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How the world can tackle the power demands of artificial intelligence

CIO

The world must reshape its technology infrastructure to ensure artificial intelligence makes good on its potential as a transformative moment in digital innovation. New technologies, such as generative AI, need huge amounts of processing power that will put electricity grids under tremendous stress and raise sustainability questions.

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Microsoft will invest $80B in AI data centers in fiscal 2025

CIO

Microsoft is on track to invest around $80 billion this fiscal year to build out AI-enabled data centers, company president Brad Smith said Friday.

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China banks on open source in AI cold war with US

CIO

After more than two years of domination by US companies in the arena of artificial intelligence,the time has come for a Chinese attackpreceded by many months of preparations coordinated by Beijing. See also: US GPU export limits could bring cold war to AI, data center markets ] China has not said its last word yet.

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Eye On AI: As Big Money Rolls Into Data Centers, Startup Investment Gains

Crunchbase News

It’s been hard to browse tech headlines this week and not read something about billions of dollars being poured into data centers. billion to develop data centers in Spain. Energy and data center company Crusoe Energy Systems announced it raised $3.4 So far this year, $1.3 So far this year, $1.3

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AI, Data Center And Energy Startups Get Large Capital Infusion In October

Crunchbase News

The surge was driven by large funds leading supergiant rounds in capital-intensive businesses in areas such as artificial intelligence, data centers and energy. Global venture capital funding in October reached $32 billion, marking the highest month for startup investment so far in 2024.

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Gartner projects major IT spending increases for 2025

CIO

growth this year, with data center spending increasing by nearly 35% in 2024 in anticipation of generative AI infrastructure needs. Data center spending will increase again by 15.5% in 2025, but software spending — four times larger than the data center segment — will grow by 14% next year, to $1.24

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ADIB-Egypt announces 1 billion EGP digital transformation plan

CIO

The EGP 1 billion investment will be used to bolster the banks technological capabilities, including the development of state-of-the-art data centers, the adoption of cloud technology, and the implementation of artificial intelligence (AI) and machine learning solutions.