Taiwanese chip giant TSMC (2330. TW), driven by a boom in demand for artificial intelligence, plans to invest roughly T$90 billion ($2.87 billion) in an advanced packaging facility in northern Taiwan, the company announced on Tuesday.

Motion G, a company based in Singapore recently secured $16 million, in funding through a funding round led by Episteme Inc. Their goal is to revolutionize the field of engineering by enhancing productivity through the use of machine learning, data science, AIGC, and digital twin technologies.

Shanghai Biren Intelligent Technology Co., a startup in the Chinese semiconductor industry, is reportedly exploring an IPO in Hong Kong as early as this year in order to cash in on a surge of local customers switching to its AI chips as an alternative to Nvidia Corp. silicon that has been outlawed.

Through expanded cooperation with Microsoft, KPMG aims to invest $2 billion in artificial intelligence and cloud services across its business lines internationally over the next five years, the latest effort by a Big Four accounting firm to double down on the technologies.

Paytm CEO Vijay Shekhar Sharma has expressed concern about the potential disempowerment, if not extinction, of humans as a result of the development of extremely advanced AI systems. He expressed his concerns in a tweet, citing a recent blog article by OpenAI.

Good Capital, a seed-stage, India-focused venture capital firm, on Friday, unveiled a new $50 million fund to support founders who are utilizing Artificial Intelligence for marketing, customer service, or business operations.

The OpenAI marketplace intends to serve business clients who frequently adapt OpenAI’s ChatGPT technology for particular use cases.