Plus, it’s not just data centers—networking capabilities need upgrades for AI too. And how AI is playing a role in preparing for earnings day. Belle Lin hosts.
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[00:00:16] Here's your TNB Tech Minute for Tuesday, November 19th.
[00:00:21] I'm Belle Lynn for The Wall Street Journal.
[00:00:23] Antitrust officials in the U.K. say they will not open an in-depth investigation into Google's investment in the artificial intelligence startup Anthropic.
[00:00:32] The decision removes pressure from the California tech giant to justify the partnership to regulators.
[00:00:39] The Competition and Markets Authority launched a merger inquiry last month to establish whether Google's investment and its partnership with the startup posed a threat to competition in the country.
[00:00:50] Officials concluded the partnership doesn't qualify for investigation under Britain's merger provisions.
[00:00:56] It's not just Google and Anthropic, though.
[00:00:59] Deals between U.S. tech giants and AI startups have been increasingly under the microscope on both sides of the Atlantic since late 2022.
[00:01:07] The coming wave of AI usage won't just strain data centers and power grids.
[00:01:12] It will also stress the country's network capabilities.
[00:01:15] That's because more people will use AI chatbots and agents.
[00:01:19] And all that requires upgraded networking.
[00:01:22] That can involve an entire revamp of networking equipment, plus new software tools and working with internet providers to increase capacity.
[00:01:31] Those upgrades will push the global data center networking market from roughly $35 billion to nearly $119 billion by 2033.
[00:01:41] That's according to market research firm Straits Research.
[00:01:45] And as investors gear up for chipmaker NVIDIA's earnings tomorrow, they may be surprised to learn that AI is also playing a role in earnings day prep.
[00:01:55] Investor relations departments at companies such as the shoe brand Sketchers have begun using generative AI to help prep their earnings commentary.
[00:02:03] Some have also used the tech to predict the questions analysts might ask.
[00:02:07] 44% of investor relations professionals have already put AI into their company's IR programs, mostly to create written content, according to an IR professional group.
[00:02:19] For a deeper dive into what's happening in tech, check out Wednesday's Tech News Briefing podcast.