February 11, 2025

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Europe Leads AI Investment with €200 Billion Plan to Boost Competitiveness

EU Invests €200 Billion in AI to Boost Competitiveness

The European Commission has announced a plan to mobilize €200 billion for the InvestAI initiative, aiming to make Europe a leader in artificial intelligence. The strategy includes financing four future AI gigafactories in the European Union, which will specialize in training the largest and most complex models. These facilities will have around 100,000 state-of-the-art chips, approximately four times more than the centers currently under construction.

The False AI Energy Crisis

Contrary to the warnings of an energy apocalypse, experts argue that the U.S. is not actually in an energy crunch. The rapid expansion of data centers will drive up U.S. energy consumption, but the nation's electricity demands are not expected to push past a precipice. Clean energy will meet much of the short-term demand, and the U.S. produced more energy than it consumed from 2019 to 2023.

Apple Partners with Alibaba for Chinese AI Rollout

Apple has reportedly found a partner to help it bring its artificial intelligence features to devices in China. The iPhone maker is working with Chinese tech giant Alibaba to develop and launch its AI offering in the crucial market. Apple introduced its AI features last year after unveiling the iPhone 16, but the Chinese government required the company to work with a local partner in building all AI models for devices sold in that country.

Thousands Call on Christie’s to Nix AI Art Auction

Thousands of artists have signed an open letter calling on Christie’s to scrap an upcoming auction of art created using AI. The auction, titled “,” will feature more than 20 works spanning various mediums by artists including Pindar Van Arman, Reid Southen, and anonymous AI collaborative artist Claire Silver. Price estimates for works range between $10,000 and $250,000.

AI Chip Startup Positron Raises $23.5 Million Seed Round

Positron, a startup chip maker that aims to compete with Nvidia, said Tuesday it raised $23.5 million to scale production of its U.S.-made artificial intelligence chips. The company's chips use less than a third of the power of Nvidia’s top-of-the-line H100 graphical processing units, while maintaining the same performance.

Brookfield Asset Management Announces €20 Billion AI Infrastructure Investment in France

Brookfield Asset Management Ltd. (BAM) has announced a €20 billion investment plan to expand AI infrastructure in France. The initiative includes up to €15 billion for data centers, led by Brookfield’s portfolio company Data4, which aims to build over 500 MW of capacity and triple that by 2030.

Iliad Group Commits $3 Billion to AI Investment

France-based Iliad Group has earmarked €3 billion ($3.09 billion) to enhance AI-focused infrastructure, including data centers, computing power, research and application layers. The group noted that OpCore, the Iliad Group subsidiary that operates 13 data centers, is set to invest €2.5 billion to strengthen its role as a European leader in hyperscale data centers.

Shiba Inu Holders Flocking to AI Crypto After SHIB’s Price Slips 22%

Shiba Inu investors are exploring fresh horizons as SHIB faces a 22% price dip this month, trading at $0.000016. While the token’s loyal community keeps its $9.27 billion market cap stable, many holders are now eyeing AI-driven projects to diversify their portfolios.

AI's Impact on Cryptocurrency Markets Discussed at Paris AI Summit

According to Fei-Fei Li, speaking at the Paris AI Summit, AI's evolution from Turing's 'thinking machines' concept offers new trading opportunities in cryptocurrency markets. The integration of AI in trading algorithms can enhance decision-making processes and risk management, which might lead to more efficient market operations.

Key Takeaways

  • The European Commission has announced a plan to mobilize €200 billion for the InvestAI initiative to make Europe a leader in artificial intelligence.
  • Experts argue that the U.S. is not actually in an energy crunch, and clean energy will meet much of the short-term demand.
  • Apple has partnered with Alibaba to develop and launch its AI offering in China.
  • Thousands of artists have signed an open letter calling on Christie’s to scrap an upcoming auction of art created using AI.
  • Positron, a startup chip maker, has raised $23.5 million to scale production of its U.S.-made artificial intelligence chips.
  • Brookfield Asset Management has announced a €20 billion investment plan to expand AI infrastructure in France.
  • Iliad Group has committed €3 billion to enhance AI-focused infrastructure, including data centers, computing power, research and application layers.
  • Shiba Inu holders are exploring fresh horizons as SHIB faces a 22% price dip this month, trading at $0.000016.
  • AI's impact on cryptocurrency markets was discussed at the Paris AI Summit, highlighting the potential for AI-driven trading strategies and the importance of staying informed about AI news and its impact on the crypto market.

Sources

AI Artificial Intelligence European Union InvestAI Data Centers AI Chips