Updates
US, EU, UK pledge to protect generative AI market fairness
The statement recognises the profound potential of AI and foundation models, pinpointing several competition risks: concentrated control of key AI resources, market power entrenchment by incumbent digital giants, and potentially anti-competitive collaborations among major AI players.
Bangladesh faces fifth day without internet amid protests
The protests, which have resulted in over a hundred deaths according to local newspapers, demand the abolishment of a quota reserving 30% of government jobs for veterans’ relatives in favour of a merit-based system.
Seomjae is set to launch its AI-powered mathematics learning program at CES 2025
To refine the technology and assess its feasibility, Seomjae will initiate beta testing on 29 July with 50 students from Seoul, Ulsan, and Boston.
India slashes import duties, Apple stands to gain
The move aligns with Prime Minister Narendra Modi’s vision of making India a major hub for smartphone manufacturing, competing with countries like China and Vietnam.
Gcore attracts $60 million investment for AI innovation
Investors praised Gcore’s low latency solutions and strategic positioning in emerging AI markets.
Global IT outage prompts US congressional scrutiny, CrowdStrike CEO called to testify
The incident highlights significant national security concerns due to the heavy reliance on a limited number of software services, and the risk of exploitation by international adversaries.
Europol predicts a surge in AI-assisted cybercrimes across the EU
The democratisation of cybercrime poses a formidable challenge for law enforcement agencies, requiring urgent enhancement of their capabilities.
Deloitte partners with Amazon to enhance global AI and data capabilities
The Innovation Lab by Deloitte and Amazon Web Services will develop industry-specific AI solutions.
Grundon invests in AI for safer driving
Expected to save £220,000 annually in fuel costs, the technology includes Dual-Facing AI Dash Cams and other monitoring systems that provide feedback to drivers.
Samsung and union talks end unsuccessfully, strike continues
Analysts warn that an extended strike by key personnel could exacerbate challenges for Samsung’s semiconductor division.
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