Leaders of the BRICS group are calling for protections against unauthorized use of artificial intelligence, citing concerns over excessive data collection. The request comes as big tech firms have resisted paying copyright fees for material used to train AI models. During a two-day summit in Rio de Janeiro, discussions on AI will focus on finding mechanisms for fair payment and addressing data usage issues.
https://www.thestar.com.my/tech/tech-news/2025/07/06/brics-leaders-to-call-for-data-protections-against-unauthorized-ai-useChina plans to add a record 500 gigawatts of renewable energy capacity to its grid this year, with over a quarter (140GW) coming from wind power. The growth is driven by increasing demand for electricity to power computing centers fueled by the rapid rise of artificial intelligence. US President Donald Trump has previously claimed China does not use wind turbines, but it appears they do, as 95% of their wind turbines are in operation.
https://www.scmp.com/news/article/3317136/china-power-grid-record-renewable-energy-ai-spurs-demand?module=top_story&pgtype=sectionSheikh Mohammed bin Rashid Al Maktoum, the Vice-President and Prime Minister of the UAE and Ruler of Dubai, has announced a federal government plan to use artificial intelligence (AI) to streamline processes and improve management of government resources. The plan, part of the Federal Government Strategic Plan 2031, aims to create a "smarter, faster, and more efficient government."
https://www.khaleejtimes.com/uae/federal-government-strategic-plan-2031?utm_source=fallback&utm_medium=section-rcmd-api&utm_campaign=trending-inarticle-sitewideCoreWeave's stock is a subject of caution among Wall Street analysts due to valuation concerns and potential margin pressures. Despite the company's strong partnership with Nvidia, robust orders, and growing demand for computing and AI infrastructure, many analysts are concerned about its steep valuation following the IPO. Analysts Kevin Dede and Bradley Sills have expressed mixed views, with Dede initiating coverage with a Hold rating due to "proven bleeding-edge technology implementation" but preferring to be on the sidelines, while Sills downgraded the stock to Hold from Buy citing lofty valuation and negative free cash flow projections. The company's revenue jumped 420% in Q1 2025, reaching $981.6 million, with a solid backlog of $25.9 billion, and analysts expect an expanding addressable market worth $400 billion by 2028.
https://markets.businessinsider.com/news/stocks/coreweave-stock-crwv-continues-to-ride-the-ai-wave-do-analysts-see-more-upside-1034873074Analyst Vijay Rakesh at Mizuho Securities has raised his price target on AMD to $152, citing the company's AI potential and the growing demand for its MI355X AI accelerator. Despite trailing behind market leader Nvidia, Rakesh believes AMD can benefit from large cloud companies seeking alternative suppliers, which could gain momentum in 2025. However, he notes that software remains a weak spot for AMD, limiting its competitiveness with Nvidia.
https://markets.businessinsider.com/news/stocks/amd-stock-gets-price-target-hike-from-top-analyst-1034873082Nvidia's CEO Rakesh remains confident in the company's ability to expand further due to surging AI demand, citing a strong product roadmap as a key driver of growth. He has revised his forecasts for fiscal years 2026 and 2027, projecting $202 billion in revenue and $4.38 EPS, with a new B40 chip aimed at the Chinese market expected to drive growth once trade restrictions are relaxed. Rakesh's price target is based on a 32.7x multiple of FY27 earnings, indicating a fair value given Nvidia's dominant role in powering the global AI boom.
https://markets.businessinsider.com/news/stocks/why-this-top-analyst-thinks-nvidia-stock-nvda-can-keep-rising-1034873080ZTE Corporation has launched an upskilling programme in collaboration with Multimedia University (MMU) in Malaysia, titled "Shaping the Future-Fit Public Services with Cybersecurity in AI Landscape". The programme, which began in May 2025 and will conclude in November 2025, brings together 20 senior government officers from 14 ministries across Malaysia. The initiative is designed to equip participants with advanced competencies in cybersecurity, artificial intelligence, and digital transformation. The programme consists of two phases: a one-month preparatory training at MMU focused on cybersecurity fundamentals and AI-driven public service innovation, followed by a five-month industry attachment hosted in China, where participants will gain hands-on experience with top technology firms. The programme is supported by the Public Service Department (JPA) and aims to develop future-ready public sector talent.
https://www.thestar.com.my/starpicks/2025/07/05/zte-and-mmu-launch-ai-and-cybersecurity-programme-in-chinaTaiwan's Foxconn reported a record second-quarter revenue of T$1.797 trillion, a 15.82% year-on-year increase, driven by strong demand for artificial intelligence products. The company's cloud and networking division saw significant growth due to robust AI demand, with customers including Nvidia. However, smart consumer electronics segment, which includes iPhones, experienced "flattish" year-on-year revenue growth affected by exchange rates.
https://channelnewsasia.com/business/foxconn-reports-record-q2-revenue-cautions-about-geopolitical-and-exchange-rate-risks-5221956IBM's CEO Study reveals that 61% of CEOs worldwide are integrating AI agents into their operations, with 57% in Southeast Asia planning for large-scale deployment. IBM recommends a phased approach to agentic AI adoption, starting small and scaling methodically. The study highlights the need for human oversight to navigate complexities and ensure responsible AI implementation, as AI transforms business landscapes globally, particularly in Southeast Asia.
https://www.manilatimes.net/2025/07/06/business/sunday-business-it/human-oversight-crucial-in-age-of-agentic-artificial-intelligence/2144066