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.

Biotechnology company Chai Discovery has received nearly $30 million in investment from Thrive Capital and OpenAI within six months of its founding. The company focuses on the application of biotechnology in drug development, developing innovative technologies that can predict biochemical molecular structures and reprogram molecular interactions, aiming to transform biology into 'engineering.' Chai Discovery's goal is to accelerate and optimize the drug development process by enhancing drug molecule design through technologies such as artificial intelligence and machine learning.

SparkLabs has announced the completion of a $50 million new fund, the 'AIM AI Fund', aimed at supporting global AI startups and the AIM-X accelerator project in Saudi Arabia. The fund will invest in 50 to 70 AI companies, with approximately 35% allocated to accelerator participants and 65% for Series A and B projects. This new fund reflects the investment boom in the AI sector, particularly against the backdrop of the rise of generative AI, with emerging markets like Saudi Arabia showing potential. Through this fund, SparkLabs aims to invest globally.

According to a survey by ABBYY, 63% of IT leaders globally have significantly increased AI investments, averaging over $879,000, due to concerns about losing competitiveness from missing opportunities. Although costs are a major concern, almost all respondents plan to continue increasing AI spending in the coming year. Client pressure and risks from AI-generated misinformation were mentioned, but worries about employee misuse of AI became one of the biggest concerns. Small language models (SLMs) are favored by 93% of decision-makers due to their high accuracy. Despite most companies (91%) expressing...

Fetch.ai announces the establishment of an innovation laboratory aimed at advancing the development of AI smart agent solutions to enhance technological value for businesses and consumers. The laboratory will provide funding, expert guidance, and strategic support, organize competitions, and offer rapid development opportunities to foster innovation. Fetch.ai commits to investing $10 million annually to support projects focused on building AI smart agents. Additionally, Fetch.ai has launched the 'Innovation Ambassador Club' and 'Intern Incubator Program' to promote innovation within the ecosystem and support talent.

Deloitte's latest report reveals that approximately two-thirds of companies are increasing their investment in Generative AI, mainly valuing its potential for enhancing efficiency and productivity. However, most projects are still in pilot or proof-of-concept stages, and only 38% of companies track changes in employee productivity. While 54% of businesses hope to improve efficiency with AI, actual feedback is lacking. The report points out that, despite only 30% of Generative AI experiments fully moving into production, companies are beginning to focus on using AI to drive innovation and improve product quality.

The main content of the article is summarized as follows: As a focus of investor attention, artificial intelligence (AI) technology is expected to be a game changer. Despite a historically conservative attitude towards tech stocks, Berkshire Hathaway, led by Buffett, has allocated 29% of its public equity investments to Apple Inc. Apple's 'Apple Intelligence' initiative aims to leverage AI to enhance the practicality of hardware devices, including an upgraded Siri, enhanced writing tools, and image generation capabilities.

AI academic search engine Consensus has completed a $11.5 million Series A funding round led by Union Square Ventures, aiming to accelerate academic search efficiency. It has a database of over 200 million papers covering all fields of science and academia, supporting various search methods, including keywords, conceptual associations, and Q&A. It uses custom language models to re-rank search results, providing the top 20 most relevant entries. It integrates features like citation generation and supports integration with tools like Zotero, catering to students and researchers.

Elon Musk's AI assistant, Grok, has just launched an image generation feature that allows users to create explicit images of figures like Trump, sparking controversy. This feature was developed by Black Forest Labs, a company that recently secured $31 million in investment, including from Andreessen Horowitz. The FLUX.1 AI model, developed by Black Forest Labs, outperforms both Midjourney and OpenAI products in quality. However, this freedom of creation...

A survey by Google Cloud and the National Research Group highlights the significant impact of generative AI on enterprise ROI. Among global companies surveyed, 61% adopted generative AI, with 74% achieving returns within a year and 86% reporting revenue growth exceeding 6%. AI is seen as a key driver of business growth, particularly in customer service, productivity enhancement, and process optimization, leading to a 45% overall productivity incr....

With the rapid development of artificial intelligence (AI), the increase in electricity demand has attracted a massive influx of investors into utility stocks. In May and June of this year, U.S. utility funds attracted over $1.7 billion in inflows, marking the highest record in nearly two years. An additional $1.1 billion inflow is expected in July, primarily into the Utilities Select Sector SPDR (XLU) exchange-traded fund. Investors are turning their attention to utility stocks in search of AI investment opportunities that can outperform 'Big Tech' stocks in a strong bull market.

The Brazilian government has announced a total of 23 billion reais (approximately $4 billion) AI development plan aimed at promoting the AI field over the next five years, with the goal of achieving national autonomy and competitiveness in technology. The plan focuses on sustainable and socially oriented technologies in areas such as public health, agriculture, environment, business, and education, emphasizing that AI will not only improve service quality but also serve as a tool for job and income creation. Of the planned budget, 14 billion reais will be allocated for business innovation, over 5 billion reais for AI infrastructure and technology development, with the remaining funds...

The UAE government intervened to cancel a meeting between US congressional staff and local AI company G42, amid growing concerns among US lawmakers about potential technology transfers to China. The cancellation, prompted by the UAE ambassador to the US, has raised doubts about the US Congress's plans to meet with UAE officials regarding China issues. Congress is particularly concerned about G42's $1.5 billion investment with Microsoft, fearing s....

Visual China announced a strategic investment in CG Model Network, aiming to jointly explore new fields in the visual content industry in the era of artificial intelligence. This move not only deepens Visual China's layout in the 3D content sector but also signals new opportunities for the domestic 3D content trading market. CG Model Network has a large community of 3D model creators and rich content resources. After partnering with Visual China, it will provide customers with a full range of 'one-stop' solutions, enhancing coverage across multiple industries and enriching Visual China's content ecosystem. The collaboration will promote 3D content in media and advertising.

Tesla CEO Elon Musk has proposed seeking board approval to invest $5 billion in his artificial intelligence startup, xAI. This move may heighten the conflicts of interest between Musk's companies, including SpaceX and Neuralink, which develops brain-computer interfaces. Tesla is transforming into a robotics and AI company, planning to establish a fleet of autonomous 'robotaxis' and humanoid robots powered by this technology. xAI has raised $6 billion and is valued at $18 billion, aiming to catch up with OpenAI and Anthropic.

It has been reported that Alphabet plans to invest an additional $5 billion into its autonomous driving subsidiary, Waymo, over the coming years. This significant announcement was made by Ruth Porat, Alphabet's Chief Financial Officer, during the company's second-quarter earnings call. Porat stated that this "multi-year investment" will align with the investment levels of recent years, aiming to support Waymo's efforts to solidify its position as a global leader in autonomous driving technology.

Recently, as reported by The Information, the prominent generative AI application giant OpenAI is in talks with several chip design companies, including Broadcom. The focus of these discussions is the development of new AI chips. OpenAI is exploring the possibility of manufacturing its own AI chips, a move that could not only achieve efficient integration of software and hardware but also alleviate the current shortage of AI chips.Image source note: Image generated by AI, licensed service provid

Anthropic has recently announced a partnership with venture capital firm Menlo Ventures to establish the Anthology Fund, a fund with a total of $100 million aimed at supporting the next generation of AI startups. According to the plan, each eligible startup can receive at least $100,000 in investment, along with additional support and resources provided by Anthropic and Menlo Ventures.In a statement, Anthropic's president, Daniela Amodei, pointed out: "Through our collaboration with Menlo Ventur