ASML will invest 1.3 billion euros ($1.5 billion) in French artificial intelligence startup Mistral AI, becoming its main shareholder with a stake of about 11%, the Dutch chip equipment maker said on Tuesday, confirming a Reuters report from Sunday. The company will also partner with Mistral AI to use AI models across its product portfolio and gain a seat on Mistral’s strategic committee, it said in a statement. ($1 = 0.8495 euros)
Swedish digital infrastructure provider EcoDataCenter has secured 600 million euros ($703.5 million) in debt financing from Deutsche Bank to expand its AI data centres, it said on Tuesday, as demand for high-performance computing surges amid the AI boom.
Experts caution that these titles are not hype, but stepping stones towards more critical specialisations.
Italy’s Vice Minister Valentino Valentini emphasizes the need for enhanced technological cooperation with South Korea in AI and applied sciences, focusing on innovation and development. This partnership aims to leverage advancements in AI technologies to strengthen economic ties and research capabilities between the two nations.
Valentino Valentini, Italian vice minister of enterprises and Made in Italy, urged deeper technological cooperation with South Korea, saying the two countries s
AI search is on the rise, and publisher traffic is on the decline. This week’s podcast digs into what that means for the future of media.
QuickFi launched the QuickFi Innovation Lab, designed to unite emerging technologies with the next generation of talent to shape the
KKR has appointed former AWS CEO Adam Selipsky as its Senior Technology and AI Strategy Advisor. His expertise will guide KKR’s AI initiatives, emphasizing advancements in technology investment strategies. This appointment signals an important shift towards incorporating AI in private equity strategies and could impact future tech investments.
According to Bloomberg Law, the federal judge is concerned that the class lawyers struck a deal that will be forced “down the throat of authors.”
