[ad_1] Cloud firms that rent out servers have been some of the early winners in the AI revolution. Some of the early winners in the AI boom are the cloud companies that rent out servers—primarily Amazon.com, Microsoft, and Alphabet. But investors have had to take the promise of these so-called hyperscalers somewhat on faith—the economic…
[ad_1] (Bloomberg) — Marvell Technology Inc. suffered the worst stock drop in more than two decades after its revenue forecast that fell short of the highest estimates, disappointing investors who were looking for a bigger payoff from the AI boom. Sales will be about $1.88 billion in the fiscal first quarter, which runs through April,…
[ad_1] In India, the AI industry is rapidly evolving, with several companies leveraging the technology for various applications, from healthcare and finance to retail and manufacturing. Nvidia, a leading AI chipmaker, has reported over 100% revenue growth for the June quarter, reaching a record $30 billion, with a 175% year-over-year increase in operating income. This…
[ad_1] Mr Pichai is not alone. New Street Research, a firm of analysts, estimates that Alphabet, Amazon, Meta and Microsoft will together splurge $104bn on building AI data centres this year. Add in spending by smaller tech firms and other industries and the total AI data-centre binge between 2023 and 2027 could reach $1.4trn. The…
