AI News on October 10th

1. EU Launches €1 Billion "Applied AI" Strategy to Boost Key Industries

#EU #AppliedAI #Strategy

The European Commission has announced a €1 billion "Applied AI" strategy to accelerate artificial intelligence adoption across critical sectors including healthcare, pharmaceuticals, energy, transportation, manufacturing, construction, agri-food, defense, communications, and culture. The initiative aims to reduce EU dependence on US and Chinese technology while establishing Europe as a leader in AI development.

2. NVIDIA Approved for Multi-Billion Dollar Chip Exports to UAE

#NVIDIA #UAE #ChipExports

The US government has approved NVIDIA to export billions of dollars worth of AI chips to the United Arab Emirates, marking the first substantial progress in implementing a controversial AI cooperation agreement. The approval requires the UAE to make equivalent investments in the United States, with the deal potentially serving as a blueprint for future US AI diplomacy.

3. NVIDIA Invests $2 Billion in Musk's xAI as Part of $20 Billion Funding Round

#NVIDIA #xAI #Funding

Elon Musk's xAI has secured $20 billion in funding, including a $2 billion investment from NVIDIA. The massive funding round will support xAI's "Colossus 2" data center project and related computing infrastructure. NVIDIA CEO Jensen Huang expressed excitement about the investment, stating he wishes "he could have invested more."

4. OpenAI Warns EU About Apple, Google, and Microsoft's "Entrenched" Advantage

#OpenAI #Antitrust #EURegulation

OpenAI has expressed concerns to the European Commission about the "entrenched" market positions of Apple, Google, and Microsoft, warning that their "user lock-in" effects could hinder competition from AI startups. The warning comes despite OpenAI's existing partnerships with both Apple and Microsoft.

5. Huang Renxun: US Not "Far Ahead" of China in AI Development

#NVIDIA #China #AICompetition

NVIDIA CEO Jensen Huang stated that the United States is not "far ahead" of China in artificial intelligence development, contradicting recent claims by former President Trump. Huang's comments come as NVIDIA continues to navigate complex international trade relationships while maintaining its leadership in AI chip technology.

6. OpenAI's Sora Surpasses ChatGPT in First-Week Downloads

#OpenAI #Sora #VideoAI

OpenAI's video generation application Sora has achieved 627,000 iOS downloads in its first week, surpassing ChatGPT's first-week performance of 606,000 downloads. The strong adoption comes despite Sora maintaining an invitation-only access model, unlike ChatGPT's broader public launch.

7. TSMC Reports 30% Revenue Growth Driven by AI Demand

#TSMC #AI #Semiconductors

Taiwan Semiconductor Manufacturing Company (TSMC) has reported a 30% year-over-year revenue increase for the third quarter, reaching 989.9 billion Taiwanese dollars. The strong performance, driven by AI-related demand from customers including NVIDIA and Apple, exceeded market expectations.

8. EU Launches "AI in Science" Strategy to Position as Research Hub

#EU #ScienceAI #Research

The European Commission has introduced an "AI in Science" strategy aimed at establishing Europe as a center for AI-driven scientific innovation. The initiative will leverage the virtual research institute "European AI Science Resource" to coordinate and deploy AI resources across scientific disciplines.

9. Morgan Stanley Warns of AI Ecosystem "Circularity" Risks

#MorganStanley #AIRisks #Investment

Morgan Stanley has raised concerns about increasing "circularity" in the AI ecosystem, where major players are connected through complex networks of investments, procurement, and revenue sharing. The bank warns that inadequate disclosure makes it difficult for investors to properly assess risks and returns in the AI sector.

10. Microsoft Aims to Become AI Chatbot Leader Independent of OpenAI

#Microsoft #AI #Healthcare

Microsoft is pursuing an ambitious goal to become a leading AI chatbot company in its own right, rather than relying solely on its partnership with OpenAI. The company has identified healthcare as a key, believing it can deliver superior products in this domain to establish its Copilot assistant brand.