Microsoft has committed $2.7 billion to enhance cloud and artificial intelligence infrastructure in Brazil. The investment, to be rolled out over three years, aims to strengthen datacentres and train 5 million people in AI skills. Brazil’s economy is expected to benefit from this, with projections that AI could add 4.2 percentage points to the nation’s growth by 2030.
This initiative is part of Microsoft’s ongoing ‘Mais Brasil’ program, which was introduced in 2020. The program reflects the company’s long-term commitment to the South American region, with a particular focus on technology innovation and workforce development.
CEO Satya Nadella highlighted the importance of ensuring AI benefits all sectors of Brazilian society, while Brazilian Vice President Geraldo Alckmin praised the move, noting the country’s potential as a global leader in AI. Alckmin also pointed to Brazil’s renewable energy supply, which will help power the new datacentres.
Microsoft’s decision underscores the growing importance of Latin America and Brazil in global technology expansion. The focus on cloud computing and AI infrastructure aligns with the global trend of integrating advanced tech solutions to drive economic growth.
The integration of AI into banking is gaining momentum, with 72% of finance leaders already using it in their operations. Applications range from fraud detection to automating customer onboarding processes. Banking executives are recognising the strategic importance of approving initiatives across the sector to boost efficiency and improve customer experiences.
Despite the clear benefits, banks face significant challenges in adopting AI. Consumer scepticism poses a key hurdle, with 20% of US consumers viewing AI as a security risk. Additionally, 37% of banks are concerned about potential cyber vulnerabilities, while data management and regulatory compliance add complexity to the integration process.
To successfully implement AI, banks must build consumer trust through hyper-personalised services and AI-enhanced authentication methods. Addressing security concerns with predictive risk management can strengthen customer confidence. Moreover, forming partnerships with FinTech firms is crucial for addressing underinvestment in AI infrastructure and ensuring smooth implementation.
While the road to AI integration is complex, its potential to revolutionise the financial sector is immense. With careful planning, collaboration, and innovation, banks have the opportunity to transform customer experiences and remain competitive in a rapidly digitising world.
Dell has launched the Dell AI for Telecom Program, a strategic initiative to streamline the integration of AI solutions for communications service providers (CSPs). The program addresses the rising demand for advanced technologies in the telecommunications sector, empowering CSPs to optimise operations and meet evolving customer needs.
A cornerstone of this initiative is the expanded partnership with NVIDIA, which focuses on co-developing customised AI solutions through the Dell AI Factory. The program aims to enhance network performance and customer service, offering solutions such as advanced customer care platforms, operational automation, and robust network troubleshooting capabilities.
Dell is forging strategic partnerships with key industry players to drive innovation and expedite AI adoption. For example, its collaboration with Lintasarta, an Indonesian ICT solutions provider, aims to offer GPU-as-a-Service to national businesses, granting them access to high-performance AI infrastructure.
Furthermore, Dell is working with SK Telecom to develop an AI chat agent and the Mobile Network Operator (MNO) AI Platform, seamlessly integrating AI into existing business support systems to streamline telecom operations. To bolster these initiatives, Dell Professional Services will assist CSPs in strategising, implementing, and managing AI solutions tailored explicitly for the telecommunications sector. Overall, these concerted efforts position Dell’s initiatives as pivotal in driving network cloud transformation, reducing operational costs, and unlocking new revenue streams through innovative AI applications.
The US Federal Trade Commission (FTC) has cracked down on five companies for deceptive use of AI. Three cases involved businesses falsely claiming to help consumers generate passive income through e-commerce. The FTC also reached settlements with DoNotPay and Rytr, two companies accused of misleading consumers with their AI tools. DoNotPay, which marketed automated legal services, agreed to a $193,000 settlement and will notify customers of the tool’s limitations, while Rytr faced criticism for allowing users to create fake product reviews through its AI writing feature.
FTC Chair Lina M. Khan stressed that AI tools must comply with existing laws, making it clear that deceiving or misleading consumers with AI is illegal. Despite not admitting wrongdoing, both Rytr and DoNotPay settled with the FTC. Rytr agreed to discontinue its review-generating feature, used to create fake product reviews, while DoNotPay accepted a settlement without admitting fault.
The FTC’s actions have sparked internal debate on how to regulate AI. While all five commissioners supported cracking down on false AI claims, the two Republican commissioners raised concerns about the agency’s authority in the Rytr case. This division highlights differing views within the FTC on the scope of its regulatory powers when addressing AI-related issues.
At its annual Connect conference, Meta Platforms unveiled its first working prototype of augmented-reality glasses called Orion. CEO Mark Zuckerberg described the chunky black glasses as a glimpse into a future where virtual and physical worlds merge seamlessly, referring to them as a “time machine” that could transform user interactions. The announcement also featured improved AI chatbot capabilities and a new Quest mixed-reality headset, contributing to a record closing high for Meta shares at $568.31.
The Orion glasses, made from magnesium alloy and powered by custom silicon designed by Meta, will include features like hand-tracking, voice controls, and a wrist-based neural interface. Meta plans to refine the glasses to make them smaller and more affordable for a projected consumer launch in 2027. However, previous attempts at AR by major tech companies have often encountered challenges. Analysts recognise Meta’s goal of making augmented reality accessible, but public scepticism about AI technology continues to be a significant barrier.
Although Zuckerberg did not demonstrate the glasses’ features live, a video showcased testers, including Nvidia CEO Jensen Huang, interacting with the device. Meta’s existing Ray-Ban smart glasses gained popularity after the introduction of an AI assistant, which will soon allow users to scan QR codes and stream music using voice commands. Future updates for these glasses are set to include real-time language translation and video generation capabilities.
