Latest AI News

Applied Digital has formed a 15-year, $7 billion partnership with CoreWeave to develop AI data centers in Ellendale, North Dakota. The agreement includes a 250-megawatt facility to be built in phases, with the first 100 MW operational by late 2025 and the remaining 150 MW by mid-2026. CoreWeave has an option for an additional 150 MW by 2027. The Ellendale campus could potentially expand to one gigawatt capacity. Applied Digital's stock responded positively to the announcement, which secures approximately $467 million in annual revenue and positions North Dakota as an emerging AI infrastructure hub.

Meta plans to revolutionize advertising by 2026 with AI tools that can fully create and target ads on their platforms with minimal input from brands. The technology will generate ad content, determine targeting, and allocate budgets automatically. It will also offer real-time personalization based on user data like location. This approach particularly benefits small businesses with limited resources. CEO Mark Zuckerberg envisions a future where businesses only need to set objectives and connect payment without handling creative aspects or targeting demographics. With Meta's massive user base, this shift could significantly impact the digital marketing industry.

Microsoft will invest $400 million to expand and upgrade its data centers near Geneva and Zurich. Announced on June 2, 2025, the investment aims to meet growing demand for AI and cloud services across Europe. The upgraded infrastructure will support ChatGPT-like AI tools, enhance security and energy efficiency, and provide Swiss businesses and public institutions with better access to Azure AI and cloud platforms. The initiative aligns with Microsoft's sustainability goals while strengthening Switzerland's position as a digital innovation hub in Europe.

Standard Chartered has appointed Yusuf Demiral as Global Head of Data, Analytics & AI for its Wealth and Retail Banking division, effective July 7, 2025. Based in Hong Kong, Demiral brings over 25 years of banking experience and previously served as HSBC's group head of data analytics and customer relationship management for wealth and personal banking. He will report to Samir Subberwal as Standard Chartered intensifies efforts to leverage advanced analytics and AI technologies to enhance customer experiences and drive growth in wealth management services.