Microsoft has introduced a new chat service, Copilot Chat, allowing businesses to deploy AI agents for routine tasks. The service, powered by OpenAI’s GPT-4, enables users to create AI-driven assistants using natural language commands in English, Mandarin, and other languages. Tasks such as market research, drafting strategy documents, and meeting preparation can be handled for free, though advanced features like Teams call transcription and PowerPoint slide creation require a $30 monthly Microsoft 365 Copilot subscription.
With increasing pressure to generate returns on its substantial AI investments, Microsoft is betting on a pay-as-you-go model to drive adoption. The company is expected to spend around $80 billion on AI infrastructure and data centres this fiscal year. Following concerns about Copilot’s adoption, Microsoft has been pushing its AI tools more aggressively, offering businesses greater flexibility in using AI for automation.
In a move towards greater AI autonomy, Microsoft previously introduced tools allowing customers to create self-sufficient AI agents with minimal human input. Analysts suggest that such innovations could offer a simpler path to monetisation for tech companies, making AI-driven automation more accessible and scalable.
Australia’s Macquarie has agreed to acquire a 15% stake in Applied Digital’s high-performance computing business and invest up to $5 billion in its AI data centres. The investment comes as AI-driven demand for computing infrastructure continues to surge, with companies racing to develop and train advanced models. Shares of Applied Digital surged by around 20% following the announcement.
Macquarie’s asset management division will initially invest $900 million in a data centre campus in North Dakota, with the potential for an additional $4.1 billion over the next 30 months. Applied Digital plans to use the funding to repay debt and recover over $300 million of its previous equity investment. The company’s CEO, Wes Cummins, stated that the deal provides the necessary capital to build and operate data centres with high power demands.
Applied Digital’s stock has more than tripled over the past two years, reflecting growing investor confidence in AI infrastructure. The deal follows Microsoft‘s announcement of an $80 billion investment in AI data centres for fiscal 2025. Applied Digital is set to release its second-quarter financial results after the market closes on Tuesday.
Republican officials at the US Securities and Exchange Commission (SEC) are preparing to overhaul the agency’s cryptocurrency policies following the inauguration of President-elect Donald Trump. Commissioners Hester Peirce and Mark Uyeda, who will soon hold the majority at the SEC, are expected to begin reviewing crypto enforcement cases and initiating rule-making efforts to clarify when digital assets are considered securities. Trump’s pick for SEC chair, Paul Atkins, is widely expected to roll back the tough regulatory approach taken under outgoing chair Gary Gensler.
Gensler’s SEC pursued 83 crypto-related enforcement actions, targeting companies like Coinbase and Kraken. Many of these cases argued that cryptocurrencies function as securities and should comply with SEC regulations. Peirce and Uyeda are expected to review and potentially freeze some litigation that does not involve fraud. Industry leaders have long called for clearer regulations, and the new SEC leadership may start a public consultation process to shape future crypto policies.
Trump’s administration is also expected to issue executive orders directing financial regulators to reassess their crypto policies. Bitcoin surged past $100,000 in December amid optimism about a more crypto-friendly regulatory environment. Legal experts caution that dismissing numerous enforcement actions would be unprecedented and could set a controversial precedent. However, settlement negotiations may offer a pathway to resolving disputes while maintaining accountability for fraudulent activities in the sector.
Disappointment and confusion swept across TikTok users in the United States as news broke that ByteDance, the app’s Chinese owner, plans to shut down the platform for its 170 million US users by Sunday. The move comes in response to a federal ban requiring ByteDance to sell TikTok’s US assets by January 19 due to national security concerns. While some users hold out hope for a last-minute reprieve, many are preparing for the worst.
Content creators, many of whom have built careers and followings on TikTok, expressed frustration and sadness. Some vowed to boycott rival platforms like Instagram, Facebook, and X, while others scrambled to save their content. True crime creator Amber Goode, from Colorado, criticised the government for “playing with us,” while other users shared instructions on migrating to alternative platforms, including China-based apps like RedNote.
TikTok has maintained that it does not and would never share US user data with China, arguing that the ban violates First Amendment rights. Unless the Supreme Court intervenes, users attempting to open the app on Sunday will be redirected to a shutdown information page. President-elect Donald Trump is reportedly exploring executive actions to delay the ban, but the outcome remains uncertain.
The shutdown has sparked mixed emotions globally, with some international users relieved that American social media issues may no longer dominate their feeds. However, for US creators like Ishpal Sidhu, who stands to lose her livelihood, the uncertainty has cast a shadow over what was once a thriving platform.
Italian startup iGenius has launched Colosseum 355B, a large language model built using the latest Nvidia technology, designed for industries with strict data protection and compliance needs. CEO Uljan Sharka highlighted the challenges that tight regulations pose for AI adoption in sectors like finance, heavy industry, and government, where data security is paramount.
Unlike major competitors like OpenAI, iGenius offers open-source AI models that allow companies to run the technology on their own infrastructure, ensuring that sensitive data remains in-house. The startup is already in talks with potential clients in the financial services and industrial sectors.
Sharka also traveled to Brussels to present the new model to the European Commission, aiming to gain regulatory approval and foster wider adoption in Europe’s heavily regulated markets.
