Swisscom, known for its seamless integration of Swiss precision and innovation, has taken a leap into the realm of artificial intelligence with the launch of its Swiss AI Platform. This modular platform promises to be a one-stop solution for all AI needs, blending the renowned reliability of Swiss infrastructure with cutting-edge technology from Nvidia.
Softbank, the Japanese telecommunications giant, is gearing up to bolster its supercomputing capabilities in a bid to support its ambitious generative AI (GenAI) strategy. As reported by Nikkei, Softbank plans to allocate JPY150 billion ($960 million) over the next two years towards upgrading its computing infrastructure, a significant leap from the JPY20 billion invested last year.
Microsoft embarks on an ambitious project, unveiling Microsoft AI London – a hub focused on advancing AI research and development. Helmed by AI scientist Jordan Hoffman, the hub will concentrate on building innovative language models and key infrastructure. Further enriching the UK’s AI ecosystem, the project aligns with Microsoft’s substantial investment strategy advancing the UK workforce towards the AI era.
Injecting fresh vigor into the national establishment for data science and AI, UK’s Chancellor commits £100 million in funding to The Alan Turing Institute. This allocation, targeting environment, health, defence, and national security, underlines UK’s ambitious stride towards global AI leadership.
In a strategic move aimed at bolstering its standing in the realm of artificial intelligence (AI), Swiss telecommunications giant Swisscom has entered into a partnership with Nvidia. The collaboration, unveiled at the AI House Davos during the World Economic Forum, involves the creation of generative AI full-stack supercomputers utilizing Nvidia accelerators and AI software in Switzerland and Italy.
In a recent development reported by Reuters, Hewlett Packard Enterprise (HPE) is reportedly in the final stages of negotiations to acquire Juniper Networks, with the potential deal valued at $13 billion. The completion of the deal is anticipated as early as this week, marking a significant move for HPE into the burgeoning artificial intelligence (AI) market.
In a decisive move towards advancing its digital agenda, the European Union (EU) has earmarked a substantial €763 million for the Digital Europe Programme. The lion’s share of nearly €549 million will fortify ongoing projects and multi-country initiatives aligning with the Digital Decade targets. These targets, a roadmap for Member States, aim to accelerate digital transformation by 2030.
IDC predicts a promising future for the semiconductor industry, driven by AI advancements and a stock level recovery. With a refreshed outlook signaling sustainable growth, the firm anticipates global chip revenue of $526.5 billion in 2023. Progress can be seen in the revised revenue forecast for 2024, hinting at a 20.2% year-on-year growth to $633 billion.
Telefonica embarks on a bold plan to revitalize its cash flow and revenues. In a strategy termed ‘GPS’, it plans to amplify free cash flow generation, while also targeting significant growth in various sectors like retail and digital services. Interestingly, the plan marries stringent financial targets with the crucial aspect of digital transformation – an ambitious endeavor that could redefine the company’s standing moving forward.
The UK has spurred a global AI commitment, aptly named ‘The Bletchley Declaration,’ inviting international participants to coordinate efforts to transform AI into a force for societal good. This shared endeavor, decided during the UK-led AI Safety Summit, represents a crossroad for the world: fruitful scientific accomplishment or potential disaster if poorly managed. The declaration sets the stage for practical actions, yet, the exact plan of action remains uncertain. In light of global climate initiatives, questions arise on the effectiveness of this AI initiative. Will technological advancements in AI hold the answers to crucial global issues? Only time will tell.
