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Saudi Arabia launches $100 Billion AI initiative to lead in global tech

CIO Business Intelligence

The program, known as Project Transcendence, marks a significant push by the Kingdom to develop a robust AI ecosystem that can rival leading tech hubs, including neighbouring United Arab Emirates and other global technology centers. In recent years, the Kingdom has set up research centers, ministries, and educational programs focused on AI.

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Lightmatter launches photonic chips to eliminate GPU idle time in AI data centers

Network World

For enterprises investing heavily in AI infrastructure, this development addresses a growing challenge. Customers can expect the M1000 reference platform in the summer of 2025, allowing them to develop custom GPU interconnects. Lightmatters approach could flatten this architecture.

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10 quantum computing milestones of 2024

Network World

billion in 2026 though the top use case for the next couple of years will remain research and development in quantum computing. This means that they have developed an application that shows an advantage over a classical approach though not necessarily one that is fully rolled out and commercially viable at scale.

IBM 398
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Fujitsu, Osaka University develop quantum circuit generator to hasten pace to commercialization

Network World

Fujitsu and Osaka University have developed new technologies that they said will accelerate the move to practical quantum computing, the next-generation computing paradigm for workloads that increasingly demand more processing power than classical computing can provide.

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5 top business use cases for AI agents

CIO Business Intelligence

In a report released in early January, Accenture predicts that AI agents will replace people as the primary users of most enterprise systems by 2030. Software development and IT Cognition released Devin, billed as the worlds first AI software engineer, in March last year. And thats just the beginning.

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AI is wild card in data center energy demand, say electricity researchers

Network World

Data centers could consume upwards of 9% of US electricity generation by 2030, more than double the amount currently used, although the role AI contributing to the demand, a new study has found. While AI applications are estimated to use only 10%-20% of data center electricity today, that percentage is growing rapidly.”

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Energy shortages threaten to restrict 40% of AI data centers by 2027

Network World

“The explosive growth of hyperscale data centers for GenAI applications is creating an unprecedented demand for power,” Bob Johnson, VP Analyst at Gartner said in the research firm’s latest report. Total ICT electricity demands will exceed 9% of total global energy production by 2030, up from less than 3% today,” Johnson pointed out. “To