• Tuesday • July 8, 2025

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    Reuters

    IBM rolls out new chips and servers, aims for simplified AI

    IBM Introduced Its New Power11 Chips on Tuesday, Marking Its First Major Update to Its “Power” Line of Chips Since 2020 

    International Business Machines on Tuesday announced a new line of data center chips and servers that it says will be more power-efficient than rivals and will simplify the process of rolling out artificial intelligence in business operations.

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  • Monday • June 16, 2025

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    Industry News Source

    Amazon to Invest $10B for AI, Cloud Expansion in North Carolina

    The News Comes as Power Demand for AI Data Centers is Slated to Boom

    Amazon has announced a $10 billion plan to build out data center and AI infrastructure across the state of North Carolina, in a major boost for its AI and cloud computing operations. “This investment will position North Carolina as a hub for cutting-edge technology, create hundreds of high-skilled jobs, and drive significant economic growth,” said David Zapolsky, Amazon’s chief global affairs and legal officer. “We look forward to partnering with state and local leaders, local suppliers, and educational institutions to nurture the next generation of talent.”

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  • Monday • June 16, 2025

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    Wall Street Journal

    Amazon to Invest Nearly $13 Billion in Data Centers in Australia

    The Plan Marks Australia’s Largest Publicly-announced Investment from a Global Technology Provider

    The investment of 20 billion Australian dollars, the equivalent of $12.97 billion, through 2029 will strengthen the country’s cloud computing and AI capabilities to support strong demand from customers, the Seattle-based tech giant said Saturday. Amazon is also investing in three new solar farms to support the data centre infrastructure expansion.

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  • Monday • February 24, 2025

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    New York Times

    Apple Vows to Build A.I. Servers in Houston and Spend $500 Billion in U.S.

    The Company Pledged the Multibillion-Dollar Investment Over the Next Four Years and Said it Would Create 20,000 Jobs

    Days after Apple’s chief executive met with President Trump, the company said on Monday that it planned to spend $500 billion and hire 20,000 people in the United States over the next four years and open a factory in Texas to make the machines that power the company’s push into artificial intelligence.

    “We are bullish on the future of American innovation, and we’re proud to build on our longstanding U.S. investments,” Tim Cook, Apple’s chief executive, said in a statement. The company made similar, smaller pledges during the Biden administration and Mr. Trump’s first term, though it has not yet followed through on some of those promises.

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  • Monday • February 17, 2025

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    Industry News Source

    AWS Remains $330bn Cloud Market Leader, Driven by AI Growth

    Microsoft Azure and Google Cloud Outpaced AWS in Percentage Growth Terms During the Fourth Quarter

    Amazon Web Services retains its position as the cloud infrastructure market leader, as spending reached US$330bn in 2024 amid increased demand for AI services, according to research from Synergy Research Group. The research found Microsoft Azure and Google Cloud outpaced AWS in percentage growth terms during the fourth quarter, though AWS maintained its market share at 30% compared to Microsoft’s 21% and Google’s 12%.

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  • Tuesday • June 25, 2024

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    Reuters

    Cash-strapped Stability AI raises $80 mln with new CEO and board

    Stability AI Said on Tuesday it Has Raised Funds and Appointed Industry Veteran Prem Akkaraju as its Top Boss

    New CEO Akkaraju, former chief of visual effects company Weta Digital, has also invested in the company, which makes an artificial intelligence image-generation tool that rivals those made by Google and OpenAI.


    Stability AI, which has also released AI models to generate audio and video using text prompts, named former Facebook President Sean Parker as executive board chairman of its board. Greycroft cofounder Dana Settle, General Partner of Coatue Management Colin Bryant and Akkaraju were also added to Stability AI’s board.

    The firm has raised about $80 million in funding, according to a person familiar with the matter, from a group of investors including Coatue Management, Lightspeed Venture Partners and former Google CEO Eric Schmidt.