AI infrastructure

AI-Run Funds, Four-Day Work Weeks: Investors Say Hype Is Real

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(Bloomberg) — Whether firms are investing in AI infrastructure or using it to trim fat out of their businesses, the message from some of the world’s top financial executives: Jump in or lose out.  Every firm that Iconiq Capital invests in is embracing AI, according to partner Michael Anders. Goldman Sachs Group Inc. Chief Information … Read more

Lenovo’s Profit Beats Estimates as AI Fuels PC Recovery Hopes

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(Bloomberg) — Lenovo Group Ltd.’s quarterly profit beat projections, highlighting how AI infrastructure spending is helping pull the global PC market out of a years-long funk. Net income more than doubled to $692.7 million in the December quarter. That compares with an average estimate of $365 million. Revenue rose 20% to $18.8 billion, also beating … Read more