US in talks with AI companies over voluntary standards for new models
US in talks with AI companies over voluntary standards for new models

The US government is negotiating voluntary standards with AI companies covering how new models get released, according to the Financial Times, with an announcement said to be possible within the next week. The standards would reportedly set benchmarks …

Super Micro says two Taiwan staff detained in probe involving its AI servers
Super Micro says two Taiwan staff detained in probe involving its AI servers

Taiwanese court has ordered the detention of two Super Micro employees as part of a widening investigation into whether AI servers built with Nvidia chips were illegally routed to China. The Keelung District Court detained the pair, identified in Taiwa…

OpenAI has reportedly offered Washington a 5% stake worth $42.6bn
OpenAI has reportedly offered Washington a 5% stake worth $42.6bn

OpenAI has proposed handing the US government a 5% equity stake in the company, according to the Financial Times, as the White House and Silicon Valley’s best-funded startup edge closer to a deal that has been under discussion for more than a year. At …

Alibaba will pay 600 million dollars to settle a US probe into illegal pharmaceutical sales on its platform
Alibaba will pay 600 million dollars to settle a US probe into illegal pharmaceutical sales on its platform

Alibaba and its US digital payment processor have agreed to pay 600 million dollars to resolve a federal investigation into whether they failed to prevent the sale and importation of illegal pharmaceuticals and controlled substances, the Justice Depart…

Ashton Kutcher is leaving Sound Ventures to start a new VC firm with Morgan Beller
Ashton Kutcher is leaving Sound Ventures to start a new VC firm with Morgan Beller

Ashton Kutcher is leaving Sound Ventures, the firm he co-founded with Guy Oseary 11 years ago, to start a new venture capital firm with Morgan Beller, according to TechCrunch. The new firm will target early-stage investments in AI infrastructure, energ…

Meta wants to rent out its spare AI compute, and Wall Street likes the idea
Meta wants to rent out its spare AI compute, and Wall Street likes the idea

A reported plan to sell surplus computing power would put Meta up against AWS, Google Cloud and Azure, and give investors a reason to look past its spending. Meta has spent two years buying every scrap of AI computing power it can lay hands on. Now it …

Swedish court orders Google to pay Klarna nearly $2 billion in antitrust damages
Swedish court orders Google to pay Klarna nearly $2 billion in antitrust damages

A Swedish court has ordered Google to pay more than 14 billion kronor to Klarna’s PriceRunner subsidiary for illegally favouring its own comparison shopping service in search results. The ruling, handed down on Tuesday by the Patent and Market Court in…

EU tech chief and Tim Cook hold ‘constructive’ talks as Siri AI stays blocked in Europe
EU tech chief and Tim Cook hold ‘constructive’ talks as Siri AI stays blocked in Europe

Apple chief executive Tim Cook and the European Union’s technology chief spoke by video call on Monday, and both sides came away describing the exchange as “constructive”. That word is doing a lot of work. Executive Vice-President Henna Virkkunen, who …

Visa, Mastercard and 140 firms launch Open USD, a stablecoin built to undercut Circle
Visa, Mastercard and 140 firms launch Open USD, a stablecoin built to undercut Circle

Aconsortium of more than 140 financial and technology companies, among them Visa, Mastercard, Stripe and Coinbase, launched a new dollar-pegged stablecoin on Tuesday called Open USD. The venture, run by an independent company named Open Standard, is a …

US lifts export controls on Anthropic’s Fable 5, clearing the model’s return
US lifts export controls on Anthropic’s Fable 5, clearing the model’s return

The US Commerce Department has lifted the export controls it placed on Anthropic’s most advanced models, ending a roughly three-week freeze that had pulled the company’s Claude Fable 5 offline. Reuters first reported the move on Tuesday, 30 June, citin…