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Citigroup raises AI market forecast to $4.2 trillion as enterprise adoption accelerates beyond expectations

Citigroup has increased its global artificial intelligence market forecast to over $4.2 trillion by 2030, up from $3.5 trillion, driven by faster-than-expected enterprise adoption of AI tools. The revised outlook highlights Anthropic's explosive growth, with its annualized revenue run rate surpassing $30 billion by April, making it one of the fastest growth trajectories in tech history.

Business3 sources

Citigroup raises AI market forecast to $4.2 trillion as enterprise adoption accelerates beyond expectations

Business3 sources

AI PCs hit 81% enterprise adoption as AMD reports shift from experimentation to deployment

AMD's latest research reveals that over four in five organizations are now planning, piloting, or deploying AI PCs, marking a significant shift from experimentation to real-world implementation. The data shows 70% report faster performance with dedicated AI PCs, while 66% see productivity gains as agentic AI drives demand for localized computing power.

Technology2 sources

AI PCs hit 81% enterprise adoption as AMD reports shift from experimentation to deployment

Technology2 sources

OpenAI misses revenue targets as AI investments face scrutiny and market confidence wavers

OpenAI reportedly missed internal revenue targets and ChatGPT user growth goals, sending shockwaves through tech stocks. The company's CFO expressed concerns about funding billions in future compute contracts, while partners like Nvidia, Oracle, and AMD saw shares drop. The news raises questions about whether the AI boom can sustain its massive infrastructure spending.

Business33 sources

OpenAI misses revenue targets as AI investments face scrutiny and market confidence wavers

Business33 sources

SpaceX and AMD race to deploy AI in space as orbital data centers tackle Earth's energy crisis

SpaceX unveiled plans to launch one million satellites for orbital data centers, while AMD positions open platforms as essential for AI development in space. The shift addresses mounting concerns over terrestrial data center energy consumption, with companies like Google and Blue Origin joining the race. Edge computing enables satellites to process data locally, reducing latency and enhancing mission autonomy for defense, climate monitoring, and space exploration.

Technology5 sources

SpaceX and AMD race to deploy AI in space as orbital data centers tackle Earth's energy crisis

Technology5 sources

Google DeepMind's Decoupled DiLoCo transforms distributed AI training with resilient architecture

Google DeepMind unveiled Decoupled DiLoCo, a new architecture that trains AI models across geographically distant data centers without tight synchronization. The system maintains 90% efficiency even during hardware failures by dividing training into decoupled compute islands with asynchronous data flow, addressing a critical challenge as frontier models scale.

Technology2 sources

Google DeepMind's Decoupled DiLoCo transforms distributed AI training with resilient architecture

Technology2 sources

Nvidia exec says AI is more expensive than human workers as compute costs explode across tech

A senior Nvidia executive reveals that AI compute costs now exceed employee salaries, challenging assumptions about AI replacing workers. Uber has already exhausted its 2026 AI budget due to soaring token costs, while companies grapple with whether massive AI spending will deliver long-term automation gains or prove an expensive misstep.

Business8 sources

Nvidia exec says AI is more expensive than human workers as compute costs explode across tech

Business8 sources

TCS and Siemens Energy AG forge AI partnership to advance intelligent operations globally

Tata Consultancy Services has signed two Memorandums of Understanding with Siemens Energy AG and Siemens Energy India Limited to strengthen strategic cooperation in IT services, digital and industrial AI initiatives, and AI-ready data centers. The partnership combines TCS' AI and engineering capabilities with Siemens Energy's power generation and grid technologies expertise to accelerate AI-led industrial transformation and build resilient digital infrastructure for the energy sector.

Technology2 sources

TCS and Siemens Energy AG forge AI partnership to advance intelligent operations globally

Technology2 sources

Intel driver update enables 93% system memory allocation to iGPUs for larger AI models

Intel released a new driver for Arc Pro GPUs that allows users to allocate up to 93% of system RAM to integrated GPUs, up from the previous 87% limit. This memory allocation breakthrough enables users to run substantially larger Large Language Models on affordable hardware without hitting memory capacity constraints.

