EU tech sovereignty package: chip emergency powers and curbs on US cloud

The Commission’s ‘AI continent’ rhetoric sits atop draft laws that would let it override chip supply contracts and keep US providers away from sensitive government data. The European Commission [...]

Zillow calls itself “AI-native.” It just cut 500 jobs and won’t say whether AI was the reason.

Zillow laid off more than 500 people on Tuesday, about 7% of its staff and its largest cut of the year. The Seattle property company made the move one day before it reports quarterly earnings. It has [...]

A DeepMind exec finally said what the trillion-dollar AI spend is for: machines that improve themselves.

Everyone has been asking what the trillion-dollar AI buildout is actually for. A senior Google DeepMind executive has now given an unusually blunt answer. The spending, he says, is a bet on machines t [...]

Europe’s EV market share tops 25 percent for the first time as June registrations surge nearly 40 percent

Battery-electric registrations across 17 European markets hit 275,060 in June 2026, a jump of nearly 40 percent compared to the same month last year, according to the E-Mobility Europe bulletin publis [...]

Xiaomi’s first EV just passed half a million deliveries

Xiaomi’s SU7 sedan passed 500,000 cumulative deliveries on 17 August, 28.5 months after the first handover. Deliveries of that model are down 43.6% this year, even as the company’s overall volume [...]

The EU has stopped sanctioning Russian hackers and started sanctioning the machine that makes them

The European Union and the United Kingdom have jointly sanctioned Russia’s cyber apparatus for the first time. The EU listed nine individuals and four entities, while the UK went further with 24, P [...]

Meta’s Hyperion data centre hit $50bn, and split a Louisiana town in two

Meta’s Hyperion data centre in rural Louisiana has ballooned from $10bn to more than $50bn in under two years. In a parish of 20,000 people, it has made some locals a fortune and priced others out o [...]

UK regulator probes whether Microsoft misled 365 customers over Copilot price rises

Britain’s Competition and Markets Authority has opened an investigation into how Microsoft sold its 365 subscriptions, asking whether the company misled personal and family customers when it raised [...]

SpaceX’s biggest bull sees a $10.5tn valuation. A famed bear bets on a crash

SpaceX just joined the Nasdaq 100. On the same day, one Wall Street analyst put a $10.5 trillion price tag on it. A famed investor put the odds of a crash at 90 per cent. SpaceX has plenty of admirers [...]