Samsung to use TSMC technology for Nvidia's next-generation memory chips: Report

Nvidia has asked Samsung, SK Hynix and Micron Technology to use TSMC's process for NVHBM base dies, and sixth-generation DRAM technology for its core dies, the newspaper said, citing industry sources.

from Tech-Economic Times
via IFTTT

Only 8% of fund managers report improved investment returns from AI adoption: Report

Despite growing adoption of artificial intelligence (AI) in the global asset management industry, only 8 per cent of fund managers have reported measurable improvements in investment returns, according to a joint research report by Morgan Stanley and Oliver Wyman.

from Tech-Economic Times
via IFTTT

Microsoft pulls out of UK data center deal with Nscale: Telegraph

The US tech giant, one of Nscale's two largest customers, recently terminated its agreement for the data center in Loughton, Essex, according to the report.

from Tech-Economic Times
via IFTTT

AI bubble burst may trigger 2008-like banking crisis, says Gary Marcus

In a recent discussion, Gary Marcus raised critical flags about OpenAI's fiscal responsibilities as the stock market faces instability. He warned that the demise of leading AI firms could trigger extensive financial repercussions. Notably, Marcus compared the current climate to WeWork's disastrous decline, suggesting that Microsoft might pick up OpenAI at a bargain.

from Tech-Economic Times
via IFTTT

‘Dad, the internet at home is too slow’: How Jio’s founding idea took shape

Isha Ambani's concerns regarding poor household internet sparked important conversations about India's digital landscape, leading to transformative innovations. In response, Mukesh Ambani pioneered Reliance Jio in 2011, aiming to enhance mobile connectivity across the nation. Its launch in September 2016 revolutionized the telecom sector by offering affordable data and complimentary voice services.

from Tech-Economic Times
via IFTTT

From shareholders to partners: How Google and Meta’s Jio investments evolved into an AI alliance

Meta and Google, originally minority shareholders in Jio Platforms, are now forming strategic partnerships with Reliance. The new collaborations focus on enterprise AI initiatives and dedicated cloud infrastructure in India. Meta's joint venture will leverage Llama models for developing AI platforms, while Google focuses on establishing cloud services. Both companies aim to enhance Reliance's capabilities in AI and cloud technology sectors.

from Tech-Economic Times
via IFTTT

From shareholders to partners: How Google and Meta’s Jio investments evolved into an AI alliance

Meta and Google, originally minority shareholders in Jio Platforms, are now forming strategic partnerships with Reliance. The new collaborations focus on enterprise AI initiatives and dedicated cloud infrastructure in India. Meta's joint venture will leverage Llama models for developing AI platforms, while Google focuses on establishing cloud services. Both companies aim to enhance Reliance's capabilities in AI and cloud technology sectors.

from Tech-Economic Times
via IFTTT