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Austria asks the EU to consider giving Anthropic a home in Europe

European government has, in writing, asked the European Union to find a way to host an American artificial-intelligence company. The request is unusual enough that the official making it conceded, in the same breath, that people would doubt it could be done. The official is Alexander Pröll, Austria’s state secretary for digitalisation, and the company […]

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Baidu’s chip unit Kunlunxin is targeting a $50 billion Hong Kong IPO and asked investors to buy its semiconductors

Baidu’s AI chip unit Kunlunxin is planning to go public in Hong Kong at a target valuation of $50 billion, The Information reported on Sunday. In an unusual twist, the company asked prospective IPO investors to also commit to purchasing its semiconductors, according to the report. Reuters could not independently verify the report. The $50 […]

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Nvidia-backed Firmus will build a 360MW AI data centre in Indonesia and expects $30 billion in offtake deals

Firmus Technologies, an Australian AI infrastructure company valued at $5.5 billion, will build its first data centre in Indonesia through an eight-year partnership with Nvidia. The 360-megawatt Nvidia DSX AI Factory campus in Batam, an island just off the coast of Singapore, is being developed with Singapore-based DayOne and is set to go live in […]

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Researchers built an AI therapist that reads your smartwatch and earbuds to detect distress before you ask for help

Mental health chatbots all share the same limitation: the user has to reach out first. That is not always easy when someone is stressed, anxious, or unable to articulate how they feel. Researchers at the University of Ottawa are building an AI assistant called UbiMyTherapist that flips the model. It reads emotional cues in real […]

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California will tax downloaded software for the first time as part of a $351.7 billion budget deal

California Governor Gavin Newsom and top Democratic legislators agreed on a $351.7 billion state budget that will extend sales tax to prewritten software downloaded from the web. The tax is expected to raise $900 million for the state and another $1.1 billion for local governments starting in fiscal year 2028 and annually thereafter, according to […]

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The BIS warns an AI bust could hit credit markets as hard as the 2008 financial crisis

The Bank for International Settlements warned on Sunday that an AI investment bust could hit credit markets with disruption comparable to the 2008 financial crisis. In its annual report, the Basel-based institution listed AI-led risks alongside inflation and fiscal stress as “pressure points” that “demand attention.” “Disappointment in returns could trigger a sudden pullback in […]

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Google is rationing Gemini access to Meta because it cannot provide enough compute

Google has placed limits on Meta’s use of its Gemini AI models because it cannot provide as much computing capacity as the social media company wanted, the Financial Times reported on Sunday. The restrictions have affected several Google clients, with Meta hit particularly hard. The move has had a knock-on effect on Meta’s internal projects. […]

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India’s payments chief says AI will drive UPI from 750 million to a billion daily transactions

India’s Unified Payment Interface has grown to over 750 million daily transactions, and the head of the body that oversees it says AI will be central to reaching a billion. Dilip Asbe, MD and CEO of the National Payments Corporation of India, told TechCrunch at Mumbai Tech Week that AI could drive the next half […]

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Salesforce employees are confused about why the company is promoting a competitor inside Slack

When Anthropic launched Claude Tag on Tuesday, a high-profile AI product that works as a persistent teammate inside Slack channels, some employees at Salesforce, which owns Slack, were confused. Salesforce promoted Anthropic’s new product on social media even as it competes directly with Salesforce’s own Slackbot and Agentforce platform, The Information reported. The tension is […]

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The 33-year-old ex-Snap exec Nadella is trusting to fix Copilot now oversees 11,000 people

Jacob Andreou, the 33-year-old executive Satya Nadella promoted to run Copilot in March after just one year at Microsoft, now oversees more than 11,000 people. He has merged the consumer and enterprise Copilot teams, eliminated redundant product versions, and is building a super app that combines chat, coding, and a new agentic workflow called Autopilot, […]

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