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AI & Enterprise

Japan joins U.S. AI project Genesis Mission to co-invest $1 billion over five years

Japan will join the U.S. government’s artificial intelligence research project Genesis Mission as its first overseas partner. The two countries plan to invest $1 billion over five years to jointly develop technology to accelerate scientific research. Senior officials from Japan’s education and industry ministries are to visit the United States in early June and officially announce cooperation measures with the Department of Energy, which oversees the programme.

AI & Enterprise

Apollo says no clear evidence yet AI is cutting jobs

Apollo Global Management chief economist Torsten Slok said there is no evidence so far that AI is reducing jobs. Citing the ADP National Employment Report, he said private-sector employment is still rising and companies are hiring workers needed to adopt AI. He wrote that demand for AI implementation specialists is increasing and data center expansion is pushing up wages for AI talent and prices for semiconductors, equipment and energy.

AI & Enterprise

Anthropic-led joint venture buys Fractional AI to step up custom enterprise AI services

An AI services venture jointly funded by Anthropic, Blackstone and Hellman & Friedman has acquired San Francisco-based applied AI services firm Fractional AI, SiliconANGLE reported on May 21. The deal value was not disclosed. The venture is backed by $1.5 billion in total commitments from Anthropic, Blackstone, Hellman & Friedman and Goldman Sachs to help mid-sized companies adopt Claude for core business work.