January 14, 2025

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Latest January 14, 2025

Amazon Faces Challenges in Launching Generative AI-Powered Alexa

Key Points Amazon’s generative AI-powered Alexa, initially planned for 2024, faces delays with no confirmed release date. Addressing "hallucinations," or false AI outputs, is a major industry-wide challenge Amazon is tackling. Reducing response latency is critical to meeting user expectations for quick answers. The new assistant will feature Anthropic’s Claude AI and Amazon Nova models,...

Wildfires Disrupt Los Angeles Asset Management Firms as Operations Adapt

Key Points The Los Angeles wildfires affected firms managing over $4 trillion in assets. TCW CEO Katie Koch and other employees lost their homes to the fires. Anacapa Advisors lost its Pacific Palisades office but continues operations remotely. Oaktree Capital ensures uninterrupted operations via a backup-powered data center. Firms like DoubleLine and Milken Institute adopt...

Biden to Issues Executive Order to Bolster AI Data Centers and Clean Energy Infrastructure

Key Points Biden’s executive order targets AI energy demands with gigawatt-scale data centers on federal land. Companies must purchase U.S.-made semiconductors for projects on federal sites. AI developers will require five gigawatts of data center capacity by 2028 for advanced models. The initiative includes measures to streamline grid interconnections and permitting. U.S. President Joe Biden...

Atlassian Corporation

Atlassian Corporation, a global leader in team collaboration and productivity software, has redefined how teams work together in an increasingly...