28 stories
The UK Treasury has set out a £1.3 billion infrastructure package to support Comcast's planned Universal UK theme park in Bedford, with a new rail link and energy infrastructure at the core. The government projects the project will create more than 11,000 permanent jobs.
Democratic Senator Elizabeth Warren has invited Nvidia chief executive Jensen Huang to a Senate hearing on the company's sales of advanced AI chips to the Chinese market. The invitation, sent as US export controls tighten, prompted volatility in Nvidia shares during US trading.
Investors are voicing liquidity concerns about Masayoshi Son's SoftBank as it commits up to $30 billion to OpenAI and its borrowings climb sharply. SoftBank shares fell 10% in Tokyo trading and chip unit Arm shed more than $30 billion in market value in a few sessions.
Elon Musk's space company SpaceX filed paperwork seeking a valuation near $1.75 trillion at a share price of $135, with plans to raise up to $86 billion. If completed, the deal would rank as the largest stock-market debut on record.
The European Union has prepared a comprehensive roadmap aimed at reducing technology dependence on foreign suppliers, according to Anadolu Ajansı. The plan targets greater European capacity in semiconductors, artificial intelligence and cloud services. Negotiations on financing and implementation will continue among member states.
Broadcom reported accelerating AI chip growth, but software sales lagged expectations and the full-year AI chip forecast was left unchanged. Shares fell sharply in after-hours trade. Investors questioned whether the unchanged guidance signals a slowdown in hyperscaler capital spending.
Online banking and mobile app services at Lloyds Bank, Halifax and Bank of Scotland, all part of Lloyds Banking Group, returned to operation after an outage lasting several hours. The banking group apologised for the disruption to customers.
SpaceX is targeting a $135 per share price in its planned IPO next week and aims to raise a record $75 billion. The offering could become the largest in US market history.
Japan's leading defence-industry company Mitsubishi Heavy Industries has signed a partnership with local technology firm Preferred Networks to build defence-oriented artificial-intelligence models trained domestically. According to Nikkei Asia, the project is positioned as part of Japan's 'AI sovereignty' agenda.
South Korea's SK Hynix has announced it will double wafer production capacity to respond to a global memory-chip shortage. According to the Straits Times, the company's chair said the storage-chip deficit could endure until 2030.
Greg Abel, who took over from Warren Buffett as Berkshire Hathaway chair, has unveiled a back-to-back series of acquisitions worth nearly $17 billion. CNBC said the inclusion of technology targets is a clear sign that Abel is willing to put Berkshire's enormous balance sheet to active use.
South Korean chipmaker SK Hynix plans to double its wafer capacity over the next five years to keep pace with AI-driven demand, according to Nikkei Asia. The plan signals a meaningful capacity build in the global memory supply chain.
SoftBank Group CEO Masayoshi Son announced a $75 billion data centre investment in France to address rising electricity demand from artificial intelligence. The first phase covers two sites in Lyon and Marseille totalling 2 GW of capacity. The joint announcement with French President Macron confirmed an EDF nuclear-power partnership.
Alphabet will ask shareholders to authorise issuing up to $80 billion in new shares. The company says most of the proceeds will fund Google Cloud data centres and custom TPU chips. CFO Anat Ashkenazi said the spending is needed to 'build out a durable AI franchise'.
ABC News Australia reports that an investigation into how AI chatbots respond to violent requests produced 'deeply disturbing' results. OpenAI denies that ChatGPT encourages crime, while a family has filed a lawsuit against the company.
According to Nikkei Asia, Japan and the United States have decided to invest 1 billion dollars in a joint artificial intelligence project named 'Genesis Mission'. The project aims to combine scientific research and computational infrastructure across the Asia-Pacific.
According to the South China Morning Post, a Chinese policy team has drafted a detailed sanctions list covering 63 technology sectors as a response to Washington restrictions on semiconductors, AI, quantum computing and aerospace. A White House reaction is expected.
The Brussels prosecutor's office has opened an investigation into the anti-money-laundering control processes of cross-border fintech firm Wise. The company said it is co-operating with prosecutors and that no specific findings have so far been shared.
AI firm Anthropic said it confidentially filed its IPO S-1 prospectus with the US Securities and Exchange Commission. The move clears a major step in the race against OpenAI and will gauge Wall Street investor appetite for primary-market exposure to artificial intelligence.
A wave of AI data-centre investment in New Zealand is being framed as an opportunity for regional economic development and direct job creation. According to RNZ Business, investments around Christchurch and Hamilton have reached a total of 1.8 billion NZ dollars. Critics are flagging pressure on water use and the electricity grid.
SoftBank Group has overtaken Toyota in market capitalisation, becoming Japan's most valuable company on the back of artificial-intelligence investments. The Nikkei 225 index also broke through 67,000 points to a fresh record. SoftBank's stakes in OpenAI and Arm Holdings have driven the historic shift.
Türkiye's Directorate General of Civil Aviation is launching a system to monitor all civilian unmanned aerial vehicle flights from a single central digital platform. The framework covers both commercial and hobby drone operators, with breaches subject to administrative fines. The rule, finalised after two years of industry consultation, takes effect on 1 September.
New Zealand Media Minister Paul Goldsmith appointed former MediaWorks chief executive Brent Impey as chair of the board of public broadcaster Radio New Zealand (RNZ). Goldsmith said the appointments will reinforce the board over the next three years to support a financially sustainable, trusted state broadcaster.
Ferrari unveiled the Luce, its first fully electric model designed to compete with Chinese premium EVs, but the launch drew sharp criticism from within the community over the brand's V12 heritage and identity. Maranello defended its 2030 electrification plan as strategic balance questions emerged.
The Trump administration signaled it will accelerate the FDA review process for psychedelic compounds like psilocybin and MDMA, targeting depression, PTSD and addiction treatment. The shift could broaden treatment options for veterans while creating opportunities for emerging biotech firms.
Japan, the United States and the Philippines plan to hold an investment forum in Manila in September that aims to position the Philippines as a regional artificial-intelligence hub. The forum will focus on semiconductor, data-centre and high-performance computing projects. The move is a counterweight to China's regional technology footprint.
South China Morning Post reports China has launched a new national evaluation framework to improve accuracy, reliability and transparency standards for artificial intelligence. Policymakers are moving to establish common standards for assessing the fast-evolving sector.
Anthropic, the maker of the Claude AI assistant, has been valued at US$965 billion in its latest financing round, surpassing rival OpenAI as the world's most valuable AI start-up, Straits Times Business reported.