Tag: Intel Corp

Raimondo: Commerce Dept. will spend all of the CHIPS Act grant money this year

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[ad_1] TAYLOR, Texas — The Commerce Department is on track to dole out all of the $39 billion in grant money allocated under the CHIPS Act by year-end, Commerce Secretary Gina Raimondo told CNBC on Monday. The Commerce Department is providing the money to semiconductor companies to incentivize them to build out manufacturing production capabilities in the U.S. The Biden administration announced earlier Monday that it would be providing Samsung with up to $6.4 billion in grants to expand two chip plants in central Texas — leaving roughly $16 billion…

Microsoft will unveil new Windows and cloud AI features in May

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[ad_1] Mustafa Suleyman, co-founder and chief executive officer of Inflection AI UK Ltd., speaks at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. Stefan Wermuth | Bloomberg | Getty Images Microsoft will reveal brand-new artificial intelligence tools for use on PCs and in the cloud at its annual Build conference, according to a session list posted Wednesday. In January, Microsoft CEO Satya Nadella told analysts that 2024 is the year when “AI will become [a] first-class part of every PC,” and the itinerary for Microsoft’s May conference…

Google unveils custom Arm-based chips, following similar efforts at rivals Amazon and Microsoft

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[ad_1] Google is trying to make cloud computing more affordable with a custom-built Arm-based server chip. At its Cloud Next conference in Las Vegas on Tuesday, the company said the new processor will become available later in 2024. With the new Arm-based chip, Google is playing catch-up with rivals such as Amazon and Microsoft, which have been employing a similar strategy for years. The tech giants compete fiercely in the growing market for cloud infrastructure, where organizations rent out resources in faraway data centers and pay based on usage. Google…