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US utilities boost spending to meet surging AI energy demand
Feb 15,2025
US electric utilities are significantly increasing their capital investment plans to expand power generation and strengthen the grid as AI and cloud computing drive up electricity consumption. Companies such as PPL Corp, Dominion, and Exelon have rev...
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DeepSeek models boost competition for Chinese AI chipmakers
Feb 14,2025
The rise of DeepSeek's AI models is offering Chinese chipmakers like Huawei a better chance to compete in the domestic market against the powerful processors from US companies like Nvidia. For years, Huawei and other Chinese manufacturers have strugg...
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Musk will withdraw $97.4 billion bid for OpenAI non-profit
Feb 14,2025
Elon Musk has stated he will withdraw his$97.4 billion bid for OpenAI's non-profit arm if the company halts plans to become a for-profit entity. Musk's lawyers clarified in a court filing that if OpenAI's board agrees to maintain the charity's missio...
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European startups make progress in EV battery recycling
Feb 14,2025
Two European startups have reached key milestones in electric vehicle (EV) battery recycling as they prepare to meet upcoming EU regulations and reduce reliance on China's battery supply chain. From August 2030, European automakers must ensure a mini...
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OpenAI prioritises simplicity with unified AI model strategy
Feb 14,2025
OpenAI has announced plans to simplify its artificial intelligence product line by combining its o-series and GPT-series models into a unified system. CEO Sam Altman revealed the strategy in a post on X, highlighting the need for more accessible AI t...
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China's semiconductor spending faces decline
Feb 14,2025
China's spending on chipmaking equipment is expected to fall by 6% in 2025, marking its first decline since 2021, according to Canadian research firm TechInsights. The drop follows years of aggressive stockpiling as Chinese firms sought to bypass tig...
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EU scraps tech patent, AI liability, and messaging privacy rules
Feb 14,2025
The European Commission has abandoned proposed regulations on technology patents, AI liability, and privacy rules for messaging apps, citing a lack of foreseeable agreement among EU lawmakers and member states. The draft rules faced strong opposition...
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AI development is outpacing our understanding, says expert
Feb 14,2025
Dario Amodei, CEO of AI firm Anthropic, has warned that the race to develop AI is moving faster than efforts to fully understand it. Speaking at an event in Paris, he stressed the need for deeper research into AI models, describing it as a race betwe...
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Alphabet CEO acknowledges China's role in global AI race
Feb 14,2025
Alphabet CEO Sundar Pichai has praised the work of Chinese startup DeepSeek, calling it an example of how AI is a truly global field. Speaking at the World Governments Summit in Dubai, he noted that innovation in AI is happening across multiple regio...
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Adobe unveils AI video tool with new pricing model
Feb 14,2025
Adobe has launched the first public version of its AI-powered video generation tool, Firefly Video Model, introducing competition to OpenAI's Sora and Runway's video-generation services. The tool is designed to integrate with Adobe's Premiere Pro sof...
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Paris AI Action Summit shifts focus to innovation, employment, and public good in AI governance
Feb 13,2025
The recent AI Action Summit in Paris marked a turning point in global AI governance, shifting the focus from long-term existential risks to immediate concerns such as innovation, economic impact, and public good. Unlike previous AI summits in Bletchl...
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Thomson Reuters wins court case against Ross Intelligence
Feb 13,2025
Thomson Reuters has won a legal battle against Ross Intelligence, after a judge ruled that the law firm's use of Thomson Reuters' legal content to train an AI model violated US copyright laws. The case stems from a 2020 lawsuit where Thomson Reuters ...
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