Artificial intelligence represents a transformative technology that is currently reshaping the dynamics of daily life and labour across the globe. Yet AI can also precipitate a market meltdown, a recession – or both. Timing is paramount. Capital is flooding into Read More …
Taiwan’s Foxconn, the largest contract electronics manufacturer globally, announced on Wednesday a 35 percent increase in second-quarter profit, surpassing analyst expectations, attributed to sustained robust demand for AI, which it anticipates will propel growth throughout the year. Net profit Read More …
BlackRock Inc. has entered into an agreement with organised labour aimed at mobilising construction workers for upcoming data centers and energy projects. This initiative represents a continued effort by major investors to highlight the jobs generated, rather than those displaced, Read More …
Samsung Electronics on Thursday reported a profit increase in its chip division exceeding 250 times and revealed multi-year supply agreements with prominent data center operators. The company anticipates that global chip shortages will intensify and persist until 2028. The optimistic Read More …
Microsoft’s cloud unit, Azure, experienced its most rapid growth in four years, with an accelerating pace indicating that the company’s AI and computing services are gaining traction among customers. Azure cloud revenue increased by 43 percent in the fiscal fourth Read More …
Oracle Corp. has decreased its workforce by 21,000 employees over the last year, a figure that surpasses earlier estimates, encompassing individuals whose positions were rendered obsolete due to the implementation of artificial intelligence. “The adoption and deployment of AI technologies Read More …
Plans for blockbuster initial public offerings by AI companies are capturing the attention of Wall Street. Anthropic on Monday made a significant move towards its initial public offering. Rival OpenAI is anticipated to submit its application for an initial public Read More …
