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Cloud

Report: AWS to spend billions on new cloud data center infrastructure in Italy

By Mike Wheatley May 27, 2024

Amazon.com Inc.’s cloud computing business is holding talks with the Italian government over a potential multibillion-dollar investment that will see it expand its data center operations in the country, in line with plans to…

Apps

Apple will reportedly introduce AI-generated emojis, LLM-powered Siri with iOS 18

By Maria Deutscher May 27, 2024

Apple Inc. is reportedly preparing to embed new artificial intelligence models into several components of iOS including the built-in emoji library and Siri. Bloomberg reported the upcoming enhancements on Sunday, citing sources familiar with…

Infra

Report: China sets up $47.5B fund to boost its semiconductor sector

By Maria Deutscher May 27, 2024

China has reportedly set up a fund with 344 billion yuan, or $47.5 billion, in capital to boost its domestic semiconductor sector. Citing a regulatory filing, Reuters reported today that the fund was established…

AI

Elon Musk’s xAI raises $6B at $24B valuation to build new AI services

By Maria Deutscher May 27, 2024

Artificial intelligence startup xAI Corp. has raised $6 billion in Series B funding round to support its product development and commercialization efforts. The company, which was founded last year by Elon Musk, detailed on…

AI

Research shows OpenAI’s GPT-4 outperforms humans in financial statement analysis, but skeptics aren’t convinced

By Mike Wheatley May 26, 2024

OpenAI’s GPT-4 large language model has reportedly demonstrated an ability to analyze financial statements with a level of accuracy that surpasses the best human financial analysts. The claim comes via a paper written by…

Infra

How Nvidia, TSMC, Broadcom and Qualcomm will lead a trillion-dollar silicon boom

By Dave Vellante and David Floyer May 25, 2024

We believe the artificial intelligence wave will bring profound changes, not only to the technology industry but to society as a whole. These changes will perhaps be as significant to the world as the…

Cloud

Financial software maker AuditBoard to be acquired by Hg Capital for $3B+

By Maria Deutscher May 24, 2024

AuditBoard Inc., the developer of a software platform that helps enterprises ensure their financial reports are accurate, will be acquired by Hg Capital for over $3 billion. The companies announced the deal on Thursday.…

AI

IBM lines up product announcements focused on AI middleware

By Devony Hof May 24, 2024

Experts predict that by 2030, artificial intelligence will add an estimated $4 trillion to annual GDP productivity, but it is still early stages for the industry and experimentation is ongoing. At IBM Think 2024,…

AI

Data management for AI readiness amid Informatica’s differentiation strategy

By Victor Dabrinze May 24, 2024

Data management is hot again. Propelled by the artificial intelligence infusion, the new era promises productivity gains and enhanced organizational decision-making. But there’ll be growing pains, one of which is data readiness. “Within Informatica,…

AI

Deloitte and Informatica aim to drive ESG data management capabilities

By Ryan Stevens May 24, 2024

During Informatica World, there’s already been some discussion around sustainability and environmental, social and governance concerns. But there’s much more to discuss, especially given how data centers aren’t necessarily prepared for the AI wave…

the latest

Apple will reportedly introduce AI-generated emojis, LLM-powered Siri with iOS 18

Report: China sets up $47.5B fund to boost its semiconductor sector

Elon Musk’s xAI raises $6B at $24B valuation to build new AI services

Research shows OpenAI’s GPT-4 outperforms humans in financial statement analysis, but skeptics aren’t convinced

Financial software maker AuditBoard to be acquired by Hg Capital for $3B+

IBM lines up product announcements focused on AI middleware

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