Projections by McKinsey suggest global investment in data centres will need to reach $6.7tn by 2030 to keep pace with the demand for computing power. “The under-investment in infrastructure we’ve seen ...

By the middle of 2024, only 8 per cent of enterprise companies had deployed over half of their generative AI pilots, according to a survey by Deloitte. “Part of the reason for that is you build a ...

Blackstone (NYSE:BX) president Jonathan Gray cautioned that investors are overlooking how artificial intelligence could render entire industries obsolete, saying the technology has become a central ...

Jonathan Gray says private capital group has put risks from the technology ‘top of our list’ when evaluating deals ...

Indeed, calculations by the FT suggests that ten lossmaking AI start-ups — such as OpenAI, Anthropic and Elon Musk’s xAI — ...

More than 18bn messages are sent to ChatGPT every week. OpenAI’s chatbot has been used by more than one in 10 people since ...

Reflection AI, a year-old start-up backed by Nvidia and Sequoia Capital, is on the verge of a funding round that will value ...

OpenAI and Anthropic are considering using investor funds to settle potential claims from multibillion-dollar lawsuits, as ...

Backed by investors that include venture capital firm Sequoia and AI company OpenAI, Harvey supplies more than 500 law firms ...

At this point, even the concept of an “AI bubble” seems to be a bubble. (In fact, Deutsche Bank analysts said last month that ...

But I can’t help feeling that AI is, nonetheless, killing some of the magic of life. Some people — certain interested parties ...

A strange twist is playing out in global markets. Gold is partying like it’s 1979, and stocks are partying like it’s 1999.