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The fears over AI job market decimation may be overblown, according to economists working at the European Central Bank. A new report suggests that firms that make the most use of AI in Europe are also the largest job creators, hiring more people as productivity increases.
John Daghita, the lead suspect in a major crypto theft worth $46 million has been arrested by the FBI, together with French authorities. Daghita allegedly siphoned funds from government-controlled wallets to his own, abusing the access his father's firm held because of a federal contract with the U.S. Marshals.
The Trump administration is working on sweeping export regulations over AI hardware that will make large AI clusters a topic of intergovernmental talks.
China's most senior semiconductor executives issued a public call this week for a consolidated national effort to build a domestic alternative to Dutch lithography giant ASML.
China just released the latest draft of its five-year plan, which mentions it goal of building a more robust "response mechanism" to supply chain threats and focusing on enhancing its "competitive advantages in rare earths."
OpenAI is building its own code repository, prompted by a rise in GitHub outages and disruptions that left its engineers unable to work for hours at a time.
New semiconductor fabs and data centers are fueling Taiwan's growing power demand, with the island expected to require more than 5GW of new electricity sources and power infrastructure to keep up.
Some of the U.S.'s biggest AI tech companies are expected to go to the White House to sign the "ratepayer protection pledge" that promises they will pay for all of their electricity usage and not pass on the burden of increased rates to the average American.
Nvidia has invested a combined $4 billion USD in photonics and networking companies Lumentum and Coherent in a deal that will see both building U.S. facilities, while locking down access rights and capacity for future technologies.
Malaysia's anti-corruption body is investigating the former Economy Minister who spearheaded the $250-million Malaysia-Arm Holding deal, raising concerns that the probe will impact the agreement.
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