Infosys loses $1.5 billion AI contract from global customer
Welcome, tech enthusiasts, to another riveting edition of Poco Ai's Daily AI News Briefing! Today, our virtual journey takes us through a labyrinth of AI tales that are reshaping the technological landscape. From multimillion-dollar contracts to poetic AI outputs, let's unravel the threads of the latest news and dive into the intriguing world of artificial intelligence.
Infosys Faces a Setback: Loses $1.5 Billion AI Contract 💸🤯
Infosys, the Indian IT major, has terminated a $1.5 billion agreement with an undisclosed global company focused on artificial intelligence (AI) solutions. The deal, announced in September for 15 years, aimed to enhance digital experiences using Infosys platforms and AI solutions. The termination comes less than two weeks after Infosys' CFO, Nilanjan Roy, resigned. The company did not disclose the reason behind canceling the project. This move adds pressure on Infosys and other Indian IT companies, which have faced muted business over the past few quarters. Infosys will report its October-December quarter earnings on January 11, 2024.
Apple reportedly wants to use the news to help train its AI models 🍏📰
Apple is reportedly in talks with major news publishers like Condé Nast, NBC News, and IAC to license their news archives for training its generative AI systems. The discussions involve potential multiyear deals, each worth at least $50 million. While some publishers are positive about partnering with Apple, others express concerns, as Apple has been vague about its plans, and publishers might be liable for legal issues arising from Apple's use of their content. Apple's recent AI efforts include significant investments and the release of a machine learning framework optimized for Apple Silicon. The company aims to enhance Siri and introduce AI-focused features in the next iOS release.
Humane AI Sets Sail: PIN Shipping in March 🚢💡
Humane has announced that its AI Pin, an AI-powered wearable, will begin shipping in March 2024. Priority orders will be fulfilled first, and shipments will be organized based on the purchase date. The AI Pin, revealed by Humane in a recent event, offers various AI services for responding to queries without requiring users to look at a screen. The device features a projection system for interactive displays. While the March timeframe provides a more specific shipping estimate, the AI Pin, priced at $699 with a mandatory $24 per month subscription, comes at a considerable cost.
Arkon Energy Ventures into Bitcoin Mining 🌐⛏️
Arkon Energy, a data center infrastructure company, has successfully closed a $110 million private funding round. Led by Bluesky Capital Management, the funding includes participation from Kestrel 0x1 and Nural Capital. Arkon Energy, founded in 2021, started with a 5-megawatt site in Australia and has expanded to over 130 megawatts, operating in various countries. About $80 million of the funding will be used to acquire an additional 200-megawatt capacity across new data centers in Ohio, North Carolina, and Texas. The remaining $30 million will be allocated to develop an artificial intelligence cloud service project at Arkon’s data center in Norway.
Closing Thoughts:
As we conclude this exhilarating expedition through today's AI news, remember—each revelation, whether a financial setback or a poetic proposal, contributes to the rich tapestry of technological evolution. AI is not just about algorithms; it's about the stories they tell and the impact they create.
Thank you for joining us on this enlightening journey. Until the next briefing, stay curious, stay informed, and continue to explore the vast universe of artificial intelligence. In the realm of AI, every revelation is a chapter in the book of tomorrow. Stay tech-savvy! 🤖📰
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