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    Google will invest a further $1 billion in AI startup Anthropic

    Google has announced plans to increase its investment in Anthropic following Competition and Markets Authority (CMA) approval of its last tie-up with the company. The hyperscaler will now invest over $1 billion into the AI firm, according to reports from the Financial Times. This follows reports earlier in the month that suggested Anthropic is in a bid to raise an…

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    Microsoft to Invest $80 Billion in AI Data Centers in Fiscal 2025

    Generative AI products have sparked a surge in data center development. Microsoft is continuing this trend with plans to invest $80 billion in fiscal year 2025 to build AI-enabled data centers, the company revealed in a recent blog post. “Not since the invention of electricity has the United States had the opportunity it has today to harness new technology to…

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    The open source industry is booming as firms invest billions in ecosystem each year

    The open source software industry is booming, according to recent analysis, with organizations now investing around $7.7 billion in the ecosystem each year. Researchers from GitHub, the Linux Foundation, and the Laboratory for Innovation Science at Harvard (LISH) found the median investment in open source now stands at $520,600 on a business-by-business basis. This isn’t all direct funding, however, with…

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    Vodafone–Three merger cleared to proceed with commitment to invest heavily in UK 5G rollout

    The UK’s competition watchdog has cleared Vodafone’s proposed merger with Three. The Competition and Markets Authority (CMA) ruled that Vodafone’s merger with Three should be allowed to proceed if both companies sign binding commitment to invest millions to roll out a combined 5G network across the UK. After an 18-month long deliberation, the £16.5 billion merger will go ahead, constituting…

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    Companies Should Invest More in Tech

    A new report by the Tech Council of Australia concluded that Australia’s large, mid-sized, and start-up businesses must increase spending on technology adoption to contribute to an economy-wide push to grow overall tech investment levels and ensure the country does not fall behind the rest of the world. The report, published in November, argues that Australia should adopt a national…

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    American utilities firms need to invest now to feed AI energy demands

    AI is so energy hungry that American utilities companies must upgrade their capacity and networks to meet growing demand. That’s according to consultancy Bain & Company, which warned that demand for power could soon be outstripped by supply in the US, home to many of the biggest AI developers. The warning follows Amazon investing in a nuclear-powered data center and…

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