Search results for University of Cambridge
Telecommunications & Media
Starlink becomes cash cow in Elon Musk\'s empire, with upsides and downsides
Starlink has become a key profit engine in Elon Musk\'s business empire, generating more than 60 percent of SpaceX’s $18.6 billion revenue last year and standing as its only profitable unit, Business Insider reported. The service now reaches 13 million users in more than 167 countries, with SpaceX planning to launch tens of thousands more satellites. Its growing role in Ukraine highlights both operational advantages and concerns about dependence on decisions by a private CEO.
AI & Enterprise
AMD to build 2 AI supercomputers in UK, invest $2 billion over five years
AMD will invest $2 billion in Britain over the next five years to build artificial intelligence supercomputer infrastructure. The company said funds will go to AI research programmes and supercomputer construction, including a first system, Zenith, at the University of Cambridge. A second system, Sunrise, will be co-developed with the UK Atomic Energy Authority and designed for fusion research. CEO Lisa Su said the investment will improve access to computing resources for Britain’s “sovereign AI.”
Finance
Financial sector AI adoption hits 81 percent; profitability hinges on maturity and investment size
Artificial intelligence adoption in financial services has risen to 81 percent, indicating it has effectively become widespread, a survey found. Profitability and operational efficiency gains depended more on organisations\' AI maturity, the level of technological advancement and investment size than on adoption itself. Fintech firms advanced faster than traditional institutions. Machine learning led usage, with rapid uptake of generative AI and agentic AI. Data availability and quality emerged as the biggest bottlenecks.
