Tag: AI tech news

Google-parent Alphabet races toward trillion valuation as AI-fueled gains accelerate

Google-parent Alphabet races toward $4 trillion valuation as AI-fueled gains accelerate

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Alphabet closed in on a $4 trillion valuation on Monday, set to become only the fourth company to enter the exclusive club, as the Google parent rides an artificial intelligence-driven rally. Shares of the company rose more than 5% to hit a record high of $315.9, giving it a market capitalisation of $3.82 trillion. The […]

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AMD, Cisco, and Saudi’s Humain launch AI joint venture, land first major customer

AMD, Cisco, and Saudi’s Humain launch AI joint venture, land first major customer

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“They will be the first customer of this cluster,” Amin said, adding that Luma has contracted to purchase the entire 100-megawatt capacity [File] | Photo Credit: REUTERS Advanced Micro Devices, Cisco Systems and Saudi Arabian artificial intelligence startup Humain are forming a joint venture to build data centres in the Middle East and have landed […]

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