France and the United Arab Emirates have reached an agreement to develop a 1 gigawatt artificial intelligence data centre, with investments estimated between $30 billion and $50 billion. President Emmanuel Macron met with Emirati leader Sheikh Mohamed bin Zayed al-Nahyan in Paris to discuss the project, ahead of an upcoming AI summit.
The February 10-11 summit will bring together representatives from around 100 countries, aiming to highlight France and Europe’s role in the AI sector. The initiative is part of broader efforts to compete with the US and China, which currently dominate the industry. Both nations expressed their commitment to strategic AI collaboration and future investments in the sector.
Planned investments will cover AI advancements in France and the UAE, including high-performance chips, data centres, and talent development. The agreement also involves creating virtual data embassies to strengthen cloud and AI sovereignty. The first investment announcements are expected at the Choose France summit later this year.
The French government has identified 35 potential sites for AI data centres, supporting the country’s ambition to become a major AI hub.
Chinese Vice Premier Zhang Guoqing will visit France from Sunday until February 12 to attend the AI Action Summit as a special representative of President Xi Jinping. The summit will bring together representatives from nearly 100 countries to discuss the safe development of AI.
A foreign ministry spokesperson, Lin Jian, said China is eager to strengthen communication and collaboration with other nations at the event. China also aims to foster consensus on AI cooperation and contribute to the implementation of the United Nations Global Digital Compact.
Vice President JD Vance is leading the US delegation to the summit, but reports suggest that the US team will not include technical staff from the AI Safety Institute.
io.net has partnered with Orbit, an AI-driven platform, to enhance transparency in AI interactions within the blockchain sector. The collaboration aims to streamline the way AI agents operate on decentralized GPU ecosystems by making their actions auditable and transparent.
The partnership will allow AI agents to run on decentralized GPU clusters, improving scalability and cost-efficiency for AI computations. Moreover, it will store AI-generated inferences on-chain, making future actions traceable and verifiable. The move addresses transparency concerns that have plagued AI decision-making in the blockchain space.
By leveraging decentralized technology, the collaboration boosts trust in both the AI and DeFi ecosystems, enabling more secure and automated financial interactions. As AI agents become increasingly autonomous, this partnership paves the way for a new era of accountable and transparent decentralized computing.
Pinterest projected first-quarter revenue exceeding market expectations, driven by AI-powered advertising tools that enhanced ad spending. Shares surged 19% in extended trading following the announcement. The platform benefited from a strong holiday shopping season, setting new records for monthly active users and revenue in the fourth quarter.
AI-driven ad solutions, including the Performance+ suite, have attracted advertisers by automating and improving targeting. Increased engagement from Gen Z users and the introduction of more shoppable content have also made the platform more appealing to marketers. Expanding partnerships with Google and Amazon further diversified revenue streams, although most ad revenue remains concentrated in North America.
Ecommerce merchants using Shopify and Adobe Commerce can now integrate their products into Pinterest more easily. Analysts suggest that while global engagement is high, expanding third-party ad integrations will be crucial for long-term growth.
The company forecasts revenue between $837 million and $852 million, surpassing analyst expectations. Adjusted core earnings are expected to range from $155 million to $170 million, also exceeding estimates. Monthly active users reached a record 553 million, reflecting an 11% year-on-year increase.
Sberbank, Russia’s largest bank, has announced plans to collaborate with Chinese researchers on AI projects. The move comes as China’s DeepSeek has disrupted the global tech industry with its low-cost AI models, challenging US rivals like Nvidia. Sberbank, which has transformed from a Soviet-era state savings bank into a major AI player under CEO German Gref, aims to leverage its network of scientists to join forces with China’s AI researchers.
Sberbank’s First Deputy CEO, Alexander Vedyakhin, confirmed the plans but refrained from naming specific Chinese partners. DeepSeek, a startup based in Hangzhou, has gained significant attention for its ability to produce advanced AI models at a fraction of the cost of American counterparts. This development could further fuel competition in the AI sector, especially amid growing tensions between the West and nations like Russia and China.
The strategic partnership between Russia and China is deepening, with both countries emphasising AI as a key area of cooperation. As Moscow faces Western sanctions due to the war in Ukraine, collaboration with China is seen as essential for advancing in AI and other technological fields. However, Russia’s AI projects remain somewhat secretive, making it difficult to assess their true capabilities. Despite this, Sberbank’s First Deputy CEO noted that DeepSeek’s models have outperformed Russia’s GigaChat in scientific tasks, though Sberbank’s model remains competitive in banking applications.
Vedyakhin also highlighted the efficiency of DeepSeek’s approach, noting that its success proves high-quality AI can be achieved without massive investments in infrastructure. This philosophy aligns with Sberbank’s strategy, which focuses on low-cost AI solutions rather than the large-scale projects seen in the US. The bank’s AI platforms, like its Kandinsky text-to-image model and GigaChat Lite, are publicly available, following the transparent approach that has made DeepSeek successful.
