Amazon-backed Anthropic sees $61.5B valuation surge
Amazon-backed Anthropic’s valuation soars to $61.5B after a $3.5B funding round, reinforcing its AI dominance....
Tag : Artificial Intelligence
Apple to spend $500B in US over four years, boosting AI and jobs
Apple is investing $500B in the US over four years, expanding AI, silicon engineering, and manufacturing, including a new factory in Texas and 20,000 new jobs nationwide....
Cyber and Emerging Technologies Unit replaces SEC’s crypto squad
The SEC has renamed and downsized its crypto enforcement unit, shifting focus to emerging technologies, cybersecurity, and AI under the leadership of Acting Chairman Mark Uyeda....
Kristersson warns Europe could become a “museum” without AI reform
Europe must ease AI regulations to remain competitive, warns Sweden’s PM Ulf Kristersson, cautioning against overregulation that could push innovation and investment elsewhere....
AI governance takes center stage as 61 nations sign Paris agreement
The AI Action Summit in Paris saw 61 countries commit to ethical and sustainable AI, but the US and UK declined to sign the final declaration....
Korea to invest $285M in advanced industrial technologies
South Korea will invest $285M in AI, cybersecurity, and energy tech by 2031, aiming to drive innovation and industrial growth, according to the Ministry of Trade, Industry, and Energy....
Europe unveils €150 billion AI investment to boost innovation
Europe is committing €150 billion to AI investment, aiming to accelerate innovation, drive economic resilience, and strengthen strategic sovereignty across key industries....
Meta lays off 3,600 employees as tech sector job cuts continue
Meta is laying off 3,600 employees, or 5% of its workforce, as it continues restructuring in 2025. The layoffs, focused on “low performers,” impact multiple regions but exclude some EU countries....
Stanford expert predicts AI will transform tasks but keep jobs intact
AI will replace tasks rather than jobs, said Stanford professor Dr. Erik Brynjolfsson at the Global Future Councils in Dubai, urging policymakers to prioritize AI's role in job augmentation....
AI job creation will surpass losses, tech leaders agree
AI will generate millions of jobs by 2025 while automating repetitive work, enabling industries like healthcare and finance to innovate and focus on creativity, experts say....