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• Meta to start using Europeans data for AI training May 27

  Meta plans to utilize public posts and comments from European users to train its generative AI models, starting May 27. This includes content from Facebook, Instagram, and Threads, excluding WhatsApp private messages. Users can opt out of this data-mining project, though Meta may still process information from publicly shared images or mentions.

  

• AMD says US rule on chips to China could cost it $800 million

  The new US export control measure applies to MI308 graphics processing units (GPUs) designed for high-performance applications like gaming and artificial intelligence, AMD said. The company added in the filing that it "expects to apply for (export) licenses but there is no assurance that licenses will be granted."

  

• Soaring demand for AI chips fuels power usage: Report

  Exploding demand for the highly advanced chips used in energy-hungry AI data centres around the world has raised fears about the technology's environmental impact.

  

• In shift, OpenAI announces open AI model

  Artificial intelligence powerhouse OpenAI, the creator of ChatGPT, on Monday announced it is building a more open generative AI model as it faces growing competition in the open-source space from Chinese rival DeepSeek and Meta. The announcement came as OpenAI has been riding on the success of its latest image-generation features in ChatGPT, the world-leading AI app and chatbot.

  

• OpenAI says it raised $40 billion at valuation of $300 billion

  SoftBank said in a release that it is on a mission to realize Artificial Super Intelligence (ASI) that surpasses human intelligence, and that OpenAI is the partner closest to achieving that goal.

  

• US cloud computing firm CoreWeave to raise $1.5 billion in IPO

  US cloud services provider CoreWeave said it priced its initial public offering at $40 per share, allowing it to raise $1.5 billion -- in an announcement a day before it starts trading in New York. For now, CoreWeave's share price would be notably lower than a planned range of $47 to $55 each.

  

• AI's impact on jobs, tech's touchy topic

  Predictions can vary wildly. Goldman Sachs estimates AI could eliminate 300 million jobs globally through automation.

  

• Trump's call for AI deregulation gets strong backing from big tech

  Since taking office in January, the Trump administration has shifted focus toward accelerating AI development at all costs, pushing aside concerns about the models suffering hallucinations, producing deepfakes, or destroying human jobs.

  

• AI startup perplexity confirms interest to buy TikTok

  President Donald Trump earlier this month said the United States was in talks with four groups interested in acquiring TikTok, with the Chinese-owned app facing an uncertain future in the country. A US law has ordered TikTok to divest from its Chinese owner ByteDance or be banned in the United States.

  

• Meta to launch generative AI assistant in the EU: Statement

  Meta AI was first unveiled for the US in September 2023, then rolled out across all the group's applications in April 2024. Although image generation is available in the US, in the EU the generative AI tool will craft text-only responses to users' questions. Meta AI can also draw on web search for its answers.

  

• Meta to launch generative AI assistant in the EU

  Meta AI was first unveiled for the US in September 2023, then rolled out across all the group's applications in April 2024.