Government and policy

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Pasqal’s SPAC filings reveal a $2bn French quantum bet, and a French kill switch

France’s Pasqal is heading to Nasdaq at a $2bn valuation, roughly 100 times its revenue. Its own filings spell out two things. Quantum computing might never pay off. And Paris can veto who owns the company. Pasqal, the French quantum-computing firm, is going public in the United States. It is merging with a blank-cheque company, […]

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Australia finds serious gaps in Big Tech’s response to child sexual abuse online

Australia’s online safety regulator has told the largest technology companies in the world that the tools to stop sexual extortion already exist, and that they are not using them. In a transparency report published on Tuesday, eSafety said companies including Apple, Meta, and Google have “significant gaps” in how they detect and prevent child sexual exploitation […]

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The White House’s next AI energy pledge targets the utilities

The White House is preparing an event, expected within weeks, at which electric utilities, the companies that build and run data centres for Big Tech, and governors of the states hosting the biggest buildouts will be asked to promise that none of this will end up on household electricity bills. Three people familiar with the […]

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Pentagon pauses the cyber audit rule that was pushing small suppliers out

The figure that seems to have finished the programme off is not a cost. It is a ratio: more than 100,000 companies in the American defence supply chain needing an independent cybersecurity audit, against roughly 100 accredited assessors licensed to carry one out. “So the math just simply doesn’t math,” Kirsten Davies, the Pentagon’s chief […]

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Twelve states are suing to stop the Paramount-Warner deal that Washington already waved through

A dozen states have sued to block Paramount Skydance’s takeover of Warner Bros. Discovery. The suit, led by California attorney general Rob Bonta, was filed in federal court in California’s Northern District, CNBC reports. The timing is pointed. The Justice Department approved the roughly $110bn deal last month without conditions or divestitures, after an eight-month review. […]

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Valarian raised $50m to help governments use US cloud without losing control of it

A London startup co-founded by a former Palantir executive has raised $50m to help governments and companies use American cloud and AI without letting America reach inside. The fear driving it stopped being hypothetical this year. Valarian, a London-based sovereignty startup, has raised a $50m (£37m) Series A led by the US venture fund NEA, […]

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The EU has stopped sanctioning Russian hackers and started sanctioning the machine that makes them

The European Union and the United Kingdom have jointly sanctioned Russia’s cyber apparatus for the first time. The EU listed nine individuals and four entities, while the UK went further with 24, Politico reports. The language is what matters here. The EU’s High Representative Kaja Kallas denounced not a group but an ecosystem, spanning intelligence services, […]

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Meta’s Hyperion data centre hit $50bn, and split a Louisiana town in two

Meta’s Hyperion data centre in rural Louisiana has ballooned from $10bn to more than $50bn in under two years. In a parish of 20,000 people, it has made some locals a fortune and priced others out of their homes. Meta just made its biggest AI bet bigger. On Monday the company said its Hyperion data […]

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200 economists just admitted they can’t see where AI is taking the economy

Two hundred economists, sixteen of them Nobel laureates, have signed a statement on AI and the economy. The punchline: the smartest people in the room are telling you they cannot see the road. Economists do not usually panic in public. This week, more than 200 of them did it together. On Monday a group of […]

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Decoupling from China would cost the West $23.6tn

Cutting the West’s reliance on China would carry a staggering price. A new study puts the cost of decoupling from China at $23.6tn over 25 years, and warns the bill would land hardest on the industries building Europe’s tech future. The West has spent three years talking about reducing its dependence on China. A new […]

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