European Parliament Adopts Qwant As EU Pushes Tech Sovereignty Agenda The European Parliament will replace Google with the French search engine Qwant, marking another step in Europe’s effort to reduce dependence on US technology providers and strengthen home-grown digital alternatives. The move comes as the European Union advances a broader strategy aimed at boosting domestic capabilities in cloud computing, artificial intelligence and semiconductor production. The decision coincides with the European Commission’s unveiling of new legislative proposals designed to reinforce Europe’s technological sovereignty and narrow the gap with major competitors in the United States and China. EU Unveils New Technology Strategy…
Author: Kanika Sharma
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Valeo Shares Surge As Investors Back Data Centre And Energy Storage Growth Shares in French automotive supplier Valeo soared 18% on Wednesday after investors responded positively to growing expectations that the company could benefit from expanding opportunities in data centres and battery energy storage systems. The sharp rally marked Valeo’s biggest single-day gain since the rebound from the COVID-19 market sell-off in March 2020. The surge comes just two months after the stock touched its lowest level in more than 16 years, highlighting a dramatic shift in investor sentiment. Analysts Highlight New Growth Opportunities Analysts at J.P. Morgan and Jefferies…
Meta Loses EU Challenge Over Messenger Gatekeeper Designation Meta Platforms has lost its legal challenge against the European Union’s decision to classify its Messenger app as a powerful “gatekeeper” under the bloc’s Digital Markets Act (DMA). The ruling reinforces the obligations placed on major technology companies that hold significant influence in digital markets. The decision was handed down by Europe’s second-highest court on Wednesday. Judges upheld the European Commission’s assessment that Messenger serves as an important gateway through which businesses can reach users. As a result, the platform remains subject to the requirements set out under the DMA. Court Upholds…
Anthropic Files For IPO As AI Giants Race To Public Markets Anthropic has confidentially filed for a U.S. initial public offering, positioning itself to become the first major artificial intelligence company among the sector’s leading players to reach the public markets. The move intensifies competition with rival OpenAI and highlights growing investor appetite for high-profile technology listings. It also adds momentum to what many analysts expect could become a record-breaking year for U.S. IPO activity. AI Companies Lead New IPO Wave Wall Street is increasingly optimistic about the outlook for public offerings in 2026. Investment banks expect a strong pipeline…
Nvidia Signals Strong AI Demand Despite Supply Constraints Nvidia chief executive Jensen Huang has said the company has sufficient supply to support “very, very robust growth” driven by the artificial intelligence boom. However, he also warned that supply limitations remain a concern as demand for advanced chips continues to expand. Speaking at a conference in Taipei on Tuesday, Huang addressed an audience of chipmakers and computer hardware manufacturers. His remarks came a day after Nvidia unveiled a new chip designed to compete with products from rival manufacturers Advanced Micro Devices and Intel. Nvidia Remains a Key AI Market Indicator Nvidia…
Malaysia Introduces Social Media Age Verification for Users Under 16 Malaysia has begun enforcing new rules that prevent individuals under the age of 16 from registering accounts on social media platforms, as the government intensifies efforts to shield minors from harmful online content. The move places Malaysia among a growing number of countries introducing stricter regulations on children’s access to social media amid increasing concerns about the effects of online platforms on young people’s health, safety and wellbeing. Platforms Required to Verify Users’ Ages Under the new requirements, which took effect on Monday, major social media companies must verify the…
AI Boom Fuels Economic Revival Across South Korea And Taiwan Investors have poured money into semiconductor stocks in South Korea and Taiwan as demand for artificial intelligence technology continues to surge. However, the benefits extend far beyond the region’s leading chipmakers. The AI boom is increasingly driving stronger economic growth, higher consumer spending, greater corporate investment and expanding government revenues across North Asia. Recent data shows that real GDP growth has accelerated in both economies over the past 12 to 15 months. Taiwan has been the standout performer, with first-quarter growth reaching 11.8%. Much of this momentum stems from relentless…
Nebius Shares Surge After Fund Linked To Former OpenAI Researcher Buys Stake AI infrastructure company Nebius Group saw its shares rise sharply in premarket trading on Thursday after an investment fund run by former OpenAI researcher Leopold Aschenbrenner disclosed a major stake in the company. Nebius shares climbed more than 10% before the opening bell, putting the stock on course for its highest opening level in more than two weeks. Situational Awareness Becomes Largest Shareholder The investment fund, named Situational Awareness, revealed it had acquired a 5.6% stake in Nebius. Based on Wednesday’s market value, the holding was worth nearly…
Elon Musk Clarifies SpaceX AI Data Centre Deal With Anthropic SpaceX chief executive Elon Musk has said the company only agreed to lease its Colossus AI training data centre clusters to Anthropic for an initial six-month period, despite earlier reports suggesting a longer arrangement. Musk made the comments on Thursday in a post on X, where he stated that SpaceX had not committed to leasing the Colossus infrastructure for several years. However, he added that a longer-term agreement remained possible. Musk Says Lease Was Intended To Be Short-Term Earlier this year, SpaceX signed agreements allowing Anthropic to use computing capacity…
FAA Orders Investigation Into SpaceX Starship Booster Mishap The U.S. Federal Aviation Administration has ordered SpaceX to investigate why its Starship booster crashed into the Gulf of Mexico during a recent test flight. The FAA said the May 22 launch of Starship Flight 12 resulted in a mishap involving the Super Heavy booster after stage separation. The booster failed while returning to the Gulf of Mexico, prompting the agency to begin oversight of a formal investigation. SpaceX did not immediately respond to a request for comment. FAA To Oversee Investigation The FAA confirmed there were no reports of injuries or…