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CNA938 Rewind - Meta, OpenAI, Tesla: Where their AI investments are

CNA938 Rewind - Meta, OpenAI, Tesla: Where their AI investments are

CNA6 hours ago

CNA938 Rewind
The artificial intelligence race could be reaching a boiling point as the world's biggest tech firms burn through cash to develop the biggest and best tools as they come under pressure from investors. For more, Andrea Heng and Susan Ng speak with Antony Ruddenklau, Head of Financial Services, Global Head of Fintech & Innovation.

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German firms to submit competing EU bids for AI data centre, newspaper reports
German firms to submit competing EU bids for AI data centre, newspaper reports

CNA

timean hour ago

  • CNA

German firms to submit competing EU bids for AI data centre, newspaper reports

BERLIN :Deutsche Telekom, Ionos and the Schwarz Group's IT subsidiary will submit competing applications to the EU for an AI data centre after the German firms could not agree on a common concept, the Tagesspiegel newspaper reported Thursday. Software giant SAP will not participate, according to the newspaper. The expression of interest which is being submitted precedes an official application, which will take place in autumn, a spokesperson of the web-hosting company Ionos told Reuters. "The expression of interest is a first step. On this basis, the European Commission defines the further phases," Achim Weiss, CEO of Ionos, said in a statement via the spokesperson. The German applicants could still join forces during the selection process for the data centres planned by the European Union, Tagesspiegel said in the report. The other companies involved were not available for comment when contacted by Reuters.

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