investment
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Blog
“Values drive value” – Salesforce Ventures is ramping up AI investment, and ethical development is a key focus
Salesforce Ventures has unveiled another $500 million AI investment fund, bringing its total funding for AI entrepreneurs to $1 billion – and the company has no plans to slow down support for innovators, according to a senior company figure. The expansion of the fund doubles down on its backing of high-growth companies operating in the AI industry. When it first…
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Microsoft signs off on $100 billion investment plan for data center development
Microsoft will partner with several investment companies to raise around $100 billion of capital for data center projects under a new ‘Global AI Infrastructure Investment Partnership’ (GAIIP). Supported by investment firms BlackRock, Global Infrastructure Partners (GIP), and MGX, Microsoft will work towards building and expanding on data center projects, including the energy infrastructure required to power them. Nvidia will also…
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OpenAI seeks $6.5 billion investment as costs continue to mount
OpenAI is seeking to raise $6.5 billion from investors with a further $5bn in credit from banks — valuing the AI startup at $150 billion. The Microsoft-backed AI startup hasn’t yet confirmed the investment. However the funding round is reportedly led by Thrive Capital and may include further investment from Microsoft, which has already invested $13bn in the company. The…
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AWS announces £8 billion UK investment in major expansion scheme
Amazon Web Services (AWS) has unveiled plans to invest £8 billion in the UK over the next five years as part of a major push to expand data center infrastructure across the country. The investment, which forms part of the company’s long-term commitment to the UK, is expected to create more than 14,000 jobs, with the majority supporting AWS’ data…
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Amazon’s $4 billion investment in Anthropic faces UK competition probe – here’s what it means
The UK’s competition watchdog is looking into Amazon’s $4 billion investment in AI firm Anthropic, saying it may refer the deal for further investigation. First unveiled by Amazon Web Services (AWS) in September 2023, the deal consisted of an initial $1.25 billion stake in the firm and was followed by an additional $2.7 billion, confirmed earlier this year. As part…
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