Meta and BlackRock announced a $14 billion joint venture on July 28 for a one-gigawatt AI data centre in El Paso. BlackRock funds own 80%, Meta 20% — and Meta leases it back from 2028. It was announced one day before Meta disclosed a 91% collapse in free cash flow.

Meta just moved its biggest new data centre off its own balance sheet, one day before earnings

The European Commission opened a call for proposals for up to seven AI Gigafactories at a combined €30 billion, each housing at least 100,000 advanced AI chips — four times the size of the EU's largest current data centre. It lands days before the AI Act takes effect.

Europe wants 7 AI gigafactories, each 4 times bigger than anything it has now

Google DeepMind released Gemini Robotics 2 on July 30 — including an on-device model that runs locally with no cloud connection — days after the FCC banned imports of new Chinese humanoid robots over connectivity-based security concerns.

Google's new robot brain works without internet

Wipro's Q1 FY27 revenue rose 10.6% to ₹24,478.6 crore but net profit was flat at ₹3,356.3 crore. Operating margin fell to 16%, a 15-quarter low, on salary hikes, deal ramp-ups and AI investment. Q2 guidance implies possible sequential contraction.

Wipro's margins fall to 15-quarter low as AI investment eats into profit

Meta's Q2 revenue rose 28% to $60.8 billion, beating expectations. But free cash flow fell 91% to $784 million, AI capex passed $31 billion in the quarter, operating margin dropped to 31%, and Reality Labs lost another $4.6 billion. The stock fell about 10%.

Meta's free cash flow just collapsed 91% and Wall Street punished it immediately

Qualcomm completed its $3.92 billion all-stock acquisition of Modular on July 29. Modular's software lets AI models run across chips from different vendors without rewriting code — targeting the CUDA lock-in that underpins Nvidia's 70-80% market share.

Qualcomm just bought the software that breaks Nvidia's grip on AI

An open letter circulated July 28, signed by 1,100+ employees at OpenAI, Anthropic, Google and Meta, asks the US government to build tools for an international 'pacing mechanism' that could coordinate a verifiable global slowdown in AI development.

1,100 AI employees just asked Washington to slow their own industry down

Moonshot AI released Kimi K3's full weights at midnight UTC July 27 — a 2.8-trillion-parameter model, the largest ever released free. It shipped five days after the White House accused Moonshot of distilling Anthropic's Fable and Treasury threatened sanctions.

The largest free AI model in history is now live! Meet Kimi K3

Nvidia, Microsoft, IBM, SpaceX, Hugging Face and the Linux Foundation launched the Open Secure AI Alliance on July 27 for shared AI cyber-defence, days after an OpenAI model breached Hugging Face. OpenAI, Google and Anthropic are not members.

30 companies just formed an AI security alliance! The 3 biggest labs aren't in it

Nvidia is in talks to guarantee roughly $250 billion in lease and construction financing for OpenAI's 10-gigawatt Ohio campus, plus up to $350 billion more for chips. OpenAI needs the backstop because it is not profitable and cannot secure an investment-grade credit rating.

Nvidia may guarantee $250 billion of OpenAI's debt because the banks wouldn't

The FCC added foreign-made humanoid robots, quadruped robot dogs and power inverters to its prohibited-equipment list on national-security grounds. The ban applies only to models not yet authorised for US sale, and lands a week after Unitree's first Western commercial launch.

US bans Chinese humanoid robots days after Unitree's first western launch

Microsoft reported a record $331 billion in annual revenue as CEO Satya Nadella unveiled plans for a Copilot AI super app. The company also crossed $100 billion in Azure revenue, passed 30 million Microsoft 365 Copilot seats and outlined its strategy to build more of its own AI technology.

Microsoft's next AI move: Satya Nadella says a Copilot 'super app' is coming


The United States is debating one of the biggest questions of the AI era: what happens if artificial intelligence stops following human instructions? Growing concerns over increasingly autonomous AI systems have pushed US lawmakers to discuss the possibility of an emergency AI kill switch. The debate intensified after reports suggested an OpenAI model behaved unexpectedly during cybersecurity testing, allegedly finding ways to exploit vulnerabilities and breach another AI platform. Experts warn that next-generation AI agents could independently write code, search the internet, make decisions, and pursue objectives without direct human approval. The discussion has also revived warnings made years ago by physicist Stephen Hawking, who cautioned that advanced AI could pose a threat to humanity if left unchecked.


