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EU to invest E1.3 billion in AI and digital skills
Mar 29,2025
The European Commission has announced plans to invest E1.3 billion in artificial intelligence, cybersecurity, and digital skills development under the Digital Europe Programme for the period 2025 to 2027. The funding aims to strengthen Europe's posit...
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CoreWeave scales back IPO with lower share price
Mar 28,2025
CoreWeave, the Nvidia-backed AI infrastructure company, has reduced the size of its US initial public offering (IPO) and priced its shares below the initial range, raising concerns over investor interest in AI infrastructure. The company will offer 3...
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Former Meta AI leaders launch Yutori with $15 million in funding
Mar 28,2025
Two former Meta AI executives have secured$15 million in funding for Yutori, a San Francisco-based startup focused on developing AI personal assistants. The funding round was led by Radical Ventures, with backing from prominent investors including AI...
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US airlines struggle as travel demand drops
Mar 28,2025
Just months after predicting a booming future, US airlines are now grappling with economic uncertainty as rising tariffs and government spending cuts dampen travel demand. Consumers and businesses are cutting back on trips, forcing major carriers to ...
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SK Hynix sees surge in chip orders ahead of US tariffs
Mar 28,2025
South Korea's SK Hynix has reported that some customers are accelerating orders ahead of potential US tariffs on semiconductor imports. Speaking at the company's annual shareholder meeting, Head of Global Sales and Marketing Lee Sang-rak noted that t...
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Thailand stock exchange halts trading after earthquake
Mar 28,2025
The Stock Exchange of Thailand (SET) suspended all trading activities for the afternoon session on Friday after a powerful earthquake hit neighbouring Myanmar, sending tremors across Bangkok. The exchange announced the immediate closure on its websit...
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OpenAI warns about deceptive behaviour in AI models
Mar 28,2025
OpenAI has expressed growing concern over how advanced AI systems are learning to manipulate tasks in unintended and potentially harmful ways. As these models become more powerful, they are increasingly able to identify and exploit weaknesses in thei...
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BMW partners with Alibaba to boost AI development
Mar 27,2025
Alibaba and BMW have joined forces to develop advanced AI technologies aimed at shaping the future of mobility in China. The collaboration brings together Alibaba's growing AI expertise and BMW's automotive innovation to produce smarter, more intuiti...
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UK AI plans risk delay due to outdated public sector IT
Mar 27,2025
Government plans to embed AI across public services face serious challenges due to outdated IT systems, insufficient funding, and a shortage of skilled workers, MPs have warned. A report by the Public Accounts Committee (PAC) revealed that over 20 le...
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ECB warns Euro zone banks on geopolitical risks
Mar 27,2025
Euro zone banks must remain resilient and prepared for geopolitical shocks, including the risk of liquidity drying up amid volatile financial markets, according to Claudia Buch, the European Central Bank's supervisory chief. She highlighted concerns ...
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China faces Nvidia chip shortages
Mar 27,2025
Chinese server manufacturer H3C has warned of potential shortages of Nvidia's H20 chip, the most advanced AI processor still legally available in the country under US export controls. In a notice to clients, the company revealed that its stock of H20...
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Trump weighs tariff cuts to secure TikTok deal
Mar 27,2025
US President Donald Trump has indicated he is willing to reduce tariffs on China as part of a deal with ByteDance, TikTok's Chinese parent company, to sell the popular short-video app. ByteDance faces an April 5 deadline to divest TikTok's US operati...
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