The company has announced a new $60 billion share buyback program, approved by its board, alongside a quarterly dividend increase to $0.83 per share, reflecting a 10% rise. The Tech Giant will host its yearly shareholders’ meeting on December 10th.
Amid growing AI investments, Microsoft revealed a significant 77.6% increase in capital spending in the quarter ending 30 June, largely attributed to AI infrastructure. Although its Azure cloud business has exhibited slower growth recently, the company anticipates an acceleration in the second half of fiscal 2025.
Big tech firms like Microsoft and Google are under pressure to justify their AI investments. Microsoft is one of the few companies that has reported AI’s contributions in its earnings. Its stock has risen about 15% this year and saw a slight increase in aftermarket trading following the news.
A group of technology experts has launched a global call for ‘Humanity’s Last Exam‘ aiming to push AI systems to their limits by posing the most difficult questions possible. The Center for AI Safety (CAIS) and Scale AI are leading an initiative to establish when AI achieves expert-level capabilities. Current benchmark tests have become too easy for many AI models, so this effort aims to create a new exam that emphasises abstract reasoning, an area in which AI still faces challenges. The organisers hope this new exam will remain relevant as AI technology evolves.
The demand for more rigorous tests comes after OpenAI released its newest model, OpenAI o1, which has shown strong performance in traditional reasoning benchmarks. Dan Hendricks, executive director of CAIS, stated that AI systems like Anthropic’s Claude model had significantly improved standard tests, rendering these benchmarks less valuable. However, AI has struggled with more intricate tasks like planning and visual pattern recognition, highlighting the necessity for more advanced assessments.
The exam will include over 1,000 crowd-sourced questions that are challenging even for non-experts. Its goal is to prevent AI from simply memorising answers by keeping some questions private. Participants have until 1 November to submit questions, and there will be rewards for the best contributions. While the exam is designed to test AI thoroughly, questions about weapons will be excluded to avoid potential risks.
The company behind the popular AI chatbot ChatGPT, OpenAI, has announced that its newly established Safety and Security Committee will now operate independently to oversee the development and deployment of its AI models. This decision follows the committee’s recent recommendations, which were released publicly for the first time. Formed in May, the committee’s goal is to enhance and refine OpenAI’s safety practices amid growing concerns about AI’s ethical use and potential biases.
The committee will be led by Zico Kolter, a professor at Carnegie Mellon University and a member of OpenAI’s board. Under its guidance, OpenAI plans to implement an ‘Information Sharing and Analysis Center’ to facilitate cybersecurity information exchange within the AI industry. Additionally, the company is focusing on improving internal security measures and increasing transparency regarding the capabilities and risks associated with its AI technologies.
In a related development, OpenAI has also partnered with the US government to research and evaluate its AI models further. This move underscores the company’s commitment to addressing both the opportunities and challenges posed by AI as it continues to evolve.
Italy is testing AI-assisted learning tools in selected schools to close the nation’s significant digital skills gap. Prime Minister Giorgia Meloni’s government has introduced the initiative in 15 classrooms across four regions, aimed at supporting both students and teachers through virtual assistants.
The AI tools are designed to tailor education to individual needs, providing an improved learning environment. Though few details have been provided, officials remain optimistic that the experiment will offer insights into a potential wider rollout. Education Minister Giuseppe Valditara emphasised the importance of these digital advancements for future generations.
Italy currently lags behind most EU countries in basic digital skills, ranking near the bottom of the bloc. The government has also introduced a ban on mobile phones in classrooms, a move aimed at reducing distractions and promoting focus.
The trial will be carefully monitored throughout the year to assess its effectiveness and inclusiveness, with the hope of addressing past struggles to digitalise Italy’s education system.
Meta Platforms will soon start using public posts on Facebook and Instagram to train its AI models in the UK. The company had paused its plans after regulatory concerns from the Irish privacy regulator and Britain’s Information Commissioner’s Office (ICO). The AI training will involve content such as photos, captions, and comments but will exclude private messages and data from users under 18.
Meta faced privacy-related backlash earlier in the year, leading to its decision to halt the AI model launch in Europe. The company has since engaged with UK regulators, resulting in a clearer framework that allows the AI training plans to proceed. The new strategy simplifies the way users can object to their data being processed.
From next week, Facebook and Instagram users in the UK will receive in-app notifications explaining how their public posts may be used for AI training. Users will also be informed on how to object to the use of their data. Meta has extended the window in which objections can be filed, aiming to address transparency concerns raised by both the ICO and advocacy groups.
Earlier in June, Meta’s AI plans faced opposition from privacy advocacy groups like NOYB, which urged regulators to intervene. These groups argued that Meta’s notifications did not fully meet the EU’s privacy and transparency standards. Meta’s latest updates are seen as an effort to align with these regulatory demands.
