Tag: EU
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EU Funds Multiple Huawei Projects Despite European Ban.
Despite security concerns, the EU has reportedly funded Huawei for projects including 6G, AI, cloud computing, and more. Is this a wise investment?
Germany’s Chipmaker Considers Increasing Production in the US
Infineon may move more production to the US to comply with Biden's Inflation Reduction Act. The chipmaker already operates six factories in the US and sees potential for green technology growth. Intel's new German chip plant hangs in the balance after funding was refused.
FG to Release Practice Code for ChatGPT and Other Chatbots
Nigeria's NITDA is drafting a code of practice for AI to regulate its use and promote safe deployment. This will set standards tailored to the Nigerian situation.
EU Injects €8B in State Aid to Boost Chips and Microelectronics Industry
The European Union has approved an €8.1bn state aid package to fund the development of chips, sensors, processors, and more, with a focus on resource-efficient technologies to enhance the bloc's microelectronics and communications sector. The initiative spans over 14 member states and aims to advance 5G/6G telecoms, autonomous driving, AI, and quantum computing. Private investment of €13.7bn is expected, bringing the total impact to €22bn. The EU's Chips Act will increase semiconductor chip production, targeting 20% of the global market share by 2030.
OpenAI CEO Denies Plans for IPO: Here’s Why
OpenAI CEO Sam Altman announces no plans to go public, stating disinterest in Wall Street and public markets. Despite being valued at almost $30bn, scientists warn about the potential extinction-level risk of its content-generating AI like ChatGPT. Altman confirms the company's commitment to operating in the EU despite previously claiming they may leave if AI regulation laws became too difficult to comply with.