New Sites Announced Nationwide The consortium behind Stargate — OpenAI, Oracle, and SoftBank — has disclosed plans for five additional data centers across the United States. Facilities are scheduled for Shackelford County, Texas; Doña Ana County, New Mexico; Milam County, Texas; Lordstown, Ohio; and another Midwestern location still to be determined. With these projects, Stargate’s projected computing power climbs toward 7 gigawatts, a major step in a program aiming to mobilize as much as $500 billion for artificial intelligence infrastructure over the coming years. Consortium’s Division of Work Oracle has been assigned development of three of the new complexes, while…
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Canadian privacy officials determined that TikTok fails to protect children’s personal data. They said the app allows underage access and mishandles sensitive information. Children continue using the app Hundreds of thousands of Canadian children log into TikTok each year. The company insists the service is not for users under 13. Investigators found that many minors still access the platform. Data collected for advertising The investigation revealed that TikTok gathered sensitive information from large numbers of children. The platform then used this data for targeted ads and content recommendations. Officials warned these practices could put young users at risk. TikTok pledges…
Amazon will shut down all 19 of its Amazon Fresh grocery shops in the UK, with five of them set to be converted into Whole Foods Market outlets. The closures mark the end of the company’s experiment with cashierless grocery stores, launched in 2021 with the promise of seamless, app-based shopping. The Fresh concept relied on cameras and sensors to automatically charge customers for items as they left. However, the idea failed to gain traction after the pandemic, leaving Amazon unable to compete with established supermarkets such as Tesco and Sainsbury’s. Amazon has not confirmed how many jobs will be…
President Trump told the UN that migration and energy policies threaten Europe’s identity.He labeled uncontrolled immigration a “double-tailed monster” and warned nations will crumble if unchecked.Trump criticized leaders for prioritizing politeness over national security and urged immediate border closures.He accused the UN of enabling mass entries into the U.S. and financing illegal migration. Historic Conflicts Resolved in Months Trump claimed he ended seven long-standing disputes within seven months.He named conflicts in the Middle East, Africa, and South Asia where he brokered peace.Trump said he acted alone while the UN failed to assist in negotiations.He suggested these accomplishments merited global accolades,…
Porsche shares dropped more than seven percent on Monday after the company announced setbacks in its electric vehicle plans. The carmaker had already warned that weaker demand would hurt its 2025 earnings. Volkswagen also slides Parent company Volkswagen saw its shares fall by over seven percent on the same day. It pledged billions to refresh Porsche’s line-up, worrying investors. The decline underscores the challenges European automakers face from Chinese competitors and a slowing economy. Profit outlook reduced Porsche cut its profit margin forecast from as high as seven percent to two percent or less. It cited US tariffs, declining luxury…
European lawmakers, Nobel winners, and former heads of state urged binding international rules on dangerous AI uses.They launched the initiative Monday at the UN’s 80th General Assembly in New York.Signatories, including Enrico Letta, Mary Robinson, Brando Benifei, Sergey Lagodinsky, ten Nobel laureates, and top tech leaders, pushed for “red lines” by 2026.They warned that without global standards, AI could cause pandemics, disinformation campaigns, human rights abuses, and loss of human control.Over 200 prominent figures and 70 organisations from politics, science, and human rights support the campaign. AI Threats Extend to Mental Health Researchers found chatbots like ChatGPT, Claude, and Google…
High-Profile Listings Fuel Market Optimism European stock exchanges are witnessing a resurgence in initial public offerings, with capital raised this year already outpacing 2023. Major debuts from Puig, the Spanish luxury and cosmetics group, and Swiss skincare business Galderma have each generated close to €2 billion, underscoring renewed appetite for established, consumer-focused companies. Private Equity Eyes Market as Exit Route Private equity-backed firms are at the forefront of this wave. Security company Verisure, supported by Hellman & Friedman, is targeting roughly €3.1 billion through an upcoming Stockholm listing. The deal, set to be one of the largest in Sweden’s history,…
Vodafone franchisees warned in 2020 that commission cuts were affecting their mental health, four years before a group of 62 launched a £120m high court claim. A survey of 119 franchisees revealed stress, anxiety, depression, sleep problems, and low trust in the company. The claim alleges Vodafone “unjustly enriched” itself at the expense of small business owners, some of whom reported personal debts over £100,000 and suicidal thoughts. Vodafone says it “strongly refutes” the allegations and describes the case as a “commercial dispute,” while also launching a fourth investigation into its franchising division.
Apple has accused European regulators of unfairly targeting its closed ecosystem, claiming the EU prevents users from enjoying the “magical, innovative experience” that defines the company. “We face a serious threat in Europe,” Greg Joswiak said while unveiling Apple’s latest products and features. The company says its tightly integrated hardware and software ensure safety and quality, while EU officials argue it excludes competitors and restricts fair competition. Years of conflict result in major fine Apple’s dispute with Brussels has lasted for years, peaking in April when the EU fined the company €500m for alleged anti-competitive practices in its App Store.…
Washington Holds Back Deliveries The U.S. government has introduced a pause on selected arms exports to European nations, citing dwindling reserves of high-demand systems. Among the equipment affected are Patriot missile interceptors, with officials noting that sustaining U.S. defense capabilities takes precedence as international tensions remain elevated. Denmark Forced to Seek Alternatives The policy shift became evident when Denmark attempted to finalize a deal for Patriot air-defense systems. American defense officials rejected the request, stating the systems were needed for domestic use. As a result, Denmark turned to European contractors, signing its largest-ever defense agreement for advanced medium- and long-range…
