archiveAI growth

Taiwanese electronics giant Foxconn Technology Group, long known for assembling popular consumer devices like smartphones, is now taking center stage in the global artificial intelligence (AI) revolution. In a recent statement to investors, the company revealed that AI-related demand—especially for servers and data center infrastructure—is expected to fuel its growth...

Southeast Asia’s digital economy is on the rise, fueled by a significant boost in private funding. Among the biggest beneficiaries are artificial intelligence (AI) startups, which are capturing an increasingly large share of investment. Over the past year, private investment in the region’s digital sector reached around US $7.7 billion,...

In a move that has grabbed worldwide attention, OpenAI, the creator of ChatGPT, has revealed an ambitious five-year plan: turning its current $13 billion in annual revenue into a staggering $1 trillion in infrastructure and operations. This is one of the boldest strategies in tech history, aiming to solidify OpenAI’s...

OpenAI’s ChatGPT has reached a staggering milestone: 800 million weekly active users. This represents a major leap from 700 million users just a few months ago in August, and an even more impressive jump from 500 million in March—a 60% growth in just seven months. The announcement was made by...

The AI revolution is no longer purely a dream of the future—it’s here, transforming industries, economies, and societies at breakneck speeds. At the center of this transformation are gargantuan infrastructure deals being struck around the world—deals worth billions of dollars that are only now beginning to roll out. These initiatives...

Micron Technology Inc., one of the world's largest manufacturers of memory chips and semiconductors, forecast a solid start to its fiscal 2026, with first-quarter revenue projected at about $12.5 billion. This outlook is well above the $11.94 billion projected by analysts, reflecting strong growth fueled by the rising demand for...

In a significant transaction that illustrates the explosive demand for artificial intelligence and high-performance computing, CoreWeave has contracted with Nvidia to provide $6.3 billion worth of cloud computing capacity. The multiyear deal underscores how quickly demand for high-end GPUs and the scalable infrastructure they support is ramping up as industries...

OpenAI has made a huge new addition to its leadership team: Mike Liberatore, the former Chief Financial Officer of xAI—Elon Musk’s artificial-intelligence company—has been hired as Business Finance Officer. The hire underscores how costly financial strategy is becoming more and more integral in the advanced AI world going forward. A...

Oracle Corporation has been on an extraordinary stock market tear for months, as investors have cheered its enthusiasm for artificial intelligence (AI) and the company’s ascendance in the cloud-computing competition. But following record highs and a tantalizing brush with the magical $1 trillion market-capitalization figure, the technology giant’s share price...

Raises from Floodgate, Jay-Z’s Roc Nation, and Kanye West’s Yeezy Brand By September 2025 A Daring Bet on Artificial Intelligence In a daring bet on artificial intelligence’s red-hot ramp to disrupt much of tech and every other industry or vertical, training startup Mercor wants to raise more than $10 billion—an...

In an era of cautious funding, Cognition AI has shot to fame with a move of such audacity that it demonstrates how it is becoming increasingly powerful in artificial intelligence. The company announced it had raised $400 million at an impressive $10.2 billion valuation. Led by some of the biggest...