What lawmakers should ask the EU’s new tech boss – POLITICO

What lawmakers should ask the EU’s new tech boss – POLITICO

— Q: Only 8 percent of European companies currently use AI, according to a report published in July. How do you want to reach the target of 75 percent by 2030? — Q: President von der Leyen instructed you to develop a “Cloud and AI development plan” to boost computing power and data storage to … Read more

Tony Blair’s AI mania sweeps Britain’s new government – POLITICO

Tony Blair’s AI mania sweeps Britain’s new government – POLITICO

It’s important civil servants “know what ‘good’ looks like,” said Robyn Scott, founder of Apolitical, a learning platform for public officials. “Because there are a lot of great companies out there … and there are a lot of snake oil salesmen.” Greasing the wheels of government Right now, AI isn’t widely used across government.  The … Read more

AI And Cloud In Spotlight As Big Tech Earnings Roll Out

AI And Cloud In Spotlight As Big Tech Earnings Roll Out

US tech giants saw their shares fluctuate this week as investors tried to gauge whether artificial intelligence will fill coffers or drain them. While it is important to stay on the cutting edge by investing in AI, the market wants financial engines of tech firms going strong to pay for it, according to analysts. Apple … Read more

Harnessing the power of digital product identification – POLITICO

Harnessing the power of digital product identification – POLITICO

However, building and managing this data infrastructure is being positioned by some as a daunting task for businesses in the EU and globally. It does not need to be. The essentials: what makes a digital label Digital labels unlock supply chain transparency and circularity while simplifying DPP compliance for consumer brands across sectors such as … Read more

Shiprocket integrates Snowflake’s AI Data Cloud to empower 1.5 lakh Indian merchants

Shiprocket integrates Snowflake’s AI Data Cloud to empower 1.5 lakh Indian merchants

New Delhi: Data cloud company Snowflake, on Wednesday, announced that e-commerce enablement platform Shiprocket has successfully deployed its artificial intelligence (AI) Data Cloud, which will empower 1.5 lakh Indian merchants providing faster access to data to allow businesses to make data-driven decisions quickly, gaining a competitive edge. This will also empower Shiprocket to streamline data … Read more

Global public cloud infra market to reach $108 billion in 2024: Report

Global public cloud infra market to reach 8 billion in 2024: Report

New Delhi: The shared (public) cloud infrastructure market reached $26.3 billion in the first quarter of this year globally, up 43.9 per cent compared to a year ago, according to a new report. The shared (public) cloud infrastructure is expected to grow 30.4 per cent (year-over-year) to $108.3 billion for the full year, according to … Read more

Microsoft and Google AI deals get EU antitrust scrutiny, Vestager says – POLITICO

Microsoft and Google AI deals get EU antitrust scrutiny, Vestager says – POLITICO

Vestager warned that artificial intelligence is “developing at breakneck speed.” She said they have “a number of other preliminary antitrust investigations ongoing into various practices in AI-related markets,” without giving any details. “We cannot just sit back and see how things pan out,” she said. “Now is the time to act. Strong competition enforcement is … Read more

Delivering digital sovereignty to EU governments

Delivering digital sovereignty to EU governments

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France lands record €15B in foreign investments as Macron hosts business summit – POLITICO

France lands record €15B in foreign investments as Macron hosts business summit – POLITICO

“We’re breaking a new record today,” Macron wrote on X, adding that the investments should generate 10,000 new jobs for French people. Technology and software giant Microsoft will invest €4 billion in France with aim of opening a new data center in eastern France and the expansion of several others, with a focus on artificial … Read more

Foxconn sees record April sales with 19% jump, offers positive Q2 outlook despite ‘off-peak season’

Foxconn sees record April sales with 19% jump, offers positive Q2 outlook despite ‘off-peak season’

Taiwan’s Foxconn, the world’s largest contract electronics maker and the biggest assembler of Apple’s iPhone, reiterated on Sunday it expected a rise in second-quarter revenue, and reported record sales for the month of April. Foxconn said in a statement that this year’s second quarter “remains a traditional off-peak season, and major products are entering a … Read more