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TechCrunch
30 minutes ago
- TechCrunch
EU says it will continue rolling out AI legislation on schedule
The European Union on Friday said it will stick to its timeline for implementing its landmark AI legislation, in response to a concerted effort by over a hundred tech companies to delay the bloc's AI rules, Reuters reported. Tech companies from across the world, including giants like Alphabet, Meta, Mistral AI and ASML have been urging the European Commission to delay rolling out the AI Act, saying it will hurt Europe's chances to compete in the fast-evolving AI arena. 'I've seen, indeed, a lot of reporting, a lot of letters and a lot of things being said on the AI Act. Let me be as clear as possible, there is no stop the clock. There is no grace period. There is no pause,' the report cited European Commission spokesperson Thomas Regnier as saying. A risk-based regulation for applications of artificial intelligence, the AI Act bans a handful of 'unacceptable risk' use cases outright, such as cognitive behavioral manipulation or social scoring. It also defines a set of 'high-risk' uses, such as biometrics and facial recognition, or AI used in domains like education and employment. App developers will need to register their systems and meet risk and quality management obligations to gain access to the EU market. Another category of AI apps, such as chatbots, are considered 'limited risk' and subject to lighter transparency obligations. The EU started rolling out the AI Act last year in a staggered fashion, with the full rules coming into force by mid-2026.
Yahoo
30 minutes ago
- Yahoo
Nvidia Blackwell Ultra Lands at CoreWeave in a Game-Changing Move
July 4 - CoreWeave (NASDAQ:CRWV) became the first cloud provider to install Nvidia's (NASDAQ:NVDA) new Blackwell Ultra AI chips. The systems, built by Dell (NYSE:DELL), feature liquid?cooled racks housing 72 Blackwell Ultra GPUs alongside 36 Nvidia Grace CPUs. All units are assembled and tested in the U.S., Dell said. Warning! GuruFocus has detected 4 Warning Signs with NVDA. CoreWeave shares surged 6% Thursday, while Dell climbed about 2% and Nvidia inched up about 1% in trading, reflecting investor enthusiasm for next?gen AI hardware. The Blackwell Ultra, Nvidia's latest graphics processor for AI, is expected to ship in volume later this year. CoreWeave's early deployment gives it an edge over larger cloud rivals by offering customers the fastest commercially available AI accelerators. As demand for AI compute grows, analysts say such partnerships may reshape cloud?computing dynamics. Investors will watch whether CoreWeave's move spurs additional orders or prompts competitors like Amazon, Google, and Microsoft to accelerate their own chip rollouts. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
30 minutes ago
- Yahoo
Nvidia Nears $4T Valuation, Overtakes Apple in Historic Market Cap Surge
July 4 - Shares of Nvidia (NASDAQ:NVDA) climbed about 2.4% Thursday to $160.98, lifting its market capitalization to roughly $3.92 trillion. That move briefly put Nvidia on track to surpass Apple (NASDAQ:AAPL), which closed at a record $3.915 trillion on Dec. 26, 2024. Microsoft (NASDAQ:MSFT) sits in second place with a market value near $3.65 trillion, while Apple holds about $3.17 trillion. Warning! GuruFocus has detected 4 Warning Signs with NVDA. Nvidia's jump reflects robust demand for its AI?focused chips, which power large language models and other compute?heavy applications. Remarkably, Nvidia now tops the combined value of all publicly listed companies in Canada and Mexico, as well as the total market cap of UK?traded firms, Reuters reported. Analysts warn that Nvidia's rally could face challenges if chip production scales up or geopolitical issues disrupt supply chains. Still, its pricing power and strong order backlog may help sustain investor interest. As Nvidia vies to become the most valuable company ever, market watchers will monitor whether it can maintain this momentum into the second half of 2025. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
