Tag: AI

Europeans move to supercharge AI capability, ease regulation

Posted on   |  by James Riley
The European Union will spend €200 billion (A$366 billion) supercharging its AI development and deployment capabilities, investing in a new generation of AI data centres and relaxing AI regulation....

Taking charge of our digital destiny with sovereign AI

Posted on   |  by Michael Gately
Imagine a future where Australia stands alongside other leaders in artificial intelligence, helping to shape the technology that’s changing our world. A future where we can use AI solutions...

Andreessen Horowitz to raise $33.5 billion AI megafund

Posted on   |  by Krystal Hu, Anna Tong and Kenrick Cai
Venture capital firm Andreessen Horowitz is seeking to raise about US$20 billion ($33.5 billion) in what will be the largest fund in its history, to capitalise on global investors’...

White House orders expansion in US government use of AI

Posted on   |  by James Riley
Donald Trump’s Executive Office has ordered federal agencies to name a chief AI officer, develop strategies for expanding their use of artificial intelligence, and to make the purchase of...

OpenAI closes $64bn funding round to boost AI efforts

Posted on   |  by Jaspreet Singh and Harshita Mary Varghese
OpenAI said on Monday it would raise US$40 billion (A$64 billion) in a new funding round led by SoftBank Group at a US$300 billion valuation to advance AI research,...

CommBank heads offshore in search of AI leadership

Posted on   |  by David McClure
The Commonwealth Bank is heading offshore to get closer to the world leading technology developments – particularly in artificial intelligence – unveiling plans for a dedicated tech hub in...

A Budget with ‘no clear ambition’ on AI: Industry reactions

Posted on   |  by Justin Hendry
Australia’s tech sector has reacted with disappointment to Treasurer Jim Chalmers’ fourth Budget, saying with the absence of significant new investment in artificial intelligence and the digital economy, the...