Western Digital WDC shares surged 7% on Monday as investors increased bets on companies positioned to benefit from the accelerating AI-driven memory and storage boom. The rally in Western Digital comes amid growing optimism around demand for high-capacity data center storage, with investors viewing the company as a key beneficiary of expanding AI infrastructure spending….
Asia-Pacific AI spending set to reach $370bn by 2029 International Data Corporation (IDC) projected that artificial intelligence and generative AI spending in Asia-Pacific will rise from 73 billion dollars in 2024 to 370 billion dollars by 2029, marking a fivefold increase driven by rapid enterprise adoption. The report highlights a compound annual growth rate of…
New app submissions to Apple’s App Store have surged 84%, driven largely by developers armed with AI-powered coding assistants that are lowering the barrier to software creation. Apple’s App Store just experienced a flood of new submissions unlike anything it has seen in years. According to reporting from 9to5Mac, new app submissions surged 84% in…
Industry estimates suggest that training frontier models now costs hundreds of millions of dollars, underlining the need for long-term chip supply agreements. As competition intensifies among AI firms, securing reliable, high-performance computing capacity has become a strategic priority to sustain innovation and meet rising user demand.
A sharp rise in new mobile apps is pointing to a shift in how software gets built – and who is building it. Recent data shows that AI coding tools are changing the scale of app creation. According to data reported by Apple and cited by 9to5Mac, the number of new app submissions to the…
Thanks to the new possibilities afforded by AI coding tools, the App Store is seeing a resurgence in new app submissions, even as Apple continues to take issue with some of the ways these apps are built and behave. Here are the details. Amid app submission surge, Apple turns to AI to scale App Store…
The AI boom isn’t slowing down; it’s accelerating. Loading audio narration… Lin Qiao, a former Meta engineer who helped build PyTorch, now runs Fireworks AI, a $4 billion startup processing 15 trillion AI tokens a day, and she says demand is only just getting started. “This is the year token consumption is going to grow…
A week after OpenAI said it would shutter its artificial intelligence video generator, Sora, rival tools like Kling AI and RunwayML are already gaining ground. Kling AI, a video generator app owned by China’s Kuaishou Technology, saw global weekly active users jump 4% to an average of 2.6 million last week from the prior week,…
China’s artificial intelligence platform DeepSeek experienced its longest service outage since its rapid rise in early 2025, disrupting access to its chatbot for several hours on Monday. According to the company’s status page, the outage lasted 7 hours and 13 minutes, beginning in the early morning and ending at 10:33 a.m. local time (0233 GMT),…
AI misuse drives alarming surge in online child abuse content in 2025 The rapid evolution in artificial intelligence has come with its dilemma of misusing the tools. According to safety watchdog, the AI misuse has fuelled alarming surge in child sexual abuse content found online in 2025. According to the Internet Watch Foundation (IWF), the…
