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19 Dec 2024

AI's Energy Demand Sparks Geothermal Startup Boom, Faces Natural Gas Competition

Geothermal energy startups are gaining traction as Big Tech companies seek to power AI data centers, but face challenges from natural gas competition and high initial costs.

5 Sources

Broadcom's AI Surge: Potential to Rival Nvidia in Semiconductor Market

Broadcom's impressive growth in AI chip market and its potential to challenge Nvidia's dominance in the coming years.

26 Sources

Ireland's Data Center Dilemma: Energy Consumption Threatens AI Expansion

Ireland faces an energy crisis as data centers consume a significant portion of the nation's electricity, jeopardizing the country's ability to support AI expansion and meet climate goals.

7 Sources

SK Hynix Secures $458 Million CHIPS Act Grant for AI Memory Packaging Facility in Indiana

SK Hynix receives a significant grant from the US Department of Commerce to establish an advanced AI memory packaging plant and R&D center in Indiana, aiming to strengthen the US semiconductor supply chain.

7 Sources

Micromax and Phison Launch MiPhi: Revolutionizing AI-Powered NAND Storage in India

Micromax Informatics and Phison have formed a joint venture called MiPhi to develop and manufacture advanced NAND storage solutions in India, aiming to boost the country's AI and technology ecosystem with energy-efficient and cost-effective storage products.

5 Sources

SanchiConnect and YourNest Invest ₹48 Crore in Eight AI-Driven DeepTech Startups

SanchiConnect and YourNest Venture Capital announce a significant investment of ₹48 crore in eight AI-focused DeepTech startups through their Velocity Accelerator Program, marking India's largest DeepTech funding cohort of 2024.

2 Sources

Google's Controversial Policy Change for Gemini AI Evaluation Raises Accuracy Concerns

Google has instructed contractors evaluating Gemini AI responses to rate prompts outside their expertise, potentially compromising the accuracy of AI-generated information on specialized topics.

6 Sources

Apple and NVIDIA Collaborate on ReDrafter Technique to Boost LLM Performance

Apple and NVIDIA have joined forces to integrate the ReDrafter technique into NVIDIA's TensorRT-LLM framework, significantly improving the speed and efficiency of large language models.

3 Sources

UltraTech Cement Revolutionizes Home-Building with AI-Powered 'Ask UltraTech' Campaign

UltraTech Cement partners with Mindshare to launch 'UltraTech Se Poocho', an innovative campaign using AI, AR, and generative AI to transform their logo into an interactive home-building expert, aiming to simplify the construction process for millions of Indians.

2 Sources

IBM Unveils Granite 3.1: A Leap Forward in Enterprise AI with Enhanced Performance and Capabilities

IBM releases Granite 3.1, a new family of open-source Large Language Models (LLMs) designed for enterprise use, boasting improved performance, extended context length, and multilingual capabilities.

2 Sources

HCLTech Launches SAP Business AI Innovation Lab in Germany to Accelerate Digital Transformation

HCLTech has opened an innovation lab for SAP Business AI in Munich, Germany, to help clients explore AI applications and advance their digital transformation initiatives. The lab leverages generative AI and cloud technologies to enhance SAP solution adoption and development.

2 Sources

EU Data Protection Board Issues Guidelines for AI Models' Use of Personal Data

The European Data Protection Board (EDPB) has released an opinion clarifying the circumstances under which AI models can use personal data, addressing issues of anonymity, legitimate interest, and legal compliance in AI development and deployment.

3 Sources

Trane Technologies to Acquire BrainBox AI: A Leap Forward in AI-Driven Building Management

Trane Technologies announces acquisition of BrainBox AI, a pioneer in autonomous HVAC controls and AI building technology, to enhance sustainable building solutions and reduce energy consumption.

2 Sources

Menlo Ventures and Anthropic Launch $100M Anthology Fund, Select First 18 AI Startups

Menlo Ventures and Anthropic have chosen the initial 18 startups for their $100 million Anthology Fund, aimed at fostering AI-first companies using Anthropic's technology. The fund offers investments and access to Anthropic's latest models.

2 Sources

Snowflake Executives Sell Shares Amid Strong Company Performance and Industry Growth

Snowflake's top executives sell millions in stock as the company shows strong growth. Meanwhile, competitor Databricks secures $10 billion in funding, highlighting the booming data and AI sector.

2 Sources

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