Singapore’s Keppel has announced an agreement to acquire an AI-ready data centre being developed by Japan’s Mitsui Fudosan in Tokyo. The deal comes shortly after Keppel revealed plans to significantly increase its data centre funds under management, aiming to take advantage of the growing AI sector.
Mitsui Fudosan will handle the core and shell development of the facility, while Keppel’s private fund will oversee the fit-out works. The data centre is expected to be completed by 2027, with Keppel taking on the role of facility manager, which will contribute to its recurring income stream.
Keppel emphasised its ongoing partnership with Mitsui Fudosan to develop a strong pipeline of assets for its upcoming Keppel Data Centre Fund III. Financial details of the transaction have not been disclosed due to confidentiality agreements.
Amazon’s Prime Video has introduced ‘X-Ray Recaps‘, a new feature that provides spoiler-free summaries of TV episodes and seasons using AI technology. Designed to spare viewers from accidental spoilers, the feature offers concise synopses of individual episodes, entire seasons, and even specific scenes. Amazon assures that the AI-generated recaps have built-in safeguards to prevent any unwanted plot reveals, enabling viewers to enjoy their favourite shows worry-free.
X-Ray Recaps builds on Prime Video’s X-Ray feature, which traditionally offers information about cast members and trivia when viewers pause a scene. To access the new summaries, users can visit a TV show’s detail page and select from three options: episode recap, season recap, or previous season recap. Currently in beta, X-Ray Recaps is initially available to Fire TV users in the United States, with plans for broader device support by year’s end.
The feature is powered by Amazon’s own AI models developed with Amazon Bedrock and SageMaker, which analyse video, subtitles, and dialogue to craft summaries of key moments without revealing significant plot points. X-Ray Recaps also synchronises with where viewers are in an episode, delivering personalised recaps that align with the scene in progress.
The rollout comes as Prime Video’s competitor Google TV recently introduced its own AI-generated summaries for TV shows and movies, signalling growing interest in AI-powered tools for enhancing viewer experience.
Apple is set to face its first fine under the European Union‘s Digital Markets Act (DMA) for breaching the bloc’s antitrust regulations, according to sources familiar with the matter. This comes after EU regulators charged Apple in June for violating the new tech rules, which are designed to curb the dominance of big tech companies. The fine, expected to be imposed later this month, adds to Apple’s ongoing antitrust challenges in the EU.
In March, Apple was hit with a €1.84 billion fine for restricting competition in the music streaming market through its App Store policies. The company also faces additional investigations related to new fees on app developers and potential violations of the DMA, which could result in penalties of up to 10% of its global annual revenue.
The Digital Markets Act, which came into effect earlier this year, mandates Apple to make changes, such as allowing users to choose default browsers and permitting alternative app stores on its operating systems. Apple has not commented on the impending fine, and the European Commission has yet to provide a response.
Palantir Technologies raised its 2024 revenue forecast for a third time, attributing the surge to rising adoption of AI by government and corporate clients. The data analytics company now expects annual revenue between $2.805 billion and $2.809 billion, exceeding its previous outlook. Investor confidence has grown alongside the company’s strong performance in the AI sector, pushing shares up 13% in extended trading.
Government clients have continued to drive a substantial portion of Palantir’s revenue, with US government contracts alone increasing by 40% in the third quarter. These public sector contracts accounted for over 44% of the company’s third-quarter revenue, totalling $725.5 million and surpassing analyst expectations of $701.1 million. Palantir’s addition to the S&P 500 index and its stock’s 140% increase this year further highlight its impressive growth.
Despite its reliance on government contracts, Palantir’s commercial business is quickly gaining momentum. Industry analysts predict that its corporate sales, bolstered by the company’s AI solutions, may soon surpass government revenue. Palantir’s platform, used to test and debug code and evaluate AI scenarios, is attracting clients who appreciate the flexibility and quick turnaround for software decisions in the commercial sector.
Palantir’s revised forecast also included a rise in its adjusted income from operations to between $1.05 billion and $1.06 billion. Company executives highlighted that revenue growth is now feeding into bottom-line performance, reflecting the increasing demand for AI solutions across sectors. The company’s outlook for the fourth quarter remains strong, with revenue expected to exceed analysts’ projections.
Anthropic has unveiled Claude 3.5 Haiku, its latest AI model, which claims to outperform its previous flagship model, Claude 3 Opus. Designed for tasks such as coding support, data extraction, and content moderation, Claude 3.5 Haiku is now available on Anthropic’s API and several third-party platforms, including AWS Bedrock. Despite improvements, the new model lacks image analysis features, which its predecessor Claude 3 Haiku offers.
A price hike for Claude 3.5 Haiku has surprised many, as Anthropic previously suggested pricing would remain consistent with its older model. However, after outperforming Claude 3 Opus in final tests, Anthropic increased the model’s price to match its enhanced performance. The revised cost is now $1 per million input tokens and $5 per million output tokens — a fourfold increase from Claude 3 Haiku’s pricing.
Claude 3.5 Haiku provides advantages in text output length and an updated knowledge cutoff, enabling it to handle more recent information than Claude 3 Haiku. Despite this, the absence of image analysis functionality may lead some users to stick with the earlier, more affordable Claude 3 Haiku.
The unexpected price increase raises questions about Anthropic’s pricing approach as competition intensifies in the AI industry. As new models are developed, balancing enhanced features with accessibility is expected to remain a challenge for AI companies.
The Competition and Markets Authority (CMA) has temporarily halted the proposed £762 million acquisition of UK logistics firm Wincanton by American logistics company GXO, citing potential competition risks. This decision follows the CMA’s preliminary investigation, which raised concerns about the merger’s impact on the already competitive contract logistics services sector.
