Perplexity could raise $1 billion at an $18 billion valuation
Reports indicate that AI search startup Perplexity is negotiating to raise up to $1 billion in funding, which could push its valuation to $18 billion.
Abu Dhabi invests $25 billion in the United States to meet energy needs
ADQ, based in Abu Dhabi, and Energy Capital Partners, the largest private owner of power generation and renewable energy assets in the United States, have announced a new partnership under the “ADQ Energy Alliance.” The partnership aims to deploy $25 billion in investments to build power generation facilities and the infrastructure required for energy-intensive industries, particularly data centers and hyperscale cloud companies.
Microsoft increases AI infrastructure investment in South Africa by $300 million (Update)
Microsoft has announced an injection of 5.4 billion rand, equivalent to $296.81 million, before the end of 2027 to develop artificial intelligence data centers and cloud services in South Africa, alongside ambitious plans to create training and employment opportunities in the region.
Salesforce slump highlights challenges of monetizing AI technologies
Salesforce is facing major challenges following a dismal annual outlook that raises questions about when artificial intelligence returns will materialize, as its shares fall and the rollout of its autonomous agent builder platform is delayed.
$500 million on the horizon: Will Saudi Arabia become a global AI hub?
The global corporate race in artificial intelligence is intensifying, and Salesforce is choosing Saudi Arabia as the stage for a massive investment. Cloud software leader Salesforce has announced its intention to invest $500 million in Saudi Arabia to develop artificial intelligence-driven solutions. This announcement comes amid a global race to attract investments in modern technologies, […]
France attracts massive AI investments worth €109 billion
French President Emmanuel Macron has revealed that France will announce €109 billion ($112.5 billion) in private sector investments in the artificial intelligence sector during the AI summit in Paris, which kicks off on Monday. According to Macron, these investments include plans by Canadian investment firm Brookfield to pump €20 billion into AI projects in France, […]
Infrastructure race: how is Meta fueling the global AI competition?
From Facebook to Llama 4, Meta is climbing at an astonishing pace in the world of generative technologies, putting billions of dollars on the line. Meta, the parent company of Facebook and Instagram, has announced its intention to spend between $60 billion and $65 billion this year to bolster its artificial intelligence infrastructure. This move […]
Massive U.S. AI investment reaching up to $500 billion
Major U.S. technology companies have announced an ambitious investment plan worth up to $500 billion to support the development of artificial intelligence by building advanced data centers that provide the necessary infrastructure for this fast-growing field. The plan includes an immediate investment of $100 billion, making it one of the largest tech initiatives in modern […]