News
Taiwan's Delta Electronics warns costs rising as AI data centre demand surges
7+ hour, 59+ min ago (218+ words) TAIPEI, April 30 (Reuters) " Delta Electronics, a major provider of power supply and cooling solutions for AI "datacentres, warned that it expects costs "to rise in the coming quarters, with oil prices rising and ongoing material shortages. " It added that there…...
Google Cloud pulls ahead as Big Tech's AI bet swells to $700 billion
8+ hour, 12+ min ago (806+ words) By Aditya Soni and Deborah Mary Sophia April 30 (Reuters) " Alphabet's blowout cloud growth has reset expectations across major tech companies, leaving investors to recalibrate which firms are delivering the clearest returns. All four of the U. S. tech giants that reported results…...
Convicted former Harvard scientist rebuilds brain computer lab in China
11+ hour, 19+ min ago (1038+ words) SHENZHEN, April 30 (Reuters) " An American scientist convicted of lying to U. S. authorities about payments from China while he was at Harvard University has rebuilt his research lab in Shenzhen to pursue technology the Chinese government has identified as a national priority:…...
Exclusive-Prices of Nvidia's B300 server at $1 million in China on US curbs, sources say
11+ hour, 36+ min ago (589+ words) By Che Pan, Liam Mo and Laurie Chen BEIJING, April 30 (Reuters) " Strong demand for AI computing equipment in China has nearly doubled prices for Nvidia's B300 servers to about 7 million yuan ($1 million) each, industry sources said, as a crackdown on chip…...
Canadian AI startup Cohere buys Germany's Aleph Alpha to expand in Europe
6+ day, 12+ hour ago (387+ words) By Supantha Mukherjee and Linda Pasquini April 24 (Reuters) " Canadian AI firm Cohere agreed on Friday to buy German tech startup Aleph Alpha at an undisclosed price as it looks to increase sales to "government and business customers in highly regulated…...
Soft Bank plans to list AI and robotics firm Roze in US, FT reports
18+ hour, 40+ min ago (177+ words) April 30 (Reuters) " Japan's Soft Bank Group plans to create and list an AI and robotics company "called Roze in the "U. S. that will be involved in building data centres, the Financial Times reported on Thursday, citing people familiar with the "matter....
Samsung Electronics sees robust AI demand after Q1 profit surges eightfold to set record
18+ hour ago (408+ words) SEOUL, April 30 (Reuters) " Samsung Electronics on Thursday reported record quarterly profit after an eightfold jump in earnings, saying it expects the momentum to continue as clients spend aggressively on AI infrastructure and drive up "prices of its memory chips. A…...
Australia calls for stronger AI risk controls at financial firms
18+ hour, 12+ min ago (132+ words) April 30 (Reuters) " Australia's prudential watchdog warned on Thursday that many financial firms still lack "the technical knowledge needed "to effectively challenge AI-related risks, while calling for an overhaul in AI-related risk procedures. The regulator specifically flagged "frontier artificial intelligence models,…...
Linked In's AI hiring agents on track for $450 million in yearly revenue
20+ hour, 35+ min ago (259+ words) SAN FRANCISCO, April 29 (Reuters) " Linked In, the social network for professionals owned by Microsoft, on Wednesday said that its hiring products "using what is known as agentic AI "are on track to generate $450 million in sales in the coming year....
Elon Musk to return to witness stand in trial over Open AI's future
1+ day, 8+ hour ago (529+ words) By Deepa Seetharaman and Max A. Cherney OAKLAND, California, April 29 (Reuters) " Elon Musk is set to return to the witness stand on Wednesday in a high-stakes trial over a lawsuit he brought against Open AI, alleging the company ditched its mission…...