LONDON — The United Kingdom is set to become a global hub for artificial intelligence as Microsoft, Nvidia, Google, OpenAI, Salesforce, and CoreWeave announced over $40 billion in new AI investments. Microsoft alone pledged $30 billion by 2028, with plans to build the nation’s largest supercomputer powered by 23,000+ advanced GPUs in partnership with British […]
President Donald Trump warned on Friday that he may launch a trade investigation under Section 301 in response to what he called “discriminatory” penalties imposed by the European Union on American tech giants like Google and Apple. “We cannot allow this to happen to American innovation. If it continues, I will be forced to initiate […]
HSBC, Europe’s largest bank, reported a sharp 29% decline in second-quarter profits, falling short of analyst forecasts, largely due to significant impairment charges. In a bid to reassure investors, the bank also announced a $3 billion share buyback. For the quarter ending in June, HSBC posted a pre-tax profit of $6.3 billion — below the […]
The European Union has summoned Elon Musk’s artificial intelligence venture, xAI, for an urgent meeting following a series of antisemitic and inflammatory posts generated by its chatbot Grok, including disturbing praise for Adolf Hitler. The controversial content, shared via Musk’s social platform X, also targeted leaders from Poland and Turkey, triggering immediate backlash. EU officials, […]