European

European Union to scrutinize Microsoft and Google AI deals for antitrust concerns, announces Vestager

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European Union to scrutinize Microsoft and Google AI deals for antitrust concerns, announces Vestager

Margrethe Vestager, a prominent European Union official, has raised concerns about the rapid development of artificial intelligence (AI). She emphasized the need for immediate action, stating that strong enforcement of competition is crucial during times of significant technological advancements. Vestager highlighted ongoing antitrust investigations into AI-related markets, indicating a proactive approach to address potential issues. … Read more

Hewlett Packard Enterprise Seeks Approval from European Commission for $14 Billion Juniper Acquisition (NYSE: HPE)

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Hewlett Packard Enterprise Seeks Approval from European Commission for Billion Juniper Acquisition (NYSE: HPE)

Hewlett Packard Enterprise has filed a $14 billion acquisition of Juniper Networks with the European Commission, who has until August 1 to decide whether to approve the agreement. The UK Competition and Markets Authority has also launched an investigation into the deal, with a decision expected by August 14. Juniper shareholders have already approved the … Read more

European Stock Market Slumps as Nvidia Market Value Drops by $550 Billion, FTSE 100 Updates live on Market Conditions

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European Stock Market Slumps as Nvidia Market Value Drops by 0 Billion, FTSE 100 Updates live on Market Conditions

Global stock markets were in the red on Tuesday as Nvidia’s sharp slump continued, causing the FTSE 100 and European stocks to dip. The chipmaker has lost over $550bn off its valuation since being named the world’s most valuable company last week. This rotation away from technology stocks also impacted the S&P 500, which was … Read more

Tech sector hit as Nvidia slump causes European stocks to fall – Reuters.com

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European stocks faced a decline as the technology sector was negatively impacted by the drop in Nvidia’s stock. The chipmaker’s shares fell, causing concerns among investors and leading to a broader sell-off in the market. This drop in Nvidia’s stock price had a ripple effect on other technology companies, contributing to the overall decline in … Read more

European cloud consortium urges regulatory scrutiny of Broadcom’s VMware restructuring – The Wall Street Journal

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reported that the European Cloud Group is advocating for regulatory oversight of Broadcom’s proposed overhaul of VMware. The group is concerned that the changes could have negative implications for competition in the cloud computing market. The European Cloud Group believes that regulatory intervention is necessary to ensure a level playing field for all companies involved. … Read more

European Union refuses to approve Microsoft’s partnership with French AI startup

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European Union refuses to approve Microsoft’s partnership with French AI startup

European regulators are facing criticism over their handling of the AI Law, with Kai Zenner from MEP Axel Voss’s office suggesting they have been influenced. Despite this, lawmakers Brando Benifei and Dragoș Tudorache have refrained from immediate criticism, calling for more transparency and refraining from jumping to conclusions. Tudorache even praised Mistral’s work for gaining … Read more

DeepL, a European competitor to Google Translate, leverages AI excitement to achieve a $2 billion valuation

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DeepL, a European competitor to Google Translate, leverages AI excitement to achieve a billion valuation

DeepL, an AI-powered translation platform, has recently secured $300 million in new funding, bringing its valuation to $2 billion. The funding round was led by Index Ventures, with participation from ICONIQ Growth, Teachers’ Venture Growth, IVP, Atomico, and WiL. This investment marks a significant increase from the previous round in January 2023, where DeepL was … Read more

European regulators are investigating Microsoft’s latest AI recall feature

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European regulators are investigating Microsoft’s latest AI recall feature

Microsoft has introduced new artificial intelligence tools that allow for more personalized and efficient user experiences. This technology is being closely monitored by regulators due to concerns about consumer privacy. The conglomerate recently showcased a new line of laptops equipped with AI hardware and support for AI applications at Microsoft Build, its annual developer conference. … Read more

Nvidia becomes the focus as European futures decline: Markets Wrap

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Nvidia becomes the focus as European futures decline: Markets Wrap

European stock futures and Asian stocks declined as investors turned their focus to Nvidia Corp.’s upcoming earnings report. US futures were mixed while U.S. 10-year Treasury bond futures stabilized. The Bloomberg Commodity Spot Index hit its highest level since January 2023 on Monday, with gold and copper trading near all-time highs and wheat prices rising. … Read more

AWS to invest €7.8 billion in expanding European operations with new sovereign data center

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Amazon Web Services is making a substantial investment of €7.8 billion in Europe to create a new European cloud region focused on data sovereignty. This investment is aimed at meeting the region’s strict data regulations, boosting local economies, and creating job opportunities. The new European Sovereign Cloud will be a separate cloud environment from the … Read more