Meta to Invest $10 Billion for New Data Center
On Wednesday, December 4, Meta announced plans to invest $10 billion to set up an artificial intelligence data center in Louisiana.
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Citigroup Rolls Out AI Tools for Employees
Citigroup on Wednesday, December 4, began the process of rolling out new artificial intelligence tools for its employees.
MCB Bank & BPC to Enhance Security With AI-Driven SmartVista Solution
SmartVista Fraud Risk Management solution will safeguard MCB Bank financial transactions with advanced AI fraud detection capabilities, real-time transaction monitoring, behavioural profiling, and machine learning-based risk assessment.
Mesolitica Develops LLM for Malaysian GenAI Assistants on AWS
Mesolitica, a Malaysian startup focused on developing large language models (LLMs), has created a generative AI LLM designed for the Malaysian language, leveraging one of the world’s leading cloud platforms – AWS.
Stackfix Raises $3 Million
The startup Stackfix, which was founded by pioneers in the area of artificial intelligence, raised $3 million in seed funding.
Amazon Presents New Slate of AI Models
Amazon has announced a new slate of artificial intelligence platforms, known as foundation models, which, among other things, allow users to generate text materials, images, and videos.
Baidu to Test Robotaxi Service in Hong Kong
Baidu has secured approval to test its Apollo Go robotaxi service in Hong Kong, extending its autonomous vehicle operations beyond mainland China.
How Online Payment Trends Affect Holiday Shopping
Holiday shopping patterns continuously change reflecting macroeconomic realities, consumer behaviour shifts, and the constant evolution of payment methods. As the season of joy is approaching, we cannot help but wonder what changes current online payment trends have brought to the holiday shopping routine.
Argil Raises $5.2 Million
Argil has closed a seed round supporting its virtual platform powered by artificial intelligence, which helps businesses, educators, and creators to produce videos.
Mistral AI Reportedly Eyes US Expansion
The media reports that currently the French startup Mistral AI, which operates in the artificial intelligence industry, is stepping up its expansion efforts in the United States to compete with technology giants based in Silicon Valley.
SoftBank Reportedly Seeks to Buy $1.5 Billion OpenAI Shares
The media, citing insiders, reported that SoftBank Group Corp. seeks to increase its stake in OpenAI by acquiring shares worth up to $1.5 billion from employees of this startup.
AWS Projects Cloud & AI to Contribute $12T to Global GDP
Amazon Web Services (AWS) estimates that cloud computing and the adoption of artificial intelligence (AI) will tremendously affect global economies, unlocking multi-trillion GDP growth opportunities.
Orange Partners With OpenAI and Meta
French telecommunications giant Orange announced on Tuesday, November 26, that it is collaborating with OpenAI and Meta to develop custom artificial intelligence models designed to better understand regional African languages.
Pyramid Analytics Secures $50 Million
Pyramid Analytics, an artificial intelligence business analytics company, announced last Monday, November 25, that it had raised $50 million in new funding from BlackRock, the world’s largest asset manager.
WEX Launches AI-Powered Enhancements to Benefits Admin Tool
Commerce platform WEX has launched new artificial intelligence enhancements to its benefits administration offering.
Boosted.ai Raises $15 Million
Boosted.ai raised $15 million worth of investment funds for its generative artificial intelligence tool for investment managers.
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