Cointime

Cointime

Download App
iOS & Android
Home / AI

Big Tech's Major Push into Artificial Intelligence: Amazon, Meta, Apple, and AMD Report Significant Investments and Focus in AI Capabilities and Applications

  • Wechat scan to share

Top executives at Amazon, Meta, Apple, and AMD have all reported major investments in AI capabilities and applications in their latest quarterly earnings calls. Amazon CEO Andy Jassy highlighted AI as "at the heart of what we do," and stated that the company is working to implement AI across all of its businesses.

Meta CEO Mark Zuckerberg boasted about the billions his company spent on AI infrastructure, which has resulted in better content recommendations and engagement on Facebook. Microsoft mentioned AI 175 times on its earnings call, securing a strategic partnership with OpenAI and later partnering with Meta to profit from the world’s largest open source LLM. AMD CEO Lisa Su expects new data center AI chips to launch by Q4 to tap into booming demand.

Amazon Apple
Comments

All Comments

There are no comments yet, why not be the first?

Recommended for you

  • OpenAI will stop supporting national APIs starting July 9

    On June 25th, according to Jinshi's report, some developers received a letter from OpenAI stating that "based on data, your organization has API traffic from regions that OpenAI currently does not support. From July 9th, additional measures will be taken to stop API usage from countries and regions not on OpenAI's supported list."

  • Xu Zhengyu: Hong Kong plans to publish a policy declaration on the application of AI in the financial market, with an open and inclusive attitude

    Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui, revealed that the government will release a policy statement later this year, outlining its policy stance and direction on the application of artificial intelligence (AI) in the financial market. Hui mentioned that the development of AI has become an important trend in the world, and as an international financial center, Hong Kong must consider its impact on the financial industry. Hong Kong maintains an open and compatible attitude towards the application of AI.
  • cointelegraph ·

    More than half of the Fortune 100 uses Apple’s Vision Pro headset

    Spatial computing in the industrial metaverse appears to be paying off for the company that Steve Jobs built.
    More than half of the Fortune 100 uses Apple’s Vision Pro headset

  • Saudi Arabia plans to invest US$40 billion in AI

    The Saudi government plans to create a fund of about $40 billion for investing in artificial intelligence. The $40 billion target will dwarf the typical financing scale of American venture capital firms. In recent weeks, representatives of the Saudi sovereign wealth fund have discussed possible partnerships with top Silicon Valley venture capital firms such as the Anderson Horowitz Fund and other financiers. They cautioned that plans may still change. According to four insiders, Saudi representatives have mentioned to potential partners that the country is seeking support for a range of tech startups related to artificial intelligence, including chip manufacturers and expensive, large data centers that are increasingly necessary for the development of next-generation computing. Saudi Arabia is even considering starting its own artificial intelligence company.

  • The AI ​​craze in the encryption field has driven the Bittensor subnet registration fee to soar to $6.7 million, a monthly increase of 10,000%

    As the hype around artificial intelligence (AI) in the cryptocurrency field continues to rise, the cost of registering a subnet on the Bittensor network has skyrocketed to $6.7 million, with a monthly increase of 10,000%. Just last month, the cost of registering a subnet was 100 TAO, or $53,000, but as of yesterday it had reached 10,127 TAO ($6.7 million).

  • AI robot company Figure completed US$675 million in financing at a valuation of US$2.6 billion, with participation from Microsoft and others

    AI robot company Figure completed a financing round of $675 million with a valuation of $2.6 billion. This round of financing was participated by Microsoft, OpenAI Startup Fund, NVIDIA, Jeff Bezos (through Bezos Expedition), Parkway Venture Capital, Intel Capital, and Align Ventures.

  • Amazon to Invest $4 Billion in Anthropic to Become Its Primary Partner

    According to Bloomberg News, Amazon will invest up to $4 billion in Anthropic, becoming a key partner in the field of generating artificial intelligence and demonstrating its trust in the popular startup company.As part of the deal, Anthropic will transfer most of its software to Amazon Web Services data centers and use the cloud computing company's local chips to train models to support chatbots and other applications.

  • Google Launches $20 Million Digital Futures Project to Study Responsible AI Technologies

    Google and its philanthropic arm, Google.org, have launched the Digital Futures Project with a $20 million investment in grants to leading think tanks and academic institutions around the world. The project aims to study responsible artificial intelligence (AI) technologies and address issues of fairness, bias, misinformation, security, and the future of work. The initiative will support researchers, organize convenings, and foster debate on public policy solutions to encourage the responsible development of AI.

  • "Time" magazine released TIME100 AI for the first time: Zeng Yi, Musk and Sam Altman, academicians of the Chinese Academy of Sciences, were selected

    Golden Finance reported that TIME magazine announced the first "TIME100 AI" list of the most influential people in the field of artificial intelligence today, which introduces the 100 most influential figures in the field of artificial intelligence, including Chinese Academy of Sciences academician Zeng Yi, OpenAI founder Sam Altman, Google DeepMind founder Demis Hassabis, a16z co-founder Marc Andreessen, Innovation Works CEO Li Kaifu, and Elon Musk was also selected as the founder of artificial intelligence company xAI.
  • Crypto Morning Briefing ·

    Crypto Morning Briefing: Flare integrates blockchain API on Google Cloud Marketplace

    Amazon NFT Marketplace To Launch This Month; Sui Network Launches Long Awaited Mainnet; Symmetry Launches Platform for Decentralized Crypto Indices and Actively Managed Funds on Solana
    Crypto Morning Briefing: Flare integrates blockchain API on Google Cloud Marketplace

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company
Cointime

Hot Coins

TerraClassicUSD USTC
$0.01340
- 0.08%
$74466290.92
Terra Classic LUNC
$0.00006715
+ 1.94%
$365674095.33
Axie Infinity AXS
$3.47
- 1.5%
$554909018.92

Daily Must-Read

01
Crypto Giants Seek Congressional Clarity on US Money Transmitter Rules
02
Massive Bitcoin whale buys $200M in BTC, another wakes up after 8 years
03
Ripple will drop cross-appeal in SEC case, get refund from lower court ruling
04
TRUMP Token Pops 12% After U.S. President Calls it 'The Greatest of Them All'
05
Gov’t can realize gains on gold certificates to buy Bitcoin: Bo Hines
06
44% are bullish over crypto AI token prices: CoinGecko survey