Forget AI’s ROI

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Tech Across the Globe

Intel’s win: Alphabet’s Google committed to using future generations of Intel’s data center chip. Here’s why it’s a boost for the struggling semiconductor maker.

OpenAI’s edge: OpenAI told investors it has “rapidly and consistently” added more computing capacity than its leading rival, Anthropic. The company says that gives it an advantage.

Iran’s internet blackout: SpaceX’s Starlink satellite terminals, smuggled into Iran, have helped some residents connect to the outside world after the regime shut down access to the web. See how it works.

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UAE’s AI Leader Plans Big US Expansion, Looking Past Iran War

Despite attacks on regional infrastructure, G42 says its data center campus and overseas plans are on track.

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CoreWeave, Meta Strike Latest $21 Billion Deal for AI Computing

CoreWeave Inc. has struck another, much larger $21 billion deal to supply computing power to Meta Platforms Inc. through 2032, deepening its business with the social media giant that’s trying to catch up in the race to build more powerful artificial intelligence models.

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Software Slumps Anew With Growth Hopes ‘Dashed on the Rocks’

Shares of software companies fell on Thursday, in the latest example of the group slumping amid concerns about disruption from artificial intelligence services.

Bloomberg Event

Bloomberg Tech returns to San Francisco on June 3 and June 4. Led by Emily Chang and Tom Giles, the conference pulls together leading CEOs, investors and innovators shaping the future. Drawing on Bloomberg’s global newsroom and Terminal data, we’ll explore the capital, connectivity and ideas driving the industry forward. Register here.

Must Read

Nvidia Chief Executive Officer Jensen Huang says business leaders are too focused on generating an immediate profit from their investment in artificial intelligence, rather than experimenting to find the best ways to use the technology, Ian King reports in today’s Tech In Depth. Easy for Huang to talk about ignoring a return on investment, or ROI, writes King, as his company makes about 75 cents on every dollar of revenue primarily because of demand for its AI chips.

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This Week in Q&AI

Anthropic unveiled its most powerful AI model, Mythos, but limited the release to a small group of trusted companies out of fears about cybersecurity features, Shirin Ghaffary reports in this week’s Q&AI. The model found vulnerabilities in “every major operating system,” Anthropic said, causing the company to restrict the release so the companies could fix the issues before hackers found them.

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