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AMD to lay off 4% of global workforce
14 Nov 2024Advanced Micro Devices (AMD) said it will lay off 4% of its global workforce, amounting to around 1,000 employees. Reuters reported this restructuring effort is part of the company’s strategic push to focus on the development of artificial intelligen... -
Amazon has announced a £86.6 million ($110 million) investment in an initiative to provide researchers with access to computing power through AWS’s Trainium UltraClusters. This funding aims to foster advancements in AI architectures, machine learning...
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Artificial intelligence (AI) Native Networking company, Juniper Networks, has invested in the £80.4 million ($102 million) funding round in AI inference company, Recogni, to advance AI inference capabilities. The Series C funding round was co-led by ...
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A group of researchers from Loughborough Business School has predicted the world is approaching a ‘data doomsday’. In this scenario, electricity demand from data will outstrip total global energy production. If data creation continues at current rate...
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A total of 40% of the world’s artificial intelligence (AI) data centres could suffer operational limitations due to power constraints, according to a new report from Gartner. This is based on the rapid rise of AI and generative AI, which is driving u...
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The Dutch Government has announced a major £112.1 million ($142 million) investment into pilot production facilities for photonic semiconductors in the Netherlands. The Netherlands will be the first to benefit from a £315.8 million ($399.7 million) f...
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Australian alternative asset manager, HMC Capital, is preparing to launch a landmark IPO for its data centre business. The DigiCo Real Estate Investment Trust (REIT), valued at £2.05 billion ($2.6 million), will be the largest Australian IPO since 20...
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Data centres are rapidly multiplying worldwide to support the booming growth of artificial intelligence (AI). However, AI technologies consume significantly more energy than other data centre services, meaning that not only will more data centres be ...
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A proposed change to data regulations in Vietnam has sparked concern from the Information Technology Industry Council (ITI), a trade association representing US tech firms including Meta, Google, and Equinix. Reuters reported the law, currently under...
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French multinational firm, Schneider Electric, has confirmed it suffered a breach after ransomware group HellCat claimed to possess 40GB of stolen data. By gaining access to the Atlassian Jira system used by Schneider Electric, the hackers said criti...