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Anthropic Snags Another $1B From Amazon; OpenAI Joins Data Center Push

Crunchbase News

Anthropic, a ChatGPT rival with its AI assistant Claude, is reportedly taking in a fresh $1 billion investment from previous investor Google. Billions of dollars have been earmarked to build out new data centers for AI initiatives. In October 2023, Google invested $2 billion in the OpenAI rival.

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Saudi Arabia launches $100 Billion AI initiative to lead in global tech

CIO

The program, known as Project Transcendence, marks a significant push by the Kingdom to develop a robust AI ecosystem that can rival leading tech hubs, including neighbouring United Arab Emirates and other global technology centers. In recent years, the Kingdom has set up research centers, ministries, and educational programs focused on AI.

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Gartner: 13 AI insights for enterprise IT

CIO

Here are 13 of the most interesting ideas: “Current spending on generative AI (GenAI) has been predominantly from technology companies building the supply-side infrastructure for GenAI,” said John-David Lovelock, distinguished vice president analyst at Gartner. CIOs will begin to spend on GenAI, beyond proof-of-concept work, starting in 2025.

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Partnership Could Put $100B Into AI Data Center Infrastructure

Crunchbase News

As AI technology advances, it’s putting ever-increasing strain on existing data centers and associated power sources. To keep up, we’ll need to build a lot more infrastructure. Participants include Microsoft , Blackrock , Global Infrastructure Partners and United Arab Emirates AI-focused investment fund MGX.

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Getting infrastructure right for generative AI

CIO

But while the payback promised by many genAI projects is nebulous, the costs of the infrastructure to run them is finite, and too often, unacceptably high. Infrastructure-intensive or not, generative AI is on the march. IDC research finds roughly half of worldwide genAI expenditures in 2024 will go toward digital infrastructure.

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Marsh McLennan IT reorg lays foundation for gen AI

CIO

Re-platforming to reduce friction Marsh McLennan had been running several strategic data centers globally, with some workloads on the cloud that had sprung up organically. Simultaneously, major decisions were made to unify the company’s data and analytics platform.

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Marsh McLellan IT reorg lays foundation for gen AI

CIO

Re-platforming to reduce friction Marsh McLellan had been running several strategic data centers globally, with some workloads on the cloud that had sprung up organically. Simultaneously, major decisions were made to unify the company’s data and analytics platform.