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News
Goldman Sachs asset arm forms AI investing platform, memo shows
8+ hour, 13+ min ago (351+ words) NEW YORK, July 30 (Reuters) – Goldman Sachs Asset Management has launched an artificial intelligence investing platform, AlphaAI, betting that AI will become an important driver of investment returns across its public and private market businesses. Lou D’Ambrosio will lead AlphaAI, as…...
Small biotech firms quicker to ‘latch onto’ AI than big ones, says Tencent Healthcare President
2+ mon, 2+ day ago (236+ words) HONG KONG, May 28 (Reuters) – Small biotech firms “latch onto” AI more quickly than bigger firms, the head of Chinese tech giant Tencent’s healthcare division said on Thursday, as more businesses embrace AI to improve efficiency. Pharmaceutical companies are also increasingly…...
Snowflake boosts forecast, signs $6 billion AWS deal as enterprise AI adoption grows
2+ mon, 2+ day ago (301+ words) By Harshita Mary Varghese May 27 (Reuters) – Snowflake raised annual product revenue forecast on Wednesday, as enterprises ramped up spending on AI applications and shifted more data workloads to its cloud platform, sending its shares surging 36% in extended trading. The company…...
Motor racing-As Formula One evolves, AI becomes part of the race
2+ mon, 3+ week ago (722+ words) LONDON, May 4 (Reuters) – Artificial Intelligence’s integration into Liberty Media-owned Formula One and its 11 teams has been noticeable on- and off-track in the already highly tech-powered sport. Eight new AI partnerships were signed in the past six months alone, according to…...
White House to host Big Tech in pledge to rein in power costs
5+ mon, 5+ day ago (524+ words) By Jarrett Renshaw and Laila Kearney Feb 25 (Reuters) – The White House said on Thursday it will host leading data center and artificial intelligence companies next week including Microsoft, Anthropic and Meta Platforms to formalize a deal to shield consumers from…...