AMD Lays Off 1,000 Employees to Accelerate AI Chip Development
AMD is reshaping its future with a bold shift towards AI chip development, laying off 1,000 staff to allocate resources effectively. With ambitious plans like the MI325X and soaring data center growth, AMD is taking on industry giant Nvidia in the high-stakes AI chip market.
HMC Capital Makes Strategic Move in Data Centre Market with $400 Million Acquisition
HMC Capital is making waves with its $400M acquisition of iseek, a leading co-location data centre platform. This move solidifies its DigiCo REIT portfolio and positions the company to rival Australia's data centre giants. Learn how HMC is driving innovation and growth in the digital infrastructure sector.
Chainlink’s AI & Blockchain Initiative: Transforming Financial Data Processing for FMI Leaders
Chainlink's latest initiative merges AI, blockchain, and oracle technology to tackle complex data challenges in finance. By partnering with top FMI providers like Swift and Euroclear, Chainlink aims to create a unified, real-time source for corporate actions data, promising enhanced efficiency, transparency, and cost savings for financial institutions worldwide.
Meta's Reality Labs Reports USD 4.4 Billion Loss in Q3 Amid AI Investments
Meta CEO Mark Zuckerberg is doubling down on AI and futuristic tech investments, pushing the company to redefine itself beyond its core advertising business. While this ambitious strategy fuels growth, it comes with high financial stakes. Learn how Meta plans to balance bold innovation with sustaining its primary revenue drivers.
OpenAI Appoints Chief Economist: Dr. Ronnie Chatterji to Lead AI’s Economic Transformation
OpenAI has named Dr. Ronnie Chatterji as its first Chief Economist, tasked with investigating AI’s influence on economic growth and labour markets. Dr. Chatterji’s appointment underscores OpenAI’s commitment to making AI a driving force for innovation and prosperity.