South Korea has temporarily blocked employee access to Chinese AI startup DeepSeek over security concerns. A government notice urged ministries and agencies to exercise caution when using AI services, including DeepSeek and ChatGPT. Korea Hydro & Nuclear Power, the defence ministry, and the foreign ministry have all imposed restrictions on DeepSeek access.
Australia and Taiwan have already banned DeepSeek from government devices, citing security risks. Italy previously ordered the company to block its chatbot over privacy concerns. Authorities in the US, India, and parts of Europe are also reviewing the implications of using the AI service. South Korea’s privacy watchdog plans to question DeepSeek on its handling of user data.
Korean businesses are also tightening restrictions on generative AI. Kakao Corp advised employees to avoid using DeepSeek, despite its recent partnership with OpenAI. SK Hynix has limited access to generative AI services, and Naver has asked employees not to use AI tools that store data externally.
DeepSeek has not yet responded to requests for comment. The company’s latest AI models, released last month, have drawn attention for their capabilities and cost efficiency. However, growing security concerns are leading governments and corporations to impose stricter controls on their use.
John Schulman, a co-founder of OpenAI, has stepped down from his role at Anthropic, the AI startup confirmed on Wednesday. Schulman had joined Anthropic last year after leaving OpenAI in August, aiming to focus on AI alignment and return to hands-on technical work. Anthropic’s chief science officer, Jared Kaplan, expressed regret over his departure but wished him well in his future endeavours.
Anthropic has grown into a key competitor in the AI foundation model space, with annualised revenue reaching approximately $875 million. The company provides access to its AI models both directly and through third-party cloud services such as Amazon Web Services. Schulman’s departure was first reported by The Information.
The move marks another shift in the AI industry as competition intensifies among leading companies. OpenAI, Anthropic, and other key players continue to race towards advancing AI capabilities while addressing concerns around safety and alignment.
Google has introduced new versions of its Gemini AI models, including the budget-friendly “Flash-Lite,” to compete with lower-cost rivals such as China‘s DeepSeek. The updates include the public release of Gemini 2.0 Flash and the testing of a new ‘Pro’ model. Flash-Lite was developed following positive feedback on the previous Flash 1.5 version, with the goal of making AI more affordable.
Investor scrutiny has increased over the rising costs of AI model development. DeepSeek recently claimed to have spent under $6 million on training a model, significantly less than what US AI firms are believed to invest. The emergence of cheaper alternatives has influenced discussions at Alphabet, Microsoft, and Meta, with all three companies reaffirming their commitment to high AI investment.
Alphabet’s stock declined on Tuesday amid concerns over a planned increase in capital expenditure, which exceeded Wall Street expectations by 29%. Google’s pricing strategy for Gemini Flash-Lite sets its cost at $0.019 per million tokens, placing it between OpenAI’s cost-efficient model at $0.075 and DeepSeek’s current rate of $0.014, which is set to increase soon.
Elizabeth Kelly, the inaugural director of the United States AI Safety Institute, has stepped down from her role after a year overseeing efforts to measure and counter risks from advanced AI systems. During her tenure, the institute reached agreements with OpenAI and Anthropic to test their models before release and collaborated with global AI safety organisations.
The institute, created under former President Joe Biden’s administration, operates within the US Commerce Department‘s National Institute of Standards and Technology. Since taking office, President Donald Trump has revoked Biden’s 2023 executive order on AI, raising questions about the institute’s future direction under the new administration.
Kelly did not comment further on her departure but expressed optimism in a LinkedIn post, stating that the institute’s mission remains crucial to the future of AI innovation. The White House has yet to clarify its plans for AI regulation and safety oversight.
Workday has announced plans to cut around 1,750 jobs, or 8.5% of its workforce, as it shifts focus towards AI and international expansion. CEO Carl Eschenbach said the layoffs would help prioritise investments in AI while also freeing up resources to strengthen the company’s presence in different markets. Shares of the California-based human capital management firm rose over 4% in premarket trading following the announcement.
The industry has faced a slowdown in enterprise spending due to high interest rates affecting tech budgets. Workday expects to incur charges of up to $270 million related to the job cuts, with $60 million to $70 million recognised in the fourth quarter. The company, which had around 18,800 employees as of January last year, also plans to close some of its office spaces as part of its cost-cutting strategy.
Workday faces growing competition in the human capital management sector as rivals consolidate through acquisitions. Recent deals include Paychex’s $4.1 billion purchase of Paycor and ADP‘s $1.2 billion acquisition of WorkForce Software. Despite the job cuts, Workday reaffirmed that its financial performance remains on track, with annual subscription revenue expected to reach $7.70 billion and fourth-quarter revenue forecasted at $2.03 billion.
