The EU’s €20 billion plan for five AI gigafactories is falling apart before the first bid is even submitted
The European Union’s plan to build five massive AI data centres, each with one gigawatt of capacity and approximately 100,000 advanced chips, is stumbling before it starts. The bidding process, originally scheduled for May, has been pushed to July. A lack of funding clarity means only two of the five planned centres can receive money […]<br /> This story continues at The Next Web [...]
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EU pools up to €30 billion for AI gigafactories while US tech giants casually spend 20 times more
The European Commission wants to build up to seven AI gigafactories across Europe, backed by around 30 billion euros in public and private funding. For context, the major U.S. tech companies alone pla [...]
Europe opens bidding for seven AI ‘gigafactories’ in a €30bn bid to catch up
The European Commission has opened the bidding to build up to seven AI “gigafactories,” vast computing hubs meant to give the bloc the raw power to train frontier AI models without depending on th [...]
Paramount won't quit, files suit against Warner Bros. Discovery over rejected bid
Paramount Skydance just does not want to take no for an answer. After having multiple bids to acquire Warner Bros. Discovery (WBD) rejected, including a recent hostile bid that the WBD board recommend [...]
OpenAI's board 'unanimously' rejects Elon Musk's $97.4 billion takeover bid
Elon Musk launched a $97.4 billion bid to take control of OpenAI. The Wall Street Journal reported a group of investors led by Musk's xAI submitted an unsolicited offer to the company's boa [...]
Perplexity AI has reportedly submitted an 11th-hour bid to save TikTok in the US
Just one day before TikTok is expected to shut down in the US, startup Perplexity AI has submitted a bid to TikTok’s parent company ByteDance proposing a merger that would allow it to continue opera [...]
Paramount makes a $108 billion hostile takeover bid for Warner Bros. Discovery
Paramount has been none too pleased about Netflix striking an $82.7 billion deal to buy much of Warner Bros. Discovery (WBD). Now, Paramount is making a hostile takeover bid for WBD. It's making [...]