Microsoft to spend as much as $100 billion on project for OpenAI
Apple to release new AI app store
Microsoft to spend as much as $100 billion on project for OpenAI
Better late than never - Apple to release new AI app store
Saudi Arabia’s $40 billion AI fund
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Microsoft drawing up plans to spend as much as $100 billion on a data center project for OpenAI
Microsoft and OpenAI are working on plans for a data center project that could cost as much as $100 billion and include an artificial intelligence supercomputer called "Stargate" set to launch in 2028, The Information reported on Friday.
Rapid adoption of generative artificial intelligence technology has led to sky-rocketing demand for AI data centers capable of handling more advanced tasks than traditional data centers.
The Information reported that Microsoft would likely finance the project, which is expected to be 100 times more costly than some of the biggest existing data centers, citing people involved in private conversations about the proposal. The proposed U.S.-based supercomputer would be the biggest in a series the companies are looking to build over the next six years, the report added.
The Information attributed the tentative cost of $100 billion to a person who spoke to Altman about it and a person who has viewed some of Microsoft's initial cost estimates. It did not identify those sources….
By Arsheeya Bajwa of Reuters(full text)
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Better late than never - Apple to release new AI app store
Apple's AI strategy may not necessarily be to only offer the best AI apps it can produce, but instead deliver an enhanced AI App Store that may debut at WWDC.
Apple, like many other tech companies, is hard at work introducing AI elements to its operating systems and software, and could potentially bring those products out to consumers in 2024. However, Apple may have other plans on how to make money from AI.
Speaking to CNBC on Monday, Melius Research head of technology research Ben Reitzes believes Apple will lay the groundwork for a new AI App Store in June. This will apparently include detailing how consumers will be able to acquire AI apps from an assortment of vendors.
Reitzes explains the reasoning by referring to Apple's other storefronts which have become industry-changing behemoths….
By Malcom Owen of Apple Insider(full text)
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Saudi Arabia’s $40 billion AI fund
Saudi Arabia’s sovereign wealth fund is in talks with American venture capital firm Andreessen Horowitz and potentially others to create a $40 billion fund to invest in artificial intelligence, according to reporting by The New York Times, which was later confirmed by CNBC sources.
The move, which two people with knowledge of the matter told CNBC has been under discussion for months, would see a partnership formed between Saudi Arabia’s $925 billion Public Investment Fund and Andreessen Horowitz, one of Silicon Valley’s largest venture capital firms.
The people stressed that talks have not yet been finalized, and declined to be named due to restrictions on speaking to the press.….