Tuesday, July 28, 2026

Nvidia to invest $5 billion in Ilya Sutskever's AI startup

The two ⁠companies announced ‌the deal ​Monday ​morning without disclosing ⁠financial terms. The funding will boost ​SSI's available computing resources, ​the companies said. The deal also gives SSI access to Nvidia's cutting-edge Vera ‌Rubin hardware.

from Tech-Economic Times https://ift.tt/Ew5TsuB

Monday, July 27, 2026

New AI tools let readers talk to books

With these tools, users get access to an e-book or audiobook alongside an AI chatbot. Readers can dig into a character's psychology, historical context, or a philosophical concept, no separate research required. Mid-listen, you can tap a button, ask your question, hear the answer, and then pick up the story right where you left off.

from Tech-Economic Times https://ift.tt/Up5Qurt

China memory chipmaker CXMT set for Shanghai debut after Asia's biggest IPO

At the IPO price, CXMT is valued at about 579 billion yuan ($85.5 billion) before the possible exercise of the over-allotment option, making it one of China's largest listed semiconductor companies. The company's IPO is the biggest mainland Chinese semiconductor offering on record, surpassing SMIC's $7.5 billion Shanghai share sale in 2020.

from Tech-Economic Times https://ift.tt/aCI7eGF

Nvidia in talks with OpenAI to guarantee $250 billion financing for data centre: WSJ

The power for the ⁠project is ‌controlled by the US government ​and ​funded separately by Japan under ⁠a recent trade deal, with US Commerce ​Secretary Howard Lutnick involved in deciding ​who will receive access to it, the report added.

from Tech-Economic Times https://ift.tt/54pB13I

Sunday, July 26, 2026

India among top five growth markets, centre of global strategy for Red Hat

India is currently at the centre of the company's global strategy, both as a critical market and a hub for engineering excellence, Navtej Singh Bal, Vice President and General Manager, India and South Asia, Red Hat, noted.

from Tech-Economic Times https://ift.tt/oyi2m8M

AI adoption reshapes workflows and hiring across high-growth technology companies: Report

Artificial intelligence adoption is rapidly transforming high-growth technology companies. Many businesses are deploying AI across engineering, finance, and human resources. Most respondents feel AI will meaningfully change team operations within a year. Engineering teams show the highest level of AI adoption and usage. Data quality and system fragmentation present key implementation challenges.

from Tech-Economic Times https://ift.tt/UTvHOXB

Cheaper, open and intelligent: Chinese AI models gain ground, as they make inroads in the US

Chinese artificial intelligence models are increasingly adopted by American users and businesses. These advanced systems offer competitive performance at significantly lower costs. Companies are switching to Chinese AI for routine tasks and cost reduction efforts. While US tech giants express frustration, independent developers find them appealing. China's open-source approach and state support fuel global expansion ambitions.

from Tech-Economic Times https://ift.tt/LqkDuBA

Saturday, July 25, 2026

South Korea President Lee looking to open new era of AI in with global tech companies

President Lee delivered a keynote address ​unveiling a "San Francisco AI Declaration" that outlined South ​Korea's AI ambitions and its vision for technological cooperation with the United States. Lee separately met Nvidia CEO ​Jensen Huang, OpenAI CEO Sam Altman, Anthropic CEO Dario Amodei and Broadcom CEO Hock Tan, before joining the South Korean government-backed summit ​in San Francisco.

from Tech-Economic Times https://ift.tt/SyHT8WJ

Nvidia CEO Jensen Huang backs open AI models, coalition for safety and innovation

A broad coalition of companies and institutions, including Nvidia, Meta, Microsoft, Hugging Face, and the Linux Foundation signed a letter, arguing that open-weight models, which are systems anyone can download, inspect, and modify, deserve a major place in the US' AI strategy, not a defensive afterthought.

from Tech-Economic Times https://ift.tt/xebvXrZ

Meta adds new task automation features to AI assistant

The updated Meta AI, powered by the company's new ‌Muse Spark ⁠1.1 ⁠model, is designed to understand user context and execute ​tasks without constant prompting.

from Tech-Economic Times https://ift.tt/wuev9DC

Friday, July 24, 2026

Pentagon awards Oracle nearly $7 billion deal in latest software consolidation push

The Enterprise Software Agreement, negotiated by the Department ​of the Navy, is between the Pentagon and Oracle for ​its on-premises compute usage.

from Tech-Economic Times https://ift.tt/oieIH1L

Nvidia to invest $5 billion in Ilya Sutskever's AI startup

The two ⁠companies announced ‌the deal ​Monday ​morning without disclosing ⁠financial terms. The funding will boost ​SSI's available com...