AI Ambitions Depend

China’s AI Ambitions Depend on Massive Power-Grid Investments

China’s AI Ambitions Depend on Massive Power-Grid Investments Beijing’s $295 billion data center rollout will need to be supported by continued spending on electricity generation and networks. This article is for subscribers only. Welcome to our guide to the commodities driving the global economy.

SpaceX's IPO is set to be the biggest ever and could make Elon Musk a trillionaire

SpaceX's IPO is set to be the biggest ever and could make Elon Musk a trillionaire Andrew Zinin Lead Editor SpaceX says it plans to raise up to $75 billion when it goes public this month, setting the stage for the largest-ever stock market debut and putting Elon Musk on course to becoming the world's first trillionaire. The company, formally known as Space Exploration Technologies Corp., said Wednesday it will sell 555.6 million shares at $135 a piece in an initial public offering. The...

Brussels to Big Tech: Embrace sustainable AI or go away

BRUSSELS — The European Union’s energy chief says companies that want to profit off the artificial intelligence boom are welcome in Europe — but only if they demonstrate they are committed to the bloc’s energy, climate and environmental goals. That means supporting renewable and nuclear power sources rather than fossil fuels, and recycling the amounts of excess heat from data centers to heat Europeans’ homes and businesses, EU Energy Commissioner Dan Jørgensen told POLITICO in an...

The European Union reveals details of its tech sovereignty package

The European Union reveals details of its tech sovereignty package New proposals will see the EU further invest in European startups and companies as it looks to strengthen its homegrown tech footprint. The European Commission has announced a new European Technological Sovereignty Package, designed to further reduce its reliance on foreign tech. The EU wants to focus on building out Europe's capacity in areas such as semiconductors, AI, cloud computing and open-source projects.

Europe told to cool its datacenter boom before water and power run short

Think tank to UK government: You can't build the future on systems from the past

A new think tank report warns the UK government that its digital ambitions are jeopardised by dangerously outdated legacy systems. The report argues that departmental control and funding models, which prioritise crisis management over proactive upgrades, are exacerbating the problem. It highlights that these outdated systems are costing the public sector significant productivity and satisfaction.

Musk tells Jamie Dimon that America faces a catastrophic 'zero memory fab' crisis

SpaceX CEO Elon Musk recenlty virtually joined an event hosted by CEO Jamie Dimon at JPMorgan’s office in New York. Shared on social media platfrom X, the conversation between the two CEOs ranged from SpaceX’s financial trajectory to bold visions of lunar AI data centers and the looming semiconductor crisis in the United States. While Musk confirmed SpaceX’s decision to go public, he stressed that the lack of domestic high-volume computer memory manufacturing poses a far greater threat to...

Here's why universal basic income would be a disaster for America’s future

Every generation faces a new technological revolution. Today it's artificial intelligence. Just 40 years ago it was the internet.

Exclusive: ‘If China attacks Taiwan, you will be affected too,’ Taiwan’s deputy FM warns Europe

Euronews Next sat down with Taiwan’s deputy foreign minister Wu Chih-chung in an exclusive interview to talk about the silicon shield and why the world cannot afford to ignore the political tensions. Taiwan may feel distant to most Europeans, but a Chinese takeover of the island would send shockwaves from Washington to Tokyo, Taiwan’s deputy foreign minister François Chih-chung Wu told Euronews Next. "If China attacks Taiwan, France, Europe, the United States, and Japan will all be affected.

CNBC's The China Connection newsletter: China learns to build without Nvidia

Hi, this is Evelyn, writing to you from Beijing. Welcome to the latest edition of The China Connection — a succinct snapshot of what I'm seeing and hearing from local businesses. China's tech self-sufficiency push is rapidly becoming a reality as companies focus on business questions that run deeper than geopolitics.