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AI could set off shocks in financial markets, and the UK has to be ready for them, Bank of England governor Andrew Bailey told the BBC on Thursday. He said the Bank is watching the money flowing into AI “very carefully”. Mitchell Labiak and Faisal Islam of the BBC asked him whether an AI bubble […]
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Bank of England’s Bailey warns the AI boom could bring market shocks Read More »
Oura has postponed its Nasdaq IPO, citing “uncertainty in the IPO market”. The Finnish-founded smart ring maker said so in a statement on Tuesday, a week after it launched the offering. It said it is postponing “despite strong demand”, and gave no new date. Oura had planned to sell 50 million shares at $40 to […]
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Oura postpones its $2.2bn IPO, citing market uncertainty Read More »
ElevenLabs is now worth $22bn, double its $11bn valuation in February. Employees and existing investors sold $300m of shares, the voice AI company said in a blog post on Wednesday. Wellington Management and T. Rowe Price led the deal. Six investors bought in for the first time. They are EQT, Goldman Sachs, Singapore’s GIC, Ontario […]
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ElevenLabs doubles its valuation to $22bn in a $300m share sale Read More »
ElevenLabs has launched in Belgium and opened an office in Brussels, the voice AI company said on Wednesday. The office is in the European District, close to the main EU buildings. ElevenLabs has named Falke Van Onacker to lead its Belgian business and plans to triple its local team this year. Most new staff will work […]
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ElevenLabs opens Brussels office and plans to triple its Belgian team Read More »
Lighthouse Reports, a Dutch non-profit newsroom, lodged a complaint this week, saying the European Commission keeps the public from seeing how much power and water each data center uses. They classified it under the Aarhus Convention, a binding treaty that grants people the right to access environmental information and to participate in environmental decision-making; the […]
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Complaint accuses EU of hiding data centres’ energy and water use Read More »
Mistral chief executive Arthur Mensch said the US debate over AI safety has been a cover for the “negligence” of some of his rivals. He made the comments to Annette Weisbach in an interview with CNBC on Tuesday. “The debate that we’ve seen in the U.S. has been a cover for the negligence of some […]
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Mistral CEO tells CNBC US AI safety debate covers rivals’ ‘negligence’ Read More »
The Dutch government is building its own open source workplace for civil servants, with a desktop operating system built on the Linux distribution NixOS. Eight municipalities are now testing the project, called DAWO, Dutch tech site Tweakers reported last week. DAWO stands for Digitaal Autonome Werkomgeving Overheid, or Digital Autonomous Government Work Environment. Its blueprint […]
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The Dutch government is building its own Linux desktop on NixOS Read More »
France wants the billions of euros Google has paid in EU fines to lower what member states pay into the bloc’s budget. Benjamin Haddad, the Minister Delegate for European Affairs, made the case in an interview with the TV channel Franceinfo on Tuesday, Reuters reported. “This is a new revenue source for the European Union, […]
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France says Google fines should cut what EU countries pay into the budget Read More »
Google has gone to court to challenge two EU orders that would require it to open Android to rival AI assistants and share search data with other search engines, Reuters reported. It filed both cases at the EU General Court in Luxembourg on Monday. In July, the European Commission issued orders under the Digital Markets […]
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Google takes EU to court over orders to share search data with AI rivals Read More »
The UK’s AI minister, Kanishka Narayan, says countries must “harden” their defences against AI risk. Testing models is no longer enough, he said. He was answering a question from Fortune at the Labour Party’s annual conference. Fortune’s Kamal Ahmed asked him about a warning from Jacob Coxon, a researcher who quit Anthropic this month. Narayan […]
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UK AI minister says AI testing is not enough, Fortune reports Read More »