Blackstone, the world's largest alternative asset manager, plans to invest $30 billion in Japan's AI data centers over the next three to five years. The company aims to develop facilities exceeding 1 gigawatt in the country and capture the entire AI ecosystem.
Meanwhile, Albertsons has integrated sponsored product discovery into its AI-powered conversational search, partnering with Criteo to enable brands to connect with shoppers. Over 85% of Albertsons' AI-powered conversations begin with open-ended or exploratory questions.
Oracle has taken a different approach, laying off 21,000 employees as part of its effort to build AI capabilities and focus on emerging technologies like AI and cloud computing. The company has been investing heavily in AI research and development.
Despite the AI boom, big tech companies are cutting tens of thousands of jobs. The global tech industry has seen significant job cuts in recent years, with the International Labor Organization reporting that the industry has been investing $650 billion in AI.
In other news, Ubotica Technologies raised $11 million to expand its maritime-intelligence platform, enabling satellite constellations to quickly detect threats across vast ocean areas. SKYX Platforms plans to deploy over 1 million smart home products by 2026, driving growth through AI integration, safety features, and partnerships.
Workday is facing a class-action lawsuit in California over alleged AI bias in its job screening tools, while Plaud's AI voice recorders are on sale for Prime Day, capable of transcribing and summarizing meetings and other audio.
Key Takeaways
["Blackstone plans to invest $30 billion in Japan's AI data centers over the next three to five years.", 'Albertsons integrates sponsored product discovery into its AI-powered conversational search.', 'Oracle lays off 21,000 employees to focus on AI capabilities.', 'Big tech companies invest $650 billion in AI despite cutting tens of thousands of jobs.', 'Ubotica Technologies raises $11 million for its maritime-intelligence platform.', 'Workday faces a class-action lawsuit over alleged AI bias in its job screening tools.', "Plaud's AI voice recorders are on sale for Prime Day.", 'SKYX Platforms plans to deploy over 1 million smart home products by 2026.', 'Blackstone aims to capture the entire AI ecosystem in Japan.', 'The global tech industry sees significant job cuts despite AI investments.']Blackstone invests $30 billion in Japan AI data centers
Blackstone plans to invest $30 billion in artificial intelligence data centers in Japan over the next three to five years. The company's president and chief operating officer, Jonathan Gray, stated that Japan will become a key private equity market. Blackstone aims to capture the entire AI ecosystem and believes that building enough computing resources is crucial.
Blackstone to invest $30 billion in Japan AI data centers
Blackstone is planning to invest $30 billion in Japan's AI data centers over the next three to five years. The investment aims to develop facilities exceeding 1 gigawatt in the country. Blackstone's president, Jonathan Gray, shared the plans in a recent interview with Nikkei.
Blackstone plans $30 billion in AI data centers
Blackstone, the world's largest alternative asset manager, plans to invest $30 billion in Japan's AI data centers. The company is in discussions to develop facilities with a capacity exceeding 1 gigawatt. Blackstone did not immediately respond to a Reuters request for comment.
Albertsons adds sponsored ads to AI grocery search
Albertsons has integrated sponsored product discovery into its AI-powered conversational search. The company partnered with Criteo to enable brands to connect with shoppers during key planning and shopping moments. Over 85% of Albertsons' AI-powered conversations begin with open-ended or exploratory questions.
Oracle cuts 21,000 jobs for AI investments
Oracle laid off 21,000 employees as part of its effort to build AI capabilities. The company aims to reduce costs and focus on emerging technologies like AI and cloud computing. Oracle has been investing heavily in AI research and development.
Workday faces AI bias lawsuit in California
Workday is facing a class-action lawsuit in California over alleged AI bias in its job screening tools. The lawsuit claims that Workday's software can weed out job applicants based on discriminatory factors.
Big Tech slashes jobs despite AI boom
Despite investing heavily in AI, big tech companies are cutting tens of thousands of jobs. The global tech industry has seen significant job cuts in recent years. The International Labor Organization reported that the industry has been investing $650 billion in AI.
Plaud AI voice recorders on sale for Prime Day
Plaud's AI voice recorders are on sale for Prime Day. The recorders can transcribe and summarize meetings and other audio.
Ubotica raises $11 million for AI platform
Ubotica Technologies raised $11 million to expand its maritime-intelligence platform. The platform enables satellite constellations to quickly detect threats across vast ocean areas.
SKYX to deploy over 1 million smart home products
SKYX Platforms plans to deploy over 1 million smart home products by 2026. The company aims to drive growth through AI integration, safety features, and partnerships.
Sources
- Blackstone to invest $30bn in Japan AI data centers: president
- Blackstone plans $30 billion investment in Japan AI data centres, Nikkei reports
- Blackstone plans $30 billion investment in Japan AI data centres, Nikkei reports
- Albertsons Adds Sponsored Product Discovery to AI-Based Conversational Search
- Albertsons Media Collective Brings Sponsored Product Discovery to AI-Powered Conversational Search
- Oracle cut 21,000 jobs as AI buildout continues
- Workday must face California lawsuit over AI bias in job screening tools
- Big Tech Slashes Jobs Despite AI Boom
- Eliminate note-taking headaches — Plaud's AI voice recorders are in the Prime Day sale
- Ubotica raises $11 million to scale maritime-intelligence platform
- SKYX: Plans to deploy 1M+ smart home products by 2026, driving growth through AI, safety, and partnerships
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