Microsoft is quadrupling its AI and cloud investment in Spain

Microsoft has announced plans to significantly boost its investment in AI and cloud infrastructure in Spain, with a commitment to quadruple its spending during 2024-2025 to reach $2.1 billion. This substantial increase marks the largest investment by Microsoft in Spain since its establishment in the country 37 years ago.

The tech giant is set to unveil new data centres in Madrid and has outlined its intention to construct additional centres in Aragon, catering to European...

Wipro and IBM collaborate to propel enterprise AI

In a bid to accelerate the adoption of AI in the enterprise sector, Wipro has unveiled its latest offering that leverages the capabilities of IBM’s watsonx AI and data platform.

The extended partnership between Wipro and IBM combines the former’s extensive industry expertise with IBM's leading AI innovations. The collaboration seeks to develop joint solutions that facilitate the implementation of robust, reliable, and enterprise-ready AI solutions.

The Wipro...

Google launches Gemini 1.5 with ‘experimental’ 1M token context

Google has unveiled its latest AI model, Gemini 1.5, which features what the company calls an "experimental" one million token context window. 

The new capability allows Gemini 1.5 to process extremely long text passages – up to one million characters – to understand context and meaning. This dwarfs previous AI systems like Claude 2.1 and GPT-4 Turbo, which max out at 200,000 and 128,000 tokens respectively:

“Gemini 1.5 Pro achieves near-perfect recall on...

JumpCloud report reveals SMEs conflicted about AI

JumpCloud today announced the findings from its Q1 2024 small to medium-sized enterprise (SME) IT Trends Report, “State of IT 2024: The Rise of AI, Economic Uncertainty, and Evolving Security Threats”. The report provides updated survey results and new findings to the company’s biannual SME IT Trends Report, which was first released in June 2021.

The latest edition of the report delves into the impact of artificial intelligence (AI) on identity management, security...

Fetch.ai and Deutsche Telekom partner to converge AI and blockchain

Deutsche Telekom has announced a collaboration with UK-based AI startup Fetch.ai to promote cutting-edge AI and blockchain solutions. 

As the first major corporate partner of the Fetch.ai Foundation, Deutsche Telekom joins forces with Bosch and Fetch.ai in supporting an open AI and blockchain platform aimed at widespread adoption. Its subsidiary, Deutsche Telekom MMS, will also serve as a validator on the decentralised Fetch.ai network, helping secure transactions on the...

Telcos to spend $20B on AI network orchestration by 2028

Telecom companies are expected to increase their spending on AI for automating network management to $20 billion by 2028, a new report from Juniper Research found. This would represent a 240 percent rise from estimated spending levels in 2024 of $6 billion.

The researchers predict the investment growth will be necessary as telcos expand 5G networks globally and develop future 6G networks. The AI software will play a vital role in optimising network performance and security; the...

The UK is outpacing the US for AI hiring

A new report finds that the UK has been growing its AI job market faster than the US over the last five years. 

Analysing job listings data, the report by AIPRM found that – between 2017 and 2022 – the average yearly growth rate for AI hiring was 1.2% in the US. This compares to 1.22% in the UK over the same period. 

The UK's strong performance means it outpaced other major economies like India (1.19% growth), Canada (1.26%), and Brazil...

Bank of England Governor: AI won’t lead to mass job losses

Andrew Bailey, Governor of the Bank of England, has rebutted fears that AI will lead to widespread unemployment.

"I'm an economic historian, before I became a central banker. Economies adapt, jobs adapt, and we learn to work with it. And I think, you get a better result by people with machines than with machines on their own," Bailey told the BBC.

Bailey's comments come as the latest economic assessment shows that UK businesses investing in AI are expected to see gains...

Financial services introducing AI but hindered by data issues

According to research by EXL, around 89 percent of insurance and banking firms in the UK have introduced AI solutions over the past year. However, issues with data optimisation could hinder their impact.

The researchers surveyed executives at top UK insurers and lenders about their AI strategies and found that 44 percent have deployed AI across eight or more business functions—especially in marketing, business development, and regulatory compliance. 

Nearly 9 in 10...

MyShell releases OpenVoice voice cloning AI

A new open-source AI called OpenVoice offers voice cloning with unprecedented speed and accuracy.

Developed by researchers at MIT, Tsinghua University, and Canadian startup MyShell, OpenVoice uses just seconds of audio to clone a voice and allows granular control over tone, emotion, accent, rhythm, and more.  

MyShell unveiled OpenVoice in a post this week, linking to a pre-reviewed research paper explaining the technology as well as demo sites on MyShell and...