Amazon and The New York Times Ink Landmark AI Licensing Deal
Amazon has agreed to a multiyear content licensing deal with The New York Times, under which it will pay between $20 million and $25 million annually to access material from the Times’s…
Microsoft Plans $80 Billion AI Infrastructure Investment in 2025
Microsoft will invest $80 billion in AI infrastructure during fiscal year 2025, focusing on data centers designed to process AI workloads. The company plans to allocate more than half of…
Nicer Uses AI to Revolutionize the Travel Industry
Nicer, an innovative travel planning and booking platform, has successfully secured $2 million in seed funding to enhance its AI-powered service for travel advisors. The investment round was led by…
Microsoft Invests in OpenAI
Microsoft announced on January 23 that they were making a “multiyear, multibillion dollar investment” in OpenAI, the maker of ChatGPT. In 2019, Microsoft invested $1 billion in OpenAI, and described…