invests
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Meta invests $14 billion in Scale to catch up in the AI race
Meta is paying $14.3 billion to acquire 49 percent of Scale AI and hire its CEO, Alexandr Wang, to revamp its troubled AI efforts. As part of the deal, Wang will report directly to Meta CEO Mark Zuckerberg and remain on Scale’s board of directors, both companies announced on Thursday. Sources say Wang will lead a new AI lab at…
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Microsoft invests $400 million to expand Swiss data centers
Microsoft has announced plans to invest $400 million in Swiss data centers to expand its cloud and AI infrastructure in the region. The move comes alongside data sovereignty moves — keeping European data in Europe — which has driven billions in Microsoft investment in data centers in the region. Earlier this year, Microsoft said its EU Data Boundary for the…
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European cloud group invests to create what it dubs “Trump-proof cloud services”
But analysts have questioned whether the Microsoft move truly addresses those European business concerns. Phil Brunkard, executive counselor at Info-Tech Research Group UK, said, commenting on last month’s announcement of the EU Data Boundary for the Microsoft Cloud, “Microsoft says that customer data will remain stored and processed in the EU and EFTA, but doesn’t guarantee true data sovereignty.” And…
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EU Invests €1.3 Billion to Boost AI Adoption & Improve ‘Digital Competencies’
Image: seventyfourimages/Envato Elements The EU is pouring €1.3 billion ($1.4 billion) over the next two years to accelerate the adoption of artificial intelligence technologies. The funding will support the development and testing of “immersive environments” to apply in healthcare for purposes like training and virtual patient assessments. The investment will also support the implementation of the AI Act, which ensures…
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Microsoft invests $700 million to ramp up cybersecurity, infrastructure in Poland
Microsoft is planning to invest $700 million in Poland to expand its hyperscale cloud and AI infrastructure and help improve national cybersecurity. The company said it will partner with Polish National Defense to establish a new cybersecurity framework, including joint work on AI and the use of technologies such as quantum computing. It said it also hopes to accelerate the…
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