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African Union greenlights AI adoption across member states

[Aug 11 7:20 AM] The strategy aims to fast-track AI development and adoption in Africa, driving innovation and growth that aligns with Nigeria’s digital transformation goals.

Microsoft investors’ fears escalate over AI’s slow payoff

[Jul 30 7:42 AM] Microsoft investors are increasingly anxious about the slow financial returns from its significant investments in artificial intelligence, despite Azure's steady growth.

Google parent Alphabet profit surges 29% in Q2 amid AI splurge

[Jul 23 8:26 PM] The firm’s CEO, Sundar Pichai, said its AI products have already generated “billions” in revenue from its cloud business.

Microsoft and Apple renounce OpenAI board membership

[Jul 10 1:33 AM] After investing $13 billion in OpenAI in 2023, Microsoft is distancing itself from the AI startup amid growing scrutiny from regulators.

China leads the world in gen AI adoption but falls behind in full implementation

[Jul 9 7:11 AM] A recent study revealed that China leads the world in AI usage and investment, while the U.S. remains the leader in fully implementing the technology.

AI needs a killer app to prove it’s not a bubble — Goldman Sachs, MIT

[Jun 30 11:11 AM] Analysts were split over whether today’s AI investments would pay off in the next decade.

‘Not a classic VC’: Tether plans to invest up to $1B in one year

[Jun 11 8:01 AM] Tether’s VC arm has already spent about $2 billion on tech like AI and alternative financial infrastructure over the past two years.

Cathie Wood’s ARK Invest pours $60M into Elon Musk's AI venture

[May 29 3:02 AM] Cathie Wood’s ARK Invest has committed $60 million to Elon Musk’s xAI startup, demonstrating the firm's confidence in its potential amid a surge in AI investments.

Boosting AI: Senators propose $32B investment plan for US tech growth

[May 16 1:42 AM] After months of meetings with industry experts and AI critics, four U.S. senators published what they say is a comprehensive roadmap for maintaining U.S. leadership in AI development.

AI boom to beat electricity and PCs, $200B investment by 2025: Goldman Sachs

[Aug 2, 2023 8:04 PM] Economists from Goldman Sachs predict that AI investment could account for up to 4% of GDP in the United States by 2025.

BlackRock lauds AI as ‘mega force’ to drive returns

[Jun 28, 2023 10:51 PM] AI could prove to be a boon for investors looking for gains in today's “unusual” market.