Dubai has introduced a pioneering AI security policy through the Dubai Electronic Security Center, led by H.E. Amer Sharaf. This landmark initiative is designed to address the unique challenges and vulnerabilities associated with AI. The policy focuses on three critical pillars: data integrity, protection of critical infrastructure, and ethical AI usage.
By establishing robust guidelines and best practices, Dubai aims to ensure that AI systems are resilient against emerging threats and operate securely. This comprehensive approach not only sets a high standard for AI security but also positions Dubai as a global leader in digital innovation in accordance with the UAE National Strategy for Artificial Intelligence 2031.
As part of its broader strategy to drive digital transformation, Dubai has implemented a pioneering AI security policy that plays a crucial role in its ambition to become a leading global digital city. Integrating advanced security measures into its AI initiatives allows Dubai to mitigate risks while effectively creating an environment conducive to innovation. That policy underpins ambitious projects such as self-driving vehicles and smart health systems, highlighting Dubai’s commitment to fostering a secure and dynamic digital landscape that aligns with its forward-looking vision.
A new task force has been launched by the White House to address the growing demands of AI infrastructure. Led by the National Economic Council and the National Security Council, the group aims to balance AI development with national security, economic, and environmental goals. Senior US officials and executives from major technology companies, including OpenAI and Google, took part in the meeting on Thursday.
The focus of the discussion was on the power requirements for advanced AI systems. Leaders explored how to meet clean energy targets and infrastructure needs, particularly in the face of increasing demand from data centres. AI has raised both hopes for efficiency gains and concerns over potential misuse, with its energy consumption being a significant challenge.
The Biden administration is pushing tech firms to invest in eco-friendly power solutions. The AI industry’s energy needs could complicate the government’s ambition to decarbonise the power grid by 2035. Representatives from major agencies, including Energy Secretary Jennifer Granholm, were part of the conversation on tackling these issues.
AI infrastructure plays a crucial role in the future of the US economy, according to OpenAI. The company emphasised the importance of expanding data centres domestically, not only to support industrial growth but also to ensure that AI’s benefits reach all corners of society.
A new $330 million data centre investment is poised to boost Greece’s digital economy. French company Data4 has announced plans to build a state-of-the-art AI hub in Paiania, near Athens. This development is expected to strengthen the country’s digital infrastructure.
Data4, which already manages data centres across six European nations, aims to collaborate with Greek banks to finance the project. CEO Olivier Micheli highlighted the significant contribution this data centre would bring to Greece’s economy and digital ecosystem. The hub may expand further, with potential investments of €200 million to add two more centres.
Greece is rapidly emerging as a key data hub in Southeast Europe. With a growing number of data centres, including upcoming investments from global players like Microsoft and Google, the country is positioned to become a digital gateway between Europe, Asia, and Africa. Recent telecoms infrastructure, including high-speed cables, further boosts this role.
Market research shows the data centre sector in Greece is expected to grow by 9% annually through 2028. The country’s digital transformation is being propelled by government support and the increasing adoption of AI and cloud services. Greece could soon become the second-largest data hub in the Mediterranean.
Oprah Winfrey aired a special titled ‘AI and the Future of Us,’ featuring guests like OpenAI CEO Sam Altman, tech influencer Marques Brownlee, and FBI director Christopher Wray. The discussion was largely focused on the potential risks and ethical concerns surrounding AI. Winfrey highlighted the need for humanity to adapt to AI’s rapid development, while Altman emphasised the importance of safety regulations.
Altman defended AI’s learning capabilities but acknowledged the need for government involvement in safety testing. However, his company has opposed California’s AI safety bill, which experts believe would provide essential safeguards. He also discussed the dangers of deepfakes and urged caution as AI technology advances.
Wray pointed out AI’s role in rising cybercrimes like sextortion and disinformation. He warned of its potential to be exploited for election interference, urging the public to remain vigilant in the face of increasing AI-generated content.
For balance, Bill Gates expressed optimism about AI’s positive impact on education and healthcare. He envisioned AI improving medical transcription and classroom learning, though concerns about bias and misuse remain.
China Telecom Global has recently inaugurated two significant centres in Hong Kong: the Artificial Intelligence Innovation Center and the Security Business Innovation Center. That development marks a crucial step in China Telecom’s strategy to enhance its high-quality development, cloud capabilities, and digital transformation initiatives.
By establishing these centres, the company aims to leverage China’s high-level opening-up policy to strengthen its international presence and drive global business growth through advanced technology and innovation. Furthermore, these centres are designed to optimise the business structure, integrate internal and external resources, and accelerate the global deployment of China Telecom’s capabilities in AI and security, thereby reinforcing its position as a leading global telecom player.
Additionally, China Telecom Global is placing a strong emphasis on research and collaboration. The focus is advancing cutting-edge technology and fostering partnerships between industry, academia, and research institutions. As a result, these centres are poised to become central hubs for developing AI and security talent, which will support Hong Kong’s evolution into an international centre of innovation and technology.
