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28 Mar Amazon invests US$2.75 billion more in OpenAI rival Anthropic to boost generative AI efforts

Posted at 02:52h in Asia

Amazon.com says it is investing an additional US$2.75 billion in Anthropic, completing a deal it made last year to back the artificial intelligence (AI) start-up and expand a partnership between the companies.The infusion brings Amazon’s total investment in Anthropic, a well-regarded builder of AI tools...

22 Mar Microsoft to pay Inflection AI US$650 million after hiring most of staff, including founders

Posted at 05:45h in Asia

Microsoft has agreed to pay Inflection AI US$650 million, largely to license its artificial intelligence software, alongside its move earlier this week to hire much of the start-up’s staff, according to a person familiar with the transaction.Microsoft stunned the AI world on Tuesday with an...

19 Mar Opinion | US TikTok hysteria pushes key questions about the app to the margins

Posted at 07:30h in Asia

As we wait to see whether the Senate will do the same, we’re treated to the full spectrum of hypocrisy that the “China threat” induces in American politicians.Let’s examine this starting at the top, with US President Joe Biden, who has said he would sign...

25 Feb Opinion | Why chipmakers’ stock surge is no guarantee of AI revolution’s future

Posted at 12:15h in Asia

Some of the controversies are easier to manage. The machine learning driven by generative AI has already shown its value in speedy and reliable early indication of diseases, for example. We are at the earliest stages of discovering how these new technologies can enhance productivity...

22 Feb Opinion | Why Magnificent Seven US tech stocks are the bubble that won’t burst

Posted at 11:30h in Asia

It is hard to overstate the importance of this septet. With the exception of Tesla, all the companies figure among the world’s top seven firms by market capitalisation. Moreover, the group’s combined weighting in the S&P 500 is 29 per cent while its share of...

28 Jan Big Tech firms such as Tencent and Alibaba snap up land on the mainland amid slumping real estate sector

Posted at 03:00h in Asia

Chinese Big Tech firms, including Tencent Holdings and Alibaba Group Holding, have become major buyers of land on the mainland at a time when both the technology and real estate sectors are battling economic and policy headwinds.Social media and video gaming giant Tencent has shelled...

14 Jan China’s Big Tech firms from Tencent to Alibaba cut external investments further in 2023 amid troubled economy

Posted at 03:00h in Asia

China’s internet giants from Alibaba Group Holding to Tencent Holdings slashed external investments last year amid an economic slowdown, regulatory headwinds and geopolitical tensions, according to data compiled by a Chinese consultancy.Total investment deals made by Alibaba, Tencent and Baidu plunged by nearly 40 per...

big tech Tag

28 Mar Amazon invests US$2.75 billion more in OpenAI rival Anthropic to boost generative AI efforts

22 Mar Microsoft to pay Inflection AI US$650 million after hiring most of staff, including founders

19 Mar Opinion | US TikTok hysteria pushes key questions about the app to the margins

25 Feb Opinion | Why chipmakers’ stock surge is no guarantee of AI revolution’s future

22 Feb Opinion | Why Magnificent Seven US tech stocks are the bubble that won’t burst

28 Jan Big Tech firms such as Tencent and Alibaba snap up land on the mainland amid slumping real estate sector

14 Jan China’s Big Tech firms from Tencent to Alibaba cut external investments further in 2023 amid troubled economy

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