AFP
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AI's $400 bn problem: Are chips getting old too fast?
In pursuit of the AI dream, the tech industry this year has plunked down about $400 billion on specialized chips and data centers, but questions are mounting about the wisdom of such unprecedented levels of investment. Building data centers requires raising significant capital, Luria points out.
Oracle shares dive as revenue misses forecasts
Shares in business computing giant Oracle fell more than 10 percent on Wednesday on word its revenue missed heady expectations, dampening artificial intelligence euphoria in the market. Oracle's cloud and business computing unit accounted for $8 billion of that revenue, an increase of 34 percent from the same quarter in 2024, according to the earnings report.
Intel sees record EU fine reduced further
The EU General Court dealt a blow to the European Commission on Wednesday in reducing what was initially a record fine against US chipmaker Intel to 237 million euros ($276 million) -- a quarter of the original sum. In the new ruling published Wednesday, the court said it had "substantially upheld the 2023 decision", but reduced the fine to 237 million euros.
Veggie 'burgers' remain on table as EU talks stall
EU wrangling over whether to give plant-based "sausages" and veggie "burgers" the chop and restrict such labels to meat products will grind on into next year after countries and lawmakers failed to reach a deal on Wednesday. Lawmakers at the European Parliament in October backed a proposal to reserve a list of labels including burger and sausage for foods containing meat.
Not lovin' it: McDonald's pulls Dutch AI Christmas ad
US burger chain McDonald's said on Wednesday it had removed an AI-generated Christmas advert in the Netherlands after it was filleted online. McDonald's Netherlands said in a statement to AFP: "The Christmas commercial was intended to show the stressful moments during the holidays in the Netherlands.
Instagram users given new algorithm controls
Instagram on Wednesday unveiled a new AI-powered feature that lets users view and adjust the algorithm shaping their Reels feed, calling it a pioneering move toward greater user control.
EU seeks better Spain-France energy links after blackout
The EU said Wednesday it wants to boost energy links between France and Spain as part of a bloc-wide push to secure power supplies, months after a massive outage hit the Iberian Peninsula. The construction of two new interconnections linking France and Spain across the Pyrenees topped a list of eight "energy highways" Brussels wants to fast track.
Greek govt in emergency meeting as farmers block central port
Greece's government held emergency meetings Wednesday to address a growing farm protest movement, as demonstrators temporarily blocked the central port of Volos. Volos, one of Greece's main ports, is a key gateway into Thessaly, the country's agricultural heartland.
China consumer prices pick up pace but demand still slack
Rising food costs pushed consumer inflation in China last month to its fastest pace in nearly two years, data showed Wednesday, but lower factory-gate prices suggested demand in the world's second-largest economy remains weak.
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