Alphabet considers first yen bond sale to fund AI goals
Alphabet is issuing yen bonds for the first time to fund its AI initiatives, mirroring a trend among Big Tech companies using debt markets for AI investments.
Read on Economic Times Tech →Elon Musk's xAI has launched a new subscription tier for its AI service, SuperGrok Lite, priced at $10 per month, offering faster access to AI-generated images and short videos.
Why it matters
This move by xAI signifies a strategy to democratize access to advanced AI capabilities by offering a more affordable subscription tier. The introduction of SuperGrok Lite, with its focus on multimedia generation, suggests a broader application of AI beyond text-based interactions and aims to attract a wider user base interested in AI-powered creative tools.
Elon Musk's AI company, xAI, is now offering a cheaper way to use their AI. For $10 a month, people can get faster access to AI-made pictures and very short videos.
Alphabet is issuing yen bonds for the first time to fund its AI initiatives, mirroring a trend among Big Tech companies using debt markets for AI investments.
Read on Economic Times Tech →Google is reportedly considering manufacturing AI servers in India, following HP's lead, as part of its global supply chain diversification strategy and in conjunction with its substantial AI hub investment in Visakhapatnam.
Read on Economic Times Tech →OpenAI employees cashed out significant equity in a secondary sale, valuing the AI company at $400 billion.
Read on Economic Times Tech →