The AI industry’s new pact with Donald Trump is only a start, according to one of the firms that signed it. Ashley Gold reported the comments for Semafor. “Companies are going to have to make it more specific, on how they’re going to operationalize it,…
GM’s third-quarter sales fell 5.5% and its electric models collapsed, with the Equinox EV down 92.4% to 1,905 cars after America ended its $7,500 purchase credit. Europe kept its mandates, where electric cars took 29% of new registrations in August and…
TSMC is weighing a new Texas campus of multiple fabs, each costing at least $20B, contingent on Congress extending a 35% manufacturing tax credit. Its only European plant, the Dresden joint venture, totals above EUR 10B and will run 28nm to 12nm nodes …
Ford chief executive Jim Farley said it is too late for Europe to fend off Chinese carmakers and that the United States should take its time deciding. Ford’s own answer in Europe is a Valencia joint venture in which Geely holds 34% and will build two o…
President Donald Trump has ruled out nationalising America’s leading AI labs. But the US might still take a stake in OpenAI and Anthropic, he told TIME in an interview published on Thursday. Eric Cortellessa and Sam Jacobs interviewed Trump at the Whit…
Australia’s public broadcasters, the ABC and SBS, want the country’s news bargaining incentive to cover AI companies. That would push them to strike commercial deals with Australian media to support journalism. The two broadcasters made the call in sub…
MI5 has told UK universities to review any work with the China General Technology Research Institute (CGTRI). It says the institute funds research for China’s Ministry of State Security (MSS). More than 100 UK-linked academics have worked on its projec…
AI could set off shocks in financial markets, and the UK has to be ready for them, Bank of England governor Andrew Bailey told the BBC on Thursday. He said the Bank is watching the money flowing into AI “very carefully”. Mitchell Labiak and Faisal Isla…
OpenAI president Greg Brockman and his wife, Anna, have pulled out of a second $25m donation to Leading the Future, a super PAC that backs pro-AI candidates for Congress. Theodore Schleifer and Mike Isaac reported the move for The New York Times on Wed…
A final investment decision on Project Kilby, a huge gas-powered data centre in West Texas, could slip from the end of this year to 2027 because of state politics. Tim McDonnell reported the news for Semafor on Thursday. The project, near Pecos in the …