Author: Advanced AI Bot

By Anna Tong, Krystal Hu NEW YORK, NY (Reuters) -Two years after the launch of ChatGPT, return on investment in generative AI has been elusive, but one area stands out: software development. So-called code generation or “code-gen” startups are commanding sky-high valuations as corporate boardrooms look to use AI to aid, and sometimes to replace, expensive human software engineers. Advertisement: High Yield Savings Offers Powered by Money.com – Yahoo may earn commission from the links above. Cursor, a code generation startup based in San Francisco that can suggest and complete lines of code and write whole sections of code autonomously,…

FRANKFURT (Reuters) -Germany’s financial regulator BaFin is using artificial intelligence to help it spot market abuse and suspicious patterns in trading, increasing the chances of catching offenders, a top official warned on Monday. BaFin President Mark Branson said the supervisor had started using artificial intelligence last year in its alert and market analysis system. “We can already see from this that the results of this analysis system have become more accurate,” Branson said at a conference. “The chances of being caught in market abuse trading have never been so high, and here in Germany we know that the penalties for…

ZURICH (Reuters) -Microsoft (MSFT) will invest $400 million in Switzerland, the company said on Monday, with the money going towards developing its cloud computing and artificial intelligence infrastructure. The U.S. tech company announced the investment at a meeting of Swiss Economy Minister Guy Parmelin and its vice chair Brad Smith in Bern. Microsoft, which employs 1,000 people in Switzerland, did not give details on how many jobs the investment would create. The money will be used to expand and upgrade its four data centres near Geneva and Zurich, responding to increased demand for AI and cloud computing services in Switzerland,…

By Anna Tong, Jeffrey Dastin SAN FRANCISCO (Reuters) -Artificial intelligence developer Anthropic is making about $3 billion in annualized revenue, according to two sources familiar with the matter, in an early validation of generative AI use in the business world. The milestone, which projects the company’s current sales over the course of a year, is a significant jump from December 2024 when the metric was nearly $1 billion, the sources said. The figure crossed $2 billion around the end of March, and at May’s end it hit $3 billion, one of the sources said. While consumers have embraced rival OpenAI’s…

By Jaspreet Singh (Reuters) -Dell raised its annual profit forecast on Thursday, signaling growing demand for its AI-powered servers that are equipped with Nvidia’s powerful chips. Shares of the company, whose servers are used by customers such as Elon Musk’s AI startup xAI and CoreWeave, rose 2% in extended trading. Dell and Super Micro Computer have benefited from growing demand for such servers, but the high cost of producing them and tough competition have pressured margins. “We generated $12.1 billion in AI orders this quarter alone, surpassing the entirety of shipments in all of fiscal 2025 and leaving us with…

By Priyanka G (Reuters) -Marvell Technology forecast second-quarter revenue above Wall Street estimates on Thursday, betting on strong demand for its custom chips powering artificial intelligence workloads in data centers. Demand for custom AI chips continues to fuel growth, while networking chips and electro-optics have also seen robust order momentum. These advancements help hyperscalers seeking to scale their infrastructure to support AI workloads. Marvell said in its post-earnings call that it expects AI tailwinds to remain strong, driven by robust hyperscaler spending, new sovereign data center projects, and the expansion of emerging market players expanding the market, opening up growth…

FRANKFURT (Reuters) -Deutsche Telekom has teamed up with SAP, web hosting firm Ionos and unlisted retailer Schwarz to seek European Union support to build a data processing centre for artificial intelligence in Germany, it said on Tuesday. The European Commission this year unveiled plans to provide $20 billion in funding to construct AI data centres to catch up with the U.S. and China. Newspaper Handelsblatt reported on Tuesday that the consortium is in talks to build one of the five centres, known as AI gigafactories, the EU plans to support. “The window of opportunity to create our own independent infrastructure…

By Aditya Soni (Reuters) – Salesforce said on Tuesday it would buy Informatica for about $8 billion, betting on the data management platform to sharpen its competitive edge in the booming artificial intelligence market. The cloud-software giant is returning to big-ticket M&A after years on the sidelines, driven by scrutiny from activist investors pressing for better profitability. It had last year shelved deal talks with Informatica after the companies failed to agree on deal terms. Buying Informatica, in its biggest deal since its nearly $28 billion acquisition of Slack Technologies in 2021, would help Salesforce expand its data management tools…

By Liam Mo and Fanny Potkin BEIJING/TAIPEI (Reuters) -Nvidia will launch a new artificial intelligence chipset for China at a significantly lower price than its recently restricted H20 model and plans to start mass production as early as June, sources familiar with the matter said. The GPU or graphics processing unit will be part of Nvidia’s latest generation Blackwell-architecture AI processors and is expected to be priced between $6,500 and $8,000, well below the $10,000-$12,000 the H20 sold for, according to two of the sources. The lower price reflects its weaker specifications and simpler manufacturing requirements. It will be based…

(Reuters) -The U.S. Justice Department is probing whether Alphabet’s Google violated antitrust law in its agreement with Character.AI that allows the tech giant to use the AI startup’s technology, Bloomberg Law reported on Thursday. Antitrust enforcers have recently told Google they are examining whether the company structured the agreement with Character.AI to avoid formal government merger scrutiny, the report said, citing people with knowledge of the matter. Google last year signed a licensing deal with Character.AI that granted the search engine giant a non-exclusive license to the chatbot maker’s large language model technology. The company also hired Character.AI co-founders Noam…