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Trump calls New York’s data centre pause a ‘terrible decision’. Hochul is not moving.

Kathy Hochul signed the executive order on Tuesday. Donald Trump was demanding she undo it by Wednesday. The order pauses construction of new data centres drawing 50 megawatts or more for up to a year, making New York the first US state to pull the brake on the buildings powering the AI boom. State officials are to […]This story continues at The Next Web

Microsoft is coaching its salespeople to talk down the models it still runs on

Microsoft executives spent an internal meeting on Tuesday teaching the sales force how to run down OpenAI, Google, and Anthropic, which would be unremarkable except that two of those companies supply the models inside Microsoft’s own products. The session was billed as a strategy kickoff for the fiscal year that began this month, and it leaned […]This story continues at The Next Web

Applied Computing raises $20m to build a foundation model for the refinery

A single refinery can carry thousands of sensors measuring temperature, pressure, velocity, and viscosity. According to Applied Computing, operators make decisions using less than 8% of what those sensors tell them. The London startup has raised a $20m Series A to close that gap, led by engineering giant KBR with Databricks Ventures participating. Founded in 2023, it […]This story continues at The Next Web

WHO warns Europe’s AI health governance gap is becoming irreversible

Hans Kluge opened his speech in Lisbon with a number, which is not how the World Health Organization usually does this. “Let me start with a number: 8%,” the WHO Regional Director for Europe told delegates on 15 July. “That’s the share of countries in the WHO European Region that have a health-specific AI strategy. Just 8%.” […]This story continues at The Next Web

xAI’s first lawsuit against a user tests who is responsible for what Grok makes

The company says the defendant engineered prompts to defeat Grok’s safeguards. Courts on three continents are being asked whether the safeguards were ever the point. AI has sued one of its own users, alleging he used Grok to generate child sexual abuse material in breach of the company’s terms of service. It is understood to […]This story continues at The Next Web

Uber agrees $14.8bn Delivery Hero takeover, 26% above its May bid

The May bid was €33 and landed below the close. Eight weeks later it is €41.50, with 14 markets carved out to a New York firm before anyone asks about competition. Uber has agreed to buy Delivery Hero for €41.50 a share in cash, a 26% improvement on the offer it put on the table […]This story continues at The Next Web

Wall Street just had its best investment banking quarter in years, and it is calling AI a super cycle

Goldman Sachs booked $3.4bn in investment banking fees in the second quarter, a record, up 55% on a year earlier. Its chief executive has a name for what is driving it. “We are in the middle of an AI CapEx super cycle where there are demands on financing into every single financing instrument, in every […]This story continues at The Next Web

Europe’s best earnings quarter in three years is an energy story, not an AI one

European companies are heading into their strongest quarterly earnings season in more than three years, and almost none of it is about AI. STOXX 600 constituents are forecast to grow second-quarter profits by 15.3% year on year, according to LSEG I/B/E/S data compiled by analyst Tajinder Dhillon and published on 9 July. That works out at €156.8bn […]This story continues at The Next Web

Ofcom opens a child safety investigation into TikTok

Ofcom has opened a formal investigation into whether TikTok is failing to protect children from harmful content, escalating a dispute that has been running in public since May. The probe, announced on Thursday, examines two things under the Online Safety Act: whether TikTok has adequate measures to work out that a given user is a […]This story continues at The Next Web

Nvidia signs up Japan’s robotics establishment for its open world models

Nvidia has recruited most of Japan’s industrial robotics establishment into the Cosmos Coalition, the open world-model programme it uses to seed its physical AI stack, in announcements timed to Jensen Huang’s week in Tokyo. Twenty-two companies are named: AIRoA, classmethod, Enactic, FANUC, Fujitsu, GROOVE X, Hitachi, Honda R&D, Kawasaki Heavy Industries, Kubota, Mitsui & Co., […]This story continues at The Next Web

Elon Musk’s xAI sues user over allegedly creating child sexual abuse materials with Grok

Elon Musk’s xAI sued a user on Tuesday, alleging he used the Grok chatbot to create child sexual abuse materials. It’s one of the first lawsuits filed by a tech company against users who allegedly create explicit content with AI.

Elon Musk Quietly Bought a Medium Sized Fossil Fuel Energy Company Back in May

As I pointed out earlier this year when he obtained a permit for dozens of gas turbines to operate the data centers that power such AI innovations as Grok, Elon Musk said a bunch of things about how ...

Elon Musk Could Get Charged With Breaking Election Law

The billionaire could face criminal charges for possibly violating Wisconsin law when he offered voters $1 million last year, ...

Elon Musk bought a gas turbine company

It's likely to become a direct power source for SpaceXAI's data centers.

Elon Musk Could Soon Be in Big Trouble Over His Phony Election Lottery

Elon Musk may have broken the law when he got involved in the 2025 Wisconsin Supreme Court election. The Wisconsin Elections ...

Elon Musk puts $5 million behind Vivek Ramaswamy's run for governor after their abrupt DOGE split

Elon Musk backs Vivek Ramaswamy for Ohio governor, donating $5 million to a super PAC, after their abrupt DOGE split last ...

Elon Musk Discreetly Bought a $1 Billion Gas Turbine Company to Power AI. Here's What it Means for SpaceX Investors.

Elon Musk’s name is practically synonymous with renewable energy. The tech titan and CEO of both Tesla (TSLA 0.48%) and Space ...

Lululemon backs nylon-recycling startup Syntetica in $30M Series A

Syntetica, a French startup that has developed a novel approach to recycling nylon, has already obtained big-name partners and investors.

Applied Computing wants to give oil and gas operators an AI model for the entire plant

Applied Computing has raised a $20M Series A to build a foundation AI model for the oil, gas and petrochemical industry.

Why Greylock capped its new fund at $1.5B when it says it could have raised more

By keeping the number of investments to about 25 per fund, Greylock aims to remain what it calls "the most important partner" to its founders.