Meta commits extra funding to oversight board until 2028
May 28 (Reuters) - Meta Platforms' Oversight Board said on Thursday the tech giant has committed additional funding to secure the independent watchdog's operations through 2028.
Groq targets $650 million fundraise after Nvidia licensing deal, Axios reports
May 28 (Reuters) - Groq is raising up to $650 million from existing investors, Axios reported on Thursday, after the AI chip startup signed a $17 billion licensing deal with Nvidia in December.
Fed's Musalem says it's risky to bet that AI will ease inflation
May 28 (Reuters) - St. Louis Federal Reserve President Alberto Musalem on Thursday offered a skeptical view of the expectation that artificial intelligence will reduce inflation by fueling a surge in productivity, arguing it would be a mistake for the U.S. central bank to count on that possibility by easing monetary policy.
Anthropic to boost hiring in Europe after opening Milan office
MILAN, May 28 (Reuters) - Anthropic will continue expanding in Europe after opening its sixth office on the continent in Milan on Thursday, Chris Ciauri, managing director for international at the U.S. AI startup, said.
Crypto companies without EU licences face prosecution, French regulator warns
PARIS, May 28 (Reuters) - France's top markets regulator warned crypto companies they could be blacklisted and sued if they do not get an EU licence to operate by end of June, as the bloc fully rolls out tighter regulation of crypto.
Nebius shares hit two-week high as former OpenAI employee's fund buys stake
May 28 (Reuters) - Nebius Group's shares climbed 9% on Thursday after a fund run by former OpenAI employee Leopold Aschenbrenner disclosed a stake in the AI infrastructure firm.
US Treasury rolls out Trump Accounts app nationwide
May 28 (Reuters) - The U.S. Department of the Treasury said on Thursday it had launched Trump Accounts on app stores nationwide, advancing a policy initiative that aims to create millions of investment accounts for children.
From diapers to drugs: How India's global corporate hubs are putting AI to work
May 28 (Reuters) - Whether they are recruiting the ideal "momfluencer" to sell diapers or trawling through reams of data to fast-track drug launches, global centers of multinational firms in India are increasingly putting AI to work in creative ways.
Temu fined $232 million for breaching EU rules on sale of illegal products
BRUSSELS, May 28 (Reuters) - Chinese online retailer Temu has been fined €200 million ($232 million) for not doing enough to stop the sale of illegal products, European Union tech regulators said on Thursday, following the first part of a wide investigation.
Mistral defends military AI, expands data centres
PARIS, May 28 (Reuters) - Mistral, widely seen as Europe's leading AI company and its best hope of challenging top U.S. peers, on Thursday defended military uses of the technology as it unveiled a new French data centre.
