Enterprises’ growing appetite for AI and data-driven insights drives growth The data analytics and management market is forecast to be worth $116 billion by year’s end, fueled by enterprise demand for ...

New research from analyst firm Gartner suggests that at least 30% of generative AI businesses currently testing will be abandoned after proof of concept by the end of 2025. The statistics were ...

XGBoost, used in the handling of large datasets for supervised machine learning, has been given an overhaul in the new version 2.0. The open source offering allows developers to fine-tune various ...

Generative AI is no longer just a buzzword but a tool businesses are actively looking to deploy to raise productivity, spark creativity, enhance efficiency, analyze more rapidly and assist in decision ...

With heightened demand for AI services, data center capacity might have to increase by 100 times from current levels in 10 years, according to Dell founder and CEO Michael Dell. “There definitely ...

AI Business brings you the latest in deals and products from across the AI world. This week’s roundup covers AWS’s new $35 billion data center expansion in Virginia and McKinsey’s latest acquisition, ...

PwC is investing $1 billion into developing generative AI services. PwC's AI plans include a partnership with Microsoft to gain access to OpenAI’s GPT-4, ChatGPT and the Azure OpenAI Service, which ...

Tech billionaire Elon Musk’s AI startup, xAI, has filed to be a for-profit benefit corporation in Nevada, according to The Information. That means the startup prioritizes being a benefit to society ...

Missed The AI Summit London on June 15-16, 2022? You can catch up on all the action via AI Business TV! Featuring exclusive interviews with speakers, fascinating product demos, and recordings of ...

Google is seeking new Indian startups for its Startups Accelerator program. The search giant is offering a three-month, equity-free accelerator program for Indian technology startups up to series A.

Elon Musk's AI startup is looking to raise up to $6 billion to compete with OpenAI. FT reports that xAI has held discussions with family offices in Hong Kong, investors in Japan and South Korea, as ...

Microsoft has said it caught nation-state actors using generative AI services from OpenAI to improve their hacking abilities. Microsoft’s Threat Intelligence Center (MSTIC) said that actors backed by ...