The world of artificial intelligence (AI) is abuzz with news and developments that are shaping the future of technology, business, and society. Amidst the excitement, concerns are being raised about the potential risks and challenges associated with AI, including its impact on jobs, security, and governance. In this news brief, we'll take a closer look at the latest developments in AI, including the Paris AI summit, the US and UK's refusal to sign a joint communique, and the EU's efforts to strengthen its AI capabilities.
AI Stocks Remain Buys Despite DeepSeek News
The recent announcement by Chinese start-up DeepSeek has sent shockwaves through the AI market, with investors worried that it would prompt tech giants to rein in spending. However, a closer look at the situation suggests that tech companies are unlikely to change their spending strategy overnight. In fact, Amazon and Meta Platforms are still excellent long-term buys, with Amazon benefiting from AI across its e-commerce and cloud computing businesses, and Meta working towards several big AI goals.
US and UK Refuse to Sign Paris AI Summit Declaration
The US and UK have refused to sign a declaration on "inclusive and sustainable" AI at the Paris summit, citing concerns about security and the need for a stronger approach. The declaration was backed by 60 other signatories, including France, India, and Japan. The US Vice-President JD Vance warned that excessive regulation would kill the rapidly growing AI industry, while the UK Prime Minister's spokesperson said the government would only sign up to initiatives that are in UK national interests.
EU Seeks Private Investment for AI Gigafactories
The European Union is seeking private investment to build large-scale computing facilities, known as AI Gigafactories, to support the development of advanced AI models. The EU has pledged €50 billion in funding, adding to a €150 billion commitment from private sector companies under the EU AI Champions initiative.
Apple Partners with Alibaba to Develop AI Features for iPhone in China
Apple is partnering with Alibaba to roll out artificial intelligence features for iPhone users in China. This development could clear months of uncertainty over Apple's AI strategy for China, where it has been losing market share to domestic rivals.
Key Takeaways
- AI stocks remain buys despite DeepSeek news, with Amazon and Meta Platforms being excellent long-term buys.
- The US and UK have refused to sign a declaration on "inclusive and sustainable" AI at the Paris summit, citing concerns about security and the need for a stronger approach.
- The EU is seeking private investment to build large-scale computing facilities, known as AI Gigafactories, to support the development of advanced AI models.
- Apple is partnering with Alibaba to roll out artificial intelligence features for iPhone users in China.
- OpenAI is not for sale, according to CEO Sam Altman, who rejected Elon Musk's offer to acquire the company.
Sources
- 2 Artificial Intelligence Stocks That Remain Excellent Long-Term Buys After the DeepSeek News
- US and UK not among signatories of Paris AI summit declaration
- The Debate - Too fast to process? The global challenges of artificial intelligence
- AI Action Summit: Vance rails against ‘excessive regulation’ of Artificial Intelligence
- The Top Free AI Training Courses You Can Start in February 2025
- EU seeks private investment for AI gigafactories
- JD Vance vows US will dominate AI in warning to Europe and China
- Vance tells world leaders AI must be 'free from ideological bias,' American tech won't be censorship tool
- Apple partners with Alibaba to develop AI features for iPhone in China, The Information reports
- Exclusive: OpenAI is not for sale, Sam Altman says