Tag with "Tech Investment"

Xiaomi founder Lei Jun has unveiled an ambitious $830 million AI investment plan over the next three years, with $220 million earmarked for 2026 alone. The tech giant launched its MiMo-V2 model series, including an agent-focused flagship and multimodal versions, while demonstrating AI integration across smartphones and electric vehicles. This move signals Xiaomi's strategic shift from hardware to becoming a comprehensive AI player.

Xiaomi founder Lei Jun announced a massive $6 billion AI investment plan while unveiling an upgraded SU7 electric sedan that now costs 4,000 yuan more. The company's new AI models rank among the world's top performers, but investors showed concern about the heavy spending as Xiaomi shares dropped 6% post-announcement. The SU7 refresh brings smarter features and hardware improvements, backed by celebrity star power.

Jeff Bezos is making his boldest move yet beyond Amazon. The billionaire is raising a staggering $100 billion fund to acquire traditional manufacturers and supercharge them with AI. Through his secretive Project Prometheus, Bezos aims to turn aging factories into cutting-edge smart facilities. The plan could reshape entire industries, from aerospace to chip manufacturing. Bezos has already begun pitching investors in Singapore and the Middle East for what may become the largest industrial transformation in decades.

Google has taken a stand against AI-generated junk content with its first direct investment in children's animation. The tech giant is backing Animaj, an AI-powered studio committed to creating educational content, signaling YouTube's push for quality in kids' programming. As part of the deal, Animaj will gain early access to Google's unreleased AI models like Veo and Gemini.

NVIDIA is making its boldest move yet beyond chips, pledging $26 billion to develop open AI models. This strategic shift aims to transform the company from hardware provider to full-stack AI powerhouse. Their Nemotron 3 Super model already shows promise, outperforming rivals in benchmarks. The investment signals NVIDIA's ambition to shape the future of AI development while strengthening its ecosystem.

Google has unveiled its ambitious European AI strategy with a massive new research center in Berlin. Bringing together DeepMind, Google Research, and Google Cloud under one roof for the first time, the tech giant is investing €5.5 billion across Germany through 2029. The move positions Google to tap into Europe's booming AI market, projected to add €440 billion annually to Germany's economy by 2034.

NVIDIA's Jensen Huang revealed at a tech conference that their $3 billion investment in OpenAI will likely be their last as the AI company prepares for IPO. The deal includes exclusive access to cutting-edge computing power resources. Meanwhile, OpenAI diversifies its chip suppliers beyond NVIDIA, signaling shifting dynamics in the AI hardware landscape.

Suno, the AI music platform, faces mounting legal troubles after its lead investor made comments undermining the company's copyright defense. C.C. Gong of Menlo Ventures admitted switching from Spotify to Suno, contradicting claims that AI music doesn't compete with human creators. The deleted tweet has become ammunition for rights holders arguing Suno harms original artists' market value.

China Telecom has made a strategic investment in Beijing Mianbi Intelligent Technology, signaling stronger collaboration between telecom giants and AI innovators. The move boosts Mianbi's registered capital to 7.13 million yuan and positions the Tsinghua University spin-off for accelerated growth in large model applications. With new backing from both telecom and local investment funds, Mianbi aims to expand its work in intelligent robots and AI infrastructure.

Amazon is pouring $12 billion into a new AI data center campus in Louisiana, creating hundreds of jobs and boosting local infrastructure. This massive investment is part of Amazon's broader $200 billion push to dominate the AI computing space, even as Wall Street watches closely. The project promises cutting-edge technology while addressing environmental concerns through innovative cooling solutions.

Google's parent company Alphabet is making a massive $20 billion bet on artificial intelligence infrastructure. The bond issuance, larger than initially expected, will fund an aggressive expansion of data centers to support AI development. This move mirrors similar investments by tech giants like Amazon and Microsoft, signaling an industry-wide race to dominate the next generation of computing power.

China's robotics sector just got a major cash injection. The Beijing Humanoid Robot Innovation Center has secured over 700 million yuan in funding, backed by tech heavyweights like Baidu and Xiaomi. This national platform aims to accelerate breakthroughs in humanoid robot technology, bringing sci-fi visions closer to reality. Investors are betting big on embodied intelligence - the next frontier where machines interact physically with our world.

OpenAI is gearing up for what could be the largest fundraising round in tech history, with ambitions to secure up to $100 billion. Heavyweights like NVIDIA, Microsoft, and Amazon are lining up with multi-billion dollar commitments, fueling an AI arms race that's reshaping the tech landscape. The staggering sums reflect the astronomical costs of developing cutting-edge AI - OpenAI alone expects to burn through $70 billion in computing expenses by 2030.

NVIDIA is doubling down on artificial intelligence infrastructure with a massive $2 billion investment in cloud provider CoreWeave. The deal will accelerate development of next-generation data centers packing over 5GW of computing power by 2030. While CoreWeave carries significant debt, NVIDIA's backing signals strong confidence in their transition from crypto mining to AI cloud services serving tech giants like OpenAI and Microsoft.

Chinese AI company StepZen has secured a massive 5 billion yuan ($700M) investment, marking the largest single funding round in China's AI sector this year. The deal brings tech industry veteran Yin Qi onboard as chairman, signaling a strategic shift toward integrating AI into physical devices. StepZen is betting big on multimodal AI that can interact with smartphones, cars and other real-world interfaces.

AI companionship startup Natural Selection has secured over $30 million in funding from tech heavyweights Alibaba and Ant Group. The company's flagship product EVE uses advanced emotional intelligence models to create more lifelike digital companions. With innovative memory systems and 3D interaction designs, Natural Selection aims to redefine how humans connect with AI.

Pittsburgh-based Skild AI just landed a whopping $1.4 billion investment, catapulting its valuation to $14 billion. Tech heavyweights like SoftBank and NVIDIA are betting big on the company's vision to create a universal 'brain' for robots—one that could teach machines to adapt rather than just follow scripts. Imagine robots that learn household chores by watching videos, then apply those skills whether they're humanoid helpers or industrial arms.

Reliance Industries is doubling down on artificial intelligence with a staggering 7 trillion rupee ($84 billion) investment plan in Gujarat. The centerpiece? India's largest AI-ready data center in Jamnagar, designed to deliver 'affordable AI' nationwide through Jio's multilingual platform. The ambitious project has already drawn international attention from buyers across 16 countries.

Chinese tech giants Ant Group and Meituan have joined forces to invest in Shenzhen-based AI hardware company Guangzhi Space, signaling strong industry confidence in next-generation artificial intelligence interfaces. The startup, focused on developing AGI-powered interactive devices, saw its registered capital jump nearly 30% following the funding round. This strategic move positions both investors at the forefront of what many see as the next battleground in tech - intuitive hardware for the AI era.

SoftBank Group has significantly boosted its stake in OpenAI, injecting an additional $2.25 billion into the AI powerhouse. The investment, completed December 26, pushes SoftBank's ownership to about 11% while attracting another $1.1 billion from other investors. This move signals strong market confidence in OpenAI's technology as the company prepares to monetize ChatGPT through advertising.