Itochu said on Friday it signed a long-term power supply agreement with Google to help the search engine company achieve its renewable energy goals in Japan.
Microsoft President Brad Smith said the tech company’s high profile deal with the United Arab Emirates-backed AI firm G42 could eventually involve the transfer of sophisticated chips and tools - a move that a senior Republican congressman warned could have national security implications.
Snowflake on Wednesday forecast second-quarter product revenue above Wall Street estimates and raised its expectations for the year, on strong demand for its cloud-based services amid a surge in use of generative artificial intelligence.
Microsoft said on Thursday it plans to offer its cloud computing customers a platform of AMD artificial intelligence chips that will compete with components made by Nvidia, with details to be given at its Build developer conference next week.
Britain’s Sainsbury’s said on Friday it has agreed a five-year strategic partnership with Microsoft that will use the technology company’s artificial intelligence capabilities and the supermarket group’s rich data.
Explore how AI is revolutionizing supply chain management for top-performing organizations, driving efficiency and competitive advantage through advanced forecasting and decision-making strategies.
The use of artificial intelligence in finance is still in its infancy but it needs to be monitored and possibly regulated to prevent harm to consumers and ensure the proper functioning of markets, the European Central Bank said on Wednesday.
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