Elon Musk reportedly attempted to obstruct a landmark artificial intelligence partnership between OpenAI and the United Arab Emirates unless his own startup, xAI, was brought into the fold, according to people familiar with the matter cited byThe Wall Street Journal. The deal, announced on 22 May, involves a consortium of major American tech companies led…
Microsoft has scaled back its data centre expansion efforts across multiple regions, signalling a reassessment of its infrastructure investments amid evolving demand for artificial intelligence (AI) and cloud services. The technology giant has either delayed or withdrawn from projects in locations including the United Kingdom, Australia, Indonesia, and several sites in the United States, reported…
Mumbai: The Reserve Bank of India (RBI) on Wednesday lifted the restrictions on Kotak Mahindra Bank, allowing it to issue new credit cards and onboard new customers through its website and mobile app, nearly 10 months after an embargo was imposed on it. “Having satisfied itself based on the submissions, and remedial measures undertaken by…
With a whirlwind of news coming throughout the week, it can become hard to keep a track of all the important updates. In order to help keep the readers posted, we have compiled the Weekly Tech Recap, where we take a look at the 5 news stories that made waves in the world of technology….
One major announcement that Donald Trump made soon after assuming office as US president was of the country’s Stargate project. Backed by OpenAI, Oracle and SoftBank, among others, it aims to expand the artificial intelligence infrastructure in the US. The $500-billion project will start with $100 billion ploughed in, expected chiefly from Softbank. Also Read:…
SoftBank Group, OpenAI and Oracle have announced that they are forming a $500 billion joint venture in order to fund artificial intelligence infracture in the United States with a new joint venture dubbed ‘Stargate’. The announcement was made by OpenAI CEO Sam Altman, SoftBank CEO Masayoshi Son and Oracle Chairman Larry Ellison in the prescence…
