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On September 17th, several major US tech companies announced they would invest over $40 billion to expand the UKs AI infrastructure, a significant boon for the country, coinciding with a state visit from President Trump. Microsoft (MSFT.O) said on Tuesday it would invest $30 billion in UK AI infrastructure and existing operations by 2028, its largest financial commitment yet in the country. Google (GOOG.O) said it would invest approximately $6.8 billion in AI, R&D, and related engineering in the UK over the next two years. Meanwhile, Nvidia (NVDA.O), OpenAI, and British company Nscale are collaborating to build AI infrastructure in the UK to meet OpenAIs computing needs. The project, called "Stargate UK," is expected to be located in northeast England and utilize tens of thousands of Nvidias Grace Blackwell Ultra graphics processing units. Among other investments, AI cloud computing company CoreWeave plans to invest approximately $2.04 billion in AI data center capacity and operations in the UK. Salesforce announced it would invest a further $2 billion in its UK operations by 2030, while BlackRock will pour £500 million into data centers across the UK.On September 17th, local time, it was learned on the 16th that Israels Intelligence and Secret Service (Mossad) deployed 100 foreign agents in Iran at the start of the Israel-Iran conflict in June of this year. Israels Channel 13 reported that day that, according to information disclosed publicly for the first time by the Israeli Mossad, the agency established a "small army" of 100 foreign agents in Iran at the beginning of the Israel-Iran conflict in June of this year. Their mission was to destroy Irans numerous missile launchers and air defense systems at the outset of the conflict. The report said that these agents were well-trained and capable of operating missile systems weighing hundreds of kilograms. These missile systems were smuggled into Iran and used to attack Iranian ballistic missile launchers and air defense missile systems. This was reportedly the largest operation by the Israeli Mossad to date.Nvidia (NVDA.O) will work with the UK to build a national artificial intelligence infrastructure and ecosystem to drive innovation, economic growth and jobs.UK Government: Salesforce announced it will increase investment in its UK operations by $2 billion by 2030.UK Government: Coreweave announces £1.5 billion investment to drive UK AI innovation and growth through sustainable computing.

BlackRock’s Fink says there may have been misbehaviors at FTX

Skylar Shaw

Dec 01, 2022 15:10

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Despite there appears to have been some improper behavior at the cryptocurrency startup FTX, BlackRock's Chief Executive Officer Larry Fink stated on Wednesday that the technology underlying cryptocurrencies is still important today.


We'll have to wait and see how everything turns out (with FTX). At a New York Times Dealbook event, Fink said, "I mean, right now we can make all the judgment calls and it appears like there were misbehaviors of big implications." He added that BlackRock invested $24 million in FTX through a fund of funds it administers.