ShengShu Raises $293 Million for AGI and Multimodal AI Technology Development
Chinese startup ShengShu Technology has announced the successful raising of 2 billion yuan (approximately 293 million USD) in a new…
AI development
BlackRock CEO: Demand for Skilled Trades is Rising Amid AI Development
BlackRock CEO Larry Fink emphasized the importance of developing skilled trades in the modern era of artificial intelligence. According to…
High Energy Prices and the US-Iran Conflict Hinder AI Development
High energy prices caused by the conflict between the US and Iran are creating new challenges for the development of…
Core Scientific Secures Up to $1 Billion Loan from Morgan Stanley for AI Development
Core Scientific has announced the acquisition of a credit line from Morgan Stanley amounting to up to $1 billion. The…
OpenAI’s Revenue Exceeded $20 Billion in 2025 Due to Infrastructure Growth
In 2025, OpenAI achieved record revenue exceeding $20 billion, marking a significant leap compared to previous years and indicating the…
Bitfarms Abandons Bitcoin Mining and Shifts to Artificial Intelligence
Bitfarms, a company that specialized in Bitcoin mining, has decided to gradually scale down its operations in this area and…
Anthropic Invests $50 Billion in Data Centers for AI Development in the USA
Anthropic, the developer of artificial intelligence and Claude models, has announced ambitious plans to build its own data centers in…
AWS and OpenAI Sign Seven-Year $38 Billion Agreement to Scale Artificial Intelligence
Amazon Web Services (AWS) and OpenAI have signed a strategic seven-year agreement worth $38 billion. The collaboration aims to significantly…
Huawei announces three-year plan for the development of Ascend chips to compete with Nvidia
Huawei has unveiled a detailed three-year strategy aimed at strengthening its position in the field of artificial intelligence and competing…
Oracle Negotiates with Meta for $20 Billion Cloud Deal to Develop AI
Oracle may enter into a large-scale multi-year agreement worth $20 billion with Meta, which involves providing cloud computing resources for…