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Digital transformation minister Óscar López says ‘the profit of four tech companies cannot come at the expense of the rights of millions’ as Madrid’s regulatory package moves through parliament. Spain’s digital transformation minister, Óscar López, said on Wednesday that Madrid would press ahead with a slate of rules targeting social media platforms and high-risk artificial […]
Europe’s external dependency exposes more than its AI sovereignty. It also affects its data sovereignty and creates political exposure. In a previous article, we discussed how Europe is heavily dependent on external providers for AI development, particularly through GPUaaS and the semiconductor industry. US companies such as Nvidia and AMD provide the GPU chips powering […]
The Grand Chamber of the CJEU heard ByteDance’s appeal in Case C-627/24 P on Tuesday, the first DMA gatekeeper challenge to reach the bloc’s highest court. ByteDance’s TikTok went before the Grand Chamber of the Court of Justice of the European Union on Tuesday in a last attempt to escape its designation as a “gatekeeper” […]
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Tomoro was created in 2023 in alliance with OpenAI. The Edinburgh and London-based firm built AI concierges for Virgin Atlantic, in-game support agents for Supercell, and deployment systems for Fidelity International, Tesco, Red Bull, Mattel, and the NBA. It grew monthly revenue tenfold in 12 months. It pledged 10 million pounds to Scottish AI […]
The European Commission president said an EU age-verification app is technically complete and that bloc-level rules on minimum social-media ages are next. France, Spain, and several others are already moving alone. European Commission President Ursula von der Leyen on Tuesday set out the EU’s plan to extend protections for children online, telling MEPs the bloc’s […]
New AutoMotive’s data tracker, reported by Reuters on Sunday, marks the threshold and puts the question to industrial policy: how much of the headline number will end up producing cells at scale, given that roughly 600 GWh of announced European battery capacity has already been delayed or cancelled. Europe has now invested cumulatively €200bn into […]
BNP Paribas, Deutsche Bank and JPMorgan have the mandate. Maturities run from three years to 25 years. The trade follows Alphabet’s record Swiss issuance in February and Amazon’s $37bn dollar deal in March, and is the latest demonstration that hyperscalers are now multi-currency borrowers. Amazon is preparing its first-ever Swiss franc bond issuance, Bloomberg reported […]