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Sopra Steria Sales Rebound Driven by Defence and Consulting Demand, Shares Surge
Paris — Sopra Steria reported a return to growth in the first quarter, with revenue rising 3.2% organically to €1.5 billion, marking its second consecutive quarter of expansion and sending its shares up more than 11%. The performance signals a turnaround for the French IT services group as it strengthens its position in defence, public…
Goldman Sachs Restricts Access to Claude for Hong Kong Staff Amid Rising AI Security Scrutiny
Hong Kong — Goldman Sachs has removed access to Claude, the artificial intelligence system developed by Anthropic, for its bankers in Hong Kong, according to a source familiar with the matter. The move reflects growing caution among financial institutions over data security, regulatory compliance, and geopolitical risks associated with the use of advanced AI tools….
U.S. Orders Chip Equipment Firms to Halt Select Shipments to Hua Hong
Washington, D.C. — The U.S. Department of Commerce has directed several U.S. semiconductor equipment suppliers to halt certain shipments to Hua Hong, China’s second-largest chipmaker, in a move aimed at slowing Beijing’s progress in advanced semiconductor manufacturing, according to sources familiar with the matter. The department reportedly issued “is-informed” letters to multiple companies, imposing new…
Amazon Unveils AI-Driven Hiring Platform and ‘Humorphism’ Strategy to Scale Recruitment
Seattle — Amazon has introduced a new suite of agentic AI tools aimed at transforming large-scale hiring, alongside a broader design philosophy focused on making artificial intelligence more human-centric. At a company event featuring executives from Amazon Web Services and industry partners including OpenAI, Amazon revealed Connect Talent, an AI-powered recruitment solution designed to streamline…
EU Fails to Reach Agreement on Revised AI Rules, Talks to Resume
Brussels — Negotiations between European Union member states and European Parliament lawmakers on proposed revisions to the bloc’s artificial intelligence framework have ended without agreement, following more than 12 hours of discussions. Talks are expected to resume next month. The proposed changes are part of the European Commission’s Digital Omnibus initiative, which aims to simplify…
King Charles III Meets U.S. Tech Leaders to Boost UK Startup Ecosystem and Investment Appeal
London — King Charles III met with leading U.S. technology executives as part of his four-day state visit, highlighting the United Kingdom’s ambition to position itself as a premier destination for innovation and high-growth technology companies. The roundtable brought together influential figures including Jeff Bezos of Amazon, Tim Cook of Apple, Jensen Huang of Nvidia,…
Huawei AI Chips See Surge in Demand After DeepSeek V4 Launch, as Chinese Tech Giants Rush to Secure Supply
Beijing — Major Chinese technology firms are scrambling to secure advanced AI chips from Huawei following the launch of DeepSeek’s V4 model, which has been optimized to run on Huawei’s Ascend hardware, according to sources familiar with the matter. Companies including ByteDance, Tencent, and Alibaba are reportedly in discussions with Huawei to secure orders for…
White House Weighs Guidance to Bypass Anthropic Risk Flag for New AI Models
Washington, D.C. — The White House is reportedly drafting guidance that could allow federal agencies to bypass a supply-chain risk designation tied to Anthropic, potentially clearing a path to adopt new artificial intelligence systems, including the company’s latest model, Mythos. According to reporting by Axios, the draft executive action is under consideration as part of…
Cadence, Nvidia working together on developing AI for robotics
Cadence Design Systems and Nvidia have announced a strategic collaboration to accelerate the development of artificial intelligence systems for robotics, as revealed by their respective CEOs at an industry conference in Santa Clara, California. The partnership focuses on integrating Cadence’s advanced physics simulation engines with Nvidia’s AI models. These physics engines are designed to replicate…
UK PM Starmer Urges Social Media Firms to Strengthen Child Safety Measures
Keir Starmer has issued a stark warning to major social media companies, calling on them to take greater responsibility for protecting children online and deliver “credible” safeguards rather than incremental changes. Speaking at a meeting with executives from leading platforms—including Meta, Snap, Google, TikTok, and X—Starmer said current measures fall short of what parents expect….
TPG Invests $100 Million in Student Mobility Firm Zum, Valuing It at $1.7 Billion
TPG has committed $100 million to Zum, in a deal that values the U.S.-based mobility platform at approximately $1.7 billion. The investment marks a significant step up from Zum’s $1.3 billion valuation during its 2024 Series E round, reflecting the company’s recent progress toward profitability. The funding is being made through TPG’s impact-focused Rise Fund,…
AmEx to Acquire Altman-Backed Hyper in AI Expense Management Push
American Express has announced plans to acquire Hyper, an artificial intelligence-driven expense management platform backed by Sam Altman. The move highlights the accelerating adoption of AI across core financial software, particularly in areas ripe for automation such as corporate expense management. Financial terms of the deal were not disclosed. The transaction is expected to close…