Silicon Valley-based artificial intelligence chip startup d-Matrix has raised $110 million from investors that include Microsoft Corp at a time when many chip companies are struggling to raise cash. Nvidia’s dominant position in the AI chip market due to a powerful combination of hardware and software has scared off potential investors in some startups, according to sources […]
Decarbonisation efforts in the aviation sector will cost more money, but that cost should not fall to the consumer, easyJet Chief Executive Johan Lundgren said on Wednesday. He added that options to decarbonise, like creating sustainable aviation fuels, are not yet at scale and cost three to five times more than typical jet fuel. “Our […]
While Western carmakers look warily upon the European expansion plans of Chinese electric vehicle makers, major German auto suppliers are eager to expand on existing partnerships in China and provide those rising manufacturers with European-made parts. “Chinese manufacturers will adapt vehicles to the European market step by step through user experience and customer orientation,” Bosch […]
1 Introduction In April 2023, the European Commission published long-awaited proposals on reform of European Union fiscal governance – the system for monitoring the budgetary frameworks in EU member countries. The proposed reform is informed by two high-level principles: fiscal sustainability and national ownership. Unsustainable fiscal policies in EU countries pose risks for the smooth […]
In vibrant cities with promises of economic prosperity, it’s easy to assume progress has touched everyone equally. However, a closer look reveals that urban landscapes are not always inclusive, especially for women, who face numerous challenges in property ownership , stemming from persisting social, cultural, and legal factors. In this context, a recent EFI Note, supported by […]
Over the last three years, the Covid-19 pandemic has influenced the political debate and elections across the globe. This column seeks to broaden the debate by shifting the focus from the impact of health crises on incumbent governments to their effects on the broader political landscape. In the context of Weimar Germany, constituencies that experienced […]
Can ChatGPT really outperform humans in complex, creative, tacit-knowledge writing tasks? This column asks the app to compose a policy brief for the Board of the Bank of Italy. ChatGPT can accelerate workflows by providing well-structured content suggestions, and by producing extensive, linguistically correct text in a matter of seconds. It does, however, require a […]
Huawei Technologies’ breakthrough in making an advanced chip underscores China’s determination and capacity for fighting back against U.S. sanctions, but the efforts are likely very costly and could prompt Washington to tighten curbs, analysts said. Huawei unexpectedly unveiled the latest Mate 60 Pro smartphone last week during U.S. Commerce Secretary Gina Raimondo’s visit in China, as […]
Shares in Dell Technologies Inc rose 22.2% and hit a record high on Friday after it raised full-year financial forecasts with boosts from artificial intelligence (AI) and stabilizing demand for computer hardware after a months-long slump. The stock last traded at $68.75 after hitting a peak of $70.28 while trading volume was 5.4 times its 10-day […]
Britain set out its objectives for its global artificial intelligence (AI) safety summit on Monday, focusing on understanding the risks posed by the frontier technology and how national and international frameworks could be supported. The summit, which will be held on Nov. 1-2, will bring together tech executives, academics and political leaders as nations and […]