Google has entered into a significant deal to buy carbon credits from an Indian project that turns agricultural waste into biochar, a form of charcoal that removes carbon dioxide (CO2) from the atmosphere and stores it in the soil. This partnership with Indian supplier Varaha is one of the largest of its kind and marks Google’s first venture into India’s carbon dioxide removal (CDR) sector. The tech giant plans to purchase 100,000 tons of carbon credits from the initiative through 2030, as part of its broader strategy to offset emissions.
Biochar, which can sequester CO2 for centuries, is seen as a promising, cost-effective solution for carbon removal, offering immediate scalability using existing technologies. Varaha will use waste from hundreds of smallholder farms in India to produce the biochar, which will also be distributed to farmers as an alternative to fertilisers. The project has the potential to store millions of tons of CO2 annually, with Varaha’s CEO, Madhur Jain, noting that India’s agricultural waste could generate enough biochar to store over 100 million tons of CO2 each year.
While carbon dioxide removal efforts like biochar are gaining traction, some experts caution that such solutions should not replace direct emissions cuts. There are also concerns about the long-term permanence of CO2 storage through biochar. However, Jain emphasised the urgent need to address global warming, stating that even temporary reductions in CO2 are critical in the fight against climate change. As the CDR market expands, it remains a key tool for companies like Google seeking to offset their environmental impact.
China’s Commerce Ministry announced plans to investigate US government subsidies to its semiconductor sector following requests from China’s mature node chip industry. The ministry stated on Thursday that these subsidies, introduced under the Biden administration, allegedly provide American companies with an unfair competitive advantage in the global market.
According to the Chinese government, US firms have exported mature node chip products to China at reduced prices, causing harm to the interests of China’s domestic semiconductor industry. Beijing views these practices as a threat to its industry’s rights and competitive balance.
The investigation reflects rising tensions between the two nations over technology and trade, particularly as both seek to bolster their semiconductor sectors amid growing geopolitical competition.
Austrian advocacy group Noyb has filed privacy complaints against six Chinese companies, including TikTok, Shein, and Xiaomi, alleging illegal transfers of European user data to China. The group, known for targeting US tech giants like Apple and Meta, said this is its first case against Chinese firms. Complaints have been filed in four EU countries, seeking fines of up to 4% of each company’s global revenue.
Noyb claims that companies such as Alibaba’s AliExpress and Tencent’s WeChat transfer EU citizens’ data either directly to China or undisclosed ‘third countries,’ which are likely China. Under EU data protection laws, such transfers are prohibited if the destination country fails to meet the bloc’s strict privacy standards. A Noyb lawyer emphasised that China’s status as a ‘surveillance state’ makes such transfers clearly unlawful.
The allegations add to mounting regulatory challenges for Chinese tech firms. TikTok, already under scrutiny in Europe for election interference concerns, faces a potential US ban starting Sunday over national security fears. Regulators in multiple regions continue to ramp up pressure on Chinese companies amid growing global concerns over data privacy and security.
Several prominent tech leaders, including Sundar Pichai, CEO of Alphabet, and Tim Cook, CEO of Apple, are scheduled to attend US President-elect Donald Trump’s inauguration on Monday, according to sources familiar with the event’s planning. This marks a significant moment as top executives from the tech industry, including Elon Musk, Jeff Bezos, and Mark Zuckerberg, are also expected to be in attendance. The move signals ongoing engagement between the tech sector and the incoming administration, despite various regulatory and political challenges that have shaped recent interactions between Silicon Valley and the US government.
The participation of these influential figures has attracted attention, especially given the politically charged atmosphere surrounding Trump’s presidency. While there have been tensions between Big Tech companies and the outgoing administration, with issues like data privacy, antitrust concerns, and platform regulation, the CEOs’ attendance at the inauguration may reflect an attempt to foster relationships with the new president and his team.
Apple has not yet responded to a request for comment on the reports of Tim Cook’s attendance, and the full list of attendees is still evolving. The inauguration will serve as a crucial occasion for shaping future dialogues between the tech sector and government officials. The presence of these key leaders also raises questions about how the next administration will approach regulations affecting the rapidly evolving technology industry.
TikTok is preparing to shut down its US operations on Sunday unless a federal ban is averted at the last minute, according to sources. The ban, stemming from a law signed last April, requires TikTok’s Chinese parent company, ByteDance, to sell its US assets by January 19 or face nationwide restrictions. The Supreme Court is currently deliberating on whether to uphold or pause the ban, but no ruling has been made yet.
President-elect Donald Trump, set to take office the day after the ban would take effect, is reportedly considering a temporary suspension of the shutdown. However, legal uncertainty clouds the possibility of such action. Meanwhile, the Biden administration, in its final days, has signalled it will not block the ban without a credible divestment plan from ByteDance. TikTok has argued that the law violates First Amendment rights and warned that a prolonged ban could lead to significant user loss and global disruptions to its services.
If the ban proceeds, TikTok plans to display a pop-up message informing users of the shutdown and allow them to download their data. The app would become largely inoperable as US companies would no longer be permitted to provide critical services for its maintenance. TikTok has emphasised its ability to restore operations quickly if the ban is reversed but warned that the shutdown would impact not just American users but its global platform due to its reliance on US-based infrastructure.
The political and legal standoff has sparked widespread public and corporate reactions. Social media users have expressed disappointment at the impending ban, while TikTok’s US operations, employing over 7,000 workers, hang in the balance. Despite ongoing efforts to delay the enforcement, the platform faces an uncertain future as Sunday’s deadline looms.
