The European Commission is moving forward with the AI Act, despite concerns from tech companies like Google and Meta about potential impacts on investment and development. The AI Act, which came into force on August 1, 2024, will be implemented as scheduled, with obligations for general-purpose AI models starting in August 2025 and high-risk models in August 2026. The EU aims to address company concerns through a Digital Simplification Omnibus package and an AI Act Serve Desk. Meanwhile, Huawei has introduced AsyncFlow, an AI training system that reportedly boosts speed by up to 2.03 times, and plans to open-source its Cangjie programming language. In practical applications, AI is transforming stock trading by aiding in research, trade execution, and risk management, though experts like InvestorAI's CEO Bruce Keith advise caution and human oversight, particularly in markets like India. AI is also finding its way into agriculture, with companies like Aigen using solar-powered AI robots to remove weeds, supported by Amazon Web Services (AWS). On the consumer front, one user found themselves missing AI features like predictive text and photo editing assistance after disabling them on their Samsung Galaxy phone, prompting a reactivation of Gemini and other AI tools. In education, young innovators are leveraging AI to solve real-world problems, as highlighted by the National 4-H Artificial Intelligence Challenge. However, AI's increasing role also presents challenges, including legal issues where AI is making up cases, raising concerns about accountability.
Key Takeaways
- The European Commission will not delay the AI Act implementation, despite concerns from tech companies like Google and Meta.
- The AI Act came into force on August 1, 2024, with obligations for general-purpose AI models starting in August 2025 and high-risk models in August 2026.
- Huawei's AsyncFlow AI training system reportedly improves speed by up to 2.03 times and the company plans to open-source its Cangjie programming language.
- AI is transforming stock trading, assisting with research, trade execution, and risk management.
- InvestorAI's CEO advises caution and human oversight when using AI in investing, especially in markets like India.
- Aigen is using solar-powered, AI robots to remove weeds from farms, with support from Amazon Web Services (AWS).
- A user missed AI features like predictive text and photo editing assistance after disabling them on a Samsung Galaxy phone, reactivating Gemini and other AI tools.
- The National 4-H Artificial Intelligence Challenge highlighted youth innovators using AI to solve real-world problems.
- AI is making up cases, raising concerns about accountability.
- A provision for a 10-year pause on state AI regulation was removed from the One Big Beautiful Bill.
European Commission won't delay AI Act implementation despite tech company concerns
The European Commission announced it will not delay the AI Act's implementation, despite requests from tech companies. Commission spokesperson Regnier stated there will be no delays or grace periods. The AI Act will be implemented according to schedule, with obligations for general-purpose AI models starting in August 2025 and high-risk models in August 2026. The commission will address company concerns by preparing a Digital Simplification Omnibus package and an AI Act Serve Desk. The AI Act came into force on August 1, 2024, setting new global standards for AI.
EU stands firm on AI rules despite US tech pushback
The European Union will continue implementing its AI Act despite concerns from tech companies like Google, Meta, and ASML. These companies worry that the complex rules could hurt investment and slow down AI development in Europe. The AI Act bans things like manipulating behavior and social scoring. It also sets rules for high-risk AI uses like facial recognition. EU spokesperson Thomas Regnier said there would be no delays and the rules will be fully in place by mid-2026.
Can AI manage your money? Expert weighs in
Bruce Keith, CEO of InvestorAI, discussed how AI is changing mutual fund investing, especially in the U.S. He advises being careful when using AI in India. He says it's important to have transparency, human oversight, and diversification. AI is good at finding patterns in data and understanding behavior. However, AI can be biased and lacks responsibility without proper rules.
I turned off Galaxy AI tools and missed them by lunch
A user turned off all AI features on their Samsung Galaxy phone for three days to see what it was like. They missed features like predictive text, autocorrect, and the ability to summarize articles. Photo editing was harder without AI assistance. Voice commands also stopped working, requiring manual app navigation. While the phone felt more peaceful and battery life improved, the user reactivated Gemini, Writing Assist, and Photo Assist by lunchtime on day three.
Huawei's AsyncFlow boosts AI training speed and efficiency
Huawei introduced AsyncFlow, a new AI training system for large language models. AsyncFlow improves speed by up to 2.03 times compared to older methods. The system uses TransferQueue for load balancing and streaming data. Huawei says AsyncFlow maintains training stability and saves resources. Huawei also plans to open-source its Cangjie programming language to reduce reliance on foreign technology.
AI regulation in big bill loses but industry support remains
A provision for a 10-year pause on state AI regulation was removed from the One Big Beautiful Bill. Despite this, the bill still has plenty of support for the AI industry.
AI transforms stock trading with benefits, uses, and risks
AI is changing stock trading by helping investors research, trade, and manage risk. AI algorithms find market patterns and trends in large amounts of data. AI executes trades at the best times and prices using complex algorithms. AI models also predict market movements to manage risk. However, there are risks like relying too much on AI and the chance of unexpected errors.
Is AI really intelligent? An editor's experiment
An editor is experimenting with ChatGPT to see if it can replace human work.
AI robots replace weed killers and farm workers
Aigen is a startup using solar-powered, AI robots called Element to remove weeds from farms. These robots can save farmers money and reduce the use of chemicals. The robots use cameras and AI to identify and remove weeds without damaging crops. Aigen's robots are being tested in tomato, cotton, and sugar beet fields. Amazon Web Services (AWS) supports Aigen with AI tools and resources.
Youth innovators win national AI challenge with real-world solutions
The National 4-H Artificial Intelligence Challenge announced its 2025 winners. These young innovators used AI to solve real-world problems. Winston Fan created an AI system for mental health assessment. Henry Zou developed an AI system to detect corn disease. Morgan Bergstrom designed an AI chatbot to help communities create fish-friendly waterways.
AI legal catastrophe inches closer to reality
AI is making up cases, and the court is allowing it.
Sources
- European Commission Says It Won’t Delay Implementation of AI Act
- EU Tells U.S. Tech it Won’t ‘Stop the Clock’ on AI Crackdown
- Can you trust AI to manage your mutual funds?: Bruce Keith on human vs AI debate
- I turned off every AI tool on my Galaxy and regretted it by lunchtime
- Huawei Unveils AsyncFlow to Turbocharge AI Model Training Efficiency
- How A.I. Lost (and Won) the Big Beautiful Debate
- How AI Is Changing Stock Trading: Benefits, Uses, and Risks
- When ‘artificial’ and ‘intelligence’ just don’t jibe
- AI robots fill in for weed killers and farm hands
- Top Youth Innovators Recognized in National 4-H Artificial Intelligence Challenge
- The Artificial Intelligence Legal Catastrophe Inches Closer To Reality - See Generally