investment
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Public sector improvements, infrastructure investment, and AI pothole repairs: Tech industry welcomes UK’s “ambitious” AI action plan
The UK government has officially unveiled its AI Opportunity Action Plan, promising a greater focus on the opportunities of the burgeoning technology rather than the risks. Under the new industry focus, the Labour government plans to implement all 50 recommendations set out by Matt Clifford in his AI Opportunities Action Plan, commissioned by technology secretary Peter Kyle last year. Announcing…
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AWS eyes ‘flexible’ data center expansion with $11bn Georgia investment
AWS has announced its latest round of infrastructure investment focused in the US, pledging $11 billion for data centers in the state of Georgia. The news follows a similar announcement of $10bn in funding for data centers in Ohio at the end of last year, and comes days after Microsoft said it will spend half of an $80bn tranche of…
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Want a return on your AI investment? Open source could be the key to success
Almost half of companies have seen a return on investment (ROI) on their AI strategy, according to new research, and those using open source tools are more likely to see a positive result. In a recent survey from IBM and Morning Consult, the vast majority (89%) said their organization plans to increase or maintain their AI investments in 2025, a…
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2024 was the year where AI finally started returning on investment
It’s been a whirlwind two years in the generative AI race. Since ChatGPT launched in November 2022, we’ve gone from concerns over sentient world-killing AI supervillains to tempered expectations on what enterprises can actually gain from the technology. While there’s obviously great potential in generative AI from a business perspective – be it cost savings, improvements to operational efficiency, and…
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AWS expands Ohio investment by $10 billion in major AI, cloud push
AWS has announced plans to invest an additional $10 billion in Ohio in a bid to expand data center infrastructure and help power the rise of AI. The investment builds on previous announcements of funding in the state worth $7.8 billion last year, in addition to $6 billion in 2022, AWS said in a statement. By 2030, AWS said its…
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GPU cloud startup Vultr secures AMD backing in $333 million investment round
Cloud infrastructure company Vultr has raised $333 million in funding as part of an investment round that values the firm at $3.5 billion. Founded in 2014 by David Aninowsky and self-funded until now, Vultr operates a global, full-stack AI infrastructure and cloud computing platform with 32 cloud data center regions around the world. Led by LuminArx Capital Management and AMD…
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Australia Unveils National AI Plan to Boost Investment and Capabilities
Australia has announced plans to develop a national AI strategy to strengthen its AI capabilities and attract investment, aiming to unlock the economic productivity potential of these technologies. The strategy will focus on building AI skills, sovereign capabilities, and infrastructure, positioning Australia to seize the $600 billion boost to GDP that the government expects AI will deliver by 2030. Set…
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CMA gives Google’s $2B Anthropic investment the green light
It took the UK’s Competition and Markets Authority (CMA) less than a month to decide that there is no need to proceed further with a merger investigation after Google’s purchase of a $2 billion stake in Anthropic. In a statement released on Oct. 24, the CMA indicated that it had obtained “sufficient information” to launch a preliminary investigation into the…
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Business leaders face green ‘investment paralysis’ as concerns clash with climate targets
Business leaders in the UK are anxious about sustainability, with efforts to go green hampered by a lack of sustainable investment. That’s according to research from BT, with three-quarters (72%) of surveyed business leaders saying they feel stress over sustainability targets. With the UK government pushing towards climate targets — including an 81% reduction in emissions compared to 1990 levels…
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US finalizes curbs on investment in AI and critical technology in China – Computerworld
“Companies might also need to reassess their strategic priorities, which may lead to an unnecessary increase in innovation costs,” said Charlie Dai, VP and principal analyst at Forrester. “On the other hand, regulatory concerns will force enterprises outside the US to further prioritize localization strategies to achieve self-sufficiency in critical areas, potentially leading to increasingly isolated innovation ecosystems.” The new…
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