According to the CEO of one AI startup, “Today’s artificial intelligence systems are akin to the dial-up internet of yesteryear. The space is in need of a reality check.” Sachin Duggal, Co-founder and CEO of Builder.ai said that we have only just started to imagine what is possible with AI. Duggal said, “We’re only in…
The cloud-computing market keeps growing as firms move an increasing number of workloads out of their own data centers, but executives from the leading cloud providers said this week that clients are looking for ways and means to trim costs. The result is slowing income growth at the cloud divisions run by Microsoft, Amazon, and Google. It’s…
Amazon said Thursday that its cloud unit Amazon Web Services grew revenue by around 16% in the first quarter of this year, a slightly more rapid growth than analysts had estimated. Revenue from AWS totaled $21.35 billion, representing about 17% of Amazon’s overall earnings, according to Amazon’s earnings statement. Analysts surveyed by StreetAccount had anticipated $21.22…
European Union negotiators secured a historic deal to decarbonize the air travel sector, seeking to cut heat-trapping emissions by giving a push to the region’s green aviation fuel market. The agreement on the ReFuelEU Aviation proposal followed talks and was reached at the conclusion by the European Parliament and the Council. It should be now approved by EU…
