The increasing involvement of Middle Eastern sovereign wealth funds in Silicon Valley’s artificial intelligence (AI) sector marks a significant shift in global investment patterns. As nations like Saudi Arabia, the United Arab Emirates (UAE), Kuwait, and Qatar seek to diversify their economies away from a heavy reliance on oil, these funds have emerged as potent
Enterprise
Elon Musk, the influential CEO of Tesla, is embarking on an ambitious journey to reshape the technological landscape with the development of supercomputers designed to enhance artificial intelligence. Musk’s vision transcends traditional automotive boundaries; he articulates that Tesla should not merely be perceived as an automobile manufacturer but rather as a leader in AI and
In a remarkable development within the educational technology sector in India, Physics Wallah has successfully secured $210 million in funding, a pivotal move aimed at accelerating its expansion initiatives. This funding round, spearheaded by Hornbill Capital alongside investors such as Lightspeed Venture Partners, GSV, and WestBridge, has elevated the company’s valuation from $1.1 billion to
On Thursday, Alibaba made a significant impact in the artificial intelligence domain by releasing over 100 open-source AI models branded as Qwen 2.5. This initiative showcases Alibaba’s ambition to enhance its technological prowess and assert itself more vigorously in an increasingly competitive landscape. The Qwen models are versatile, with applications spanning various industries, such as
In a significant congressional hearing that unfolded on Capitol Hill, high-ranking officials from major technology firms, including Alphabet, Meta, and Microsoft, gathered to address concerns over external threats to election integrity. Notably absent from this critical discussion was Elon Musk’s X (formerly Twitter), a decision that has drawn sharp criticism. According to a representative from
The launch of the Apple Watch Series 10 represents a significant milestone for Apple, marking ten years since the original device hit the market. As with any new product rollout from the tech giant, there is much to unpack in terms of design, functionality, and user experience. Having had the opportunity to test the Series
In an important development for labor rights, hundreds of Amazon delivery drivers at a facility in Queens, New York, have made the decision to organize under the International Brotherhood of Teamsters. This action, announced on a Monday, signifies not only a deepening commitment among Amazon’s logistical workforce to seek union representation but also reflects the
Bitcoin mining continues to capture global attention, influenced by market fluctuations that evoke both optimism and apprehension among industry stakeholders. With the cryptocurrency registering a notable 12% increase over recent days and the hash rate attaining unprecedented highs, the environment for bitcoin miners is multifaceted, bearing both lucrative prospects and persistent difficulties. The past week
In recent discussions, Saudi Arabia has outlined an ambitious agenda, focusing on the enhancement of its artificial intelligence capabilities. The kingdom harbors optimistic projections regarding access to Nvidia’s high-performance chips, crucial for the development of advanced AI models. This accessibility, however, is entangled in the complex web of U.S. export controls, which have historically been
Oracle, the brainchild of Larry Ellison, has been making headlines as a Wall Street darling, defying the struggles faced by fellow legacy tech giants like Intel and Cisco in the rapidly evolving landscape of AI-driven technology. Following a robust earnings report, Oracle’s stock experienced an impressive surge, gaining 11% and closing at a record high