Alongside its AR announcements, Meta unveiled several AI updates, including improved audio responses for its digital assistant, Meta AI, which can now mimic celebrity voices. With over 400 million monthly users, Meta is heavily investing in AI and AR technologies, anticipating record capital expenses of $37 billion to $40 billion for 2024. However, despite these investments, the Reality Labs division reported substantial losses of $8.3 billion in the first half of this year.
Microsoft has announced a significant investment of $1.3 billion in Mexico over the next three years, aimed at strengthening its cloud computing and AI infrastructure. During an event in Mexico City, CEO Satya Nadella emphasised the company’s commitment to enhancing connectivity and promoting AI adoption, particularly among small and medium-sized businesses (SMBs). The initiative is expected to reach 5 million people and support 30,000 SMBs in the region.
Major Mexican companies, including Bimbo and Cemex, are already utilising Microsoft’s AI tools, showcasing the growing integration of technology in the country. Additionally, in partnership with Viasat, Microsoft plans to extend internet access to 150,000 Mexicans without connectivity by the end of 2025.
The investment has been positively received by Mexico’s incoming Economy Minister Marcelo Ebrard, who believes it will significantly accelerate the nation’s AI development.
Several police departments in the United States have begun using AI to write incident reports, aiming to reduce time spent on paperwork. Oklahoma City’s police department was an early adopter of the AI-powered Draft One software, but paused its use to address concerns raised by the District Attorney’s office. The software analyses bodycam footage and radio transmissions to draft reports, potentially speeding up processes, although it may raise legal concerns.
Paul Mauro, a former NYPD inspector, noted that the technology could significantly reduce the burden on officers, who often spend hours writing various reports. However, he warned that officers must still review AI-generated reports carefully to avoid errors. The risk of inaccuracies or ‘AI hallucinations’ means oversight remains crucial, particularly when reports are used as evidence in court.
Mauro suggested that AI-generated reports could help standardise police documentation and assist in data analysis across multiple cases. This could improve efficiency in investigations by identifying patterns more quickly than manual methods. He also recommended using the technology for minor crimes while legal experts ensure compliance with regulations.
The potential for AI to transform police work has drawn comparisons to the initial resistance to bodycams, which are now widely accepted. While there are challenges, the introduction of AI in police reporting may offer long-term benefits for law enforcement, if implemented thoughtfully and responsibly.
Russia has been the most active foreign power using AI to influence the upcoming United States presidential election, according to a US intelligence official. Moscow’s efforts have focused on supporting Donald Trump and undermining Kamala Harris and the Democratic Party. Russian influence actors are employing AI-generated content, such as text, images, and videos, to spread pro-Trump narratives and disinformation targeting Harris.
In July, the US Justice Department revealed the disruption of a Russia-backed operation that used AI-enhanced social media accounts to spread pro-Kremlin messages in the US Additionally, Russian actors staged a false hit-and-run video involving Harris, according to Microsoft research. The intelligence official described Russia as a more sophisticated player in comparison to other foreign actors.
China has also been leveraging AI to shape global perceptions, though it is not focused on influencing the US election outcome. Instead, Beijing is using AI to promote divisive political issues in the US, while Iran has employed AI to generate inauthentic news articles and social media posts, targeting polarising topics such as Israel and the Gaza conflict.
Both Russia and Iran have denied interfering in the US election, with China also distancing itself from attempts to influence the voting process. However, US intelligence continues to monitor the use of AI in foreign influence operations as the November 5 election approaches.
Vietnam’s President To Lam met with leading US firms in New York, pledging to strengthen the domestic tech sector. Discussions focused on boosting Vietnam’s digital transformation and enhancing strategic industries like AI and semiconductors. The Vietnamese president also held talks with major companies including Apple, Blackstone, and Warburg Pincus.
Meta, which already has millions of Facebook users in Vietnam, committed to increasing its investment in the country. Plans include expanding virtual reality production in Vietnam, signalling a stronger presence in the nation’s tech landscape. Meta’s Nick Clegg expressed confidence in Vietnam’s digital potential.
During Lam’s visit, cooperation agreements with US firms were signed. These agreements cover various sectors such as energy, artificial intelligence, and a new data centre initiative, further solidifying ties between the two nations.
The Vietnamese government emphasised that digital transformation will be key to future economic growth. Lam reaffirmed Vietnam’s commitment to advancing the tech economy and fostering innovation through international collaboration.
France has appointed Clara Chappaz, the CEO of La French Tech, as its first-ever minister dedicated to AI and Digitalisation, marking a significant step in its quest to become a global leader in AI. That appointment aligns with President Emmanuel Macron’s vision to transform Paris into the ‘city of AI.’
Chappaz expressed her enthusiasm for the role, highlighting her commitment to public action on digital and AI subjects. The new ministerial title underscores France’s strategic focus on advancing its AI capabilities, further evidenced by its efforts to foster generative AI enterprises like Mistral AI and H and its plans to host the International AI Summit in February.
France’s national AI strategy, published last year, promises a €500 million investment to establish AI clusters by 2030. Chappaz, 35, has significantly contributed to the tech industry and gender equality during her tenure at La French Tech. She launched an optional parity pact that mandates a 20 percent minimum quota of women on boards of directors by 2025 and requires managers to be trained in diversity and anti-discrimination practices.
Why does it matter?
Amid recent political changes in France, including the National Assembly’s dissolution and Michel Barnier’s appointment as prime minister, Chappaz’s new role is seen as a stabilising move. She will report to the Ministry of Higher Education and Research, signalling a potential shift towards integrating AI advancements with educational and research initiatives. Chappaz’s appointment and France’s strategic extensions in AI policies highlight the nation’s intent to lead technological innovation while upholding ethical standards and promoting inclusivity.
