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Hedge funds sold chip stocks for a fourth week, but not the AI trade

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Hedge funds cut their holdings of semiconductor stocks for a fourth straight week, according to Goldman Sachs prime brokerage data, in a run of selling that has made chipmakers and their equipment suppliers the most heavily net-sold corner of the US market. The move comes as parts of the AI trade wobble, and it will […]

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The UN says AI is moving faster than the rules, and it has a report to prove it

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The United Nations has put a number of its concerns about artificial intelligence into a single document, and the headline finding is not subtle. AI capabilities, the organisation says, are accelerating faster than any government’s ability to understand, test, or regulate them. The warning arrives as delegates gather in Geneva for the opening of the […]

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Judge grants Alibaba a reprieve from the lobbying ban tied to the Pentagon’s blacklist

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A federal judge has ordered the Pentagon to give Alibaba temporary relief from a law that stripped it of every lobbyist it had in Washington, Bloomberg reports. The reprieve stands while the court considers whether the measure is constitutional. The case is shaping up as a test of how far the US can go in curbing […]

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Tech billionaires pour $120M into killing California’s wealth tax

Digital Marketing, Government and policy, Money, Next Featured, SEO Tips, Technology, United States /

Silicon Valley’s wealthiest are spending heavily to stop California’s proposed billionaire tax, according to a Business Insider tally of campaign filings. Opponents have poured more than $120m into sinking or blunting the measure, roughly four times the $31m raised by its union backers. Proposition 40 would impose a one-time 5% tax on residents and trusts worth over […]

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Citi boss Jane Fraser says 2 AI races will decide banking’s future

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Citigroup chief executive Jane Fraser says the financial sector is running two AI races at once, she told the South China Morning Post. The first is applying AI to business models to drive revenue growth, shortening product development cycles and improving customer service. The second race is defensive. Fraser said Citi’s job is to keep the […]

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India orders Meta to remove Instagram ads promoting child abuse material

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India’s IT ministry has ordered Meta to immediately disable all Instagram advertisements and content promoting child sexual exploitation and abuse material, according to The Week. The company has seven days to explain how the ads were approved and to detail the safeguards it will put in place. The Ministry of Electronics and Information Technology also demanded […]

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Mistral CEO warns closed AI models give providers ‘immense leverage’ over your business

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Arthur Mensch, cofounder and chief executive of French AI lab Mistral, has urged enterprise leaders to abandon closed AI models. In a LinkedIn post, he argued that closed providers are now forcing data retention and gaining “immense leverage” over their customers’ businesses. As companies connect models to their internal context, Mensch wrote, providers see it, learn […]

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NHS App will use AI to triage patients as part of £10bn tech overhaul

Artificial Intelligence, Digital Marketing, Government and policy, Health tech, Next Featured, SEO Tips, Technology, UK /

The NHS will use AI inside its app to direct patients in England to the right services, the government has announced. The tool will assess symptoms and work out whether someone needs a GP appointment, a pharmacy visit, or a trip to A&E. The update is expected to reach 200,000 patients over the next year before […]

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India’s CG Semi starts commercial chip production at $870M Gujarat plant

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Prime Minister Narendra Modi has inaugurated commercial production at CG Semi’s chip assembly and testing plant in Sanand, Gujarat. The facility will initially turn out 200 million chips a year, according to ANI, with plans to scale to 500 million. The plant is an outsourced semiconductor assembly and test, or OSAT, facility. That covers the packaging […]

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Macron and Modi are winning the AI infrastructure race with text messages and personal meetings

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The global race for AI infrastructure has become a contest of personal relationships. French President Emmanuel Macron and Indian Prime Minister Narendra Modi have emerged as its most aggressive practitioners, personally courting the heads of the world’s largest technology companies to secure data centre investments that will determine where the next generation of AI systems are trained […]

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