Elon Musk’s xAI and Nvidia join BlackRock and Microsoft’s $30bn AI fund

Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. Elon Musk’s artificial intelligence company xAI and chipmaker Nvidia are becoming partners in a multibillion-dollar AI infrastructure fund backed by BlackRock, Microsoft and Abu Dhabi, as companies rush to build data centres and energy projects … Read more

Samsung promises to pursue deals in ‘do or die’ bid to revive growth

Samsung Electronics has promised angry shareholders it will pursue “meaningful achievements” in deals this year to revive growth after the South Korean tech giant suffered market share declines across all its core businesses in 2024. About 900 individual and institutional investors gathered at the company’s annual meeting in Suwon, south of Seoul, on Wednesday, unhappy … Read more

Anthropic set to focus on business users in search for new revenues

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Artificial intelligence start-up Anthropic is preparing to release a range of new features focused on business users, pitching its AI models at enterprise over seeking mass market adoption. Mike Krieger, the Silicon Valley group’s chief … Read more

Microsoft teams up with AI start-up to simulate brain reasoning

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Microsoft has joined forces with a Swiss start-up to deploy a new artificial intelligence model that simulates mammal brains’ reasoning powers to advance fields from financial trading to robotics.   The partnership between the US tech … Read more