Tongyi AI, a subsidiary of Alibaba, publicly clarified recent marketing investment data for AI products that was circulated online. Previously, it was reported that multiple AI products had advertising expenditures reaching the hundred million level in the third quarter, which attracted significant attention, particularly regarding specific figures related to Tongyi Qianwen. According to Tongyi AI's official response, the rumored figures of 4.5 million investment for Tongyi Qianwen in Q3 and 900,000 in the first 20 days of October are severely inconsistent with the actual situation. The official statement clearly indicated that the actual investment is far lower than the rumored figures, but did not disclose the real investment amount.

During the recent earnings report, Meta CEO Mark Zuckerberg stated that the company's investment in artificial intelligence (AI) is showing 'strong momentum.' Despite Meta's quarterly revenue and profit exceeding Wall Street's expectations, Zuckerberg anticipates that the company's AI spending will increase further next year. Although Meta's stock has risen over 70% in 2024, reaching a new high, the stock price fell about 3% in after-hours trading following the earnings report.

At the Future Investment Initiative held in Saudi Arabia, SoftBank's founder and CEO Masayoshi Son predicted that within the next decade, we will see the emergence of a super artificial intelligence that is ten thousand times smarter than the human brain. However, he also stated that achieving this technology will require significant financial investment. Note: Image generated by AI, licensed from Midjourney. Masayoshi Son mentioned that creating such a super AI would require approximately 400GW of computing center power, a figure that exceeds the current total power supply of the United States.

Recently, Grammarly, a trusted AI assistant, announced the launch of a suite of new features to help businesses measure the effectiveness of communication and its impact on employee productivity and key business metrics. First, Grammarly introduced the industry's first 'Effective Communication Score', which allows corporate clients to track and assess the health of their communications. This score focuses on several key metrics, including communication accuracy, efficiency and clarity, brand compliance, and inclusive language.

In today's rapidly advancing era of artificial intelligence (AI), major enterprises are working tirelessly to apply AI technology in production environments in hopes of achieving higher returns on investment. However, despite the availability of various advanced AI models in the market, teams still face numerous challenges during deployment. According to Peter Bendor-Samuel, the CEO of Everest Group, 90% of generative AI pilot projects will struggle to enter the production phase. Additionally, Gartner predicts that by 20

DataBank, a data center developer based in the United States, has successfully raised nearly AUD 3 billion (approximately USD 2.01 billion) to build three new data center facilities in the United States. The lead investor in this round of financing is AustralianSuper, the largest superannuation fund in Australia. Image source note: Photo generated by AI, image licensed by Midjourney. AustralianSuper stated on Wednesday that it has invested in DataBank's financing plan.

Recently, the U.S. Secret Service quietly ventured into the field of artificial intelligence, spending over $50,000 on cloud services from Microsoft Azure and OpenAI. This move has drawn significant attention, but the Secret Service has remained silent, not revealing specific purposes or plans for the usage. This information was disclosed through documents obtained by the media, highlighting the Secret Service's growing interest in AI technology. Image source note: The image was generated by AI, with licensing provided by Midjourney.

Recently, Amazon's $4 billion investment plan with AI startup Anthropic has finally been approved by the UK's Competition and Markets Authority (CMA). This decision has brought relief to many, as the CMA concluded that the transaction did not significantly impact market competition and therefore did not require further investigation. According to the CMA's report, Anthropic's revenue in the UK is below the threshold for merger scrutiny, and its market share is not significant enough to warrant additional attention.

Recently, a former CEO of an Australian startup was charged by the U.S. Department of Justice and the Securities and Exchange Commission for allegedly using false financial records to scam investors, raising up to $40 million. The 41-year-old man, Baba Nadimpalli, is the co-founder and former CEO of Skael. Founded in 2016, Skael claimed to replace human labor with 'digital workers' to streamline workflows and enhance efficiency. However, the situation is...

In this year's stock market, Meta, the parent company of Facebook, has stood out significantly, particularly among the so-called 'Big Seven' stocks. Except for Nvidia, Meta's performance is especially remarkable. Recently, Meta's stock price continued to rise during Monday's trading session, mainly due to a top Wall Street analyst raising their price target for the stock. Meta (Ticker: META) reached new highs in today's trading, reflecting overall strong market performance, and its market cap has increased this year.

In the face of an unclear global economic situation, CEOs in Australia and around the world are increasingly enthusiastic about investing in generative artificial intelligence (Gen AI). This is the result of KPMG International's annual CEO outlook survey. According to the survey, 58% of Australian CEOs and 64% of global CEOs believe that generative AI is an important area for investment. The report also indicates that despite economic challenges, CEOs are optimistic about the future growth of their companies.

In today's rapidly advancing world of artificial intelligence (AI) technology, Microsoft and BlackRock have taken a significant step forward. The two giants announced the joint launch of a fund exceeding $30 billion, focusing on AI infrastructure investment, primarily covering data centers and energy projects. This major announcement was made on Tuesday and immediately generated a tremendous response in the global tech and finance circles. With the continuous advancement of AI technology, particularly the widespread application of deep learning and large-scale data processing models, the demand for computing power has shown explosive growth.

Amazon's cloud computing division - Amazon Web Services (AWS) recently announced that they will invest $10 billion over the next five years to build, operate, and maintain data centers in the UK. Image source note: The image is AI generated and authorized by the provider Midjourney. This decision marks Amazon's further expansion in the UK, where the company established its first AWS region back in 2016, which includes centralized data centers. Additionally, AWS has three availability zones and two Waves in the UK.

Recently, reports have emerged that the UAE's sovereign investment company MGX is considering participating in a multi-billion dollar financing round for OpenAI. According to The Wall Street Journal, MGX has not yet determined the specific amount of its investment, while OpenAI is seeking to raise $6.5 billion and increase the company's valuation to $150 billion. This financing plan has the support of venture capital firm Thrive Capital, and Microsoft may also be involved, given its engagement since 2019.