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Stock impact report

IREN Limited (IREN) Expands AI Cloud Capacity with 600MW Data Center Agreement [Yahoo! Finance]

Iris Energy Limited (IREN) 
Company Research Source: Yahoo! Finance
Leading AI developers are making artificial general intelligence (AGI) their primary goal, securing billions in funding to advance the technology, as per Bloomberg. AGI refers to AI systems capable of performing as well as or better than humans across most tasks, with the software industry expected to be the first to experience its transformative effects. Eiso Kant, co-founder of Poolside, spoke with Bloomberg's Tom Mackenzie about AGI and the evolving AI landscape. Kant noted that AI is already increasing software development efficiency by 20–30%, with over 100 million professional developers worldwide benefiting from these advancements. He envisions a future where AI fully matches human capabilities, significantly expanding the number of effective developers. Poolside focuses on serving large enterprises, such as those in defense and financial services, where most software developers work. Unlike general AI models designed for broad applications, Poolside develops highly speciali Show less Read more
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