Tag : artificial intelligence

PM Modi urges BRICS to invest in people-centric health innovation
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PM Modi urges BRICS to invest in people-centric health innovation

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Brazil has formally submitted a proposal to the New Development Bank (NDB) of BRICS countries for the development of its first smart public hospital within the Unified Health System (SUS). The project, announced by Brazil’s...
Amazon-backed Anthropic’s valuation jumps to $61.5B
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Amazon-backed Anthropic’s valuation jumps to $61.5B

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AI startup Anthropic has seen its valuation soar to $61.5 billion following its latest funding round, marking a threefold increase in a short span. The company successfully raised $3.5 billion, significantly surpassing its initial $2...
Korea to invest $285M in advanced industrial technologies
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Korea to invest $285M in advanced industrial technologies

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The Republic of Korea has announced plans to invest 414.2 billion won (approximately $285 million) in the development of advanced industrial technologies by 2031, aiming to drive innovation across multiple sectors. The Ministry of Trade,...
EU AI Champions Initiative secures €150 billion funding boost
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EU AI Champions Initiative secures €150 billion funding boost

manamalive.com
As the 2025 AI Action Summit unfolds in Paris, Europe is making a decisive push to establish itself as a global leader in artificial intelligence. The EU AI Champions Initiative, led by global investment firm...
Amazon plans $100 billion AI investment to stay ahead in tech race
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Amazon plans $100 billion AI investment to stay ahead in tech race

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Amazon has announced plans to increase its capital expenditures to $100 billion in 2025, marking a significant investment in artificial intelligence and cloud infrastructure. The tech giant’s spending surge follows its 2024 capex of approximately...
Nvidia shares rise as Alphabet boosts AI investments for 2025
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Nvidia shares rise as Alphabet boosts AI investments for 2025

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Nvidia's stock surged over 4% on Wednesday, rebounding from last week's sell-off as concerns over China's DeepSeek AI model failed to dampen Big Tech's spending on artificial intelligence infrastructure. The stock's rise follows Alphabet's announcement...
EU rolls out landmark AI law, prohibiting social scoring and exploitation
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EU rolls out landmark AI law, prohibiting social scoring and exploitation

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The European Union’s Artificial Intelligence Act (AI Act) officially came into force on Sunday, introducing a comprehensive regulatory framework to govern AI applications across its member states. The legislation, considered the world’s first major AI...
Trump unveils $500B AI venture with OpenAI Softbank and Oracle
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Trump unveils $500B AI venture with OpenAI Softbank and Oracle

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Former U.S. President Donald Trump has unveiled a groundbreaking private-sector initiative involving a $500 billion investment in artificial intelligence infrastructure. The announcement, made on Tuesday alongside key figures from OpenAI, Softbank, and Oracle, marks one...
Microsoft to invest $80 billion in AI data centers by June 2025
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Microsoft to invest $80 billion in AI data centers by June 2025

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Microsoft has announced plans to invest $80 billion in AI-enabled data centers during its current fiscal year, which ends in June 2025. More than half of this investment is allocated to the United States, reinforcing...
Trump appoints Indian-American Sriram Krishnan as AI policy advisor
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Trump appoints Indian-American Sriram Krishnan as AI policy advisor

manamalive.com
President-elect Donald Trump has appointed Indian-American entrepreneur Sriram Krishnan as Senior White House Policy Advisor on Artificial Intelligence (AI). Krishnan is set to collaborate with David Sacks, who has been named White House AI and...