Artificial intelligence

September 1, 2025 6:10 PM

China pledges $2 billion grant, expanded scholarships and AI cooperation at SCO Summit

Chinese Ambassador to India Xu Feihong on Monday announced a series of initiatives that China will roll out for the benefit of Shanghai Cooperation Organisation (SCO) member states. “Going forward, China plans to implement 100 ‘small and beautiful’ livelihood projects in member states that require them. It will provide RMB 2 billion yuan in grants to SCO member states within this year, and will issue an additional RMB 10 billion yuan in loans to the member banks of the SCO Interbank Conso...

September 1, 2025 1:54 PM

At Tianjin Summit, India, other SCO member countries commit to collaborating on AI

India on Monday joined other member states of the Shanghai Cooperation Organisation (SCO) to deepen cooperation in the field of Artificial Intelligence (AI), highlighting the strategic importance of the emerging technology in transforming societies and economies. The Tianjin Declaration of the SCO Council of Heads of States, which was signed and adopted at the 2025 Shanghai Cooperation Organisation Summit today, outlines commitments among member states on Artificial Intelligence, among other ar...

August 7, 2025 3:44 PM

India’s AI tech spending projected to reach $10.4 Bn by 2028: Report

India’s AI technology spending is estimated to reach $10.4 billion in 2028, with an annual growth rate of 38%, a report said on Thursday. Around 40% of organisations in the country have already implemented agentic AI, and about 50% of them are planning to use the technology within the next 12 months, IDC InfoBrief and UiPath said in a joint report. In 2025, AI investments are focused on building the basic infrastructure required to power transformative, high-value use cases. According to th...

August 4, 2025 3:08 PM

Bengaluru ranked 26th in Global AI City Index, Singapore secures top spot

Bengaluru has secured the 26th position in the Global Artificial Intelligence (AI) City Index, emerging as India’s leading hub for AI research, development, and data centers, according to a report by market research firm Counterpoint Research. The ‘2025 AI City Index’ highlights that several Indian cities are rapidly climbing the global rankings, with Bengaluru, Riyadh, Hangzhou, and Sao Paulo identified among the fastest-growing AI hubs worldwide. Within India, Bengaluru leads the rankin...

July 13, 2025 4:24 PM

SpaceX to invest $2 billion in Musk’s xAI startup, WSJ reports

SpaceX has committed $2 billion to xAI as part of a $5 billion equity round, deepening the ties between tech billionaire Elon Musk's ventures as his artificial intelligence startup races to compete with rival OpenAI, the Wall Street Journal reported on Saturday. The investment follows xAI's merger with X and values the combined company at $113 billion, with the Grok chatbot now powering Starlink support and eyed for future integration into Tesla's Optimus robots, the report added. In response ...

July 10, 2025 5:31 PM

Global end-user spending on GenAI models to reach $14.2 billion in 2025

A Gartner report said on Thursday that worldwide end-user spending on generative AI (GenAI) models is projected to reach $14.2 billion in 2025. End-user spending on specialised GenAI models, which include domain-specific language models (DSLMs), is estimated to total $1.1 billion this year. Specialised GenAI models are trained or fine-tuned on industry or business process-specific data. Gartner predicts that by 2027, more than half of the GenAI models used by enterprises will be domain-specif...

June 27, 2025 5:22 PM

Trump plans executive orders to power AI growth in race with China

The Trump administration is readying a package of executive actions aimed at boosting energy supply to power the U.S. expansion of artificial intelligence, according to four sources familiar with the planning. Top economic rivals U.S. and China are locked in a technological arms race and with it secure an economic and military edge. The huge amount of data processing behind AI requires a rapid increase in power supplies that are straining utilities and grids in many states. The moves under con...

June 20, 2025 4:30 PM

OpenAI, Google, xAI battle for superstar AI talent, shelling out millions

The contest in Silicon Valley to dominate artificial intelligence is playing out on a new court: superstar researchers. While the scramble to attract top talent and keep them happy has always been a hallmark of the tech industry, since ChatGPT launched in late 2022, recruiting has escalated to professional athlete levels, a dozen people who have been involved in recruiting AI researchers told Reuters. “The AI labs approach hiring like a game of chess,” said Ariel Herbert-Voss, CEO of cyber...

June 19, 2025 1:25 PM

Apple eyes using AI to design its chips, technology executive says

Apple AAPL.O is interested in tapping generative artificial intelligence to help speed up the design of the custom chips at the heart of its devices, its top hardware technology executive said in private remarks last month. Johny Srouji, Apple's senior vice president of hardware technologies, made the remarks in a speech in Belgium, where he was receiving an award from Imec, an independent semiconductor research and development group that works closely with most of the world's biggest chipmaker...

June 16, 2025 12:54 PM

Nvidia’s pitch for sovereign AI resonates with EU leaders

Nvidia NVDA.O CEO Jensen Huang has been pitching the idea of "sovereign AI" since 2023. Europe is now starting to listen and act. The concept is based on the idea that the language, knowledge, history and culture of each region are different, and every nation needs to develop and own its AI. Last week, the CEO of the artificial-intelligence chipmaker toured Europe's major capitals - London, Paris and Berlin - announcing a slew of projects and partnerships, while highlighting the lack of AI inf...