The European Commission has rejected calls from tech firms like Alphabet and Meta to delay the implementation of the EU AI Act, which was passed in the European Parliament on March 13, 2024. The commission insists that the regulation will proceed as scheduled, with no pause or stoppage.
https://indiatoday.in/technology/news/story/no-stop-the-clock-no-pause-eu-rejects-calls-from-alphabet-meta-and-others-to-stall-ai-regulation-2751878-2025-07-07The Indian government is facing criticism for its handling of Artificial Intelligence (AI) in universities, with experts arguing that the country is losing its plot on AI development. The issue has been highlighted by several institutions and researchers, who claim that the government's focus on AI is not aligned with the needs of the industry. For instance, a recent report by the National Science and Technology Board (NSTB) found that India's AI research output has decreased significantly since 2015. This trend is concerning, as AI has the potential to drive innovation and economic growth in the country.
https://www.livemint.com/technology/tech-news/were-losing-the-plot-on-ai-in-universities-11751839017776.htmlThe Industrial Technology Research Institute (ITRI) has signed several memoranda of understanding (MoU) with the European project 6G-SENSES and the Dutch research organization TNO to expand joint testing platforms and deepen cooperation on ISAC and RIS technologies. This move aims to accelerate the global deployment of 6G technology. ITRI also announced three major transboundary collaborations, including one with Fraunhofer Institute for Production Technologies in Germany and Taiwanese company YTTEK, to develop a metaverse solution for intelligent industries that will be tested at Fraunhofer's testing facility. The Taiwanese 6G delegation included representatives from various organizations, including MediaTek, Compal, and universities such as National Chung Cheng University and National Taiwan University of Science and Technology. ITRI presented its FORMOSA-6G initiative, covering AI-RAN, integrated circuits, and platform setup. An experimental 6G network will be launched this year at ITRI's Hsinchu campus, serving as an international collaboration hub.
https://www.prnewswire.com/news-releases/litri-promut-les-partenariats-mondiaux-6g-de-taiwan-dans-lue-et-au-royaume-uni-302498456.htmlA recent article highlights the importance of data quality in determining the success of artificial intelligence (AI) systems, particularly in the finance sector. Companies like JPMorgan Chase are leveraging continuous analysis of anonymized transaction patterns to stay ahead of evolving fraud tactics and consumer behavior trends. This approach enables firms to refine their AI models and make more accurate predictions, ultimately driving business growth and competitiveness.
https://www.pymnts.com/news/artificial-intelligence/2025/data-takes-fraud-spotlight-as-banks-shift-to-real-time-operations/Helen Toner, a former OpenAI board member, has warned that Meta risks losing top AI talent like IITian Trapit Bansal to rival firms if it doesn't move swiftly in AI innovation. Toner pointed out that competition for AI expertise is intense and Meta's latest hires may already be targeted by other companies.
https://indiatoday.in/technology/news/story/ex-openai-board-member-warns-meta-must-move-fast-enough-or-risk-losing-top-ai-hires-like-iitian-trapit-bansal-to-rivals-2751899-2025-07-07Mubadala, Abu Dhabi's strategic investment arm, is investing in AI and advanced technology to become a leading long-term global investor. The company aims to enhance its role through investments in sectors such as clean energy, healthcare, and life sciences. Mubadala's chief strategy and risk officer, Ahmed Al Calily, believes that AI will be the next big disruptor for consumers and enterprises.
https://www.thenationalnews.com/news/uae/2025/07/06/mubadala-is-investing-in-ai-and-advanced-tech-to-become-a-leading-long-term-global-investor/SMC International (SMCI) is experiencing rapid growth in the AI world due to its key role in AI systems and rising investor interest. The company's fiscal 2024 revenue surged 110% year-over-year to $14.9 billion, driven by record demand for AI workloads, with its server and storage segment growing another 19% year-over-year. SMCI benefits from its close ties with Nvidia and other chipmakers, enabling it to deliver custom AI server solutions. Despite a 47% increase in stock price over the past three months, analysts remain divided on the company's future, with some seeing strong upside tied to AI infrastructure momentum and others flagging near-term risks.
https://markets.businessinsider.com/news/stocks/super-micro-stock-smci-jumps-about-60-is-this-the-next-nvidia-1034873687U.S. policymakers have approved legislation requiring ByteDance to divest its ownership of TikTok or face a ban on U.S. app stores due to national security concerns, citing the potential for Chinese government data mining of millions of U.S. consumers. However, both TikTok and ByteDance deny these allegations. The situation has been complicated by recent tensions between the U.S. and China, which have seen tariffs imposed on Chinese goods under President Trump's trade policies. A temporary easing of import taxes has allowed for a brief truce in hostilities as the two countries negotiate a broader trade deal.
https://deadline.com/2025/07/tiktok-united-states-new-app-version-sale-1236450595/TipRanks downgraded three names in the sector, including Tesla and NVIDIA, citing concerns over their valuations. The move comes as investors reassess their expectations for the companies' growth prospects.
https://markets.businessinsider.com/news/stocks/radian-group-downgraded-to-market-perform-from-outperform-at-keefe-bruyette-1034874224