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Apple Elevates Siri with AI Team Update; Meta’s $65B AI Investment
Apple makes a change to its AI team and plans Siri upgrades
Image Source: Verge
• Apple has appointed Kim Vorrath, a long-time Apple veteran, to enhance its AI efforts and Siri, signaling a focus on strengthening AI development.
• The AI team at Apple, led by John Giannandrea, is prioritizing revamping the infrastructure of Siri and enhancing the company's proprietary AI models for future improvements.
Zuckerberg Says Meta to Spend Up to $65 Billion on AI in '25
Image Source: Bloomberg
• Meta Platforms Inc. intends to invest up to $65 billion in AI projects in 2025, including constructing a massive new data center.
• The company plans to boost hiring in AI teams as part of its significant investment in artificial intelligence initiatives.
Mark Zuckerberg wants you to know he has a big AI data center, too
Image Source: Verge
• Mark Zuckerberg plans to spend up to $65 billion on AI by 2025, with a significant part of the investment going into a large AI data center in Louisiana to support Meta's AI ambitions.
• The announcement from Zuckerberg comes in response to competitors' recent news, such as Project Stargate, a $500 billion joint venture led by OpenAI, Softbank, and Oracle to build massive AI data centers in Texas and other locations.
AI-Driven Power Boom Will Drive Demand 38% Higher on Top US Grid
Image Source: Bloomberg
• Electricity demand on the largest US grid is expected to increase significantly due to the AI boom.
• The anticipated rise in electricity demand is projected to be equivalent to installing two New England networks in the next decade.
Lightspeed's $2 Billion Anthropic Megadeal Cements VC Firm's AI Ambitions
Image Source: Bloomberg
• Lightspeed's recent $2 billion deal signifies the firm's strong commitment to AI investments.
• The venture capital firm is focusing on participating in large-scale artificial intelligence transactions, reflecting the growing trend in the tech industry.