AI News on November 12th
1. Atlantic Council Launches Bipartisan AI Commission
#AtlanticCouncil #AICommission #USCompetitiveness #Policy
The Atlantic Council announced a new "GeoTech Commission on Artificial Intelligence" to be led by former acting national cyber director Kemba Walden, alongside bipartisan congressional leaders and tech experts. The commission will focus on U.S. competitiveness across six areas: innovation, supply chains, energy, government adoption and oversight, talent development, and international alliances.
2. Google to Invest €50 Billion in German Data Centers
#Google #Germany #DataCenter #Investment #Infrastructure
Google's parent company Alphabet plans to invest approximately 50 billion euros (about 58 billion USD) to expand its infrastructure and data center capacity in Germany. The investment will include a new data center in Dietzenbach and an expansion of its existing site in Hanau, significantly boosting its cloud and AI capabilities in Europe.
3. Softbank Revises OpenAI Deal with Additional $22.5 Billion Investment
#Softbank #OpenAI #Investment #Funding
SoftBank Group has reached a revised agreement with OpenAI, involving an additional investment of $22.5 billion. The company also stated that co-investors have committed to the entire $10 billion syndicate financing for OpenAI.
4. Nebius Signs $3 Billion AI Infrastructure Deal with Meta
#Nebius #Meta #Infrastructure #Deal
Nebius announced a new agreement with Meta to provide approximately $3 billion worth of artificial intelligence infrastructure over five years.
5. Wall Street Sees AI Stock Volatility Amid Shutdown Concerns
#WallStreet #Stocks #NVIDIA #Volatility
U.S. markets experienced mixed trading with volatility in AI stocks. NVIDIA shares fell 2.3% after SoftBank disclosed the sale of its NVIDIA shares for $5.8 billion, and other AI-related stocks like Palantir and Meta also declined. This followed a previous rally where major indices, led by NVIDIA and Palantir, surged on optimism about a potential end to the record-long government shutdown.
6. Web Summit Opens in Lisbon with AI as Central Theme
#WebSummit #Lisbon #AI #Conference
The Web Summit opened in Lisbon with artificial intelligence as the most prominent feature of this year's edition. The event, expected to welcome more than 70,000 attendees, features key topics including "vibe coding" - a form of programming that uses AI to generate code - and discussions about who controls AI and who benefits from it.
7. Web Summit Founder Declares Era of Western Tech Dominance Fading
#WebSummit #Technology #GlobalShift #Multipolar
Web Summit founder Paddy Cosgrave stated that "the era of Western tech dominance is fading," citing Chinese manufacturers leading in fields like AI and humanoid robots, along with emerging tech ecosystems from Brazil to Poland as evidence of a more multipolar tech world.
8. Uber Partners with NVIDIA for Vehicle Automation from 2027
#Uber #NVIDIA #AutonomousVehicles #RoboTaxis
Uber has partnered with NVIDIA to upgrade tens of thousands of vehicles with automation technology starting from 2027. The announcement came alongside news that Waymo, a subsidiary of Google parent Alphabet, plans to bring its driverless vehicles to London next year.
9. Portugal Aims to Become AI Excellence Center
#Portugal #AI #DigitalTransformation #Europe
Portuguese Minister for State Reform Goncalo Matias announced that Portugal is ready to become a center of excellence in AI, describing the country as "cost-competitive" and having "global ambitions" in the digital revolution that presents historic opportunity to create new industries, jobs, and prosperity.
10. Qualcomm Challenges NVIDIA with New AI Chips
#Qualcomm #NVIDIA #AIChips #Competition
Qualcomm announced new AI chips that square up to sector heavyweight NVIDIA and challenger AMD. The rival high-end processors are subject to US export restrictions on national security grounds, intensifying the competition in the advanced AI chip market.