Still struggling to jump-start Germany’s torpid economy, the government of chancellor Friedrich Merz has proposed €46 billion in corporate tax cuts, including for the purchase of new equipment and electric vehicles.
Author: admin (Kendrick Williams)
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GERMANY: JA TO ELECTRIC CARS, NEIN TO TESLA
In May, sales of battery-powered cars in Germany jumped 45 percent year on year, but new Tesla registrations were a third lower, according to data from the country’s Federal Motor Transport Authority.
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ECB IS ENDING ITS CYCLE OF INTEREST RATE CUTS
The European Central Bank (ECB) cut its key interest rate by another quarter point last week, dropping it to a flat 2 percent to buffer the Eurozone’s economy against the potential impacts of Donald Trump’s trade war.
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ASIA’S FACTORY PRODUCTION DECLINED IN MAY
The ongoing trade war sharply cut the number of new orders flowing to factories in South Korea, Taiwan, and Vietnam last month, according to S&P Global data.
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CHINA PLANS NETWORK OF AI SUPERCOMPUTERS IN SPACE
Last month, China launched the first 12 satellites into Earth orbit that will become part of a cluster of 2,800, ultimately forming something called the Three-Body Computing Constellation.
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AI SAVED TYPICAL U.K. GOVERNMENT WORKER TWO WEEKS A YEAR, STUDY SAYS
Government workers who use AI for routine administrative tasks boosted their productivity enough to gain more than two weeks’ worth of time in the course of a year, according to a government test designed to see if AI could boost productivity.
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AI TAKES JOBS FROM THE PEOPLE WHO MADE AI POSSIBLE
Not every business has figured out how to make a profitable return on its AI investment, but some of those making out best are using AI to supplement—or, in some cases replace—high-salaried software engineers. Startups that offer AIs able to look over and improve humans’ coding, or write entire blocks of code on their own,......
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XAI SELLS $5 BILLION IN DEBT, VALUES ITSELF AT $113 BILLION
Elon Musk’s xAI has retained Morgan Stanley to shepherd a $5-billion funding package that would value the AI developer at $113 billion.
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META WILL AUTOMATE ALL ADS BY 2027
Meta Platforms has announced it will automate all advertising on its various social media venues before the end of next year.
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“GODFATHER OF AI” SAYS NEW MODELS ARE DEVIOUS AND DANGEROUS
Yoshua Bengio, a Turing Award-winning computer scientist regarded by many as a founder and godfather of AI, says developers are racing to build bigger models faster and, as a result, their newest versions are showing dangerous behaviors.