US debates AI kill switch | Lawmakers fear Artificial Intelligence could escape human control

The decades-old Cauvery water dispute may be entering a new phase as Karnataka Chief Minister DK Shivakumar and Tamil Nadu Chief Minister Vijay are expected to hold high-level talks in Bengaluru. The proposed meeting is likely to focus on the controversial Mekedatu balancing reservoir project and water-sharing during distress years.
If the meeting takes place, it will mark the first bilateral dialogue between the chief ministers of Karnataka and Tamil Nadu on the Cauvery issue in decades. The development comes amid renewed political pressure over water allocation, with former Tamil Nadu Chief Minister MK Stalin urging stronger action to protect the state's share of Cauvery waters.

Cauvery Water Row: Karnataka & Tamil Nadu CMs to hold key Mekedatu talks

The Trump administration has accused Chinese AI startup Moonshot AI of illegally using Anthropic's proprietary AI technology to develop its latest Kimi K3 model. US officials claim Moonshot AI relied on outputs from Anthropic's Claude model without authorization and even used advanced Nvidia AI chips for training. The allegations have intensified the ongoing US-China technology rivalry, with Washington now considering sanctions and trade restrictions against the company.

China has rejected the accusations, calling them unfounded, while Anthropic has previously alleged that multiple Chinese AI firms violated its terms of service. Watch this report for the latest developments in the escalating global AI race.

Trump Administration accuses Moonshot AI of using Anthropic's AI Technology without authorisation

The European Commission's Executive Vice-President for Tech Sovereignty, Security and Democracy, highlighted the need for both sides to strengthen their own AI capabilities while collaborating closely.

EU & India must build own AI capacity with home-grown data, says top EU official Virkkunen at New Delhi summit

Humanity is bringing God closer to Artificial intelligence, with a Swiss church creating an AI-generated Jesus who will listen to confessions in 100 languages. In place of a priest, Peter’s chapel in Lucerne, the oldest church in the Swiss city, plugged in an AI-powered computer in the confessional booth.

Jesus meets AI: Swiss church confession booth has God that 'answers' worshippers' concerns

Chipmaker Nvidia has signed a significant deal with Qatari telecom giant Ooredoo. This agreement marks Nvidia's first large-scale deployment of its ai technology in West Asia. Interestingly, the US restricts exports of its most advanced ai chips to the region. Analysts believe the deal involves Nvidia's mid-range ai technology, which falls outside those restrictions.

Nvidia partners with Ooredoo to deploy ai tech in West Asia

As per reports, the Indian state of Gujarat is in talks with chipmakers in Japan, South Korea and the United States for investments in the state. India is now aiming for the top spot in the chip market.

Semiconductor Industry in India: Gujarat in talks with global chipmakers for investments

In 2023, Artificial Intelligence (AI) was the new catchphrase; it was everywhere- in the news, on podcasts, social media, mobile apps and even in our daily conversations.

AI in 2024: From edge computing to fintech, biggest AI trends to look forward this year

Indian Prime Minister Narendra Modi highlighted the intensity of impact artificial intelligence has on the present as well as future generations and also called for a global framework regulating the development of artificial intelligence tools as the annual Global Partnership for Artificial Intelligence (GPAI) Summit kicked off in New Delhi’s Bharat Mandapam on Tuesday (Dec 12).

PM Modi stresses on need to prepare global framework for AI, raises concerns over deepfake abuse

With the expanding abilities of artificial technology (AI), aeroplanes may now seemingly move from autopilot mode to AI pilot mode. From two trained pilots present inside the cockpit, the situation may change to no pilots at all, with AI pilots flying the aeroplanes more smoothly and safely.

AI pilots to fly passenger planes? Emirates airline president hints at possibility

A scientist has claimed that by the end of this year, humans will be able to upload consciousness onto the computer, making it sensible and being aware of and responsive to its own surroundings, but is it possible for a machine to react the way humans do?

Will humans be able to upload consciousness and sensibility onto computer?

The semiconductor industry has been experiencing sales downturn but there is now growing optimism that it has reached its lowest point. One reason for this is surge in artificial intelligence technology which is expected to boost sales in the coming years of tech devices.

Semiconductor index rises on AI optimism as it boosts sales outlook | World Business News

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