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News
IBM, Together AI ink $240 million deal for Nvidia-powered AI inference cluster - AOL
2+ week, 5+ day ago (243+ words) Aug 11 (Reuters) - IBM and startup Together AI have signed a $240 million multi-year agreement to build a large-scale artificial intelligence cluster on IBM Cloud using Nvidia systems, the companies said on Tuesday. The cluster will provide inference for open-source AI models,…...
AMD's AI-powered revenue forecast fails to wow investors - AOL
2+ week, 5+ day ago (588+ words) By Anhata Rooprai and Max A. Cherney Aug 4 (Reuters) - AMD forecast quarterly revenue above Wall Street estimates on Tuesday, banking on strong demand for its chips from massive data-center capacity expansions to power AI technologies. Yet, its shares fell nearly 9% in…...
Citi renews Nvidia stock forecast ahead of earnings - AOL
2+ week, 6+ day ago (778+ words) Shares of Nvidia (NVDA) have gained 15.1% year to date, outperforming the S&P 500 but trailing chipmaking peer AMD (AMD), which has surged 120.1%, and the Philadelphia Semiconductor Index, which has rallied 63.7% over the same period. Investors are growing more cautious about…...
Ryanair signs five-year Google Cloud deal, expands use of AI in airline operations - AOL
3+ week, 1+ day ago (240+ words) LONDON, Aug 12 (Reuters) - Ryanair said on Wednesday it would deploy Google's Gemini AI tools and DeepMind models across its operations under a new five-year cloud partnership, using the technology to help manage crew scheduling and make operational decisions. Ryanair, Europe's…...