ByteDance Ltd. is a Chinese internet technology company founded in 2012, with its headquarters in Haidian, Beijing. It is the parent company of the popular video-sharing app TikTok. According to reports, ByteDance has announced plans to invest $2.13 billion USD to set up an Artificial Intelligence (AI) hub in Malaysia. This investment will be used…
Nvidia: $3 Trillion Market Cap
Nvidia Corporation, the American multinational technology company, achieved a market capitalization of $3.012 trillion USD after its stock rose to $1,224.40 at the end of the day on Wednesday, June 5, 2024, making it the second most valuable company in the world. This is a result of the surge in the Artificial Intelligence space. Nvidia…
Cisco: $1 Billion AI Investment
Cisco Systems, Inc. also known as Cisco is a multinational technology company that designs, manufactures, and sells networking hardware, software, and services. It was founded in 1984 and is headquartered in California, USA. According to reports, Cisco has announced plans to invest $1 billion USD in an AI investment fund. This investment fund will be…
Microsoft: $3.2 Billion Investment In Sweden
Microsoft has announced plans to invest $3.2 billion USD in Sweden to improve its cloud and Artificial Intelligence infrastructure over the next 2 years. This investment deal will provide 20,000 sophisticated graphics processing units to Sandviken, Gävle, and Staffanstorp data centers and will train 250,000 Swedes in AI capabilities by 2027. The report further mentions…
Microsoft: $4.3 Billion AI & Cloud Investment
Microsoft has announced plans to invest $4.3 billion USD in France to boost its artificial intelligence and cloud computing sector in the country. The investment deal is expected to be completed by 2027 and will involve the deployment of 25,000 of the most advanced graphics processing units (GPUs) by the end of 2025, as well…
Meta Launches AI Chatbot Across Platforms
Meta, the parent company of Facebook, Instagram, Threads, and WhatsApp, has announced the launch of its new AI chatbot called Meta AI powered by Llama 3, now running on the search bar of its major platforms. It is also accessible via a standalone website at Meta.ai. According to reports, Meta AI has been available in…
Microsoft: $2.9 Billion AI Investment in Japan
Microsoft, the multinational technology company, has announced plans to invest $2.9 billion USD in cloud computing and AI infrastructure in Japan over the next 2 years. This investment plan is aimed at improving Japan’s economy and technological advancement as Microsoft will open its first Research Asia lab in Japan and train about 3 million people…
South Korea: $7 Billion AI & Semiconductor Investment
South Korea, officially the Republic of Korea, is a country in the southern part of the Korean peninsula, in the northeast region of Asia. It has a population of over 51 million residents as of 2023. According to reports, the government of South Korea has announced plans to invest $6.94 billion USD into Artificial Intelligence…
Nvidia: New B200 Blackwell AI Chip
Nvidia, the software and fabless design multinational technology company has announced its latest artificial intelligent chip. This new chip named B200 Blackwell, is reportedly 30 times faster than any prior release, as revealed by the company’s Chief Executive Officer, Jensen Huang. The report also mentions the unveiling of several chips that will be used for…
TSMC To Build Chip Factory In Japan
Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a multinational semiconductor manufacturing and design company that is used by Apple, Qualcomm, Huawei, Intel, AMD, and Nvidia for a series of chips. The company was founded in 1987, with its headquarters in Hsinchu Science Park, Taiwan. It is regarded as one of the largest semiconductor companies in…