Technology2 sources

Intel driver update enables 93% system memory allocation to iGPUs for larger AI models

Technology2 sources

Meta signs deal to beam solar power from space satellites to fuel AI data centers around the clock

Meta has secured a capacity reservation agreement with Overview Energy to receive up to 1 gigawatt of power from satellites positioned 22,000 miles above Earth. The solar-collecting satellites will beam near-infrared light to ground-based solar farms, enabling round-the-clock energy production for AI data centers. With Meta consuming over 18,000 gigawatt-hours in 2024, the deal signals how the AI energy crisis is pushing tech giants toward innovative solutions.

Business9 sources

Meta signs deal to beam solar power from space satellites to fuel AI data centers around the clock

Business9 sources

Qualcomm shares soar 13% on reports of OpenAI partnership for AI smartphone processors

Qualcomm stock surged following analyst reports that the chipmaker is collaborating with OpenAI and MediaTek to develop processors for an AI-first smartphone. The reported partnership, with mass production expected in 2028, marks a significant development in OpenAI's hardware ambitions and could signal smartphones retaining their central role in the AI era.

Technology6 sources

Qualcomm shares soar 13% on reports of OpenAI partnership for AI smartphone processors

Technology6 sources

Google breaks ground on $15 billion AI hub in Visakhapatnam, backed by Adani and Airtel

Google has launched construction of its largest digital infrastructure project in India—a gigawatt-scale AI hub in Visakhapatnam. The $15 billion initiative, developed with AdaniConneX and Airtel Nxtra, positions the coastal city as an emerging AI gateway. With Adani Group committing $100 billion to green energy and data centers, the project addresses AI's massive electricity demands while creating thousands of jobs and advancing community development across Andhra Pradesh.

Technology8 sources

Google breaks ground on $15 billion AI hub in Visakhapatnam, backed by Adani and Airtel

Technology8 sources

Meta cuts 8,000 jobs to fund AI infrastructure as capital expenditure soars to $145 billion

Meta is eliminating roughly 8,000 positions—10% of its workforce—starting May 20, with CEO Mark Zuckerberg directly attributing the cuts to ballooning AI infrastructure spending. The company raised its 2026 capex forecast to $145 billion, nearly double last year's $72 billion spend. Despite posting record revenue of $56.31 billion and $26.8 billion in net income for Q1 2026, Meta is redirecting capital from headcount to compute costs, sparking debate about whether AI justifies these workforce reductions.

Business13 sources

Meta cuts 8,000 jobs to fund AI infrastructure as capital expenditure soars to $145 billion

Business13 sources

Oracle data center secures $16 billion financing after months of Wall Street negotiations

Related Digital has closed a $16 billion financing package for Oracle's massive data center campus in Michigan, designed to power applications for OpenAI. The deal wrapped after months of stop-and-start negotiations, with Pimco purchasing $10 billion of the bonds. The financing highlights how Big Tech's debt-fueled AI expansion is facing increased scrutiny from Wall Street investors.

Business3 sources

Oracle data center secures $16 billion financing after months of Wall Street negotiations

Business3 sources

Maine Governor Janet Mills Vetoes Historic Data Center Moratorium Over Local Economic Concerns

Maine came close to becoming the first US state to halt data center construction, but Governor Janet Mills vetoed the bill to protect an economic development project in Jay. The proposed moratorium would have frozen approvals until 2027 while officials studied environmental and energy impacts. Mills cited the need to preserve 800 construction jobs and 100 permanent positions at a former mill site.

Policy6 sources

Maine Governor Janet Mills Vetoes Historic Data Center Moratorium Over Local Economic Concerns

Policy6 sources

UK government admits AI data centres could emit 100 times more carbon than previously forecast

The UK quietly revised its climate projections for AI infrastructure, revealing that AI data centres could generate up to 123 million tonnes of CO₂ over the next decade—more than 100 times the original estimate. The dramatic correction exposes a stark misalignment between the government's AI ambitions and its legally binding net-zero commitments, as two key departments appear to be working with wildly different energy consumption forecasts.

Policy4 sources

UK government admits AI data centres could emit 100 times more carbon than previously forecast

Policy4 sources

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