China built hundreds of AI data centers to catch the AI boom. Now many stand unused.

March 26, 2025
A year or so ago, Xiao Li was seeing floods of Nvidia chip deals on WeChat. A real estate contractor turned data center project manager, he had pivoted to AI infrastructure in 2023, drawn by the promise of China’s AI craze.  At that time, traders in his circle bragged about securing shipments of high-performing Nvidia…

Microsoft adds AI-powered deep research tools to Copilot

March 26, 2025
Microsoft is introducing a “deep research” AI-powered tool in Microsoft 365 Copilot, its AI chatbot app. There’s been a raft of deep research agents launched recently across chatbots, including OpenAI’s ChatGPT, Google’s Gemini, and xAI’s Grok. Powering them are so-called reasoning AI models, which posses the ability to think through problems and fact-check themselves — […]

Emergence Capital closes on $1B fund to back B2B companies

March 25, 2025
Emergence Capital has closed its $1 billion seventh fund, it reported on Tuesday It’s the firm’s first raise in nearly four years. In May 2021, the San Mateo, California-based venture firm rounded up nearly a billion dollars in capital commitments across two funds.  At that time, it closed its sixth early-stage fund with $575 million; […]