China orders Meta to unwind $2 billion buy of AI startup Manus
China's economic planner has blocked Meta's $2 billion acquisition of AI startup Manus, citing foreign investment restrictions.
Read on Economic Times Tech →German startup Polarise is building a 30MW AI data center to increase domestic computing power and European tech sovereignty.
Why it matters
This development is significant as it addresses the growing demand for AI computing power while simultaneously aiming to reduce reliance on non-European providers. By increasing domestic capacity, Germany and Europe can foster greater innovation, enhance data security, and potentially influence the direction of AI development and regulation within the region, contributing to greater technological sovereignty.
A German company is building a big computer center specifically for AI. This will give Germany more control over its own AI technology and reduce dependence on other countries.
China's economic planner has blocked Meta's $2 billion acquisition of AI startup Manus, citing foreign investment restrictions.
Read on Economic Times Tech →Digital platforms and brands are increasingly building their own AI-led digital storefronts, as highlighted by Lalit Keshre's recent ET Awards win.
Read on Economic Times Tech →RateGain Travel Technologies, an Indian company, won the Emerging Company of the Year award, driven by its AI-powered growth in the travel tech sector.
Read on Economic Times Tech →