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Automakers, retailers warn US memory-chip shortage is impacting prices

Automakers, retailers warn US memory-chip shortage is impacting prices WASHINGTON, June 3 : The increasing need for memory chips to power artificial intelligence data centers could lead to dramatic price hikes in U.S. consumer goods and disrupt supply chains, groups representing automakers, retailers, electronic firms and others said on Wednesday. The groups said in a letter to the U.S. Treasury and Commerce departments that "an urgent imbalance in the market for memory chips could lead to...

Channel News Asia 7d ago

Film funding bill to support blockbusters made in Germany

Film funding bill to support blockbusters made in Germany May 30, 2026"With today's cabinet resolution, we are ensuring that the German film industry will become a global player in film production," Germany's Culture and Media Minister Wolfram Weimer said on Wednesday. He described the coalition government's draft bill, which still needs to be voted on by parliament, as a "film booster." According to Weimer, never before has so much money been allocated to the domestic film industry.

Deutsche Welle 11d ago

Amazon, Microsoft, Meta and OpenAI, 'your datacenter problems just got bigger '

Amazon, Microsoft, Meta and OpenAI may face new challenges in expanding their AI infrastructure projects. Nine major industry trade groups have sent a letter to the Trump administration warning that the rapid growth of AI data centres is straining global memory chip supplies. The coalition said the increasing demand for chips used in AI systems is beginning to affect industries ranging from automotive and healthcare to consumer electronics.

Times of India 6d ago

Defying Russia: Poland and Germany plan massive offshore wind farms in the Baltic Sea

Despite hybrid attacks from Russia, Poland is betting on offshore wind power from the Baltic Sea. At a forum in Berlin, one message was clear: the region could become Europe’s next major energy hub. Will Europe seize this opportunity?

Euronews 12h ago

We're upping our Palo Alto price target after strong earnings vanquish AI disruption fears

Palo Alto Networks reported a strong beat-and-raise quarter Tuesday night, putting to rest any lingering doubt that it will be disrupted by artificial intelligence. The stock was volatile in after-hours trading, but considering its blistering rally into earnings, it's not surprising to see this kind of reaction. Revenue for the company's fiscal 2026 third quarter increased 31% year over year to $3 billion, exceeding the Wall Street consensus estimate of $2.94 billion, according to LSEG.

CNBC 8d ago

Meet Fabrice Bellard: French engineer behind YouTube, Netflix and TikTok

Most people can name the founders of Apple, Microsoft, Meta or Tesla. Fabrice Bellard remains largely unknown outside programming circles despite creating software that helps power much of the modern internet. From the technology that processes online videos to the virtual machines underpinning cloud computing, Bellard's creations sit deep beneath the internet's surface, largely invisible to the people who rely on them.

Times of India 1d ago

The Latest: Scott Bessent testifies before the House on Treasury Department priorities

The Latest: Scott Bessent testifies before the House on Treasury Department priorities Treasury Secretary Scott Bessent is back on Capitol Hill to testify before the House Ways and Means Committee on the department’s priorities, one day after he refused to say whether President Donald Trump and his family would still get immunity from IRS audits after the administration abandoned plans for a $1.776 billion compensation fund that would have benefited the president’s allies - Bookmark Treasury...

The Independent World 6d ago

Countries need to work together to maintain, protect critical underwater infrastructure: Chan Chun Sing

Countries need to work together to maintain, protect critical underwater infrastructure: Chan Chun Sing Seventeen countries launched a framework for cross-regional defence cooperation on critical underwater infrastructure at this year's Shangri-La Dialogue. SINGAPORE: Countries need to work together to establish international norms to build, maintain and protect critical underwater infrastructure, and take to task those that mean harm to them, Singapore's Defence Minister Chan Chun Sing said...

Channel News Asia 11d ago