Baidu’s AI chip unit Kunlunxin is planning to go public in Hong Kong at a target valuation of $50 billion, The Information reported on Sunday. In an unusual twist, the company asked prospective IPO investors to also commit to purchasing its semiconduct…
Firmus Technologies, an Australian AI infrastructure company valued at $5.5 billion, will build its first data centre in Indonesia through an eight-year partnership with Nvidia. The 360-megawatt Nvidia DSX AI Factory campus in Batam, an island just off…
Mental health chatbots all share the same limitation: the user has to reach out first. That is not always easy when someone is stressed, anxious, or unable to articulate how they feel. Researchers at the University of Ottawa are building an AI assistan…
California Governor Gavin Newsom and top Democratic legislators agreed on a $351.7 billion state budget that will extend sales tax to prewritten software downloaded from the web. The tax is expected to raise $900 million for the state and another $1.1 …
The Bank for International Settlements warned on Sunday that an AI investment bust could hit credit markets with disruption comparable to the 2008 financial crisis. In its annual report, the Basel-based institution listed AI-led risks alongside inflati…
Google has placed limits on Meta’s use of its Gemini AI models because it cannot provide as much computing capacity as the social media company wanted, the Financial Times reported on Sunday. The restrictions have affected several Google clients, with …
India’s Unified Payment Interface has grown to over 750 million daily transactions, and the head of the body that oversees it says AI will be central to reaching a billion. Dilip Asbe, MD and CEO of the National Payments Corporation of India, told Tech…
When Anthropic launched Claude Tag on Tuesday, a high-profile AI product that works as a persistent teammate inside Slack channels, some employees at Salesforce, which owns Slack, were confused. Salesforce promoted Anthropic’s new product on social med…
Jacob Andreou, the 33-year-old executive Satya Nadella promoted to run Copilot in March after just one year at Microsoft, now oversees more than 11,000 people. He has merged the consumer and enterprise Copilot teams, eliminated redundant product versio…
The AI industry that donated heavily to elect Donald Trump on the promise he would leave the technology alone is now asking for formal regulation, Politico reported on Friday. Executives at frontier AI companies told the outlet they view the administra…