Newscasts - AI Weekly: Mega deals and Molière-inspired plays
19/11/2025 14:10
Click the following link to watch video: https://share.newscasts.refinitiv.com/link?entryId=1_8eh94sl0&referenceId=tag:reuters.com,2025:newsml_RW315719112025RP1_930&pageId=Newscasts Source: 'Reuters - Business videos' Description: From a mega spending deal from major AI players to a Molière-inspired play, we round up the week's big stories from the AI revolution. Caroline Malone reports. Short Link: https://lseg.group/47NACqq Video Transcript: From multi-billion dollar deals to plays written with AI, this is AI Weekly. Microsoft and NVIDIA have made a mega deal with Claude maker Anthropic featuring tens of billions of dollars of spending. It includes a $30 billion commitment by the AI company to Microsoft's Cloud service Azure and both NVIDIA and Microsoft committing up to $10 billion and $5 billion in Anthropic respectively. The agreement brings together major players in the AI industry, with Claude being a major rival to ChatGPT. Elon Musk's artificial intelligence startup, xAI is in advanced talks to raise $15 billion in new equity at a valuation of $230 billion. That's according to The Wall Street Journal. The new valuation would more than double the amount disclosed in March. The startup has been rapidly scaling its data center footprint to train more advanced models as it tries to close the gap with OpenAI's ChatGPT and Anthropic's Claude. Bank of America is planning to spend $4 billion more in new technology, including AI to boost bankers’ productivity and drive revenue growth. The bank's chief technology officer says its 18,000 developers have used AI for the past year with significant gains in productivity. The second biggest US lender sends AI-generated market information to its financial advisors, combined with data on clients’ portfolios so that bankers can better tailor their investment advice. NVIDIA's move to use smartphone-style memory chips in its AI servers could cause server memory prices to double by late 2026. That's according to a report published Wednesday by Counterpoint research. Electronic supply chains worldwide have been hit by a shortage of legacy memory chips in the last two months. Manufacturers have turned their focus to high-end memory chips suited to semiconductors. Counterpoint says NVIDIA's decision to reduce AI server power costs by changing the kind of memory chip it uses could create sudden demand that the industry it's not prepared for. And scholars have teamed up with an AI collective in Paris to create a new play written in the style of the famous 17th-century playwright Moliere. Over the last three years, the team has trained the French developed Mistral AI on Moliere 's works, personal library texts, and historical documents to replicate his language and humor. A production called "The Astrologer," or "The False Omens" is set to debut at the Chateau de Versailles in May 2026.