Author: Advanced AI Editor

(Reuters) -U.S. semiconductor startup Groq has spoken to investors about raising between $300 million and $500 million at a $6 billion post-investment valuation, The Information reported on Wednesday, citing people with knowledge of the matter. The company is seeking the cash to fulfill a recently inked deal with Saudi Arabia, the report said. In February, Groq secured a $1.5 billion commitment from Saudi Arabia to expand the delivery of its advanced artificial intelligence chips to the country. Groq has told investors that the contracts in Saudi Arabia will help the company bring in about $500 million in revenue this year,…

(Reuters) -Huawei Technologies is attempting to export small amounts of AI chips to the Middle East and Southeast Asia, as it looks to establish itself in markets dominated by U.S. chip designer Nvidia, Bloomberg News reported on Thursday. The Chinese telecom giant has reached out to potential customers in the United Arab Emirates, Saudi Arabia and Thailand about purchasing its older-generation Ascend 910B AI chips, the report said, citing people familiar with the matter. China’s strongest competitor to leading U.S. chipmakers is offering the chips in the low thousands, though the exact number remains unclear, according to the report. No…

(Reuters) -Google has hired Windsurf CEO Varun Mohan, co-founder Douglas Chen, and select members of the coding tool’s research and development team to join its DeepMind division, a Google spokesperson said on Friday, in a move to strengthen itself in the race for AI leadership. Mohan and the Windsurf team will focus on agentic coding initiatives at Google DeepMind, primarily working on the Gemini project. The development comes as tech giants including Alphabet and Meta Platforms aggressively chase high-profile acquisitions and offer multi-million-dollar pay packages to attract top talent in the race to lead the next wave of AI. “We’re…

(Refiles to fix format error in last paragraph, no change to text) KUALA LUMPUR (Reuters) -Malaysia’s trade ministry said on Monday that the export, transshipment and transit of high-performance artificial intelligence chips of U.S. origin will be subject to a trade permit, effective immediately. Individuals or companies are required to notify authorities at least 30 days in advance when exporting, transhipping, or bringing in transit any item that is not expressly listed on Malaysia’s strategic items list, the ministry said in a statement. The move serves to close regulatory gaps while Malaysia reviews the inclusion of high-performance AI chips of…

By Jaspreet Singh and Aditya Soni (Reuters) -Mark Zuckerberg said on Monday that Meta Platforms would spend hundreds of billions of dollars to build several massive AI data centers for superintelligence, intensifying his pursuit of a technology he has chased with a talent war for top engineers. The social media giant is among the large tech companies that have struck high-profile deals and doled out multi-million-dollar pay packages in recent months to fast-track work on machines that could outthink humans on many tasks. Its first multi-gigawatt data center, dubbed Prometheus, is expected to come online in 2026, while another, called…

WASHINGTON (Reuters) -American companies rolled out a series of big ticket AI and energy investment pledges on Tuesday, part of a push by U.S. President Donald Trump to maintain America’s edge in the booming technology sector. Here are some of the biggest announcements timed around the Energy and Innovation Summit at Carnegie Mellon University, which is expected to include $90 billion in investments in and around Pennsylvania. Alphabet-owned Google has struck a $3 billion deal with Brookfield Asset Management for electricity generated from two hydropower facilities in Pennsylvania. The tech giant will also invest $25 billion in data centers across…

SINGAPORE (Reuters) -Citigroup and Singapore-based financial technology firm Ant International have launched a pilot program using artificial intelligence to help clients better manage foreign exchange risk, the companies said on Friday. The program combines Citi’s Fixed FX Rates solution, which is widely used by the banks’ clients in sectors such as e-commerce, with Ant International’s Falcon Time-Series Transformer model, an AI forecasting tool that helps businesses reduce hedging FX costs, according to a joint statement. The pilot program, developed initially for aviation clients, has already been used in live transactions with a major Asian airline able to reduce cost in…

(Reuters) -Meta Platforms has hired Apple artificial intelligence researchers Mark Lee and Tom Gunter for its Superintelligence Labs team, Bloomberg News reported on Thursday, as it intensifies its pursuit for top AI talent. The social media giant is among several technology companies that have struck high-profile deals and doled out multi-million-dollar pay packages to fast-track development of machines that could surpass humans intelligence. Lee recently left Apple and has started at Meta, while Gunter is set to join soon, the report said, citing people familiar with the matter. Their exit follows Ruoming Pang, who previously left Apple for a multi-million-dollar…

By Akash Sriram (Reuters) -Nvidia-backed Perplexity AI, the startup challenging Google with its AI-powered search engine, is in discussions with mobile device makers to pre-install its new Comet browser on smartphones, CEO Aravind Srinivas told Reuters on Friday. The move could significantly boost Perplexity’s reach by capitalizing on browser “stickiness”, where users tend to stick with browser apps that are pre-installed or set as default on their devices, potentially driving habitual use of the company’s AI tools. “It’s not easy to convince mobile OEMs to change the default browser to Comet from Chrome,” Srinivas said, referring to original equipment manufacturers…

TAIPEI (Reuters) -Taiwan plans to launch its “Ten Major AI Infrastructure Projects” initiative, aimed at generating more than T$15 trillion ($510 billion) in economic value by 2040 as it strives to become a global leader in artificial intelligence. Premier Cho Jung-tai said in a Facebook post late on Tuesday that Taiwan aims to leverage its information and communications technology (ICT) sector and world-leading semiconductor manufacturing capabilities to become a global AI influencer and a “smart technology island.” Under the initiative, Taiwan has identified three core technologies as strategic priorities: silicon photonics, quantum technology and AI robotics. Silicon photonics is a…