An interim enforcement order (IEO) is now in effect, preventing any integration of the two firms during the review process. The CMA’s phase 1 investigation indicated that the merger could reduce competition in a market valued at £16 billion in the UK, where GXO and Wincanton are key players competing for contracts with major retailers. Naomi Burgoyne, senior director of mergers at the CMA, warned that diminished competition could lead to higher costs for consumers reliant on efficient delivery services.
GXO has five days to propose solutions to address the CMA’s concerns. If the proposals are found inadequate, the regulator will proceed to a more detailed phase two investigation. In response to the CMA’s announcement, a GXO spokesperson stated that they are reviewing the decision and are committed to collaborating with the CMA to achieve a favourable outcome, asserting that the acquisition would benefit logistics customers across the UK and support government initiatives for economic growth.
Tenstorrent, a Silicon Valley startup founded by veterans from Apple and Intel, has secured a deal with the Japanese government to train up to 200 Japanese chip designers over the next five years. This partnership, announced on Tuesday, includes a $50 million investment shared between Tenstorrent and Japan’s Leading-edge Semiconductor Technology Centre. It is part of Japan‘s initiative to revitalise its semiconductor industry, which has seen a significant decline since its dominance in the 1980s.
Central to this revitalisation effort is Rapidus, a government-backed contract chipmaker aiming to begin mass production of advanced semiconductors by 2027. To support Rapidus’s goals, the collaboration with Tenstorrent focuses on creating future customers by educating Japanese engineers in the US about chip design. Starting in April 2025, these engineers will work closely with Tenstorrent’s experienced team, including industry veterans who have worked on Apple chips.
The agreement allows Tenstorrent to retain the chip designs created during the training, which will utilise RISC-V, an open chip design architecture. Upon returning to Japan, the engineers will be equipped to leverage their new knowledge to develop their own RISC-V designs, further contributing to the growth of Japan’s semiconductor capabilities. Tenstorrent’s Chief Customer Officer, David Bennett, emphasised that Japan’s proactive investments reflect its commitment to taking control of its technological future.
OpenAI, led by Sam Altman, is exploring a move to transition from a non-profit to a for-profit company, according to Bloomberg News. Early discussions with the California attorney general’s office aim to alter OpenAI’s corporate structure, signalling a significant shift in the governance of the AI research pioneer. Originally founded in 2015 as a non-profit, OpenAI’s new direction could open the door to increased investment opportunities.
The potential change in status would mark a strategic shift for the company, which developed the popular AI tool ChatGPT. OpenAI’s connection with Microsoft, which invested heavily in the company, has been a key factor in its growth. In September, reports emerged that OpenAI was already contemplating restructuring as a for-profit benefit corporation, with a new structure aimed at enhancing business opportunities while keeping its non-profit arm involved.
The non-profit branch of OpenAI would continue to exist and hold a minority stake, allowing the organisation to maintain some of its founding mission. This balance could appeal to investors while retaining a foothold in its original purpose of ethical AI development. OpenAI’s funding has also surged recently, including a $6.6 billion funding round, potentially valuing the firm at $157 billion.
With substantial backing and increased investor interest, OpenAI’s shift could cement its position as one of the world’s most valuable private companies. The move reflects broader trends in AI, where companies are aligning profit goals with technological innovation to remain competitive in a rapidly evolving market.
Kioxia, backed by Bain Capital, announced on Tuesday that it anticipates a 2.7-fold increase in demand for flash memory over the next five years, fueled by the surge in AI. After facing significant challenges in the memory chip market, the company is preparing to expand production capacity at its new facility in Kitakami, located in Iwate prefecture, north of Tokyo. Although production at this facility was initially scheduled to start last year, it has been postponed until autumn 2025.
The chipmaker, formerly known as Toshiba Memory, has experienced significant changes, including its separation from the troubled Toshiba Corporation under Bain’s leadership. Kioxia continues to manufacture chips in Yokkaichi, Mie prefecture and recently commenced sample shipments of its latest NAND flash memory. The growing demand for AI is driving investments in server technology and is expected to rejuvenate interest in smartphones and PCs.
Executive Vice President Tomoharu Watanabe stated that the new Kitakami factory, set to come online next autumn, will provide the necessary capacity to meet increasing demand. In February, the Japanese government pledged up to $1.64 billion in subsidies to Kioxia and partner Western Digital to support capacity expansion at both the Yokkaichi and Kitakami facilities. Meanwhile, Bain Capital has cancelled plans for an initial public offering for Kioxia after investors expressed concerns about its valuation. Kioxia’s evolution is being closely watched as Japan aims to revitalise its once-dominant semiconductor industry.
Apple is set to integrate OpenAI’s ChatGPT with Siri and other iOS features, rolling out in December with iOS 18.2. Beta testers of iOS 18.2 have discovered an option in the Settings app allowing users to subscribe directly to ChatGPT Plus, OpenAI’s premium plan, for $20 a month. This move offers Apple users a streamlined way to access ChatGPT‘s advanced features, which include more capable AI models and additional voice and image options.
Free users of ChatGPT will still face some limitations, including restricted access to OpenAI‘s most advanced models and fewer image generations per day. However, OpenAI could see a surge in paid subscriptions from the partnership as Apple’s exposure could drive substantial user interest in ChatGPT Plus.
The specifics of the financial terms between Apple and OpenAI are unclear. Apple isn’t reportedly paying OpenAI directly, relying instead on enhanced exposure, though questions remain about any potential revenue sharing. Apple’s broader AI plans indicate it will also include models from other developers in future updates, possibly incorporating Google’s Gemini.
In the background, OpenAI is working to secure additional funding amidst a period of rapid change, including the departure of key executives and a recent $6.6 billion funding round, which Apple reportedly declined to join following unexpected shifts at OpenAI.
