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Microsoft and G42 invest $1 billion in Kenyan data center
May 22,2024
Microsoft is partnering with UAE-based AI firm G42 to invest$1 billion in a new data centre in Kenya to expand cloud-computing services in East Africa. The data centre, built by G42 and its partners, will use geothermal energy and provide access to M...
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iFlytek slashes AI model prices amid tech price war in China
May 22,2024
AI firm iFlytek has entered a price war among China's top tech companies by significantly reducing the cost of its 'Spark' large-language model (LLM). iFlytek's move follows recent price cuts by Alibaba, Baidu, and Bytedance for their own LLMs used i...
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AI drives productivity surge in certain industries, report shows
May 22,2024
A recent PwC (PricewaterhouseCoopers International Limited) report highlights that sectors of the global economy with high exposure to AI are experiencing significant productivity gains and wage increases. The study found that productivity growth in ...
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India government tightens import rules for unregistered IT and electronic goods
May 22,2024
The Indian government has reaffirmed its stance on regulating the import of information technology (IT) and electronic goods, emphasizing the need for mandatory registration with the Bureau of Indian Standards (BIS) and compliance with labelling requ...
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IBM releases open-source AI models and partners with Saudi Arabia
May 21,2024
IBM announced it would release a family of AI models as open-source software and assist Saudi Arabia in training an AI system in Arabic. Unlike competitors such as Microsoft, which charge for their AI models, IBM provides open access to its 'Granite'...
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Price war escalates in China as Alibaba and Baidu cut AI costs
May 21,2024
On Tuesday, Chinese tech giants Alibaba and Baidu significantly reduced prices for their large-language models (LLMs), intensifying a price war in the cloud computing sector. Alibaba's cloud unit announced cuts of up to 97% on its Tongyi Qwen models,...
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EU Chips Act funds new chip pilot line with E2.5 billion
May 21,2024
Leading European research labs will receive E2.5 billion under the European Chips Act to establish a pilot line for developing and testing future generations of advanced computer chips, according to Belgium's IMEC. The initiative is part of the EU's ...
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Google invests $1.1 billion in Finnish data centre expansion for AI growth
May 20,2024
Google has revealed plans to inject an additional$1.1 billion into its data centre campus expansion in Finland, emphasising its commitment to bolstering its AI business growth in Europe. The investment aligns with a broader trend of locating data cen...
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French startup Pasqal set to introduce first quantum computer in Saudi Arabia
May 20,2024
Paris-based quantum computing startup Pasqal has inked a significant deal with Saudi Arabia's oil giant Aramco, marking the installation of the kingdom's first quantum computer. Scheduled for deployment in the latter half of 2025, Pasqal will oversee...
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Paris competes for Europe's AI leadership as major conference approaches
May 20,2024
France is set to host tech executives and political figures this week, including former US Secretary of State John Kerry and ex-Google CEO Eric Schmidt, at the 'Viva Technology' conference. The event, supported by Paris-based luxury giant LVMH, aims ...
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European Central Bank advocates monitoring and regulation of AI in finance
May 16,2024
The European Central Bank (ECB) has issued a call for increased vigilance and potential regulation regarding the use of AI (AI) in the financial sector. While acknowledging the potential benefits of AI, the ECB emphasises the need to mitigate risks t...
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Workplace app discontinued as Meta invests in AI and metaverse
May 16,2024
Meta Platforms, the parent company of Facebook, announced that it will discontinue its Workplace app, a platform geared towards work-related communications. The social media platform made this decision as it shifted its focus towards developing AI an...
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