases a comprehensive report examining how artificial intelligence is reshaping international trade, discussing its potential benefits and challenges.

7 Sources

Snowflake Partners with Anthropic to Integrate Claude AI Models into Data Cloud Platform

Snowflake and Anthropic announce a multi-year strategic partnership to integrate Claude 3.5 AI models into Snowflake's Cortex AI platform, enhancing AI capabilities for enterprise customers while maintaining security and governance.

4 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