Energy, mining and AI: Oman, China sign investment deals across key sectors
The 23 agreements cover renewable energy, mining, AI, logistics and space technology...
Artificial Intelligence
After Singapore, Hong Kong to be second venue of HSBC’s ‘AI Institute’
HSBC is looking to launch the institute in the first quarter of...
Oracle caps additional AI funding at USD 20 billion, expands chip supply deal with Nvidia
Chief Financial Officer Hilary Maxson said Oracle expects free cash flow to...
Amazon’s AI spending fuels USD 42.4 billion cash burn, expenditure to increase further
Amazon reported a cash burn of USD 7.6 billion in the second...
Argentum AI seeks USD 5 billion chip financing as neocloud debt risks mount
The proposed deal comes as investors grow increasingly concerned about the sustainability...
NVIDIA and Meta expand collaboration on Muse family of AI models
Meta and NVIDIA will deepen their collaboration by partnering on optimisations across...
Insurers embraced AI, time to turn investment into impact
The challenge for AI projects comes when they have to work with...
Using AI to cut lending decisions to minutes: Deutsche Bank accelerates its ‘tech-first’ approach
Deutsche Bank plans to spend more than 2.5 billion euro (USD 2.80...
Meta’s USD 825 billion commitments put social media conglomerate’s AI spending under scrutiny
The commitments include agreements covering data centres, cloud computing capacity, servers, networking...
Barclays to cut 5,000 jobs as AI drives Biritsh bank’s cost-cutting push
The British lender has reported a third-quarter profit of 2.3 billion pounds...