The UK prime minister today reiterated the government’s intention of encouraging British startups to ”scale here” and “stay here”, as he announced plans to develop Britain’s sovereign compute offering…
For years, the AI boom has run through a handful of factory floors in Taiwan. That dependence is starting to look risky enough that even Nvidia and Google are shopping for a backup, and the unlikely name on the list is Intel. Google has placed an order…
The AI boom runs on chips and electricity. It also runs on glass. Amazon is paying Corning billions of dollars for optical fibre to wire up its rapidly expanding US data centres, the two companies said on Monday. The multi-year agreement will create ab…
Britain’s banks, telecoms, and weapons-makers have a new shared anxiety: that the AI they increasingly run on is built, owned, and controlled in the United States. A startup barely three years old is betting they will pay to fix it. Cosine, a UK fronti…
A growing number of CEOs expect AI-driven layoffs, but economic data paints a more complex picture as companies cut junior roles before proving AI delivers meaningful productivity gains.
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The lobby of Hyundai’s Seoul headquarters now waters its own plants. On Monday it was also handling security and deliveries, a row of robots laid on for one important visitor: Jensen Huang. Nvidia’s chief executive was in the South Korean capital to de…
PhysicsX, a London startup using AI to transform engineering, compressing complex designs and simulation processes that once took months into seconds, has raised $300m at a $2.4bn valuation.The new va…
London-based PhysicsX has raised $300 million in a Series C round led by Singaporean sovereign wealth fund Temasek, more than doubling its valuation to $2.4 billion, less than a year after its Series B priced the company at just under $1 billion. The r…
In the 1990s, almost every US state sued the tobacco industry. The resulting settlements cost hundreds of billions of dollars and transformed how cigarettes were marketed, sold, and regulated. Senator Ed Markey said in March that Big Tech’s Big Tobacco…
JPMorgan Chase is hiring Nomura Holdings’ international head of artificial intelligence strategy, according to Bloomberg, as the largest US bank by assets accelerates its recruitment of AI specialists. Singapore-based Tahir Zafar, who joined Nomura in …