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Thirsty and power hungry: Australia is in the middle of a datacentre boom – but are they good for the economy?
They’re a key part of the digital and AI economy but they come at a high environmental cost and offer few operational jobs Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast On Mamre Road, in Sydney’s outer western suburbs, there are plans to…
SpaceX overtakes Amazon to become world’s fifth most valuable company
Elon Musk’s firm briefly reached $2.97tn valuation days after its IPO following purchase of AI coding startup Cursor SpaceX has overtaken Amazon to become the world’s fifth most valuable company days after its stock market debut. The milestone came as Elon Musk’s company agreed to buy the startup behind the AI-powered coding app Cursor for…
Anthropic releases ‘safe’ version of Claude Mythos AI model to public
AI company restricted access to Fable 5, its most powerful Mythos model, for months over cybersecurity concerns Anthropic, the maker of the Claude artificial intelligence (AI) models, made a new version of its technology available to the general public on Tuesday while restricting its use in sensitive areas. Dubbed Fable 5, the model is the…
As the tech mega-IPO race heats up, has OpenAI missed its moment?
With rivals racing to market to raise ‘eye-popping sums’, the spotlight is now on the AI sector’s one-time ‘poster child’ A year is a long time in AI. Just 12 months ago, Sam Altman was predicting his company OpenAI would build a super intelligence and fundamentally remake society. Now the boss of the ChatGPT developer…
Google owner Alphabet to sell $80bn in stock to fund AI spending spree
One of largest equity fundraisings ever includes $10bn share sale to US investment group Berkshire Hathaway Business live – latest updates Google’s parent company, Alphabet, has said it plans to raise up to $80bn (£59bn) in equity to fund its vast artificial intelligence infrastructure investments, raising further questions over the economics of the AI boom.…
Nvidia launches ‘superchip’ putting AI power into laptops and PCs
Firm says its RTX Spark PC chip for Microsoft Windows will let AI agents replace the mouse and keyboard Business live – latest updates A new front has opened up in the battle for dominance in AI chips, as Nvidia said its latest development could replace the mouse and keyboard in how people use computers.…
‘AI washing’: firms are scrambling to rebrand themselves as tech-focused
PR executives say UK companies are forcing them to present ordinary automation as artificial intelligence UK companies are performing “yoga-level” stretches to describe themselves as AI specialists in an attempt to capitalise on the buzz around the technology, public relations firms have said. Weary communications executives tasked with securing media coverage for brands have complained…