Nvidia is partnering with key telecom firms across Europe to deploy tens of thousands of chips in various countries, including France, Italy, Spain, the UK, Germany, Sweden, Italy, Spain, the UK, and Finland. The chipmaker aims to support European customers as they build their own sovereign AI infrastructure amid global trade concerns. Nvidia will establish an AI factory in Germany for industrial manufacturing applications and open additional AI technology centers in these countries, including a partnership with Mistral AI, Orange, Swisscom, Telefónica, and Telenor.
https://www.techradar.com/pro/nvidia-expands-ai-infrastructure-reach-in-major-push-across-europeOpenAI is in talks to secure a $40 billion fundraise from Saudi Public Investment Fund (PIF), India's Reliance, and UAE's MGX, according to The Information reports.
https://www.livemint.com/companies/news/openai-fundraise-talks-investors-saudi-arabia-pif-india-reliance-industires-uae-mgx-the-information-report-business-news-11749695724545.htmlOnline retailers gained direct access to customer-level data, including browsing patterns and personal preferences, allowing them to optimize pricing, tailor product recommendations, and build advertising businesses from the data. This shift gave e-commerce companies control over both transactions and attention, making them gatekeepers of influence, as seen in the case of Aravind Srinivas' Perplexity AI, which is changing the way we search for information online.
https://www.forbesindia.com/article/insead/how-ai-agents-are-rewriting-retail-power/96165/1Think AI might mean a pay rise and a shorter workday? Think again. Economist Shane Wright suggests that artificial intelligence may not bring about the benefits predicted by John Maynard Keynes, who envisioned a 15-hour workweek by 2030. Instead, AI could lead to job displacement on a massive scale, potentially wiping out hundreds of millions of jobs, plunging the world into a dystopian future.
https://www.smh.com.au/politics/federal/think-ai-might-mean-a-pay-rise-and-a-shorter-workday-think-again-20250611-p5m6i2.htmlGoogle is offering voluntary buyouts to some US employees as part of an AI-focused overhaul, replacing layoffs for select teams. The move includes the Knowledge and Information (K&I) unit, which handles Search and Ads divisions. This strategy follows Google's notable layoffs in 2023 that affected 12,000 employees.
https://indiatoday.in/business/story/google-voluntary-buyouts-knowledge-ads-teams-ai-investment-voluntary-exit-programme-mention-report-2739707-2025-06-12Huang expressed skepticism towards Amodei's views on AI, citing a contradiction between his statement that AI will take all jobs and his assertion that Anthropic should be the sole developer of AI. Huang argued that if AI poses a danger, it cannot be confined to one company, but rather made accessible to the world for collective oversight and regulation.
https://www.pymnts.com/artificial-intelligence-2/2025/nvidia-ceo-rebuts-anthropic-ceos-dire-prediction-of-ai-taking-jobs/French President Emmanuel Macron has announced a new collaboration with Nvidia to boost Europe's AI capabilities, aiming to increase sovereignty and reduce dependence on US providers. The partnership will also intensify work with existing partners like Siemens and Schneider Electric, and help build data centers in seven European countries. This move comes as the US imposes export restrictions on Nvidia's top-performing chips, while China rapidly catches up in AI development. Macron's emphasis on tech sovereignty is a strategic priority, following his recent global summit in Paris where he highlighted French openness to AI.
https://www.victoriaadvocate.com/news/nation/nvidia-marks-paris-tech-fair-with-europe-ai-push/article_b5c9ae40-3836-5a45-be76-014b41db950a.htmlMeta, the parent company of Facebook and Instagram, has hired top researchers from Google and Sesame to establish a new AI lab. The move aims to enhance Meta's artificial intelligence capabilities and stay competitive in the rapidly evolving field of AI. The new lab will focus on developing cutting-edge AI technologies, including natural language processing and computer vision.
https://www.livemint.com/technology/tech-news/meta-hires-top-researchers-from-google-sesame-for-new-ai-lab-11749667801366.htmlNvidia is investing heavily in Europe by pledging to build 20 AI factories across the continent, including a facility in Germany with 10,000 GPUs, as it seeks to counter declining sales in China due to US export controls. The company's CEO Jensen Huang announced plans for an "industrial artificial intelligence cloud" at the VivaTech conference in Paris, aiming to woo European markets and support local manufacturers.
https://www.scmp.com/tech/big-tech/article/3314131/nvidia-bets-european-ai-push-new-plant-partnerships-amid-shrinking-china-revenue?module=top_story&pgtype=section