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Greek businesses urged to accelerate AI adoption

AI is becoming a central factor in business development, according to Google Cloud executives visiting Athens for Google Cloud Day.

Marianne Janik and Boris Georgiev explained that AI is entering daily life more quickly than many expected, creating an urgent need for companies to strengthen their capabilities. Their visit coincided with the international launch of Gemini 3, the latest version of the company’s AI model.

They argued that enterprises in Greece should accelerate their adoption of AI tools to remain competitive. A slow transition could limit their position in both domestic and international markets.

They also underlined the importance of employees developing new skills that support digital transformation, noting that risk-taking has become a necessary element of strategic progress.

The financial sector is advancing at a faster pace, aided by its long-standing familiarity with digital and analytical tools.

Banks are investing heavily in compliance functions and customer onboarding. Retail is also undergoing a similar transformation, driven by consumer expectations and operational pressures.

Google Cloud Day in Athens brought together a large number of participants, highlighting the sector’s growing interest in practical AI applications and the role of advanced models in shaping business processes.

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EU moves forward with Bulgaria payment review

The European Commission has given partial approval to Bulgaria’s request for €1.6 billion under the Recovery and Resilience Facility. The assessment followed the country’s submission in early October and confirmed that most reforms and investments linked to the payment were completed.

Progress spanned the green and digital transition, research, innovation, healthcare, social protection, sustainable transport and business modernisation.

Officials confirmed that 48 of 50 milestones were met, supporting Bulgaria’s efforts to strengthen economic growth and improve long-term competitiveness, rather than delaying structural change.

Measures covered a prohibition on new coal or lignite power installations, limits on emissions from existing plants, investment in renewable energy and steps to make healthcare careers more appealing.

The Commission noted that these areas formed core elements of Bulgaria’s recovery plan.

Two milestones were considered incomplete. The first relates to the establishment of an operational anti-corruption body; the second concerns aspects of legal acts linked to criminal proceedings and the accountability of the Prosecutor General.

Additionally, the Commission proposed a temporary deferral for the portion of funding connected to those elements, allowing Bulgaria to receive money for milestones already achieved instead of holding back the entire request.

The next stage involves a review by the Economic and Financial Committee within four weeks. Bulgaria will also have one month to respond to the Commission’s concerns. If issues remain unresolved, part of the payment will be withheld until the outstanding milestones are met.

Once corrective actions are completed, the remaining funds will be released in line with the standard procedure for the Recovery and Resilience Facility.

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UK moves to give crypto full legal property status

The United Kingdom has introduced a landmark legal change by formally recognising cryptocurrencies and stablecoins as personal property. The Property Act, which secured royal assent this week, establishes a clear statutory framework for digital ownership after years of fragmented court rulings.

Industry bodies hailed the development as a decisive boost for legal certainty. Groups such as Bitcoin Policy UK and CryptoUK stated that the new rules enhance protection, facilitate token recovery, and clarify uncertainty over ownership and inheritance.

Lawmakers followed guidance from the Law Commission, which urged the creation of a dedicated category for digital assets that did not fit traditional definitions of personal property.

Regulators view the shift as part of a broader effort to reinforce Britain’s ambitions as a digital finance hub.

Ministers are reviewing a possible ban on cryptocurrency donations to political parties. They are also assessing reforms to the taxation of decentralised finance, which could prevent users from triggering capital gains when using lending protocols or liquidity pools.

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Bank of America advises clients to invest in crypto

Bank of America is expanding cryptocurrency access for its wealth management clients, recommending a 1–4% allocation of digital assets across portfolios. The move brings crypto exposure to a broader range of clients, beyond the bank’s previously ultra-wealthy clientele.

Starting January 5, the bank will cover four of the largest Bitcoin ETFs, including Bitwise Bitcoin ETF, Fidelity’s Wise Origin Bitcoin Fund, Grayscale’s Bitcoin Trust, and BlackRock’s iShares Bitcoin Trust, which collectively manage over $94 billion in assets.

The recommendation aligns with a broader trend among traditional financial institutions encouraging crypto adoption.

Firms such as Morgan Stanley, BlackRock, and Fidelity have issued similar guidance in the past year. Vanguard recently opened its brokerage platform to ETFs and mutual funds that primarily hold cryptocurrencies.

Chris Hyzy, Chief Investment Officer at Bank of America Private Bank, said that a modest allocation of 1–4% in digital assets may suit investors who are comfortable with high volatility and interested in thematic innovation.

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Thrive Holdings deepens AI collaboration with OpenAI for business transformation

OpenAI and Thrive Holdings have launched a partnership to accelerate enterprise adoption of AI. The work focuses on applying AI to high-volume business functions such as accounting and IT services. Both companies say these areas offer immediate gains in speed, accuracy, and cost efficiency.

OpenAI will place its teams inside Thrive Holdings’ companies to improve core workflows. The partners want a model they can replicate across other sectors. They say embedding AI in real operations delivers better results than external tools.

Executives say AI is reshaping how organisations deliver value in competitive markets. OpenAI’s Brad Lightcap described the collaboration as an example of rapid, organisation-wide transformation. He said the approach could guide other businesses seeking practical pathways to use advanced AI tools.

Thrive Holdings views the initiative as part of a broader shift in how technology is adopted. Founder Joshua Kushner said industry experts are now driving change from within their sectors. He added that Thrive’s portfolio offers the data and domain knowledge needed to refine AI for specialised tasks.

