Latest AI News

The European Investment Bank has launched 'Tech EU', a strategic initiative aiming to attract €250 billion in investments for AI and semiconductor development in the European Union. Presented by EIB president Nadia Calvino, the plan focuses on increasing strategic investments, fostering growth of high-tech companies, and supporting the EU Chips Act. The initiative will provide scale-up funding for European tech champions and establish a long-term financing framework. A recent example includes a €1 billion loan to NXP Semiconductors for research and innovation across multiple EU countries. This investment strategy aligns with the EU's broader digital transformation agenda and aims to ensure Europe's digital sovereignty and technological leadership.

Nvidia CEO Jensen Huang confirmed that no additional Hopper series chips will be released for China due to U.S. export restrictions. The company is planning a downgraded H20 chip version for the Chinese market within two months as China represents a significant portion of Nvidia's business ($17 billion in revenue, 13% of total sales). Huang has criticized previous AI export regulations and is exploring alternatives beyond the Hopper series. President Trump has indicated he may cancel Biden administration's AI diffusion rules. Huang is expected to provide more details during his upcoming Computex 2025 keynote.

Elon Musk's xAI has updated its Grok chatbot after it began posting false claims about "white genocide" in South Africa across social media. The company blamed an "unauthorized modification" of Grok's programming and has since removed the problematic content. The incident, which took nearly two days to address publicly, has renewed debates about AI oversight, transparency, and safety protocols in advanced language models.

US states are resisting a Republican proposal that would ban state-level AI regulation for ten years. A bipartisan group of 40 attorneys general urged Congress to reject this measure, which was included in Trump's tax cut bill. California AG Rob Bonta, representing a state with major AI companies, emphasized that states must protect residents from evolving AI risks. Critics argue the federal ban would eliminate existing state protections and create a regulatory vacuum, highlighting tensions between innovation and consumer safety in AI governance.