Amazon.com plans to spend US$9 billion to expand its cloud computing infrastructure in Singapore, the latest global technology company to boost investment in Southeast Asia. The outlay, to be done over the next four years, doubles the investment of subsidiary Amazon Web Services (AWS) in Singapore and helps it meet growing customer demand for cloud … Read more
Microsoft will invest US$1.5 billion in the United Arab Emirates’ top artificial intelligence firm, G42, after the Abu Dhabi-based company worked out an unusual deal with the US government to end any cooperation with China. The agreement follows behind-the-scenes negotiations between the US government and the Middle Eastern firm, in which G42 agreed to divest … Read more
Taiwan Semiconductor Manufacturing Co’s quarterly revenue grew at its fastest pace in more than a year, shoring up expectations that a global boom in artificial intelligence (AI) development is fuelling demand for high-end chips and servers. The main chip maker to Nvidia and Apple reported a better-than-expected 16 per cent rise in March-quarter sales to … Read more
The already-hefty demand for the company’s data centre chips and graphics processing units (GPUs) continues to grow as firms scramble to expand their AI offerings. Nvidia’s silicon dominates the global market for AI chips, where it counts the likes of Microsoft among its customers. “The market was poised to sell the news following Nvidia’s earnings, … Read more
Nations including India, Japan, France and Canada are talking about the importance of investing in “sovereign AI capabilities”, Huang said in an interview on Thursday with Bloomberg Television. “Their natural resource – data – should be refined and produced for their country. The recognition of sovereign AI capabilities is global”. At the time of the … Read more
The China Securities Regulatory Commission (CSRC) said it found the 2023 financial disclosures of Shenzhen-listed Zuojiang to be “seriously untrue” and “suspected [the company] of significant financial fraud”, according to the agency’s statement on Monday about the results of its preliminary investigation. The CSRC said its investigation, which was initiated on November 24, was still … Read more
Microsoft, Alphabet’s Google and Advanced Micro Devices – three companies working harder than nearly anyone to weave artificial intelligence into their products – are finding that, when it comes to AI, investors are hard to please. Shares of the tech giants slipped in late trading Tuesday after they delivered results for the last three months … Read more
