The Israeli government has agreed to provide a substantial $3.2 billion subsidy to Intel Corp for the construction of a new $25 billion chip manufacturing facility in southern Israel, marking a significant boost to the country’s technological infrastructure. This move, reported by Reuters, is part of Intel’s broader strategy to enhance a more resilient global

The European Union has released an update that states that it will be granting AI startups access to processing power for model training on the bloc’s supercomputers, and France’s Mistral AI is already engaged in a pilot phase. However, an early conclusion is that the program must incorporate dedicated support for AI startups, in order

The report emphasizes the need for Romania to spend more efficiently. It suggests implementing spending reviews, like those conducted in OECD countries, particularly focusing on healthcare and education sectors for 2023. However, the report cautions against drastic public spending cuts in a country where such expenditures are already the lowest in the Union, which could

Figma and Adobe had announced plans for an acquisition 15 months ago. This move was seen as a significant consolidation in the digital design industry, aiming to combine the strengths of both companies to better serve their respective communities. However, the journey towards this ambitious merger has come to an unexpected halt. After an extensive and challenging

Intel CEO Pat Gelsinger expressed confidence in Intel’s future during a Yahoo Finance interview, positioning the company for what he describes as one of the greatest turnaround stories. Gelsinger highlighted the company’s focus on ramping up its AI chipmaking, specifically mentioning the introduction of their latest product, the Gaudi3.  This development aligns with the increasing

After years of extensive discussions among member states and members of the European Parliament, a landmark agreement has been reached on regulating Artificial Intelligence (AI) within the European Union. This agreement, hailed as a pioneering step in the digital world, aims to place human interest at the heart of AI legislation. While the full details

The report identifies renewable energy, transportation, and finance as key sectors for encouraging private sector-led accelerated growth. Romania can build upon the success of its burgeoning IT sector and further support the services sector by improving digital skills. The private sector can capitalize on recent global trends of relocalizing in the evolution of ecological value