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AI & Enterprise

AI Big 2 and cloud Big 3 build in-house FDE teams, step up enterprise AX push

Microsoft said on July 2 it will set up a dedicated organisation, Microsoft Frontier Co, to support corporate AI adoption and invest $2.5 billion. The unit will be staffed by 6,000 employees deployed directly to customer sites, including existing field engineers, technical consultants, support staff and industry sales. AWS announced a $1 billion FDE organisation, while OpenAI and Anthropic also formed teams. Google is hiring hundreds of FDEs.

AI & Enterprise

Twelve Labs raises $100 million in additional funding, expands AWS alliance

Video-understanding AI foundation model developer Twelve Labs said on Tuesday it raised $100 million in Series B funding to pursue general intelligence beyond basic video understanding. The round was co-led by NEA and Naver Ventures, with participation from Amazon, Radical Ventures, Korea Investment Partners, Index Ventures, Kadriyu Capital and Red Bull Ventures. Twelve Labs said its total funding has surpassed $207 million and it will deepen cooperation with Amazon Web Services.

AI & Enterprise

Meta steps up cloud infrastructure push, considers selling AI models

Meta is stepping up efforts to enter the cloud business using data centres built with large capital outlays, Bloomberg News reported. It is preparing a cloud infrastructure service that sells AI computing power along with access to models, putting it in competition with major providers such as AWS, Google Cloud and Microsoft Azure. Meta is considering renting computing capacity and offering access to AI models running on its infrastructure.