Both partners expect the model to scale into additional business areas as uptake grows. They see long-term opportunities to adapt the framework to more enterprise functions. The ambition is to demonstrate how embedded AI can boost performance and sustain operational improvements.

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Data centre power demand set to triple by 2035

Data centre electricity use is forecast to surge almost threefold by 2035. BloombergNEF reported that global facilities are expected to consume around 106 gigawatts by then.

Analysts linked the growth to larger sites and rising AI workloads, pushing utilisation rates higher. New projects are expanding rapidly, with many planned facilities exceeding 500 megawatts.

Major capacity is heading to states within the PJM grid, alongside significant additions in Texas. Regulators warned that grid operators must restrict connections when capacity risks emerge.

Industry monitors argued that soaring demand contributes to higher regional electricity prices. They urged clearer rules to ensure reliability as early stage project numbers continue accelerating.

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Singapore and the EU advance their digital partnership

The European Union met Singapore in Brussels for the second Digital Partnership Council, reinforcing a joint ambition to strengthen cooperation across a broad set of digital priorities.

Both sides expressed a shared interest in improving competitiveness, expanding innovation and shaping common approaches to digital rules instead of relying on fragmented national frameworks.

Discussions covered AI, cybersecurity, online safety, data flows, digital identities, semiconductors and quantum technologies.

Officials highlighted the importance of administrative arrangements in AI safety. They explored potential future cooperation on language models, including the EU’s work on the Alliance for Language Technologies and Singapore’s Sea-Lion initiative.

Efforts to protect consumers and support minors online were highlighted, alongside the potential role of age verification tools.

Further exchanges focused on trust services and the interoperability of digital identity systems, as well as collaborative research on semiconductors and quantum technologies.

Both sides emphasised the importance of robust cyber resilience and ongoing evaluation of cybersecurity risks, rather than relying on reactive measures. The recently signed Digital Trade Agreement was welcomed for improving legal certainty, building consumer trust and reducing barriers to digital commerce.

The meeting between the EU and Singapore confirmed the importance of the partnership in supporting economic security, strengthening research capacity and increasing resilience in critical technologies.

It also reflected the wider priorities outlined in the European Commission’s International Digital Strategy, which placed particular emphasis on cooperation with Asian partners across emerging technologies and digital governance.

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Italy secures new EU support for growth and reform

The European Commission has endorsed Italy’s latest request for funding under the Recovery and Resilience Facility, marking an important step in the country’s economic modernisation.

An approval that covers 12.8 billion euros, combining grants and loans, and supports efforts to strengthen competitiveness and long-term growth across key sectors of national life.

Italy completed 32 milestones and targets connected to the eighth instalment, enabling progress in public administration, procurement, employment, education, research, tourism, renewable energy and the circular economy.

Thousands of schools have gained new resources to improve multilingual learning and build stronger skills in science, technology, engineering, arts and mathematics.

Many primary and secondary schools have also secured modern digital tools to enhance teaching quality instead of relying on outdated systems.

Health research forms another major part of the package. Projects focused on rare diseases, cancer and other high-impact conditions have gained fresh funding to support scientific work and improve treatment pathways.

These measures contribute to a broader transformation programme financed through 194.4 billion euros, representing one of the largest recovery plans in the EU.

A four-week review by the Economic and Financial Committee will follow before the payment can be released. Once completed, Italy’s total receipts will exceed 153 billion euros, covering more than 70 percent of its full Recovery and Resilience Facility allocation.

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Australia launches national AI plan to drive innovation

The Australian Government has unveiled its National AI Plan, aiming to harness AI to build a fairer, stronger nation. The plan helps government, industry, research and communities collaborate to ensure everyone benefits as technology transforms the economy and society.

AI is reshaping work, learning and service delivery across Australia, boosting productivity, competitiveness and resilience. The plan outlines a path for developing trusted AI solutions while promoting investment, innovation and national capability.

Key initiatives focus on spreading benefits widely, supporting small businesses, regional communities and groups at risk of digital exclusion.

Programs such as the AI Adopt Program and the National AI Centre provide guidance and resources. At the same time, digital skills initiatives aim to increase AI literacy across schools, TAFEs and community organisations.

Safety and trust remain central, with the government establishing the AI Safety Institute to monitor risks and ensure the ethical adoption of AI. Legal, regulatory and ethical frameworks will be reviewed to protect Australians and establish the country as a leader in global AI standards.

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Philips launches AI-powered spectral CT system

Philips has unveiled Verida, the world’s first detector-based spectral CT fully powered by AI. The system integrates AI across the imaging chain, enhancing image quality, lowering system noise, and streamlining clinical workflow for faster, more precise diagnostics.

Spectral CT allows tissues to be distinguished based on how they absorb different x-ray energies, providing insights that conventional scans cannot. Verida reconstructs 145 images per second, completing exams in under 30 seconds, allowing up to 270 scans daily with lower doses and up to 45% less energy use.

Clinicians are already seeing benefits, especially in cardiac imaging. Prof. Eliseo Vañó Galván, Chairman of CT & MR at Hospital Nuestra. Sra. Del Rosario in Madrid, said the system could boost confidence, reduce invasive procedures, and expand spectral imaging.

Built for high-demand environments, Verida combines AI-driven reconstruction with Philips’ Nano-panel dual-layer detector and proprietary Spectral Precise Image technology. The system is CE-marked and 510k pending, with availability in select markets expected in 2026.

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