Latest AI News

Telus is acquiring full ownership of its digital services subsidiary, Telus Digital, in a deal valuing the remaining shares at $3.40 each, for a total valuation of approximately $946.8 million. This strategic move aims to give Telus greater control over AI capabilities and digital strategy. The acquisition will accelerate Telus' data initiatives across business segments and enhance its ability to deploy AI-powered solutions in areas like customer experience, healthcare technology, and cybersecurity. As a recognized telecommunications provider with diverse digital offerings, Telus views this acquisition as a path to industry leadership in AI innovation, potentially setting new standards for telecom companies seeking digital transformation.

German utility RWE has formed a strategic partnership with Amazon to advance both companies' clean energy goals. RWE will supply renewable electricity to Amazon's global tech infrastructure, supporting Amazon's aim to achieve net-zero carbon emissions by 2040 and source 100% renewable energy. RWE is accelerating its own energy transition by moving its coal phase-out to 2030 and increasing investments in renewables. This collaboration serves as a model for utility-tech partnerships in advancing global renewable energy adoption and climate action.

Micron Technology has announced a $200 billion investment to expand U.S. semiconductor manufacturing and research operations. The company will allocate $150 billion for memory manufacturing facilities in Idaho, New York, and Virginia, and $50 billion for R&D. This expansion will create approximately 90,000 jobs, secure 40% of Micron's DRAM production in the U.S., advance domestic AI capabilities through high-bandwidth memory packaging, and strengthen America's position in global technology. Construction on various facilities will begin throughout 2024, with DRAM production in Idaho scheduled to start in 2027.

Spanish AI startup Multiverse Computing raised $217M in Series B funding led by Bullhound Capital to revolutionize AI efficiency. Their CompactifAI tool uses quantum-inspired tensor networks to compress AI models by up to 95% while maintaining accuracy, reducing energy use and costs by up to 80%. The technology works with leading LLM architectures and increases inference speed by 50-80%. The funding raises the company's valuation to over $500M.